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Revised as of Tuesday, February 11, 2020 07:02 AM

 

Real Time Trader I
Location: Bismarck, ND

Position Purpose:
This position works independently to meet hourly system load requirements through a prescribed strategy of optimized dispatch of the Cooperative’s generating assets and the skillful negotiation of sales and purchases of wholesale power. The incumbent creates hourly deals, records accurate settlements, and monitors and adjusts short- and long-term transactions. The incumbent resolves scheduling issues due to transmission limitations, will obtain crucial transmission, and will monitor and understand market fundamentals. This position is identified as a Critical Infrastructure Protection (CIP) related position which may allow physical and/or logical access to Bulk Electric System (BES) cyber related assets or systems.

Qualifications:
To perform effectively in this position, the incumbent must have an in-depth knowledge of business practices and procedures and a technical knowledge in a wide range of business functions, an understanding of power generation, transmission systems, control area operations, marketing pools, natural gas markets, and economic principles at a level acquired from a four-year degree in Business Administration, Finance, Economics, Mathematics, or an Engineering Accreditation Commission/Accreditation Board for Engineering and Technology (EAC/ABET) accredited Engineering program; or a high school diploma or equivalent (GED or HSED) and four years of related trading or physical power trading experience. Shift work, including overnight shifts throughout the month. NERC system operator certification may be required and maintained in good standing while performing the requirements of this position. The ability to demonstrate good verbal and written communication skills and strong negotiation skills are required. This position requires the ability to effectively make decisions using initiative and creativity to meet immediate deadlines.

Applicants interested in this opening should go to https://www.basinelectric.com to apply.

Basin Electric is an Equal Employment Opportunity Employer regarding Minorities, Females, Protected Veterans and Individuals with disabilities.

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ACES provides a broad suite of energy trading and risk management services. ACES has the following exciting opportunities available.

 

Trader
Location: Carmel IN

This position will participate and support the scheduling and trading teams’ efforts regarding all aspects of the ACES customer’s portfolio optimization. Responsibilities will include the areas of trade strategy development, native load support, transaction execution, energy scheduling, as well as, load management and transmission purchases. The processes and procedures surrounding this environment will be reviewed, developed and supported by this position. 

 

Required Qualifications:

  • Candidate should possess a college degree in an appropriate discipline with direct experience in the physical and/or financial wholesale energy trading marketplace

  • At least 2 years of experience

  • Knowledge of various structured markets and bilateral physical markets

  • Direct experience at buying and selling energy commodities, including energy both physical and financial, ancillary services, displacement programs and a basic understanding of capacity, basis swaps, and transmission related products (FTR, ARR, CRR, TCR) available within the ISO/RTO’s (ERCOT, SPP, CAISO, PJM, MISO).

  • Demonstrated skills in deal origination and price negotiation within the wholesale energy markets.

  • Proven experience with short term portfolio optimization models and capable of demonstrating the fundamental understanding of model results to applied trading strategies.

  • Ability to develop and maintain a strong network of marketing and trading counter parties.

  • Working knowledge of risk management including risk mitigation fundamentals.

  • Demonstrated knowledge of the operating procedures and requirements within the various power pools, ISO’s and RTO’s and interconnected regions as defined by (NERC).

  • Competence with mathematics, commercial marketing, fuels conversion and technical concepts.

  • Understanding of energy hedging and portfolio management concepts and instruments.

  • High degree of analytical, problem solving and conceptual skills.

  • Effective written skills that will be applied to writing recommendations to clients and internal reports to upper management.  Effective oral communication skills that will be applied to presenting recommendations to ACES clients.

  • Proficient with computers and Microsoft products such as Excel, Word and Outlook.

  • Series 3, National Commodity Futures Examination, qualified in past 2 years OR will sit for the Series 3 after hired.

 

Responsibilities:

  • Candidate will be responsible for providing support in the optimization of the ACES member/customer portfolios within the ACES trading team, including strategy development, energy trading, load forecasting, creating and submitting validated generation offers and demand bids to the various ISO/RTO’s

  • Required to provide written reports and recommendations as needed for internal/external purposes.

  • Daily support for the trading floor operations, including but not limited to, transaction execution, energy scheduling, SCADA Management and DSM Coordination, support of the development of analytical tools designed to optimize member/customers portfolios, support of after-the-fact analysis and translate results to member/customers.

  • Coordinates with the ACES trading management and Senior Traders in the development of processes and procedures directly relating to transaction execution and energy scheduling. 

