Portfolio Management Advisor

About the role

You will be directly accountable to deliver expected gross margin originated from retail contract sales, focusing on all Northeast and California deregulated power markets (CAISO, PJM, NEPOOL, NYISO, and MISO).

Responsibilities

• Own all aspects of P&L related to your retail power book, including detailed explanation of delivery month actuals, PPA’s, forward book MTM changes, and budget planning.
• Identify risks, recommend hedge strategies, and take direct action to hedge and manage all price and volume risk exposures inherit in retail power business.
• Collaborate with other key members of the Portfolio Management Team to formulate forward price curves for all COGS components of full-requirements products and continuously calibrate costing assumptions to ensure Engie remains competitive in the retail space.
• Interact with other internal teams to meet Engie Resources' objectives, including Sales, Business Development, Origination, Trading, Operations, Risk Management, Marketing, and Digital teams.
• Validate load forecasts and oversee day-ahead demand bid schedules.
• Produce and reconcile daily NOP and MTM reports.
• Agregate revenue and cost data to measure portfolio profitability.
• Contribute to daily formulation and regular calibration of forward price curves for Energy, Capacity, Ancillary Services, RPS, NITS, and all other cost components of full-requirements electricity products.
• Manage the price and volume risks associated with serving retail power load with various contractual obligations, i.e. fixed price, index, or hybrid.
• Research complex business problems and identify opportunities to design, develop, and propose actionable solutions in support of pricing, portfolio management, and margin analysis activities.
• Coordinate with various functional groups to review and validate customer revenue and ISO settlement data to gain insights into portfolio profitability.
• Provide insight into the drivers of portfolio PnL from budget development through final settlement.
• Research and produce ad-hoc analysis on market fundamentals, risk exposure, customer load characteristics, various cost components and regulatory issues to enhance competitiveness, optimize risk exposure, and optimize the profitability of the portfolio.
• Prepare and present market fundamentals presentations to internal and external customers.
• Contribute to the development and enhancement of models and system platforms in support of costing and portfolio management activities.
• Support new product development activities through coordination with various internal functional groups.

Requirements

• Hold a Bachelor’s degree in a quantitative discipline such as Business, Economics, Engineering, Accounting, Mathematics, or Computer Science. In lieu of a degree, we will accept a combination of ten (10) years of professional experience and other education/certification experience for the role.
• A minimum of seven (7) years of relevant experience in the retail power industry.
• Deep experience in retail power portfolio management, with expertise in full-requirements cost components particularly in PJM and MISO markets.
• Knowledgeable in energy market fundamentals, pricing methodologies, and hedging strategies to manage shape and swing risk.
• Strong analytical and problem-solving skills, with the ability to communicate complex technical concepts clearly to senior leadership and cross-functional teams.
• Proficient in MS Excel and experienced with data tools such as Python, VPBA, SQL, and Microsoft Power BI for managing and analyzing large datasets.
• Excellent organizational skills, attention to detail, and the ability to plan and prioritize effectively in a fast-paced environment.
• Clear communicator with strong written and verbal communication skills, and can think critically and logically under pressure.

Qualifications

• Additional Details
• This role is eligible for our hybrid work policy; hybrid work schedule of both in-office and work-from-home days.
• Must be willing and able to comply with all ENGIE ethics and safety policies.

Pay

Salary Range: $117,300 – $179,860 USD annually

This represents the average expected pay range for a qualified candidate. ENGIE complies with all federal, state, and local minimum wage laws. Actual salary offered may vary depending on geography, experience, education, internal pay alignment, or other bona fide factors.

Benefits

• Your Talent Acquisition Partner can share more specific information regarding the benefits or the salary for the position based on the work location.

Why ENGIE?

ENGIE North America isn’t just participating in the Zero-Carbon Transition, we’re leading it! Join us as we develop energy that is renewable, efficient, and accessible to everyone. At ENGIE, every talent has a role to play in the adventure of the century. Make a difference and enjoy a fulfilling professional experience. Take on exciting challenges and build a career path that reflects who you are. Join us and be part of the adventure!