Specialist Strategic Contracts

Specialist Strategic Contracts
- INDEPENDENT ELECTRICITY SYSTEM OPERATOR (IESO)

**Requisition ID**:

- 20472**Location**:

- Toronto**Status**:

- Regular**Business Unit**:

- Legal Resources & Corporate Governance**Why join us?**

You’ve got great skills. And you want to use them in an organization where you know what you do every day matters. We get that.
We also know that ensuring Ontarians have access to affordable and reliable power doesn’t happen by accident. So we give you the tools, flexibility and support you need to achieve your goals, and development opportunities to help you grow. You’ll thrive in a collaborative, team-based environment that values your unique skills and experiences - and recognizes that when you do better, we become even better too.

**Who we are**

The Independent Electricity System Operator (IESO) works at the centre of the province’s power system, ensuring Ontarians have access to reliable and cost-effective electricity when and where they need it. We operate the province’s electricity grid 24/7, design, run and oversee the wholesale electricity markets, and plan and prepare to meet Ontario’s electricity needs - now and into the future.

**The Opportunity**

The Specialist, Strategic Contracts will be a key member of the team overseeing the prudent management of the IESO’s strategic long term electricity supply contracts; in particular, OPG Energy Supply Agreements and to a lesser extent, the Amended and Restated Bruce Power Refurbishment Implementation Agreement (ARBPRIA) with Bruce Power.
- The Specialist will be required to execute the framework for completing due diligence activities and management of the technical, commercial and financial obligations in accordance with long term electricity supply agreements with OPG and Bruce Power. This will require leading the implementation and maintenance of reporting tools and systems to monitor and analyze operating characteristics of hydroelectric, thermal and nuclear generating facilities to ensure compliance with the agreements.
- This role will interface with stakeholders, external consultants (legal, technical, financial and/or operational) and other external organizations. The Specialist will perform an active role in the planning, coordinating resources and executing activities to ensure all contractual obligations are met. The individual is expected to have a strong financial background, complemented by technical or engineering, contract management, project management and relationship management experiences and competencies.

**What you'll do**

This role requires the Specialist to represent the IESO, as the contract counterparty with OPG representatives and will include the following responsibilities:
1. Contract Management and Support:
Attend and participate in OPG contract review and oversight meetings-
Prepare summary documents, progress reports and meeting minutes and regular and/or periodic progress and observation reports for IESO management-
Review, analyze and assess performance metrics measured against contractual obligations-
Track development and assist with due diligence procedures on OPG submissions and supporting documentation-
Advise and inform management on potential and/or ongoing issues and support IESO management with the resolution of contract or payment disputes-
Support the development and enhancement of tools and processes to support the monitoring and reporting of contractual and operational requirements associated with nuclear and hydroelectric generation facilities-
Support the assessment of notices and/or proposals received by counterparties, present recommendations to management- 2. Financial and Technical Due Diligence:
Monitor and conduct due diligence on technical and financial submissions by contract counterparties, and ensure relevant evidentiary documentation is received-
Support technical experts by identifying facts, issues and documents that may be relevant in their analysis-
Assist in the development and enhancement of tools, databases and procedures for monitoring, tracking and reporting on capital and OM&A costs associated with nuclear and hydroelectric generating facilities-
Track and monitor relevant technical information related to the scope and timing of work completed or proposed by generators to ensure it is prudent and in accordance with good engineering and operating practices-
Maintain knowledge and understanding of OEB regulatory framework and cost allocation methodologies-
Support the review of submissions from contract counterparties to confirm reasonableness of estimates and/or actual expenditures, and review reports and monitor progress to schedule and cost-
Raise concerns identified through due diligence activities, including relevance of business rationale and supporting documentation provided by the contract counterparty-
Attend and participate in oversight meetings with counterparties, and/or with external vendors (engineering, procurement and construction)- 3.