Quantitative Renewable Energy Trader

About the role

You will be responsible for trading, price formation analysis, and optimization of the Day-Ahead and Real Time (DART) bidding strategy for ERCOT, SPP, PJM, and future markets. You will assess market fundamentals daily and determine bidding strategies for Scout's portfolio of utility scale wind and solar projects in each of these markets.

Responsibilities

• Adhere to internal trading limits and execute timely submission of bids daily.
• Work with the current team to deploy existing strategies, develop and recommend new strategies, and monitor market fundamentals.
• Maintain a daily model and report to account for profits and losses, forecast versus actual generation, and daily and hourly pricing.
• Assist by following and making recommendations on capacity auctions and various revenue optimization activities, which require price formation analysis for Scout's portfolio of operating assets.
• Report directly to the Manager of Energy Trading on daily project fundamentals and P&L.
• Communicate effectively with senior management on price formation and trading activities.
• Understand the capacity markets in each ISO and assist in determining pricing analysis and strategy.
• Employ excellent risk management skills.
• Engage with the Origination and Transmission teams to ensure current market trends are understood and daily trading strategies match fundamentals occurring in the DA and RT markets.
• Report upon and discuss monthly the trading strategy and your approach to achieve superior results.
• Recognize and communicate changing market dynamics and report to senior Asset Management team members and senior management on potential changes in strategy to implement positive trading results more effectively.
• Challenge yourself to understand the various Capacity Markets in each ISO and assist in pricing analysis and risk versus reward for bidding into capacity auctions.

Requirements

• A Bachelor's degree in a STEM field from an accredited college program.
• 1+ years of experience in Day-Ahead and Real Time trading in energy.
• Strong Microsoft Excel and data analysis skills.
• Experience in PJM, ERCOT, MISO, and SPP Day Ahead and Real Time Markets and fundamentals that drive those markets.
• Understanding of U.S. power markets and transmission system.
• Proficiency in online platforms such as Yes Energy, SNL, Enverus, ISO/RTO Websites to obtain an overall daily fundamental view of the market.
• Understanding of Intermittent Renewable Resource forecasting and economics.
• Ability to recognize changing market fundamentals and communicate swiftly and effectively to the Scout team.

Qualifications

• Authorized to work in the U.S. without sponsorship.

Working Style

• Independent learner who can quickly apply lessons learned in one area to all other work areas.
• Strong organizational skills with process orientation and attention to detail.
• Ability to prioritize and deliver top-quality work product in multiple areas without direct supervision.
• Strong interpersonal skills with the desire to work in a fast-paced, entrepreneurial environment and to meet deadlines and complete time-sensitive duties.
• Self-motivator with exceptional leadership and communication skills.
• Experience using influence rather than authority to achieve desired outcomes.