Company:
Optimus - People. Solutions. Delivered.
Location: Houston
Closing Date: 02/11/2024
Hours: Full Time
Type: Permanent
Job Requirements / Description
A key Optimus power generation client located in downtown Houston needs a Sr. Commercial Asset Manager with a Northeast focus (PJM a must) , to support optimization of their physical power generation asset portfolio.
Qualified candidates please send your resume to
Essential Functions
- Oversee daily Day-Ahead market bidding and manage cash and term strategies for natural gas, oil, and renewable energy generation assets, adapting to market fluctuations.
- Responsible for the profit and loss (PnL) management of assigned assets.
- Execute hedging strategies within set authority limits while effectively managing credit and cash obligations in line with risk management policies.
- Collaborate with plant operations, third-party energy managers, and fuel suppliers to optimize trading and operational efficiency.
- Acquire in-depth knowledge of asset contracts to ensure optimal oversight and utilization of contractual rights and responsibilities.
- Ensure compliance with all relevant tariffs, market conduct rules, and operational protocols.
- Develop both short-term and long-term market outlooks, forecasting prices for power, fuel, and emissions to inform trading and hedging strategies.
- Lead strategic initiatives for assigned assets, preparing and presenting findings to senior management.
- Contribute to mergers and acquisitions and development strategies for potential transactions.
- Perform additional duties as required.
Requirements
- Bachelor’s degree in Finance, Business, Economics, Engineering, Mathematics, or a related quantitative discipline (Master’s degree preferred).
- Proficiency in database management and advanced Excel skills.
- Previous experience in commercial operations or asset trading, specifically with conventional or renewable generation assets.
- Strong understanding of U.S. natural gas, electricity, and emissions markets, including their supply-demand dynamics and regulatory framework.
- Familiarity with the specific market factors affecting individual generation assets and the broader portfolio.
- Experience managing PnL for conventional or renewable generation assets.
- Solid knowledge of market structures such as PJM (preferred), ISO-NE, NYISO, or MISO.
- Background in power trading, hedge strategy formulation for natural gas-fired generation, and natural gas market dynamics.
- Expertise in commodity risk management analysis.
- Self-starter with an entrepreneurial mindset, capable of performing under pressure.
- Strong team player who thrives in a collaborative environment.
- Excellent business acumen and communication skills, both verbal and written.
- Commitment to ethical conduct and maintaining discretion and confidentiality.
- Proficiency in data analysis and advanced Excel, with skills in VBA, PowerPoint, and SQL. Experience with Python, R, MATLAB, C/C#/C++, or Java is a plus.
Per our client's specifications, candidates are required to be US Citizens, Green Card holders, or independently authorized to work in the US . We are unable to provide H1 visa sponsorship at this time.
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Optimus - People. Solutions. Delivered.