Summary
Overview
Work History
Education
Skills
Accomplishments
Affiliations
Timeline
Training
Generic

David J Yi

Katy,TX

Summary

Proven leader in risk management for all energy commodities including power, renewables, natural gas, crude oil and refined products. Adept at risk and credit management with a track record of strategic achievements at NextEra Energy Resources. Spearheaded risk mitigation strategies, enhancing value of over 40 GWs of long-term clean energy agreements. Combines deep market knowledge with an entrepreneurial spirit to drive results and team development. Strategic-thinking individual experienced in turning low-performing organizations into top revenue producers. Offering engaging and pleasant personality with expertise improving customer relationships. Collaborative leader with dedication to partnering with coworkers to promote engaged, empowering work culture. Documented strengths in building and maintaining relationships with diverse range of stakeholders in dynamic, fast-paced settings. Strong leader and problem-solver dedicated to streamlining operations to decrease costs and promote organizational efficiency.

Overview

30
30
years of professional experience

Work History

Director, Credit Risk for Renewables

NextEra Energy Resources LLC
08.2022 - Current
  • Negotiate and recommend credit and liquidity terms for utility scale and Distributed Generation (DG) long-term agreements including wind, solar, battery storage, natural gas and nuclear resources
  • Manage, report and monitor credit and liquidity risk for a portfolio of 40 GWs of operating renewable generation consisting of wind, solar and battery storage resources
  • Improved collaboration with Commercial and Treasury to support the execution of over 30 GWs of long-term clean energy agreements with favorable credit and liquidity terms
  • Developed high-performing teams by providing mentorship, guidance, and opportunities for professional growth.
  • Cultivated a positive work environment that fostered employee engagement, increased retention rates, and boosted overall team morale.
  • Proactively identified potential risks such as wildfire risk and implemented strategies to mitigate default and insolvency risk
  • Actively participate in executive management meetings to advise and serve as SME on credit and liquidity risks for all long-term clean energy agreements
  • Developed a database containing over 80 key data elements to effectively report and manage credit and liquidity risk for both operating and developing parents
  • Advise and support credit and liquidity terms for M&A transactions to regulated and unregulated business segments

Regional Head of Credit

Gunvor USA LLC
05.2018 - 08.2022
  • Expanded market presence with targeted marketing campaigns and strong customer relationship building.
  • Enhanced revenues by leveraging the strong relationships with energy firms through expanding the number of trading counterparties and increasing unsecured credit lines for Gunvor
  • Successfully negotiated favorable credit and liquidity terms for energy trading agreements including ISDA, EEI, NAESB, Master Netting Agreement (MNA), and Master GT&C agreements
  • Improved operational and financial performance for structured agreements including key supplier and aggregator agreements
  • Effectively trained and managed a team of credit professionals to oversee the day-to-day credit and liquidity activities for crude oil, natural gas, refined products, power, biofuels and related products with over 800 active counterparties
  • Developed a collaborative culture, fostering teamwork and open communication throughout the region.
  • Delivered consistent results in challenging markets, adapting strategies to meet changing conditions.
  • Implemented credit risk management software to align and consolidate credit exposure at the parent level


Credit Manager

Motiva Enterprises LLC
05.2016 - 04.2018
  • Established a formal credit department to manage the credit risk of all commodities (crude oil, refined products, base oils) for both the wholesale and retail markets
  • Created and implemented credit policy, credit manuals and desktop procedures
  • Hired and led a team of 15 credit and KYC professionals to manage credit and KYC
  • Developed a robust KYC policy and procedures to ensure compliance with trading counterparties and retail customers
  • Implemented credit risk management system with integration to ETRM (RightAngle) and accounting (SAP) applications
  • Developed Company Master Netting Agreement (MNA)
  • Added over 300 counterparties within a two year period
  • Obtained over $3 billion in unsecured lines of credit for the purchase of crude oil and refined products
  • Effectively worked cross-functionally with commercial, executive management, and other departments to ensure strong collaboration
  • Built a high-performing credit and KYC team with a strong focus on collaboration, accountability and continuous improvement

Consultant

Consulting
09.2014 - 05.2016
  • Consulted for Motiva Enterprises LLC through Deloitte Consulting from 5/2015 - 5/2016
  • Commercial advisor on greenfield power plant development project in Dominican Republic and brownfield power plant in California
  • Advised clients on all commercial aspects of natural gas fired power plant with a stable and reliable source of LNG supply
  • Connected client with appropriate partners including LNG suppliers, LNG facility, power plant design and engineering-procurement-construction (EPC) companies
  • Review and negotiate credit and commercial terms on long-term PPA's as well as LNG tolling agreements

President & Principal

Saja Energy LLC
01.2012 - 01.2014
  • Launched in 2013 as a Minority-owned Business (MBE) integrated energy company engaged in the marketing and trading of natural gas and power throughout the US
  • Responsible for overall business activities, risk management and strategic direction
  • Established strong infrastructure with over 60 master trading agreements, exchange trading platform and a bank line of credit with BNP Paribas

Chief Credit & Risk Officer

Inupiat Energy Marketing, LLC
01.2009 - 01.2012
  • Responsible for risk management, deal structuring, business development as well as accounting and finance
  • Extensive experience in the review and negotiation of energy contracts (NAESB, EEI, ISDA, WSPP)
  • Developed trading and risk management policies for to ensure compliance and appropriate risk mitigation

