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Sr Asset Manager / Trader

Company:
Optimus - People. Solutions. Delivered.
Location:
Houston, TX
Posted:
May 09, 2024
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Description:

A key Optimus power generation client located in downtown Houston needs a Sr. Commercial Asset Manager/Trader with a Northeast focus, to support optimization of their physical power generation asset portfolio.

Qualified candidates please send your resume to .

Essential Functions

Manage the daily Day-Ahead bidding, the cash month and term strategy, and execute trades on behalf of natural gas-fired, oil, and renewable facilities power generation assets based on changing market conditions.

Responsible for assigned assets PnL.

Hedge, or direct the execution of hedges, for assets within established authority limits while actively managing credit and cash commitments per the Risk Management Policies governing the assigned assets.

Work with plant operations, third-party energy managers, and fuel suppliers (intraday gas procurement) for optimal asset trading and optimization.

Develop expert knowledge of asset contracts and provide for proper supervision and optimization of contractual commercial rights and responsibilities.

Understand and adhere to all tariffs, market conduct rules, market protocols and procedures.

Formulate short and long-term market views and forecast power, fuel, and emissions prices to optimize asset trading and hedging decisions.

Lead and/or sponsor strategic initiatives for assigned assets, prepare and present to senior leadership.

Collaborate on M&A and Development strategies related to potential transactions.

Perform other duties and tasks as assigned.

Requirements

Bachelor's degree in Finance, Business, Economics, Engineering, Mathematics, Science or other quantitative field (Masters preferred)

Database expertise (proficiency in Excel).

Prior experience working with conventional or renewable generation assets in a commercial operations/asset trading role.

Knowledge of US natural gas, electric, and emissions markets, including supply and demand, market structure, and regulatory fundamentals.

Understand power and gas market nuances that impact individual generation assets and the overall general portfolio.

Manage the PnL of conventional or renewable generation assets in a commercial operations/asset trading role.

Strong understanding and knowledge of PJM (preferred), but ISO-NE, NYISO, MISO also valuable.

Experience with power trading, power generation, hedge strategy development for natural gas-fired generation assets, and natural gas markets

Proficient knowledge of commodity risk management analysis. Proficient knowledge of commodity risk management analysis.

Entrepreneurial spirit and ability to get things done under pressure.

Desire to work in team-oriented culture.

Ability to get things done under the pressure of multiple deadlines.

Business Acumen.

Strong Verbal and Written communication skills.

Ethical Conduct.

Discretion and Confidentiality. Proficient knowledge of commodity risk management analysis.

Skills in data analysis, advanced Excel, VBA, PowerPoint, and SQL. Experience with Python, R, MATLAB, C/C#/C++, or JAVA is a plus.

Per our client's specifications, candidates are required to be US Citizens, Green Card holders, or independently authorized to work in the US . We are unable to provide H1 visa sponsorship at this time.

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