Portfolio Management Advisor_MKPS1J

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).

The Advisor will own all aspects of P&L related to their retail power book, including detailed explanation of delivery month actuals, PPA’s, forward book MTM changes, and budget planning.

The Advisor will be responsible for identifying risks, recommending hedge strategies, and taking direct action to hedge and manage all price and volume risk exposures inherit in retail power business.

In collaboration with other key members of the Portfolio Management Team, the Advisor will share responsibility in formulating forward price curves for all COGS components of full-requirements products and continuous calibration of costing assumptions to ensure Engie remains competitive in retail space and share accountability to meet Sales goals.

The Advisor will also interact with other internal teams to meet Engie Resources’ objectives, including Sales, Business Development, Origination, Trading, Operations, Risk Management, Marketing, and Digital teams.

Responsibilities

• Trade financial and physical instruments for Energy, Capacity, RECs, Ancillaries, FTRs, PPAs, Power Options, and Weather derivatives in support of retail business
• 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
• Cook up 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
• Follow and comply with industry specifications, standards, regulations, and laws
• 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
• Participate in conference calls in support of Sales efforts with end-user customers, brokers, and other partners
• 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

• You 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
• You have deep experience in retail power portfolio management, with expertise in full-requirements cost components particularly in PJM and MISO markets
• You are knowledgeable in energy market fundamentals, pricing methodologies, and hedging strategies to manage shape and swing risk
• You have strong analytical and problem-solving skills, with the ability to communicate complex technical concepts clearly to senior leadership and cross-functional teams
• You are proficient in MS Excel and experienced with data tools such as Python, VPBA, SQL, and Microsoft Power BI for managing and analyzing large datasets
• You have excellent organizational skills, attention to detail, and the ability to plan and prioritize effectively in a fast-paced environment
• You are a clear communicator with strong written and verbal communication skills, and can think critically and logically under pressure

Qualifications

• This position is located in Houston TX and reports to Director of Portfolio Management

Skills

• Knowledge of 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
• Proficiency in MS Excel and experience 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 communication skills, including strong written and verbal communication skills, and the ability to think critically and logically under pressure

Benefits

Engage in a comprehensive benefits package that includes options for medical, dental, vision, life insurance, employer-paid short-term and long-term disability insurance, ESPP, generous paid time off including wellness days, holidays and leave programs. We also help you plan for retirement by offering a 401(k) Retirement Savings Plan with a company match. But that's not all – we're dedicated to the health and happiness of your entire family, offering supplemental benefits for full time employees that enhance emotional and physical well-being through all stages of life from family forming to caregiver benefits.

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.

In addition to base pay, this position is eligible for a competitive bonus / incentive plan.

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

Schedule

This role is eligible for our hybrid work policy; hybrid work schedule of both in-office and work-from-home days

Equal Opportunity Employer

We are committed to providing employees with a work environment free of discrimination and harassment. All qualified applicants will receive consideration for employment without regard to race, color, sex, sexual orientation, gender identity, religion, national origin, disability, veteran status, or other legally protected status.

Contact Information

If you need assistance with this application or a reasonable accommodation due to a disability, you may contact us at ENGIENA-ENGIEHR@engie.com. This email address is reserved for individuals with disabilities in need of assistance and is not a means of inquiry regarding positions or application status.

ENGIE Values

L'inclusion et la diversité sont au cœur de notre politique de ressources humaines. Nous assurons l'égalité des chances entre tous les candidats et sommes engagés à créer l'environnement de travail le plus accessible possible.