Sr Asset Manager / Trader
Optimus
- Houston, TX, United States
A key Optimus power generation client located in downtown Houston needs a Sr. Commercial Asset Manager/Trader with a Northeast focus, to support optimization of their physical power generation asset portfolio.
Qualified candidates please send your resume to Jennifer.Hibbetts@optimus-us.com.
Essential Functions
- Manage the daily Day-Ahead bidding, the cash month and term strategy, and execute trades on behalf of natural gas-fired, oil, and renewable facilities power generation assets based on changing market conditions.
- Responsible for assigned assets PnL.
- Hedge, or direct the execution of hedges, for assets within established authority limits while actively managing credit and cash commitments per the Risk Management Policies governing the assigned assets.
- Work with plant operations, third-party energy managers, and fuel suppliers (intraday gas procurement) for optimal asset trading and optimization.
- Develop expert knowledge of asset contracts and provide for proper supervision and optimization of contractual commercial rights and responsibilities.
- Understand and adhere to all tariffs, market conduct rules, market protocols and procedures.
- Formulate short and long-term market views and forecast power, fuel, and emissions prices to optimize asset trading and hedging decisions.
- Lead and/or sponsor strategic initiatives for assigned assets, prepare and present to senior leadership.
- Collaborate on M&A and Development strategies related to potential transactions.
- Perform other duties and tasks as assigned.
Requirements
- Bachelor's degree in Finance, Business, Economics, Engineering, Mathematics, Science or other quantitative field (Masters preferred)
- Database expertise (proficiency in Excel).
- Prior experience working with conventional or renewable generation assets in a commercial operations/asset trading role.
- Knowledge of US natural gas, electric, and emissions markets, including supply and demand, market structure, and regulatory fundamentals.
- Understand power and gas market nuances that impact individual generation assets and the overall general portfolio.
- Manage the PnL of conventional or renewable generation assets in a commercial operations/asset trading role.
- Strong understanding and knowledge of PJM (preferred), but ISO-NE, NYISO, MISO also valuable.
- Experience with power trading, power generation, hedge strategy development for natural gas-fired generation assets, and natural gas markets
- Proficient knowledge of commodity risk management analysis. Proficient knowledge of commodity risk management analysis.
- Entrepreneurial spirit and ability to get things done under pressure.
- Desire to work in team-oriented culture.
- Ability to get things done under the pressure of multiple deadlines.
- Business Acumen.
- Strong Verbal and Written communication skills.
- Ethical Conduct.
- Discretion and Confidentiality. Proficient knowledge of commodity risk management analysis.
- Skills in data analysis, advanced Excel, 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.