Trader - PJM

About the role

The Power Trader for MEMS will be responsible for managing and optimizing Mitsui’s Power portfolio in the Northeast US region in the next day and prompt month Power market. This position supports the overall Power trading department and will be required to work closely with Origination personnel for MEMS and other Mitsui companies. The successful candidate will thoroughly understand the Power grid, key participants, and physical flow dynamics in the region.

Responsibilities

• Develop and execute profitable speculative trading positions in the Northeast power markets, predominantly within a 1–3‑month period
• Manage daily and prompt month physical power positions in the portfolio from REP marketing and generation offtake agreements
• Timely communication with other traders and scheduling personnel regarding market information
• Work with traders in adjacent markets and regions to optimize assets that span large geographic areas
• Support scheduling duties within the region
• Assist internal departments, such as Confirmations, Risk, IT, and Accounting to ensure deals are managed according to their intent in a timely and accurate manner
• Build and maintain relationships with third parties to increase Mitsui’s presence in the assigned region; this includes supporting the VP of Power in identifying longer‑term power transaction opportunities
• Support Mitsui’s fundamental market research by monitoring market developments that may impact supply/demand in the assigned region
• Assist in valuation of offtake agreements
• Perform any other duties as directed by the Manager
• Adhere to all corporate Risk Management policies and procedures

Qualifications

• Undergraduate degree or equivalent related work experience (Finance or Accounting preferred)
• Minimum 3 years of trading experience required
• 5 years of experience in a trading environment required
• Experience with Allegro a plus
• Fluent verbal and written skills in English

Skills

• Proficiency or the ability to effectively demonstrate proficiency with appropriate training in third‑party software licensed to the Company such as Microsoft Office (Excel, PowerPoint, Word)
• Excellent analytical skills with keen attention to detail
• Exceptional communication skills; possess refined interpersonal verbal and written communication skills, including writing and telephone communication skills; ability to present to senior managers when needed
• Ability to work in a team environment
• Ability to work independently with little to no supervision

Benefits

• Medical, Dental, Vision benefits
• 401K and Company Match
• Tuition Reimbursement
• Generous PTO Policy
• Breakroom Snacks / Beverages
• Company Telework Policy