Senior Commercial Asset Manager / Senior Asset Trader (Power Generation Portfolio)

Houston, TX 77002

Posted: 11/28/2023 Industry: Energy-Front Office Job Number: 1763

Job Description

An international power & gas company in Houston seeks a Senior Commercial Asset Trader to support asset trading for generation assets primarily in the PJM, ISO-NE, NYISO, MISO, and ERCOT markets. The Commercial Operations team is a small, collaborative team responsible for optimizing power generation and maximizing profitability margins.

Responsibilities include a combination of analytics to support commercial decisions and asset management/trading: 
  • Work with plant operations, third-party energy managers, and fuel suppliers (intraday gas procurement) for optimal asset trading and optimization.
  • Follow the daily physical/financial power markets. Research market prices, energy markets, capacity markets, emissions/REC markets, and regulatory developments. Identify key market drivers and data points.
  • Formulate short and long-term market views and forecast power prices to optimize asset trading and hedging decisions.
  • Understand power market nuances that impact individual generation assets and the overall general portfolio.
  •  Support for the daily Day-Ahead bidding strategy and trade execution of power generation for natural gas-fired facilities in PJM, ISO-NE, and NYISO based on market conditions and the company’s market views.
  • Daily monitoring and reporting on the power plant activity. 
  •  Developing processes/systems to support front-office operations required to optimize generation assets. Working across internal teams (front, middle, and back-office) to ensure transactions are captured in the third-party Risk Management (ETRM), Logistics, Finance, and Accounting Systems.
  •  Reporting on key commercial and operational metrics on generation portfolio.
  • Review and manage project contract obligations. 
  • Undertake ad hoc tasks, including preparing commercial operations presentations. 
Educational and Professional Requirements:
  • Bachelor’s degree in business, economics, finance, or a related field.
  • Prior experience working with conventional or renewable generation assets in a commercial operations/asset trading role. 
  • Strong understanding and knowledge of the LMP-based wholesale power market with PJM (ideally), ISO-NE, NYISO, MISO, and/or ERCOT.
  • Experience with power trading, power generation, hedge strategy development for natural gas-fired generation assets, and natural gas markets. 
  • Exposure to renewable energy generation (wind, solar, and battery storage).
  • Knowledge and experience with dispatch models is a plus.
  • Proficient knowledge of commodity risk management analysis.
  • Advanced skills in data analysis, advanced Excel, VBA, PowerPoint, and SQL. Experience with Python, R, MATLAB, C/C#/C++, or JAVA is a plus. 
Employees work for a few days in the office and a few days remotely.

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