Monday, May 26, 2008

Senior Unregulated Trader

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Description
Purpose of Position
This position provides a leadership role to research and understand retail natural gas and power obligations and develops and manages, physical and financial trading strategies to serve contract load while maximizing earnings for unregulated retail services and operating within company risk policy and procedures parameters. This position executes natural gas physical and financial trading strategies. This position also serves as a resource back up for power physical and financial trading requirements in emergency situations including illness, vacation, peak demand, etc.

Primary Job Duties and Responsibilities (Essential Job Functions)
Develop, recommend and manage current physical and financial trading activities to support the unregulated retail services trading books and maintain compliance with company risk policies and procedures.

Provide the gas products group with real time pricing.  Serves as resource back up to provide the electric product group indicative hourly costing models on a daily basis for customer proposals. The individual must maintain multiple wholesale trading sources such as, counterparties, intercontinental-exchange, Platts, etc. to ensure accurate and competitive electric costing models for customer price proposals.

Interact with the unregulated retail services gas and electric operation groups to understand short and long term load, capacity and transmission obligations, relative to physical and financial trades in place to serve contracted obligations. Seek out physical and financial trading strategies based on the relationships between pro forma costing and market trends.

Develop, research, analyze, model and manage existing and new natural gas and power trading strategies, including financial and physical positions relative to volumetric obligations. Assist accounting in any risk management calculations or forecasting requirements relative to the portfolio of positions.

Interact with multiple sources (counterparties, news resources, technical and fundamental trend resources) to track natural gas and electric wholesale price trends, including historical heat rate relationships between natural gas and power. Communicate market trends and recommended strategies based on market trends.

Provide technical leadership to staff.

Provide technical input to assist in development of project planning.

Perform additional responsibilities as requested or assigned.

Requirements
Bachelor’s degree in business-related field or comparable trading industry experience or equivalent work experience. (Typically six years of related, progressive work experience would be needed for candidates applying for this position who do not possess a bachelor’s degree.)

Advanced degree preferred.

Seven years experience in the energy industry, specific to energy trading or unregulated retail energy marketing, with at least two years of energy trading experience.

Effective oral and written communication skills.

Effective analytical, problem-solving and decision-making skills.

Demonstrate ability to understand and utilize computer systems and applications as tools for analysis.

Effective interpersonal skills and the ability to work independently and as part of a team.

Strong project management skills; the ability to prioritize and handle multiple tasks and projects.

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