Power Trading Analyst

Responsibilities

• Conduct thorough short- and long-term market analysis, leveraging large datasets to inform trading decisions and identify potential risks and opportunities.
• Develop, maintain, and enhance forecasting models for pricing, congestion, system load, and other market-related factors using Excel, Python, SQL, and other relevant tools.
• Generate and assess various forward-looking scenarios, including localized congestion and abnormal market events, to create edge case strategies.
• Monitor real-time market conditions, identify emerging patterns, and provide actionable insights and recommendations to traders.
• Work closely with traders, offering up-to-date market insights, and providing backup support by transacting, monitoring positions, and submitting trades on weekends when required.
• Prepare and deliver detailed market analysis reports or dashboards, ensuring that traders have the most relevant and accurate information.
• Gather, clean, and manage extensive datasets, ensuring the integrity and accuracy of data used in models and analysis.
• Create and maintain tools, models, and reports to support trading activities utilizing Excel, SQL, Python, and other external APIs.
• Offer strategic trade recommendations based on a deep understanding of market fundamentals and analytics, contributing to the trading desk's overall performance.
• Schedule Assets, virtual trading, and PTPs with the objective of optimizing DA/RT, Basis and revenue outcomes.
• Track and analyze weather forecasts, determine their impact on LRE portfolio, and develop actionable trading strategies.
• Support Origination and Development, supplying long-term price forecasts and scenario analysis.

Qualifications

• 2-4 years of experience as an Analyst or Junior Trader on a Power Trading desk, with a proven track record in transactional support and market analysis.
• Bachelor’s or master’s degree in Finance, Economics, Mathematics, or a related quantitative field.
• Proficiency in Python, SQL, Excel (including VBA), Tableau, and power flow modeling tools such as Pro-Mod and Power World.
• A strong understanding of transmission grids, power flows, virtual trading, and FTR auctions, particularly across PJM, ERCOT, and CAISO.
• A critical thinker with strong analytical abilities, capable of identifying risk mitigation strategies and enhancing revenue through data-driven decisions.
• An effective communicator with the ability to translate complex analytical findings into actionable insights for traders.
• The ability to work under pressure, think creatively, and provide weekend support when needed.

Physical Demands

• This position will travel 20% of time.
• Position will require sitting for long periods of time as well as occasionally lifting up to twenty-pound boxes.