  • Assists the Operations Managers in the coordination of real-time operational strategies, including the execution and scheduling of energy transactions, updating of generation offer curves, determination of gas volumes to be transacted, and load reduction programs.

  • Assists the ACES trading management with staff development, including hiring support and associated staff training as necessary.

  • Assists in the procurement and dissemination of market intelligence and data within the front office of ACES, including the origination, term and real-time trading teams.

  • Proactively interfaces with other trading support areas of ACES, including Trading Controls, Marketing / Structuring, Contracts and Credit.

  • Work group involvement and meeting attendance on aspects relevant to the ACES front office will be expected.

  • Remain current with developments within the ISO/RTO’s through interaction with the ACES regulatory group, protocol revision process, and ISO/RTO software updates.

  • Position to be assigned to a “Day Shift” schedule, during the normal business week. It may however be required of them to work in a rotational shift capacity, from time to time, based on the operational needs of the business.

  • Will adhere to all ACES corporate policies and comply with all ACES regulatory requirements, including but not limited to NERC, FERC, and relevant state regulations, as applicable to this position.

  • Any additional responsibilities assigned by management.

     

TO READ FULL JOB DESCRIPTIONS & APPLY:
https://www.acespower.com/careers/

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SaltHill Group is searching for qualified candidates to fill several open positions with our clients including global energy companies, oil & gas majors, hedge funds, I-Banks, IPPs, proprietary trading firms, utilities, retail energy providers, and market research firms.  We work with companies nationwide.  Sample open positions include:

  • FTR/CRR Traders, Position #1

  • Junior East (MISO, PJM) Congestion Trader, Position #2

  • Lead Transmission Analyst (Generation Focus), Position #3

  • Renewable Transmission Analytics Lead, Position #4

  • PJM Power Fundamentals Manager, Position #5

  • Renewable Power Fundamental Lead Analyst, Position #6

  • Commodities Quantitative Structurer (Power Focus), Position #7

  • Senior Quantitative Analyst, Position #8

  • Energy Trading Quantitative Analyst, Position #9

  • Senior Power Accountant, Position #10

  • Power Settlements Analyst, Position #11

For information on these open positions, please contact chynes@salthillgroup.com by e-mail and visit our website www.salthillgroup.com/candidates/opportunities/.

SaltHill Group
191 North Wacker Drive, Suite 2300
Chicago, Illinois 60606
chynes@salthillgroup.com
Phone 312-422-1392  

Position #1: FTR/CRR Traders – CaISO, ERCOT, MISO, NY, NE, Ontario, PJM or SPP Focus
Position trades in monthly, quarterly and annual auctions.  Required: advanced degree (PhD or master’s required, power engineering preferred), strong fundamental market knowledge, strong modeling and programming skills (power system economics, power flow and dispatch models), and prior profitable trading record trading FTRs/CRRs in a hedging or speculative trading environment.

Position #2: Junior East (MISO, PJM) Congestion Trader
Position reports to the Head of East Trading who has a speculative and customer-focused business that provides hedges to customers. This position is the point-person for nodal activity in MISO and PJM (including ARRs/FTRs) and works with the directional traders. This position is responsible for modeling the grid by running power flow models and doing transmission/congestion analysis for both speculative trading and customer hedges at the node level. Furthermore, it is actively involved with developing a fundamental view, helping identify the risks, identifying targeted pricing at the nodes and developing trade strategies in MISO and PJM. Required: a Master’s degree in Electrical Engineering (power systems focus) with 1-5 years’ experience in transmission planning, power engineering or congestion analysis at a utility, IPP, power trading firm, power research firm or ISO; expert knowledge in the market rules of MISO, MISO FTRs and ARRs or with PJM, PJM FTRs and ARRs; power fundamental modeling skills; and experience using UPLAN, PowerWorld, Dayzer, PROMOD or PSSE. Advanced technology skills desired for data mining purposes and building trading tools.

