Why work with MGen?

MGen attracts self-driven, resourceful and experienced professionals who specialize in project finance, development and engineering. While our company draws from the rich organizational culture and expertise of our mother unit, Meralco, our company is relatively young and provides much room for creativity and growth.

We keep our employees motivated by providing them with challenging tasks to give them the opportunity to achieve professional fulfillment, a rewarding benefits package that is comprehensive and above industry standards, and training to keep them abreast with industry trends.

Are you keen to work in the Energy industry? You can send your updated resume to recruitment@meralcopowergen.com or follow us on LinkedIn.

Why work with MGen?

MGen attracts self-driven, resourceful and experienced professionals who specialize in project finance, development and engineering. While our company draws from the rich organizational culture and expertise of our mother unit, Meralco, our company is relatively young and provides much room for creativity and growth.

We keep our employees motivated by providing them with challenging tasks to give them the opportunity to achieve professional fulfillment, a rewarding benefits package that is comprehensive and above industry standards, and training to keep them abreast with industry trends.

Are you keen to work in the Energy industry? You can send your updated resume to recruitment@meralcopowergen.com.

Solar Project Engineer

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Job Description
  • Undertake energy production assessments which include site visits, solar data processing and quality checking, correlation analysis, review of energy losses, statistical analysis and reporting;
  • Undertake site conditions assessments which include elements of the above;
  • Produce detailed reports which review the feasibility of sites for development which will include feasibility studies, layout optimization, shadow assessment, and visual impact assessment;
  • Analyze interconnection due diligence materials to support project acquisition efforts;
  • Liaise/Interface with a wide range of stakeholders from solar developers / Governmental bodies to financial institutions;
  • Lead and assist internal groups to complete deliverables required by outside agencies to construct interconnection facilities;
  • Manage multiple projects to ensure they are completed within timescale and budget;
  • Produce written reports and other documentation for delivery to the Development team;
  • Participate in R&D projects and supporting continuous improvement of procedures;
Qualifications
  • Degree in an Engineering, Physics, Atmospheric Science or Mathematics field;
  • Minimum of (1) year professional experience in a similar role in solar PV energy, renewable project development and transmission planning, preferably with international solar PV project developers and/or solar EPC service providers;
  • Knowledge in solar PV energy industry software (i.e. PVSyst, PVPlanner, Solar PV Autocad), tools for statistical analysis of data (Access, SQL) and measurement techniques would be a plus;
  • Good organizational and effective time management skills;
  • Ability to work in a fast-moving environment – operating to very tight timescales;
  • Strong attention to detail in order to produce accurate and high-quality reports for MGEN needs;
  • Adaptability and ability to cope with a wide variety of tasks;
  • Fluency in English; Chinese language would be a plus;
  • Ability to produce clear written reports and communicate verbally in English;
  • Excellent inter-personal and communication skills (both oral and written);
  • Good IT skills, and experience using MS Office suite packages

Solar Engineering Manager

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Job Description
  • Evaluate project feasibility including site visits and due diligence;
  • Develop electrical/structural designs for large scale solar projects;
  • Review and validate technical documents, including electrical single-line, wiring diagrams, schematics, electrical, structural, site plan drawings, and O&M manuals;
  • Identify, evaluate and direct subcontractor and consultant project services and deliverables;
  • Establish procedures for development of site permitting and interconnection requirements;
  • Prepare reports and communicate design/project activity;
  • Identify, prioritize and schedule project/design initiatives;
  • Coordinate bill of materials development and supplier recommendations;
  • Perform site audits;
  • Write and/or provide support on reports, articles, issue briefs, and memorandums on technical issues and best practices for both internal and external use;
Qualifications
  • Completed an Electrical Engineering degree;
  • Minimum of 5 years of work experience in the solar industry, including engineering and design of utility scale solar parks, dealing with utilities, and permitting/interconnection procedures;
  • Successful track record in project execution;
  • Familiarity with the performance of a variety of PV solar technologies and the O&M of the equipment found in power systems;
  • Self-motivated and self-sufficient with exceptional written, oral, interpersonal and presentation skills;

