Tuesday, October 14, 2008

Senior Energy Trader

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Description:
The successful candidate must possess a Bachelor's Degree in Engineering, Business, Mathematics, Economics, Finance or related technical discipline. Must posses four years experience in the electric industry, including experience with short term trading.

Job Requirements:
Typically possesses seven or more years experience in functions related to trading. Typically possesses five years experience in supervisory and/or energy trading program management. Ability to supervise, implement and/or lead major specialized operational projects, tasks, or work groups to solve critical operational problems. Thorough knowledge of energy trading policies, objectives and goals and applicable governmental laws and regulations, in addition to knowledge of current situation in the electric industry. Demonstrate thorough knowledge of the electric grid in order to understand the effect of marketplace events on prices & availability of power. Experience executing energy trades including the ability to perform analyses of supply and demand conditions in electric, natural gas and other energy markets and forecasting loads to refine procurement strategies. Experience reviewing and reconciling electric and/or natural gas positions to ensure timely and accurate information is used in making transaction decisions. Demonstrated experience with analyzing, managing, and tracking gas and/or electric positions and market risks and representing trading and marketplace perspectives in developing regulatory positions, filings, etc. Ability to develop business relationships with suppliers, marketers and other counterparties involved in the wholesale electric market, physical gas market, or financial markets. Knowledge of current products, issues and market trends and ability to become a recognized industry expert in order to support company goals and objectives in the marketplace. Must have excellent oral and written communication skills. Demonstrated ability to accurately analyze information, resolve disputes, integrate people processes, systems, and technologies, and make strategic decisions regarding project scope, impact, policy, development, and implementation. Must be proficient in Microsoft Word, Excel, and PowerPoint.

Preferred Skills:
Masters Degree in Business Administration. Experience working in the Western Electric

Typical Responsibilities:
The successful candidate will support the Energy Supply and Management department and is directly involved in performing tasks related to purchasing/selling power, scheduling, contracting and settling transactions. Typical responsibilities will include: Executing power and/or emissions transactions; performing analysis of supply and demand conditions in short term wholesale electric market and emissions markets; analyzing the impact of SCE's (Southern California Edison's) market positions and forecasting loads to refine procurement strategy; reviewing and reconciling short term electric positions to ensure timely and accurate information is used in making transaction decisions; developing business relationships with suppliers, marketers and other counterparties involved in the short term electric market and/or emissions markets; participating in industry forums and staying current on products, issues and market trends; developing external industry relationships and gaining the knowledge to be recognized as an industry expert in order to support SCE policy goals and objectives in the marketplace; developing presentations to seek management approval for new counterparties, products and transaction strategies to manage position more efficiently within all CPUC (California Public Utility Commission), management and counterparty credit limits; supervising, implementing and/or leading major specialized operational projects, tasks or work groups to solve critical operational problems; mentoring junior Traders and Analysts and performing other duties and responsibilities as required.


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