Position #3: Lead Transmission Analyst (Generation Focus)
Position is responsible for managing the financial and physical transmission congestion risks for a power generation company supporting its FTR team in the PJM and MISO markets. The position uses both data mining and fundamental analysis techniques to support trading decisions in the long-term and monthly FTR auctions, and in Day Ahead and Real Time markets. It also is involved in speculative basis trades in the term and cash markets.  Responsibilities include transmission and congestion research, analysis and forecasting; strategy development in the PJM and MISO FTR auctions; price risk analysis and forecasting; analysis of the electric grid performance in the short- and long-term; production cost, power system and other market simulation modeling for power and FTR trading; and quantitative development of models and trading tools. Required: bachelor’s degree in electrical engineering (power systems focus) with 5+ years’ experience at a utility, IPP, power trading firm, power research firm or ISO as a FTR trader, transmission planning engineer or a congestion analyst with an expertise in the market rules of PJM or MISO (PJM preferred); strong modeling and programming skills; power flow analysis and production cost/dispatch modeling skills using PowerWorld, PSSE, DAYZER, UPLAN,  PROMOD, PSO or PLEXOS, etc.; and programming skills (VBA, Python, R, or C++).

Position #4: Renewable Transmission Analytics Lead
Position focuses on assessing solar/storage sites for greenfield and acquisition across the U.S. Responsibilities include analyzing transmission systems, congestion and basis risk for development opportunities; developing and analyzing power flow models across different geographic/ISO areas; conducting interconnection studies to determine optimal location for new solar/storage generation projects; negotiating interconnection agreements and managing the interconnection process for projects; interacting with key internal stakeholders (Origination, Development, Market Analytics, Project Finance etc.) to select optimal sites for projects; and interacting with ISOs and utilities to understand congestion and grid dynamics (utility expansion plans, conventional generation retirements and private transmission projects) related to greenfield and acquisition opportunities. Required: a bachelor's degree in Electrical Engineering (Power Systems focus) with a Masters preferred; minimum of 10 years' experience developing solar and/or battery storage projects; experience with transmission planning and interconnection processes; strong knowledge of the electric transmission grid across multiple ISOs and Transmission Owners across the U.S.; experience using large-scale transmission system model/commercial software tools; programming skills in in Excel, VBA Python, R, Matlab, Access, etc.; and strong communication skills.

Position #5: PJM Power Fundamentals Manager
Position develops and identifies fundamental drivers for the PJM power market that are used by traders (commercial decision-making and trade ideas) and corporate (strategy, capital projects, M&A). Responsibilities include preparing fundamental research and building supply and demand models (day-ahead out 5 years); tracking market rule changes, infrastructure changes and near-term demand and fuel prices; providing a forward view on generation, transmission, load and impact to power prices and heat rates; providing short-term power price forecasts and market drivers; developing stack models; identifying market inefficiencies, price opportunities and strategies for the traders; undertaking capacity market fundamentals to support bidding activity; and developing trader tools. Required: bachelor’s degree in a quantitative field (advanced degree is a plus); 5+ years’ professional experience with the North American power markets in a power trading commercial environment; experience analyzing the Cash and Term power markets; strong modeling/programming skills; an understanding of North American power supply/demand and infrastructure fundamentals; proven ability to build analytical trading tools; and ability to think commercially with strong communication skills. The candidate must have market knowledge in PJM; and experience with PSO, PROMOD, Aurora, GE-MAPS, or similar.

Position #6: Renewable Power Fundamental Lead Analyst
Position is primarily focused on understanding the underlying fundamentals of the renewable and power markets with a focus on solar and battery storage space. This position is part of small/collaborative team that will be directly involved with getting projects off the ground. Key responsibilities include undertaking fundamental modeling of the U.S. renewable markets; understanding market dynamics of generation supply/demand assumptions of solar and battery storage; modeling Storage and dispatchability of storage impact into the markets; working with Project Finance to ensure assumptions and market scenarios are properly assessed in financial economic model; working with the Transmission and broader Commercial Operations Teams to ensure market dynamic assumptions are captured in transmission models; developing a database for core ISO/Utility regions to capture and track generation supply build, demand assumptions, historical congestion points and patterns. queue positions (generation), and competitor intelligence on queue projects; and ensuring close alignment and interaction with sales organization to ensure market intelligence and information is flowing to and from all Commercial Teams. Required: bachelor's degree in Statistics, Mathematics, Engineering, Economics, Finance, Operations Research or related discipline; 5-7 years of power and renewable industry analytical experience; experience modeling solar/battery storage supply and demand; experience with fundamental models such as Aurora, Prosym, Promod or Polaris System Optimizer (PSO); strong programming/technology skills in Excel, VBA Python, R, Matlab, Access, etc.;  and strong communication skills. Position may be filled at a Lead Analyst or Manager title depending on candidate qualifications.

