Senior Associate, Energy Services

LS Power Development-posted 7 days ago
$170,000 - $190,000/Yr
Full-time • Mid Level
New York, NY
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A leading asset operator, investor, and developer focused on the energy markets in the United States. The successful candidate will actively manage positions stemming from a portfolio of assets like solar, wind, and battery storage; optimizing and hedging risks such as intermittency, congestion, and DART spreads. The ideal candidate will have a strong understanding of the fragmented power markets across the United States, sound knowledge of trading products, analytical and programming capability and structuring expertise.

  • Perform market analysis to determine short- and long-term trading opportunities in the commodity markets (Power, FTRs, emissions, RECs, natural gas, power basis).
  • Negotiate and execute bilateral agreements to hedge existing positions and the supporting guarantee (e.g., busbar deals, basis lock-ups, submittal to RFPs, etc.).
  • Utilize industry fundamental analysis to research market dynamics and assess trade and hedge positions.
  • Co-develop tools and integrated systems supporting the trading activity, such as stack models, bidding tools, dashboards.
  • Monitor market, industry, product and pricing trends.
  • Assist with structuring and negotiating documentation to put trades into place.
  • Provide asset valuation support for company’s acquisition and development activity.
  • Maintain close interaction with operational teams, collecting real-time asset insights and proving them with market info to base operational decisions (e.g., maintenances, LD estimates, etc.).
  • Present hedge strategies (and their results) to executive committees and broader groups, (e.g., including teams such as finance, operations, legal, asset managers, etc.).
  • Develop power generation hedging strategies across market regions to maximize profitability and minimize margin volatility. Hedging would focus on the gross margin value streams such as power, ancillaries, and capacity.
  • Formulate risk management and trading strategies.
  • Ensure compliance with strategic objectives and existing risk controls.
  • Apply statistical and econometric analysis to raw Power and Gas data sets to form robust conclusions with predictive value.
  • Hold a Bachelor’s Degree.
  • Have a minimum of five years of trading, structuring, and/or analytical support experience within the power industry.
  • Have analytic, modeling, and fundamental research skills including demonstrated capability utilizing programming languages (writing, reading and editing code).
  • Possess working knowledge of various trade capture and programming systems.
  • Have excellent written and oral communication skills.
  • Can work on a number of simultaneous projects with minimal supervision and exemplary follow-through.
  • Deep experience in one or more energy markets in the United States.
  • Experience dealing with intermittency resources (Wind or Solar farms).
  • Good understanding in risk management, usual metrics and thresholds.
  • Proficiency handling complex data sets, using tools such as Excel and Pyhton (SQL queries is a plus).
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