Manager, Fuel Portfolio Management & Contracts

OUC - The Reliable One, is presently seeking a Manager, Fuel Portfolio Management & Contracts to join the Electric & Water Production division. At OUC, we don't just work - we're building a bright future of innovation and transformation for future generations.

We are looking for a strategic, finance-savvy professional with deep energy industry experience to lead fuel procurement and energy risk management efforts at OUC. You will play a pivotal role in guiding our natural gas hedging strategies, shaping power purchase agreements, and supporting long-term planning initiatives to ensure operational and budgetary stability.

In this role, you will lead a high-performing team in executing OUC's comprehensive fuel strategy, including the procurement, scheduling, and transportation of natural gas and coal, as well as the design and management of financial hedge portfolios to mitigate fuel price volatility. You'll develop strategies for various fuel sources, oversee rail operations and logistics, manage energy supply contracts for jointly owned generation assets, and negotiate renewable power purchase agreements. As part of the FMPP and OUC's Energy Risk Management Oversight Committee, you'll help shape regional coordination and internal policy. The role also includes leading risk assessments, supporting long-term planning, and monitoring the Electric and Water Production (EWP) budget. The ideal candidate brings strong leadership, deep expertise in energy commodities and financial instruments (e.g., collars, calls, puts), and a proven ability to develop talent and drive cross-functional collaboration.

OUC is an industry leader and the second largest municipal utility in Florida committed to innovation, sustainability, and our community, OUC's mission is to provide exceptional value to our customers and community by delivering sustainable and reliable services and solutions.

Join a team of visionary Change Agents, Strategists, and Community Ambassadors who understand the vital role of diverse experiences in powering creativity and industry transformation. At OUC, each position contributes to the success and achievement of our goals. Click here to learn more about what we do.

The ideal candidate will have:

• Bachelor's degree in Engineering, Business Administration, or a related field from an accredited college or university; a Master's in Business Administration (MBA) is preferred
• 5+ years of experience in engineering, financial analysis, or energy trading, with experience in commodities and financial markets; experience in the electric utility sector is preferred
• 3+ years of leadership experience, including formal supervision or equivalent experience managing projects, budgets, coaching and mentoring staff
• Expertise in natural gas procurement, scheduling, and hedging, with working knowledge of financial instruments such as collars, puts, and calls; familiarity with prepaid gas structures and Florida Gas Transmission (FGT) capacity
• Strong foundation in fuel portfolio optimization, risk management, and price forecasting within an Energy Risk Management Framework
• Demonstrated ability to negotiate and manage contracts, including Power Purchase Agreements (PPAs) and fuel supply agreements for jointly owned generation assets
• Proficiency in business analytics, budgeting, and regulatory reporting (e.g., FPSC, FRCC, EIA, SERC), with a proven ability to support strategic, data-driven decisions
• Collaborative leadership style with a focus on team development, mentoring, and succession planning
• Agility to operate in a lean, fast-paced environment, balancing oversight of trading, compliance, operations, and long-term strategy
• Strong communication and presentation skills, with the ability to convey complex financial and regulatory concepts to a variety of stakeholders

OUC offers a very competitive compensation and benefits package. Our Total Rewards package includes, to cite a few:

• Competitive compensation
• Low-cost medical, dental, and vision benefits and paid life insurance premiums with no probationary period.
• OUC's Hybrid Retirement Program includes a fully-funded cash balance account, defined contribution with employer matching along with a health reimbursement account
• Generous paid vacation, holidays, and sick time
• Paid parental leave
• Educational Assistance Program, to include tuition reimbursement, paid memberships in professional associations, paid conference and training opportunities
• Wellness incentives and free access to all on-site OUC fitness facilities
• Access to family-oriented recreational areas
• Paid Conference and Training Opportunities
• Free downtown parking

Click here to view our Benefits Summary.

Salary Range: Est. $137,391 - $206,085 annually - commensurate with experience

Location: 6003 Pershing Ave., Orlando, FL 32822

Please see below a complete Job description for this position.

Job Purpose:

Develops and implements fuel procurement and transportation strategies for coal, natural gas, fuel oil, and alternative fuels to ensure cost-effective and reliable fuel supply. Designs and manages financial hedge portfolios to stabilize and mitigate short and long term fuel price volatility. Develops and conducts probability based financial risk assessments and forecasting analyses to support strategic fuel and energy planning. Manages Stanton rail track operations and the railcar fleet. Serves in key lead roles on FMPP (Florida Municipal Power Pool) Committees, Subcommittees, and Task Forces as appropriate; Manages Power Purchase Agreements for renewable energy projects and fuel & energy supply contracts for jointly owned generation assets. Monitors, analyzes, and reports on Electric and Water Production (EWP) budget.