Trading Analyst

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Job Description
  • Manage power supply agreement – validate hourly generation of power plants base on metered quantities; monitor hourly WESM prices; validate power billing as provided by the power supplier and make recommendations to the Trading Manager; calculate energy revenues from WESM based on metered quantities of the power supplier and hourly WESM prices;
  • Manage contestable customers – nominate and declare bilateral contract quantities based on the hourly metered quantities of the contestable customers; prepare the power bill to be served to the contestable customers based on the agreed contract price and declared bilateral contract quantity; provide other customer services tasks as assigned by the Trading Manager;
  • Responsible for the planning and performing quantitative analysis to price wholesale energy commodity transactions and quantify and hedge risk;
  • Plan and optimize seasonal, monthly, balance-of-month, and daily resource commitment schedules and portfolio positions to provide the most economic operations of the power system generation portfolio;
  • Perform post-analysis of actual dispatch and system operations of the company’s portfolio to determine opportunities for efficiency improvements. Know and adhere to business rules and understand regulatory requirements;
  • Design and perform appropriate quantitative studies of historical and forecasted prices and system loads;
  • Conduct supply and demand analysis and supports trading and risk management activities;
  • Create and run modelling scenarios to optimize commitment, additional purchases and sales, as well as long term energy limited or constrained seasonal purchases;
  • Continuously seek improvements to processes and analyses used for purchasing and selling commodities, scheduling of contracted resources and commitment and dispatch of generation assets;
  • Analyze and forecast future market prices at various trading points;
  • Research energy market trends, maintains awareness of energy optimization techniques and tools to support trading contributors;
  • Stay abreast of current issue of the industry and existing regulatory rules in the government and market;
  • Validate the billing data, pricing and provides recommendation to the Trading manager; and
  • Prepare the power bill to be serve to the customers
Qualifications
  • Fresh graduate, Bachelor’s degree in Engineering/ Computer Science / Business Administration / Economics or similar program
  • Excellent communication skills
  • Strong proven analytical skills
  • Excellent MS Office ( Excel, Word, Powerpoint)

Commercial Planning Analyst 

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Job Description

Electricity Market Forecasting

  • Develop and maintain dispatch optimization models, Monte-Carlo simulation models, and stochastic simulation tools using applicable software;
  • Forecast electricity prices and perform market simulation studies related to the electricity market;
  • Conduct short-term and long-term modeling and forecasting of variable margin of MGEN’s portfolio;
  • Conduct sensitivity analysis under constraints e.g., seasonal and diurnal load variance, renewable energy integration, transmission constraints, and reserve requirements;
  • Back-test models to ensure forecast integrity;
  • Gather information and maintain datasets related to the energy market; and
  • Identify effective trading strategies and other forms of derivatives in relation to WESM.

Commercial Reporting

  • Prepare regular reports showing WESM system performance and trading performance of MGEN’s portfolio; and
  • Prepare business performance and ad-hoc reports showing the evolution of the variable margin of MGEN’s portfolio.

Project Valuation Support

  • Provide market forecasts for project valuation and assessment

Commercial Market Strategy and Policy

  • Assist in development of contracting strategy through determination of optimal portfolio mix and monitor its execution (hedge positions)

Market Surveillance and Research Assessment

  • Monitor market developments and lead assessment on the business impact
Qualifications
  • Bachelor’s degree of above in Engineering (Electrical, Mechanical, Industrial Operations, or others);
  • At least 3 years of experience in power trading team, energy/power economics, spot market operations, or energy planning;
  • Knowledge of WESM– Philippine electricity spot market operations and rules;
  • Understanding of power supply contracts– physical and financial;
  • Data management skills
  • Excellent communication skills
  • Excellent MS Office skills (MS Excel, MS Word, MS Powerpoint);
  • Self-motivated and driven;
  • Ability to work under pressure and meet deadlines; and
  • Preferably with knowledge of dispatch optimization (production cost modeling and stochastic simulation) software e.g., PLEXOS, Aurora, Prophet, Promod, iPool, QUAFU)

Energy Market Analyst

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Job Description
  • Responsible for programming and coding statistical software to run statistical and other quantitative models with the guidance and discretion of an in-house Statistician, external consultants, and/or management;
  • Conduct quantitative forecasting exercises to analyze electricity markets– primarily in the Philippines and Singapore and analyze historical data on fuel and other energy and commodity markets globally as determined by the needs of the business;
  • Develop/code standardized and automated programs to run quantitative models to study and forecast electricity, commodity, and other energy markets using MATLAB or compatible programming tools based on parameters and methodologies in coordination with the Statistician, external consultants, and/or management;
  • Develop, clean, and maintain datasets and databases;
  • Execute and modify quantitative models and run sensitivities;
  • Produce presentations data visualization, analyses, memos, reports, and other deliverables.
Qualifications
  • Possess a Bachelor’s degree in Computer Science, Statistics, Computational Finance, Economics, Mathematics, Engineering, or other related fields;
  • Knowledge in one or more of the following coding statistical software R, Python, or other similar programs;
  • Knowledge of statistical methodologies (e.g., time series, regression models, and variants thereof) preferred but not required;
  • Knowledge of machine learning methodologies preferred but not required;
  • Ability to learn new programming languages quickly;
    Preference to those with relevant work experience in financial, commodities, or power market forecasting; energy trading teams for power plants and/or experience in other aspects of the power section;
  • Excellent communication and presentation skills;
  • Ability to work under pressure and meet deadlines;
  • Ability to work independently and is a self-motivated learner; and
  • Assertive and results-driven

