Apply now »

Manager, Fundamentals

Location: 

Houston, Texas, US, 77002

Job ID#:  670
Job Category:  Commercial / Risk
Position Type:  Regular FT

JERA Americas Inc. is part of a global energy company, supporting the transition to a cleaner, more sustainable world while fulfilling our responsibility to provide a safe and stable supply of reliable and affordable energy. The Company is a subsidiary of Tokyo-based JERA, which stands for Japan's Energy for a New Era. JERA has committed to achieving net zero CO2 emissions from its businesses by 2050 and is contributing to the development of a sustainable society.

JERA Americas seeks to continue its rapid expansion into renewable energy markets focusing on wind, solar, and cutting-edge technologies for hydrogen production and transportation. To meet the challenges of a fast-growing company, we are searching for talented individuals who thrive in a fast-paced environment and want to be part of the equation to provide energy for a new era.

Summary

The Manager, Fundamentals is responsible for managing the development of North American supply, demand, infrastructure, and price forecasting in support of trading, strategic investments, and risk management. The role will also manage developing best practices for modeling, reporting and analytics for the business unit.

Position Description

  • Analyze and identify emerging trends affecting short-, mid- and long-term congestion patterns across ISOs – particularly ISONE, NYISO, PJM, and ERCOT.
  • Build, maintain, and run zonal and nodal power dispatch models to support various groups across the company including commercial gas & power trading and asset development.
  • Provide power price forecasts, market drivers and related congestion impacts.
  • Forward view on generation, transmission, load and impact to power prices and heat rates.
  • Identifying market inefficiencies, price opportunities and strategies for the traders.
  • Track and disseminate major industry news, announcements, and regulatory actions that could impact market fundamentals.
  • Understand and explain drivers of forward curves and how/why they differ from internal POV.
  • Desire to be a part of a high performing and analytical team.
  • Prepare and deliver Quarterly Fundamentals update to senior leadership.
  • Help identify appropriate pricing locations and fundamentals around M&A transactions.

Position Description Continued

  • Strong knowledge of ISO topology, prevailing congestion patterns, and power plant dispatch, with a particular focus on ISONE, NYISO, PJM, and ERCOT.
  • Extensive experience with ISO datasets, particularly related to nodal LMPs and transmission topology.
  • Strong analytical thinking and modeling skills.
  • Ability to explain drivers of nodal basis and how they could evolve with changing infrastructure – transmission expansion, plant new build & retirements, etc.
  • Ability to communicate market views clearly, backed by quantitative analytics – explain the “why”.
  • Demonstrated ability to build models and analysis from the ground up without existing infrastructure, designing efficient and reliable processes.
  • Experience delivering Fundamentals Presentations to senior leadership, Board of Directors or appropriate Steering Committees.
  • Very strong Excel skills. Programming, database skills, or BI software experience a strong plus (SQL Server, Python, VBA, or R). Strong preference for experience with Python.
  • Experience with PLEXOS, PROMOD, AURORA or similar power dispatch model.

Qualifications

Required Education and Experience

  • A bachelor's degree in economics, engineering, finance, or related discipline.
  • 5 to 10 years of industry experience within power fundamental modeling in the North American markets at a utility, IPP, merchant trading firm or energy consulting firm
  • Strong power markets modeling experience.

 

Preferred Education and Additional Eligibility Qualifications

  • Advanced degree preferred.

AP/EEO Statement

JERA Americas Inc. provides equal employment opportunity to all individuals regardless of their race, color, creed, religion, gender, age, sexual orientation, national origin, disability, veteran status, or any other characteristic protected by state, federal, or local law. Further, the company takes affirmative action to ensure that applicants are employed, and employees are treated during employment without regard to any of these characteristics.


Nearest Major Market: Houston

Apply now »