You are currently viewing Energy Term Trader

Energy Term Trader

  • Full Time
  • Wenatchee, Wash.
  • Salary: $100,240 - $150,900 per year
  • Posting End Date: August 31, 2021

Website Chelan County PUD

Wage or Salary:
$100,240 - $150,900 per year

LIVE, WORK AND PLAY!

Chelan County PUD is located in the geographical center of Washington State at the confluence of the Columbia and Wenatchee rivers. A public power leader, the complex and progressive nature of PUD operations offer a unique mix of challenges and opportunities.

We rely on the mighty Columbia River for much of our hydropower generation and we’re proud to take a leadership role in environmental stewardship as related to this great river system. Each year we dedicate millions of dollars and thousands of work hours to protect and enhance fish, wildlife and plant ecosystems. As part of hydropower operations, we’ve also built 14 parks that serve more than 3 million visitors each year.

Rated by Forbes in 2017 and 2019 as one of the top 25 places to retire, Wenatchee is a recreational paradise with an abundance of adventure. The natural scenic beauty of the Wenatchee Valley provides a vivid backdrop to its thriving economy, where the quality of life is high and the climate is moderate with four distinct seasons, including more than 200 days of sunshine!

We are a small town to some and big city to others. We invest in our children and believe that education is the key to our future success.

We live a life of abundant choices and enjoy water sports on the Wenatchee and Columbia rivers, hiking, biking, rock climbing and unlimited golfing. Downhill and cross-country skiing are just minutes away. The area is also known for producing quality wines.

Consider Chelan PUD as a career choice today! The community is waiting for you.

Chelan PUD is an Affirmative Action/Equal Opportunity Employer and values diversity at all levels of its workforce. M/F/Vet/Disabled

APPLICATION MATERIALS

Applicants are required to submit a combined cover letter and resume in one document.

Please provide a cover letter in which you describe your experience in power trading, developing structured energy products, and/or energy modeling/quantitative analysis.. Incomplete materials will not be considered.

To expedite the application process, combine your cover letter and resume into one PDF or WORD document before applying and upload electronically when requested in the online application process.

This position is OPEN UNTIL FILLED and applicants are encouraged to apply immediately.

Interested parties are also invited to contact Human Resources at joblist@chelanpud.org to discuss the position.

SALARY RANGE

In addition to a competitive starting salary range of $100,240-$125,300 (Energy Term Trader) or $113,175-$150,900 (Program Manager level) based on qualifications, skills and abilities, Chelan PUD employees also enjoy outstanding benefits which include the option of a zero cost medical plan (medical, dental and vision for all eligible dependents), short and long-term disability, Washington State Public Employee’s Retirement System, Deferred Compensation (with company matching funds up to 5%), 11 holidays and initial personal leave accrual at 21 days per year.

Introductory Period: New employees holding regular positions must complete an introductory period of twelve months.

JOB POSTING

This position will be filled at either the individual contributor level or program manager level, contingent upon the selected candidate’s experience and knowledge, skills, and abilities.

JOB PURPOSE: The Energy Term Trader buys and sells energy within the guidelines of the District’s hedging strategy, analyzes energy supply/demand, models and forecasts surplus power availability/shortfalls and monitors variables influencing power prices, availability, and reliability.

The Program Manager, Energy Trading & Asset Optimization oversees forward trading strategy development and resource optimization and functions as the primary term energy trader for the District. Key responsibilities include leading the evaluation and development of pricing structures for energy products and optimizing the District’s asset portfolio through risk and operations modeling, contributing to new market and trading decision making, analyzing, and evaluating complex energy transactions and negotiating and executing transactions in accordance with the District’s risk management and credit policies.

Energy Term Trader

% of Time Job Functions

1. 50% Energy Trading: Buys and sells energy up to 5 years forward in compliance with District hedging strategy guidelines. Functions as the primary term energy trader for the District. Determines pricing and volume of purchase and sale transactions to optimize the portfolio of District resources.

2. 25% Transaction Analysis: Analyzes variables influencing energy prices, availability, and reliability. Monitors current market conditions and develops recommendations to capitalize on market opportunities. Evaluates complex energy transactions to ensure energy price, counterparty, and contractual terms are favorable to, and consistent with District risk management guidelines.

3. 20% Forecasting & Modeling: Develops models and tools to forecast generation power supply and load requirements. Tracks snowpack and precipitation levels to prepare stream flow forecasts. Creates resource forecasts to support deal structuring and pricing decisions. Analyzes system and market conditions and estimates surplus sales revenue.

4. 5% Marketing: Develops and maintains marketing relationships. Occasionally conducts sales calls and visits. Provides information to prospective counterparties, soliciting input on process and product desires from prospective counterparties.

