Real-Time Trader, West

The Energy Authority Inc • Bellevue, WA

5d • $79,464 - $175,094 • Onsite

About The Position

Real-Time traders in Bellevue negotiate hourly energy transactions at various trading hubs across the Western US. We manage a diverse portfolio of power generation assets, including clean renewable hydroelectric power derived from a system of dams across the Federal Columbia River Power System. The clients that we serve consist of various-sized public utility districts located in Washington and Oregon, all of whom are not-for-profit and community-owned. We collaborate with forward traders, portfolio managers, and analysts to build and deploy risk management strategies. Through economies-of-scale operations, depth and breadth of experience, and proprietary optimization technologies, we create value for our clients by maximizing the value of their assets in the bulk electric market thus helping to reduce costs to their rate-paying customers. Successful traders apply strong financial skillsets and commercial instincts to inform sound decision-making in a highly competitive environment. We must monitor and respond quickly to large amounts of dynamic data across various software platforms, so attention to detail and multitasking are important strengths. Collaboration and teamwork are essential to accomplishing our goals, so we work on an open trade floor that is designed to facilitate quick communication and sharing of ideas. Our market is 24/7, which means we work in grouped rotational shifts around the clock to serve the continual need for electric consumption. To balance these non-standard working hours, we also enjoy long stretches of time-off built into our schedules to recharge and devote towards personal interests.

Requirements

• Bachelors’ degree from a four year accredited college or university required

Nice To Haves

• advanced degree a plus
• Previous experience in the energy industry
• Previous experience with trade capture systems is a plus

Responsibilities

• Simultaneously manages portfolios in real-time for multiple clients
• Forecasts hourly loads
• Analyzes energy and transmission alternatives to optimize profits and ensure delivery
• Interacts with the market participants to develop, negotiate, and execute opportunistic business transactions that create value for the company
• Evaluates the current value of thermal and storage resources relative to the market
• Evaluate market conditions and develop trading strategies to optimize the use of available resources
• Coordinate client and intra-TEA communications on power supply needs and transactions
• Monitors SCADA alarm system, PowerBiz, Real-time system metering, iCRS
• Coordinates scheduling of energy and reserve transactions
• Coordinates tagging of energy transactions
• Manage transmission reservations and negotiate transmission sales / purchases
• Pro-actively pursues transmission opportunities on behalf of Members, Partners and TEA
• Coordinate between clients, counterparties, control areas and transmission providers to ensure the reliable receipt and delivery of power
• Maintains client's resource and obligation mix
• Maintains current tagging methodologies and requirements
• Maintains current scheduling methodologies and requirements
• Maintains current applications, web sites, spreadsheets and other tools needed to effectively manage the portfolios under their control
• Accurately records purchase and sale transactions on appropriate blotters or trade tickets and ensures that all necessary transaction details are entered into TEA’s deal capture system
• Obtains market discoveries and market clearing prices
• Confirms hourly transactions, including total MWh’s, transaction price, Point of Receipt or Point of Delivery with counter-parties in order to ensure accuracy
• Work on a rotating 12-hour shift to provide trading coverage on a 7/24/365 day basis and be prepared to provide trading support during natural disasters, at back up facility, and/or team related emergencies.
• This position may be called on to fill in for other trading floor positions (Support Specialist, Day-Ahead Power Management Specialist, etc.) when needed.
• Provide training and support to new traders and support specialists about TEA business practices, processes, and procedures.
• Ensure that all relevant aspects including energy price, transmission, counter party contractual and credit limits terms, are in compliance with TEA’s and member risk policies (if applicable).

Benefits

• paid time off beginning at the rate of 17 days per year
• nine paid holidays
• 401(a) employer contribution
• 457(b) deferred compensation retirement savings plans
• medical, dental, vision, life, AD&D, and disability insurance
• health savings and flexible spending accounts
• great work-life balance
• company culture with exposure to clients and high visibility to senior executives
• Learn new things every day – you will never be bored!

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level