Manager, Assets & Long-Term Contracts Energy Management

TotalEnergies is expanding its Integrated Power business in the U.S., the world’s second-largest power market. The U.S. operates through seven Independent System Operators (ISOs), each with distinct market structures, pricing mechanisms, and regulatory frameworks. By 2030, the U.S. is expected to represent approximately 30% of TotalEnergies’ Integrated Power business, making it a key pillar of the Company’s growth strategy. This role supports the ambition by optimizing a diversified portfolio of generation assets—including solar, wind, thermal generation, and Battery Energy Storage Systems (BESS)—alongside a growing portfolio of long-term power contracts.

About the role

As Manager, Long-Term Pricing & Structuring, you will shape the long-term commercial strategy and value creation of TotalEnergies’ power portfolio. You will develop and maintain pricing and valuation models for assets and long-term contracts, support investment and monetization decisions, and assess the value and risk of positions held within the Long-Term Portfolio. This high-impact role operates at the intersection of trading, asset management, investments, and corporate strategy.

Responsibilities

• Develop and maintain robust valuation models for power assets, long-term contracts, and portfolio exposures.
• Support strategic investment decisions, M&A activities, and Final Investment Decisions (FIDs) through long-term market and valuation analyses.
• Partner with Trading, Asset Management, Finance, and Investment teams to assess portfolio value and identify optimization opportunities.
• Provide senior management and key stakeholders with actionable insights on long-term valuations, market outlooks, and portfolio performance.
• Prepare and support internal governance committees and cross-functional forums, communicating key analyses, recommendations, and business impacts.
• Lead and organize Long-Term Pricing & Structuring activities to ensure effective execution and continuous improvement.
• Develop innovative solutions to address complex valuation, risk management, and market challenges across a long-term planning horizon exceeding three years.
• Define, own, and continuously optimize the hedging strategy for the Long-Term Portfolio, ensuring alignment with commercial objectives and risk management policies.
• Structure and implement merchant exposure hedging solutions in partnership with Asset Management teams, including Renewable Energy Certificates (RECs) and other environmental products.
• Measure, monitor, and analyze merchant exposures, providing sensitivity analyses, stress testing, and scenario assessments to support decision-making.
• Manage volumetric risks arising from weather variability, asset outages, production uncertainty, and evolving market conditions.
• Support the negotiation, structuring, and valuation of long-term power contracts with asset owners, counterparties, and customers.
• Develop and deliver long-term energy margin forecasts and market outlooks to support financial planning, M&A transactions, FIDs, and strategic portfolio reviews.
• Identify and recommend asset monetization strategies, revenue optimization opportunities, and portfolio restructuring initiatives to maximize value creation.
• Price long-term contracts and structured transactions to be managed within the Long-Term Portfolio.
• Develop, maintain, and enhance quantitative models related to asset valuation, energy margin forecasting, contract pricing, portfolio optimization, and risk analysis.
• Collaborate closely with Trading, Asset Management, Finance, Investments, and Risk teams to ensure consistency of assumptions, methodologies, and strategic objectives.

Accountabilities

• Accuracy, robustness, and reliability of asset and contract valuation methodologies and outputs.
• Effective optimization of the Long-Term Portfolio through strategic hedging, structuring, and portfolio management decisions.
• Delivery of high-quality market intelligence, forecasting, and analytical insights that support investment, financing, and commercial decisions.
• Identification and execution of value-enhancing opportunities related to asset monetization, contract structuring, and portfolio optimization.
• Effective management of long-term market, merchant, and volumetric risks.
• Development and maintenance of industry-leading pricing, valuation, and portfolio management models.
• Successful collaboration with cross-functional stakeholders, including Trading, Asset Management, Finance, Commercial, Investments, and Senior Leadership teams.

Requirements

• Master’s degree in Economics, Finance, Engineering, Mathematics, Energy Markets, or a related discipline.
• 10-15 years of experience in asset valuation, energy markets, risk management, portfolio management, structured transactions, or long-term commercial strategy within the energy sector.
• Deep knowledge of U.S. and wholesale power markets, including pricing mechanisms, market fundamentals, regulatory frameworks, and long-term market dynamics.
• Strong understanding of power generation assets and revenue drivers, including combined cycle gas turbines (CCGT), renewable energy assets, energy storage, and merchant market exposures.
• Proven expertise in valuation methodologies, long-term forecasting, and risk analysis to support investment, financing, and commercial decision-making.
• Strong analytical and quantitative capabilities, with experience developing and applying complex pricing, valuation, and portfolio optimization models.
• Advanced statistical analysis and modeling skills, with proficiency in Excel and quantitative programming tools such as Python, R, MATLAB, BID3, Plexos, PSO, or similar platforms.
• Excellent communication and presentation skills, with the ability to translate complex analytical concepts into actionable insights for both technical and non-technical stakeholders.
• Ability to influence decision-making and build strong relationships across Trading, Asset Management, Finance, Investments, Risk, and Senior Leadership teams.

Preferred Qualifications

• Experience supporting investment evaluations, mergers and acquisitions (M&A), project financing, and Final Investment Decisions (FIDs).
• Demonstrated expertise in economic analysis, asset valuation, and financial modeling for large-scale energy infrastructure projects.
• Proven ability to operate effectively within complex, highly matrixed, and cross-functional organizations.
• Experience with long-term power contracts, structured products, hedging strategies, and merchant risk management.
• Knowledge of renewable energy markets, environmental products, Renewable Energy Certificates (RECs), and evolving energy transition market structures.