Regulatory Analyst

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Job Description
  • Conduct research, provide inputs and assist in drafting various position papers in relation to the upsurge in DOE’s issuance of several proposed crucial policies and framwork for the renewable energy industry, contestable markets, audit of energy participants, reserve market and ancillary services;
  • Participate in the drafting of circulars and policy framework as well as attend the public consultations to ensure that said policies will not adversely affect the business of MGEN;
  • Provide inputs and collaborate with the Commercial Team in the Rule Making function of the ERC by assisting in the drafting of MGEN’s position papers;
  • Attend the PubCon to assist the AVP Regulatory in further elaborating MGEN’s position and explain to the Comissioners / hearing officers the implication of the proposed research on ERC filed cases;
  • In collaboration with the AVP Regulatory, recommend to Management if MGEN needs to intervene/oppose said cases that may impact the business;
  • Help maintain relationships with the following stakeholders through constant engagement and meetings;
    • Department of Energy Officials and Technical staff
    • Energy Regulatory Commission
    • Department of Environment and Natural Resources
    • Board of Investments
    • Meralco DU
    • National Grid Corporation of the Philippines
    • Philippine Independent Power Producers Association
    • Retail Electricity Suppliers Association
    • Congress and Senate
    • Host of LGUs of MGEN’s projects
    • Philippine Chamber of Commerce, Inc.
    • Foreign Chambers of Commerce
  • Perform other pertinent tasks that may be assigned from time to time.
Qualifications
  • Bachelor’s or Master’s Degree in Economics, Finance, Engineering, or other related fields;
  • Minimum of 3 years of work experience in energy regulation and with established network within the Philippine Energy Industry;
  • Knowledgeable and familiartity with the Electric Power Industry Reform Act (EPIRA), the Philippine Grid and Distribution Code, the WESM rules, the DOE Policies and ERC Rules related to Energy Market, Retail Competition and Open Access, and the Renewable Energy Act;
  • Excellent verbal and written communication skills;
  • Excellent people skills;
  • Excellent ability in MS Word, Excel, and Powerpoint.

Project Analyst

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Job Description
  • Ensure that the financial models for development or acquisition projects are accurate, and of high quality, reflective of the likely performance of the projects based on key business drivers and assumptions, validated through contracts, internal and external expert review and other reputable sources and references, and consistent with applicable accounting standards and taxation laws;
  • Develop a financial model template that will give insight on a project’s historical and projected financial performance, equity return and dividend yield, and its enterprise value through application of valuation methods such as Discounted Cash Flow (DCF) and other valuation multiples such as Equity Value (EV) / Earnings Before Income Tax Depreciation and Amortization (EBITDA), Book Value (BV) and Price Earnings (PE);
  • Develop the comprehensive data book that will be the basis of the financial model;
  • Assist in the design of the financial model so it will allow for ease of robust sensitivity and scenario analyses and the quantification of the impact on equity return and dividend yield, for example, of key risks such as changes in volume and price, fuel and other cost inputs, interest and exchange rates or delay and cost overruns and financing scenarios;
  • Present financial projections, financial sensitivities and comparable analysis in a clear presentation format to drive the essence of any message through;
  • Work with other analysts to ensure that the financial models are timely and accurately updated based on current macroeconomic conditions and reflect the project economics based on latest commercial agreements;
  • Ensure that the financial models are developed in such a way that can be easily checked for accuracy;
  • Coordinate and interact with management in matters related to the identification of events that have happened or are unfolding and the quantitative and qualitative analyses of their impact on the projects’ financial performance or economic viability.
Qualifications
  • At least a Bachelor’s Degree or quivalent in Finance, Business Administration, Commerce, Accountancy, Engineering, Mathematics, or related areas;
  • MBA or equivalent Masters level degree of CFA / CPA or an equivalent charter will be desirable;
  • Extensive experience in the field of audit or finance with background in the power industry preferred;
  • Minimum of 3 years of work experience in financial modelling, economic analysis, forecasting, budget preparation, asset or business valuation, and/or financial reporting with a thorough understanding of principles and techniques for enterprise valuation, investment and risk management, structuring and project finance;
  • Demonstrate high level of leadership and able to run, drive, and lead financial analysis and tasks independently, and;
  • Strong analytical skills, communication skills, problem solving and structuring skills, implementation, coordination, and processing skills.