5. Ongoing: Maintain regular and predictable attendance. Perform related duties and responsibilities as required. Complete all required training. Maintain a working knowledge and comply with District safety procedures and specific safety requirements of this position, and those in accordance with applicable provisions of the Revised Code of Washington (RCW) and Washington Administrative Code (WAC).

Program Manager, Energy Trading & Asset Optimization

% of Time Job Functions

1. 25% Strategy & Optimization: Manages forward trading strategy development and optimization and structuring of assets. Coordinates within the District to gather and analyze data and develop and implement appropriate forward trading strategies. Ensures appropriate consideration of environmental attributes and energy services, and alignment to District strategic goals. Ensures compliance with risk policy, recommending changes, if needed.

2. 25% Deal Structuring & Market Development: Manages deal structuring for any combination of energy products such as slice products, block sales, ancillary products, and environmental attributes. Analysis may involve alternative energy resources and/or transmission products and services. Monitors external market developments and reports to Sr. Management.

3. 25% Modeling: Leads the development and implementation of risk modeling for the front office in assessing market risks. Responsible for overseeing the development of models to assess and price the risks inherent in the transactions of marketers and traders. Responsible for managing the identification, analyses, and desegregation of deals into the appropriate risk instruments and components. Develops models and quantitative studies of historical and forecasted prices, loads, costs, and stream flows (volume) associated with energy products for the existing and planned energy portfolios. Contributes to new market and trading decision making.

4. 15% Energy Trading: Buys and sells energy within policy limits. Identifies and manages energy surpluses and future capacity needs. Monitors variables influencing energy pricing, availability, and reliability. Analyzes and evaluates complex energy transactions to ensure energy price, counterparty, and contractual terms are favorable to, and consistent with District risk management guidelines.

5. 10% Marketing Relationships: Establishes and develops contacts and relationships with existing and potential counterparties/customers. Conducts sales calls and visits with new and existing counterparties. Represents the District’s interests and goals at industry meetings and work groups.

6. Ongoing: Maintain regular and predictable attendance. Perform related duties and responsibilities as required. Complete all required training. Maintain a working knowledge and comply with District safety procedures and specific safety requirements of this position, and those in accordance with applicable provisions of the Revised Code of Washington (RCW) and Washington Administrative Code (WAC).

SUPERVISORY RESPONSIBILITIES: Program Manager, Energy Trading & Asset Optimization may directly supervise one (1) non-supervisory employee in the Energy Planning and Trading Department. Carries out supervisory responsibilities in accordance with the organization’s policies and applicable laws. Responsibilities include interviewing, hiring, and training employees; planning, assigning, and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems.

QUALIFICATIONS: The qualifications listed below are representative of those required, but reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of the job.

Post-Secondary Education: Bachelor’s degree, preferably in Engineering, Computer Science, Business, Accounting, Finance, Economics, or a related field (B. S., B. A.) from a four-year college or university; or equivalent combination of education and experience.

 

 

Experience:

Energy Term Trader

Typically requires a minimum of four (4) years relevant experience in power trading, including energy trading, energy structuring and/or quantitative analysis.

Program Manager, Energy Trading & Asset Optimization

Typically requires a minimum of seven (7) years of progressively responsible experience performing and leading power trading, marketing or risk/operation modeling projects or activities in electric utility or power marketing.

Specific KSA’s: A fully skilled incumbent will have the following specific knowledge, skills, and abilities.

Knowledge

• Knowledge of economic principles utilizing statistics and analytics; power operations, specifically hydro power operations; power scheduling practices; transmission practices; and energy price formation

• Understanding of finance, marketing, and contract administration activities, including risk management and credit policies

• Knowledge of federal and state laws and regulations relating to the power industry

Skills & Abilities:

• Ability to present and communicate complex information

• Strong analytical skills

• Ability to negotiate and manage energy contracts in accordance with internal policies and legal and regulatory frameworks

• Strong interpersonal skills

• Excellent verbal and written communication skills

• Ability to demonstrate initiative and work independently and with a team

• Ability to develop and sustain relationships with other WECC counterparties including utilities and energy marketers

 

DISCLAIMER

The statements contained herein reflect general details as necessary to describe the principal functions for this job, the level of knowledge and skill typically required, and the scope of responsibility. This should not be considered an all-inclusive listing of work requirements. Individuals may perform other duties as assigned, including work in other functional areas to cover absences or relief, to equalize peak work periods or otherwise to balance the workload.

EEO

Chelan PUD is an Equal Employment Opportunity employer (EOE Minorities/Females/Protected Veterans/Disabled). We value diversity at all levels of the organization. All qualified applicants will receive consideration for employment without regard to any protected classifications as defined by law.

EEO Law Posters can be found on the main Careers page in English and Spanish.

Chelan PUD will not be offering any work visa sponsorship for this role.

Pay Transparency Nondiscrimination Provision

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-I.35(c)

To apply for this job please visit erecruit.chelanpud.org.