Chief Risk Officer

Commerce Energy, Inc.
01.2008 - 01.2009
  • Responsible in the areas of risk management, contract administration and liquidity management for a publicly traded retail energy provider (AMEX : EGR)
  • Managed all the risk aspects for over 250,000 residential and commercial and industrial (C&I) customers
  • Managed Var and Position limits across the entire organization
  • Developed and implemented new policies for commodity procurement resulting in stronger risk mitigation
  • Reviewed and negotiated master agreements and long-term contracts
  • Added and managed risk and credit professionals to properly administer contracts and perform duties in the areas of position and exposure reporting, financial modeling and margining
  • Maximized liquidity and cash flow by increasing the number of counterparties and unsecured lines of credit
  • Successfully turned around and sold Commerce Energy with other executive management and fulfilled all obligations to our banks and creditors while providing remaining value to our shareholders

Director, Accounting & Risk Control

Pacific Summit Energy LLC (sub of Sumitomo Corporation)
01.2007 - 01.2008
  • Managed accounting, contract administration and risk control departments for both wholesale and retail counterparties in natural gas and power trading
  • Implemented risk management policies and ensured compliance to trading policies related to Var, PnL and position limits
  • Played a key role with executive management in strategic planning and business development to increase sales
  • Reviewed and negotiated contracts (NAESB, EEI, WSPP and ISDA)

Manager, Credit & Collateral

Southern California Edison
01.2005 - 01.2007
  • Responsible for a staff of credit professionals to manage the short-term and long-term wholesale power and gas procurement including contract negotiation, collateral management, exposure reporting and default remedies
  • Made credit recommendations to Risk Management Committee consisting of CEO, President, CFO and Lead Counsel
  • Negotiated and managed credit and collateral terms for long-term solicitations for new power generation, natural gas and renewable energy PPA's

Chief Credit & Financial Officer

Cook Inlet Energy Supply
01.1993 - 01.2003
  • Responsible for a staff of 10 risk and 15 accounting professionals to manage all gas marketing risk, credit and back office functions
  • Developed and implemented risk management policies and ensured compliance to trading policies related to Var, PnL and position limits
  • Managed annual audit and tax filing with auditors, PriceWaterhouse Coopers
  • Successfully navigated through several energy bankruptcies including PG&E, Enron and Mirant with no PnL and credit losses
  • Reviewed and negotiated contracts (NAESB and ISDA) Strengthened company's business by playing a key role in the strategic growth and business development
  • Spearheaded sales and use tax audit performed by the state of New Mexico and avoided any tax consequence

Education

MBA - Business Administration

Rice University
Houston, TX
03.2025

Bachelor of Arts - Business Economics

University of California, Los Angeles
Los Angeles, CA
06.1995

Skills

  • Energy commodities expertise

  • Credit and liquidity risk expertise

  • Project management

  • Profit and loss management

  • Operations management

  • Risk mitigation expertise

  • Wholesale and retail energy expertise

  • Strategic planning

  • Performance-focused leader

  • Team management and development

  • Value-at-Risk (VaR)

  • Exceptional interpersonal communication

Accomplishments

  • President, IECA 2004
  • Vice President, IECA 2001-2003
  • Board of Directors, IECA 1998 - 2000
  • Chairman of Membership, Sustainability Committee, IECA 2020
  • Vice Char, Asian Division,IECA 2019
  • Vice Char, Professionals for Diversity and Inclusion Group (PDIG), IECA 2018
  • Member, Board of Directors, Asian Chamber of Commerce 2015-2017
  • Member, Advisory, Nominations and Elections, IECA 2014
  • Emerging Entrepreneur of the Year, Asian Chamber of Commerce 2014
  • Chairman of Advisory, Nominations and Elections, IECA 2005

Affiliations

  • International Energy Credit Association (IECA), 1995 - Present
  • National Petroleum Energy Credit Association (NPECA), 2015 - 2018
  • Youth group teacher and deacon at Korean Central Presbyterian Church of Houston (KPCPH), 2013 - 2018
  • Asian Chamber of Commerce 2014 - 2016
  • North American Power Credit Organization (NAPCO), 2007 - 2015
  • National Council of Minorities in Energy 2013 - 2015

Timeline

Director, Credit Risk for Renewables

NextEra Energy Resources LLC
08.2022 - Current

Regional Head of Credit

Gunvor USA LLC
05.2018 - 08.2022

Credit Manager

Motiva Enterprises LLC
05.2016 - 04.2018

Consultant

Consulting
09.2014 - 05.2016

President & Principal

Saja Energy LLC
01.2012 - 01.2014

Chief Credit & Risk Officer

Inupiat Energy Marketing, LLC
01.2009 - 01.2012

Chief Risk Officer

Commerce Energy, Inc.
01.2008 - 01.2009

Director, Accounting & Risk Control

Pacific Summit Energy LLC (sub of Sumitomo Corporation)
01.2007 - 01.2008

Manager, Credit & Collateral

Southern California Edison
01.2005 - 01.2007

Chief Credit & Financial Officer

Cook Inlet Energy Supply
01.1993 - 01.2003

Bachelor of Arts - Business Economics

University of California, Los Angeles

MBA - Business Administration

Rice University

Training

Minority Business Entrepreneurs Program ("MBEP"), Amos Tuck School of Business at Dartmouth College

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