Future of Energy/Power
I came across the role of "Originator" at various energy trading firms and utilities, and I am curious to know if this is a promising role. From my understanding, it is best summarized as a deal-making/business development role with no direct PnL responsibilities (unlike power traders).
Is this a desirable position with lots of upside potentail? Given the sustainable growth of this industry, I would assume so. Also, where would one want to have this kind of role? Utilities, supermajors, trading houses?
Do you have experience in power or gas? Are you looking to take this role? If your answer to the former is no, or not much, you likely are out of your depth and won't garner a ton of interest. Most of the originators have years of experience and leverage their networks to find opportunities.
You will find originators pretty much everywhere
I have an unrelated background but the position does not expect any [relevant] experience (unlike the Senior Originator role, which does expect "a deep contact book"). Given it is a junior role, my understanding is that there is a lot of grunt work to do until one "grows" into bigger projects/more commercial responsibility.
Is this a role that could potentially lead to 250k+ comp?
Will likely be cold calling and hunting for PPAs if I had to guess. My worry for you would be pivoting to something else. Most of the originators are very knowledgeable about the grid, ISOs, how the markets trade, how they clear etc from having been a market participant. You will not have a ton of that exposure, that I think is important.
I’d explore it and see what they have to say and see what the day to day will be like. You don’t want to have to learn these ISOs/markets by only reading the tariffs, they are the bible but you need to be an active participant to actually understand IMO.
Why do you need 250k? Focus on what is in front of you.
Sounds about right. I am just trying to gauge the long term viability of this path given I have no experience (and no interest) in trading. As I suspect this to be primarily a Sales role, I thought I'd be able to wing it but if trading knowledge is really that crucial, it could be a dead-end and therefore less desirable long-term.
Trading not necessary, you can be a market participant as a retail pricing analyst, or asset manager, dispatcher etc.
Without knowing the shop cannot really help (why do people keep worrying about naming commodity shops). There is places where essentially you are the first point of contact for the all ongoing deals, that the sr originator has created. So you talk to the customer daily, make sure noms good, invoices good etc... Then from there getting more into the industry. Would mainly need very strong sales skills.
As for you 250k hope, very doubtful this is more of a 100k-150k to start sort of gig.
Roles and responsibilities match my own expectations. As for comp, the 250k would be long term goals (5-10 years). As for entry comp, I'd expect 50k (Europe).
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