Originator

About the Role

Role type: Permanent | Location: Milano | Model: Hybrid | Level of travels: 50%

Our Company

Alpiq is one of Switzerland’s leading electricity producers and a key energy services provider across Europe. Headquartered in Lausanne and powered by a strong portfolio of hydropower, nuclear, and renewable energy sources, we’re all about impact, for the climate, for people, and for the security of supply.More than 1,300 colleagues from nearly 60 nationalities bring their energy to a shared purpose: Together for a better climate and an improved security of supply.We work in a values-driven culture shaped by trust, curiosity, and respect. Our 4 company values have been co-created with our employees and are embedded in everything we do as a company:“We are ALP1Q “- reflects our team spirit“We learn and grow together” - we have courage“We share the steering wheel” - we take ownership“We focus on the outcome” - your impact mattersAt Alpiq, your energy matters!

Mission

Alpiq is one of Switzerland’s leading electricity producers and a key energy services provider across Europe. Headquartered in Lausanne and powered by as a strong portfolio of hydropower, nuclear, and renewable energy sources, we’re all about impact, for the climate, for people, and for the security of supply. More than 1,300 colleagues from different from 60 nationalities bring their energy to a shared purpose: Together for a better climate and an improved security of supply. As an Originator, you drive the development and execution of long term commercial transactions in the Italian energy market, spanning physical and virtual PPAs to structured supply and asset linked solutions. The role combines market insight, commercial creativity and analytical rigor to identify value accretive opportunities that expand Alpiq’s portfolio and support clients on their decarbonization journey. Success requires close collaboration with Structured Trading, Risk, Legal and central teams to ensure pricing, sound valuation and hedging alignment, ultimately contributing to the long term risk adjusted PnL of the Italian business.

Your main responsibilities

• Originate and structure physical and virtual PPAs, long term hedges, and structured transactions, ensuring commercial competitiveness, value creation and alignment with Alpiq’s risk appetite.
• Drive and support commercial and contractual negotiations with clients, producers and counterparties, coordinating closely with the Legal team to ensure robust and compliant contractual frameworks.
• Provide market insights, quantitative valuations and structured business cases to support internal decision making and strengthen transaction value and feasibility.
• Identify and originate opportunities linked to decarbonization, renewable attributes and sustainability driven products, working with portfolio growth and customer value.
• Support the development and improvement of products, procedures and processes that enhance the PPA and hedging business and improve execution quality and efficiency.
• Collaborate with Structured Trading to ensure coherent pricing, calculations, and hedging consistency, providing commercial insight and strategic thinking.
• Coordinate with Risk, Credit, Treasury, Finance and other corporate functions to ensure proper governance, risk assessment and completion of the required internal approval processes.
• Ensure timely and transparent communication of deal pipeline, commercial progress and key risks, reporting more directly to the Head of Origination Italy.
• Contribute to value-accretive long-term transactions that strengthen Alpi’s Italian commercial portfolio.
• Develop trusted relationships with key producers, large consumers, and market counterparties, ensuring a sustained origination pipeline.
• Enhance coordination with Structured Trading, Legal, and Risk, strengthening the quality of deal execution.
• Support the development of innovative sustainability and decarbonization-focused products.
• Contribute to the long-term risk-adjusted profitability (PnL) of the Italian structured portfolio through investment in disciplined pricing, structuring, and positioning.

Your profile

• 5+ years of experience in origination, structured energy trading, or business development.
• Strong experience with physical and virtual PPA structures, including pricing, valuation, and negotiation.
• Familiarity with EFET and long-term structured contract frameworks.
• Solid understanding of the Italian power market.
• Strong creativity and strategic thinking, with the ability to identify new opportunities.
• Analytical skills to build valuations and business cases.
• Native-level Italian and excellent English (written and spoken).
• Experience with sustainability-related schemes.
• Understanding of regulatory, market, and credit risk principles.
• Strong ability to collaborate effectively across multiple internal functions.

Disclaimer: Please note that applications submitted by agencies or third-party recruiters will not be considered unless the agency is part of our Preferred Supplier List (PSL).

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Inclusion is at the heart of Alpiq

At Alpiq, we are committed to creating an inclusive work environment, where everyone can bring their ‘whole selves’ to work and feel valued, respected, and heard. This principle is central to our company’s purpose, values, and leadership approach. We strongly believe that organizations thrive through the inclusion of diversity. Everyone’s energy matters regardless of characteristics, such as age, gender, nationality, language, sexual orientation and identity, religion, social or ethnic background.

Data protection

At Alpiq, data privacy is an important topic. Please therefore take note of the corresponding Privacy Notice that appears in the online application form and explains the purpose for which we process your personal data. It is of great concern to us to inform you as transparently as possible.

Your benefits

• Competitive salary package: Market-oriented salary
• Training and development: Diverse opportunities for career growth
• Flexible work models: Various flexible work models