Power Valuation Analyst, PJM Load

Engelhart • Stamford, CT

7h • Hybrid

About The Position

Engelhart, a commodities trading company founded in 2013 and expanded with the acquisition of Trailstone, is seeking an experienced analyst to join its Global Middle Office team. This role, based in either Houston, TX or Stamford, CT, will focus on supporting the middle office function for the PJM Full Requirements portfolio. The analyst will be responsible for daily P&L analysis, maintaining controls, and providing insights into portfolio performance and risks. This is a key position with direct interaction with trading desks, risk, IT, accounting, and other internal stakeholders. The role is full-time and involves preparing daily P&L reports, calculating reserves, performing system reconciliations, providing analytical support, conducting independent analysis of non-hedgeable components, performing valuation checks, partnering with the quant team on load forecast accuracy, improving reporting processes, and contributing to documentation and standardization.

Requirements

• At least 5 years of PJM Full Requirement experience, in commodities trading or valuation environment.
• Working knowledge of financial derivatives (futures, options) and physical Power & Gas products.
• Advanced Excel skills and familiarity with at least one programming language (VBA, Python, or SQL preferred).
• Knowledge of risk management and cash flow forecasting.
• Strong communication and teamwork skills, with the ability and desire to build relationships across functional teams.
• Self-driven, detail-oriented, and comfortable working independently in a fast-paced environment.

Nice To Haves

• Familiarity with other ISOs (e.g., ERCOT, ISONE, and CAISO) is not essential but desirable as complementary knowledge.

Responsibilities

• Preparing daily P&L reports, explaining key drivers of the portfolio performance, including impacts from quantity, price, shape, weather, and other market dynamics.
• Calculating reserves in accordance with company policies.
• Performing reconciliations across multiple systems to ensure positions, pricing, and settlements are accurate, and reviewing settlement data to identify and resolve discrepancies.
• Providing analytical support to management and other teams by developing reports and conducting deep-dive analysis to improve understanding of portfolio performance.
• Conducting independent analysis of non-hedgeable components such as capacity and ancillary services.
• Identifying and highlighting potential risks or unusual exposures.
• Performing valuation and pricing checks ahead of auction periods to ensure market prices and key inputs are properly captured.
• Partnering with the quant team to monitor load forecast accuracy and contribute to improvements in forecasting performance.
• Continuously improving reporting processes, streamlining data workflow, and helping build a centralized data resource to support the Full Requirement business.
• Working closely with Operations and IT to maintain data quality, ensuring accurate valuation inputs, and improving system workflows.
• Contributing to documentation, workflow standardization, and model transparency to ensure repeatability and scalability as the business grows.

Benefits

• Competitive compensation and participation in Engelhart’s discretionary bonus plan.
• 20 days of annual holiday entitlement, excluding US public holidays.
• Medical, Dental, Vision, Life insurance, 401(k) match, and supplemental benefits partially subsidized by the Company.
• Eligibility to receive external and internal training in accordance with our Training & Development Policy.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed
• Number of Employees: 101-250 employees