Primary Functions:

• Manage staff in the execution of procurement, delivery and optimization of fuel commodity and transportation obligations for OUC's generation resources;
• Oversee third party requests for access to OUC railroad right-of-way, including drafting, review and negotiation of license, usage and easement agreements working closely with legal;
• Negotiate, draft and review transactional documents and agreements for the purchase and sale of fuel commodities and transportation services;
• Develop and execute strategies to optimize natural gas and coal fuel commodities and transportation portfolio;
• Generate short- and long-term forecasts for natural gas, coal and diesel fuel prices;
• Design and recommend hedging strategies and transactions to meet Energy Risk Management program objectives, with a focus on minimizing fuel price volatility;
• Coordinate with front-line operational staff, Energy Portfolio Management and Energy Control Center for fuel- related needs;
• Collaborate with OUC management teams to develop creative solutions to structure transactions and oversee, guide, and negotiate Power Purchase Agreements (PPAs) and contracts; Prepare presentations and internal communications to gain senior leadership approval while overseeing execution and coordination with business units involved in the transaction, such as Transmission, ECC, and Legal;
• Partner with the Energy Portfolio Management team to draft, review and manage Power Purchase Agreements and other high-value Sale and Purchase Contracts for EWP, ensuring compliance with regulatory requirements;
• Manage budgets and performance through tailored reports that support data-driven decision making by senior leadership;
• Manage regulatory filings to the Florida Public Service Commission (FPSC), Florida Reliability Coordinating Council (FRCC), Energy Information Administration (EIA), SERC Reliability Corporation, including the annual Ten-Year Site Plan, Load & Resource Assessment, and other regulatory filings;
• Serve as a lead, subject matter expert, or member, on FMPP Committees,
• Subcommittees, Task Forces, and ad-hoc Working Groups to maintain efficient, reliable operations, analyze and address issues, and drive continuous improvement while representing OUC's strategic objectives;
• Develop and maintains FMPP operating documents and procedures;
• Lead cross-functional efforts across OUC business units and FMPP Member units to advance FMPP and OUC strategic objectives and execute related projects;
• Lead and conduct ad-hoc analysis to support strategic decision making and market view while reviewing and optimizing fuel portfolio positions;
• Develop high impact presentations and briefings for internal and external stakeholders ,
• including FMPP business units, committees, executive level management, and external customers;
• Lead and participate in Requests for Proposals (RFPs) and negotiate consultant and subcontractor agreements for OUC and FMPP;
• Manage billing for OUC's Wholesale customers;
• Manage and review contracts with majority owners of generation capacity owned by OUC;
• Oversee and provide guidance on contracts for EWP;
• Ensure appropriate staffing levels are maintained as appropriate for emergency on-call operations (i.e. Hurricanes);
• Design, enhance, and support internal processes to accurate management, documentation, and representation of transactions across multiple contracts and customers;
• Manage selection and promotion procedures including reviewing applicants and interviewing potential new employees to effectively recommend candidates for open positions within the business unit;
• Manage and lead assigned staff to provide direction of day-to-day activities. This includes, but is not limited to, employee coaching, development, and performance evaluation;
• Support and maintain an effective work team and foster a culture of respect and continuous learning;
• Perform other duties as assigned.

Technical Requirements:

• Working knowledge of all, but not limited to, the following:
• Risk management and its application to management of commodity price risk exposure;
• Utilizing natural gas options (call/put) and futures, including coal arbitrage
• Natural gas storage arbitrage
• Fundamental aspects of both the physical and financial markets for natural gas, coal and electricity;
• Contract performance;
• Fuel Billing;
• Related industry, organizational and departmental policies, practices, and procedures; legal guidelines, ordinances, and laws;
• Performance Graphs;
• Wholesale Billing;
• Related industry, organizational and departmental policies, practices, and procedures; legal guidelines, ordinances, and laws;
• Process improvement, project management, and complex contract arrangements;
• Effective verbal and written communication skills;
• Effective management skills;
• Possess emotional intelligence, vision, values and integrity;
• Ability to lead, coach, develop, evaluate, and manage employees;
• Ability to:
• Understand and apply governmental accounting practices in maintenance of financial records;
• Perform quantitative analysis;
• Present and communicate complex analysis and results in a clear and concise manner;
• Understand financial concepts;
• Make arithmetic computations using whole numbers, fractions and decimals; compute rates, ratios and percentages;
• Use Microsoft Office Suite (Word, Excel, Outlook, etc.) and use standard office equipment (telephone, computer, copier, etc.).

Education/ Certification/ Years of Experience Requirements:

• Bachelor's Degree in Engineering, Business Administration or related field of study from an accredited college or university;
• Master's of Business Administration Degree from an accredited college or university (preferred);
• Minimum of five (5) years of experience in engineering, financial analysis, or a related field (required), to include:
• Experience with business analytics, contract negotiations, financial and risk reporting, risk management (required);
• Minimum of three (3) years of formal supervisory or leadership experience (required); In lieu of formal supervisory or leadership, experience managing project teams, budgets, coaching and mentoring team members, leadership training may be substituted.
• Experience in commodities and/or financial markets (preferred);
• Experience in electric utility (preferred);

Working Conditions:

This job is absent of disagreeable working conditions. This job consists of working in an office environment.

Physical Requirements:

OUC-The Reliable One is an Equal Opportunity Employer who is committed through responsible management policies to recruit, hire, promote, train, transfer, compensate, and administer all other personnel actions without regard to race, color, ethnicity, national origin, age, religion, disability, marital status, sex, sexual orientation, gender identity or expression, genetic information and any other factor prohibited under applicable federal, state, and local civil rights laws, rules, and regulations.

EOE M/F/Vets/Disabled