Commercial Manager

Commercial Manager 

Based at either Stanlow Manufacturing Complex, Ellesmere Port or Mayfair, London

• Competitive Salary
• 10% Company Contribution Pension rising to 15% with service
• 25 days Holiday, increasing with service
• Private Medical Insurance
• Additional Flex Benefits- including Holiday Purchase
• Access to Employee Assistance Programme with Exclusive access to a range of Discounts
• Free Secure On Site Car Parking

** About the Company

Essar Energy Transition (EET) is at the forefront of the UK’s decarbonisation goals, investing in a sustainable energy transition to create the country’s premier low-carbon energy hub. EET’s extensive portfolio includes EET Fuels, which is on track to become the UK’s first low-carbon refinery, EET Hydrogen, which is developing over 1.35 GW of blue and green hydrogen capacity, and EET Hydrogen Power, Europe's first hydrogen-ready combined heat and power (CHP) plant.

EET Hydrogen Power, currently under development, aims to deliver a CHP plant at the Stanlow refinery, with commissioning for phase one expected by 2027. This project is a vital piece of the broader decarbonisation efforts of the HyNet cluster, which will leverage hydrogen, carbon capture, and the creation of a highly decarbonised industrial hub.

The project is a testament to EET’s commitment to reducing carbon emissions by up to 95% by 2030.

EET Hydrogen Power has the potential to be developed over three phases to reach a capacity of up to 250 MW of power with 13,000 tonnes per day of steam.  The electrification and fuel switching to hydrogen will deliver a reduction of carbon dioxide for EET Fuels. 

We are a newly formed and hugely motivated team that is energised to deliver a world-class and world-first project at the heart of energy transition. The team has dynamic mix of backgrounds with skills across engineering, commercial & finance, and a set of world class external advisors.

We are very passionate about our work and the atmosphere is focused and friendly! Our project is based at the Stanlow Manufacturing Complex located in Ellesmere Port (Cheshire) with offices in Ellesmere Port and London.

**The Role

EET Hydrogen Power is seeking a Commercial Manager to support the development of key long-term contracts for our CHP Project. This role involves crafting and negotiating contracts for electricity, steam, and water sales, as well as purchasing refinery off gas, natural gas, hydrogen, and utilities. The position will report to the Head of Finance & Commercial and work closely with legal and financial advisors. You’ll play a crucial role in developing “first-of-a-kind” agreements for the UK's first large-scale hydrogen-to-power asset.

** Primary Accountabilities:

Contract Management and Negotiation

• Drafting Heads of Terms
• Negotiating contracts with counterparties
• Build and maintain high level mutually beneficial customer, key supplier, key stakeholder, government and vendor relationships

Commercial Review

• Benchmarking contracts against market standards
• Discussing the contracts with EET Hydrogen Power’s external advisors
• Explaining key elements of agreements/positions to stakeholders including management teams, shareholders, government etc.
• Ensure the accuracy and rationality of all project level risk and opportunity schedules
• Prepare the commercial plan, ensuring all identified contract obligations, conditions precedent and risks are communicated and understood by the project team
• Ensure all records are generated and maintained, using records to avoid or manage disputes

Budget and Spend Management

• Attend contract reviews and assist with ensuring the accuracy and integrity of costs and values forecast by project teams
• Assist the Head of Finance & Commercial with preparation and updating of business plans
• Monitor and manage the commercial performance
• Identify measures to protect the company and improve contract profitability
• Be responsible for the submission of applications for payment, reporting to the finance function on when and how much is to be received. Ensuring payment is received in line with the contract
• Manage the ongoing commercial aspects of subcontracts, including agreement of terms and conditions

Leadership Accountabilities:

• Leading interface and driver of all key commercial contracts at EET Hydrogen Power
• Develop and help lead the EET Hydrogen Power Culture

**About You

The ideal candidate will have significant experience in the UK energy market. Ideally degree qualified in a relative field. You should have a strong understanding of regulatory matters and complex contractual agreements, such as long-term gas supply contracts and Power Purchase Agreements, with experience gained in either the public or private sector. Significant knowledge of the UK electricity market, including electricity trading and REMIT, is essential.

In addition to your technical expertise, you will possess excellent negotiation skills and the ability to work collaboratively with a range of stakeholders, including customers, shareholders, and government representatives. A passion for energy and climate change is crucial, along with outstanding commercial analysis skills and the capacity to manage complex regulatory and contract concepts with a high level of attention to detail.

The successful candidate will be a self-starter, capable of working independently while handling multiple tasks simultaneously. They should have a positive attitude, a strong work ethic, and the flexibility to adapt to a dynamic environment, ensuring the successful delivery of innovative, first-of-a-kind contracts.

**Closing Date

This vacancy will close on 6th December 2024.