Position #7: Commodities Quantitative Structurer (Power Focus)
Position is part of the commercial team and works directly with the originators, traders, quants and customers to undertake power structuring activities and put together competitive deals and products. Key responsibilities include 1) designing complex valuation and price models for structured products including tolling agreements, full requirements / load-following deals, PPA agreements, shaped products, revenue puts, swaptions, weather contingent derivative products, basket options, heat rate options, RECs and other physical/financial/derivatives and 2) ongoing modeling enhancements and backtesting to the pricing engine. Required: PhD in a quantitative field (mathematics, engineering, physics, statistics, etc.); 1-5 years' professional experience in a power or gas quantitative role (required) and ideally with prior experience pricing and structuring complex transactions (exotic options, bespoke structures) or experience with model development and backtesting; strong understanding of embedded optionality and drivers; and experience with coding is required.

Position #8: Senior Quantitative Analyst
Position provides generation modeling, asset valuation, hedging, and portfolio and margin analysis of power assets. Key analytic responsibilities include dispatch modeling of generation assets and complex transactions; margin analysis of generation portfolio; hedging, sensitivity and scenario analyses of the portfolio; quantifying portfolio market, credit and liquidity risks; managing pricing process, price curve work and valuation of new commodity products and locations; validation of trader marks versus broker quotes; providing portfolio reporting and developing trading analytical tools for the commercial trading operations and risk teams; and project work around upgrading dispatch, valuation and risk models and systems. Required: a Bachelor’s degree in Math, Statistics, Computer Science or a quantitative field; 5+ years of energy modeling and valuations at a utility, IPP or energy consulting firm; understanding of derivative (options) pricing models and risk metrics including GMAR, VAR, PFE; experience with time series analysis, stochastic analysis, Monte Carlo simulations and probability/statistics methods; and proficiency with C++,C#, VBA, SQL, SAS or other coding language.

Position #9: Energy Trading Quantitative Analyst
Position is part of a power trading team across all the US ISO markets. The team trades in the nodal and ICE/OTC power markets. The primary purpose of this position is to use financial engineering techniques with their existing fundamental analytics to drive trading strategy and commercial decisions. Key responsibilities are to identify trade signals in the power data (price patterns, generation, congestion, load) using statistical analysis (time series, regression and machine learning techniques) and portfolio construction and optimization skills. Required: an advanced degree (Masters or PhD) in a quantitative field (financial engineering, math, statistics, etc.); 3+ years of front-office quantitative experience in a trading environment (financial or energy markets) with a focus on working with Big Data and trading signal generation; and strong programming skills, with Python and SQL preferred.

Position #10: Senior Power Accountant
Position supports power trading operations in the ERCOT and CaISO markets. Responsibilities include maintaining the general ledger (reconciliations, journal entries, accruals, etc.); assisting in the preparation of financial statements, forecasts and management reports; performing variance analysis for revenue and expenses; analyzing cash flows; working closely with Settlements on invoicing of counterparties; identifying and implementing process improvements; and interacting with international office in Mexico. Required: a bachelor’s degree in Accounting (CPA preferred); 7+ years’ experience in power corporate accounting; experience with CaISO and ERCOT markets (preferred but other ISOs will be considered); experience with Carbon GHG accounting (a plus); strong Excel skills; experience with Adapt2 (a plus); and fluency in Spanish (a plus).

Position #11: Power Settlements Analyst
Position is focused primarily on the ERCOT and CaISO markets. Responsibilities include daily, weekly and monthly settlement and reconciliation of transactions within the ERCOT and CaISO markets, as well as management of non-standard transactions; reconciliation of trade system to PnL to ensure accuracy of accounting records; invoicing of counterparties and paying monthly invoices; performing monthly checkout with bilateral counterparties; collaboration with internal groups to ensure all transactions, profit and loss, and third-party settlements are represented accurately in the trading and accounting systems; performing month end close accounting entries and account reconciliation; communication with front-office traders and originators to understand commercial transactions; resolving tag cuts with counterparties; submitting annual GHG Carbon allocation reports; management reporting and assisting with external auditors; process improvements/implementation, training and complex settlements; and interacting with international office in Mexico. Required: a bachelor’s degree in Accounting or related field; 3+ years’ experience in physical power settlements; experience with CaISO and ERCOT markets (preferred but other ISOs will be considered); experience with Carbon GHG accounting (a plus); strong Excel skills; experience with Adapt2 (a plus); and fluency in Spanish (a plus).

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