Manager, Energy Market Trader - MFE (Portland, OR) #113954 - Military veterans preferred

POWER YOUR GREATNESS

PacifiCorp is seeking customer-centric candidates to grow and sustain our commitment to a culture of customer service excellence, environmental sustainability inclusion & belonging.

General Purpose

This position is responsible for management of the trading group affecting optimal performance of PacifiCorp’s generation fleet. Provides leadership on power and natural gas strategies covering complex negotiations for sales and purchases of both wholesale power and natural gas products. This includes financial instruments, and emissions credits consistent with the strategic direction of the Company. Identifies sales/purchase opportunities and aggressively negotiates energy sales and purchases with other utilities/organizations and/or financial institutions. Monitors position reports and develops recommended trading activity to maintain favorable position within established limits. Develop and manage trading strategies to achieve strategic Company goals. Develops professional relationships with wholesale power marketers, traders, brokers, and the financial community to enhance the Company’s ability to profitably grow the wholesale power business.

Responsibilities

• Manage PacifiCorp’s Energy Supply Management traders both natural gas and power in order to meet system obligations in the most reliable, safe and economical solution.
• Serve as the SME and strategically position the company’s system to meet company load obligations at the least cost.
• Manage and direct the day-to-day activities of the work group. Mentor and train gas and power traders.
• Analyze market conditions and fundamentals to identify market opportunities.
• Monitor and validate company position reports to ensure accuracy.
• Recommend and advise trading strategies based upon market fundamentals and company position to optimize net margin.
• Manage and direct day-ahead trading and preschedule process to optimize system performance.
• Negotiate sales and purchases of wholesale electric power, transmission and natural gas.
• Monitor system operation of energy transfers and wheeling to ensure cost effective performance.
• Communicate requirements, negotiate trades, and establish effective working relationships with traders, schedulers, transmission providers and pipelines.
• Manage company assets and wholesale contracts to meet company obligations and maximize PacifiCorp’s net margin while reducing net power cost.
• Develop relationships with other utilities, marketers, brokers, transmission providers and natural gas pipelines to enhance PacifiCorp’s ability to reliably and profitably serve the company’s customers.
• Work within PacifiCorp’s system, the western U.S., and California ISO scheduling and congestion management procedures, standard transmission tariff rules and regulations.
• Work within the Company policies, practices, procedures, applicable federal, state, and local laws and regulations.
• Work closely with natural gas traders to optimize PacifiCorp’s resources to reliably and profitably serve our customer base.
• Select, coach and manage development and performance evaluation of department staff.

Requirements

• Bachelor’s Degree in Finance, Economics, Marketing, or a related field; or the equivalent combination of education and experience.
• A minimum of eight years’ experience in trading commodities.
• A minimum of three years’ in people or functional management.
• Experience in electric power and natural gas utility system operations, commodity marketing and scheduling.
• Knowledge of power plants, market hubs, and interchange points between companies.
• Understanding of financial modeling, risk assessment, and commodity management, electricity, and natural gas trading.
• Understanding of energy market conditions to identify sales and purchase opportunities.
• Knowledge of company policies, procedures, and practices, and applicable federal, state, and local laws and regulations.
• Excellent selling skills for the ability to identify, negotiate, and close on sales and purchase opportunities.
• Excellent communication and interpersonal skills to develop industry contacts, establish relationships, influence others’ positions and negotiate outcomes.
• Proficient with the use of personal computers and automated tools to support trading activity.
• Position work hours are non-standard.

Preferences

• Experience transacting at electric power and natural gas trading hubs throughout the western U.S.
• Knowledge of California ISO procedures and practices.

Additional Information

Req Id: 113954
Company Code: PACIFICORP
Primary Location: PORTLAND
Department: Power Supply
Schedule: FT
Personnel Subarea: Exempt
Hiring Range: $137,000 - $177,300
This position is eligible for an annual discretionary performance incentive bonus of up to 40% of salary.

Benefits: Health care, retirement, paid time off, tuition assistance, paid short-term and long-term disability, paid bereavement leave. For more information, please visit: https://careers.pacificorp.com/content/New-Benefits-Page/?locale=en_US

Employees must be able to perform the essential functions of the position with or without an accommodation.

PacifiCorp is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion or religious creed, age, national origin, ancestry, citizenship status (except as required by law), gender (including gender identity and expression), sex (including pregnancy), sexual orientation, genetic information, physical or mental disability, medical condition, veteran or military status, familial or parental status, marital status or any other category protected by applicable local, state or U.S. federal law.

Unless otherwise required by law, all offers of employment are contingent upon the successful completion of a background check and drug screening including for marijuana. While marijuana is legal in several states, including Oregon, a positive test for positions in Oregon may disqualify a candidate. The company complies with the laws of Washington and California and only obtains and considers positive tests for marijuana in safety-sensitive positions or those covered by U.S. Department of Transportation regulations.