Sr. Portfolio Manager

Shell • Houston, TX

1d • $178,000 - $266,000

About The Position

What’s the role We are looking for a highly motivated individual with a genuine interest in energy and technology, and a strong passion for delivering performance-driven results in a growing company. The Sr. Portfolio Manager is responsible for wholesale price and retail position management for regional power exposure. The candidate must have prior position management experience in ERCOT, PJM and NE ISOs. This role will collaborate with our Sales and Pricing teams to develop retail structured products that are valued by large commercial and industrial customers. The individual will serve as a subject matter expert in fundamental analysis and regulatory policy formation across specific ISOs. The role will be accountable for capturing retail gross margin and implementing optimization strategies to unlock additional profit opportunities or minimize losses. Reporting to the B2B Portfolio Lead, this position requires a self-motivated, dedicated, and responsible professional with the ability to perform effectively under pressure.

Requirements

• Must have legal authorization to work in the US on a full-time basis for anyone other than current employer
• At least 4 years’ experience in a trading/commercial role or risk management capacity
• Comfortable working in a target driven and fast-paced environment
• Strong analytical and critical thinking skills; must be able to provide timely and accurate data analysis
• Strong business writing skills and experience developing communication in various formats
• Learner mindset and eye for continuous improvement needs.
• Excellent organization and time management skills, with the ability to maintain a strict level of attention to detail
• Ability to work well within a team environment and demonstrate a personal stake in aligned team goals and objectives
• Excellent interpersonal and verbal communication skills, with the ability to establish and maintain positive and effective working relationships.
• Self-motivated with the desire and curiosity to consistently improve performance and gain further knowledge
• Ability to meet deadlines, learn quickly, and demonstrate effective problem-solving and follow-up skills
• Comply with company policies and procedures

Nice To Haves

• Bachelor’s degree, Master, or Advanced Degree Preferred
• Strong technical and data analysis skills in PowerBI, SQL and VBA preferred

Responsibilities

• Build and foster commercial relationships with wholesale bilateral counterparties
• Manage book exposures within risk management limits and capture priced retail margins
• Assist gross margin analytics team on revenue and cogs estimates to actuals for variance explanations and effective hedge testing
• Forecast commodity cost curves for retail pricing, risk metrics and book revaluation
• Schedule physical bilateral contracts and DAM activities with various ISOs
• Enter wholesale trade in deal capture system and validate deal entry accuracy
• Provide SME market fundamental and policy formation commentary for sales presentations and customer interaction
• Collaborate with load forecasting team to understand daily load forecast changes, model bias and approve load forecast adjustments for position management
• Backup risk management and commodity price forecasting for other ISOs as needed

Benefits

• insurance coverage options include medical, dental, vision coverage, life Insurance, Business Travel Accident Insurance, and Occupational Accidental Death Benefit programs
• Employees also participate in a company pension plan and a 401(k) plan
• Paid leave includes up to 6 weeks of paid vacation time, up to 11 paid holidays, and parental leave offering 16 weeks of paid leave for birthing parents, and 8 weeks of paid leave for non-birthing parents
• employees are eligible for short-term disability leave for up to 26 weeks at 100% or 50% of base pay as well as Long-Term Disability insurance
• Shell also offers other compensation such financial reimbursement for adoption, wellness, education, and personal learning expenses, and some roles are eligible for discretionary long-term incentives
• medical, dental, and vision coverage, life insurance, Business Travel Accident Insurance, and Occupational Accidental Death Benefit programs; participation in a 401(k) plan; and paid leave for up to 11 paid holidays

What This Job Offers

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