Manager Commodity Risk Management Jobs in Texas (NOW HIRING)

Summary

The Senior Manager, Commercial Asset Management will play a crucial role in the optimization of Jera America's physical power asset portfolio. The role will be responsible for developing and implementing strategic plan and initiatives to maximize revenue, manage risks, and enhance the overall profitability of our power generation assets.

Position Description

• 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.
• Daily monitoring and reporting on assigned energy asset activity.
• 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.

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Position Description Continued

• 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 the LMP-based wholesale power market with PJM (preferred), ISO-NE, NYISO, MISO.
• 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.

Qualifications

Required Education and Experience

• Bachelor's degree in Finance, Business, Economics or related field.  (Degree in Engineering, Mathematics, Science or other quantitative field with business or finance experience is also suitable).
• 5 or more years of energy or infrastructure industry experience in a project finance or fund administration role.
• Database expertise (proficiency in Excel).

Preferred Education and Experience

• Bachelor's degree in business, economics, finance, or a related field.
• Prior experience working with conventional or renewable generation assets in a commercial operations/asset trading role.

JERA Americas does not accept unsolicited resumes from third party recruiters or employment agencies. In the absence of an executed Recruitment Services Agreement, JERA Americas shall have no obligation to pay any referral compensation or recruiter fee.