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Sr. Commercial Asset Trader

Location: 

Houston, Texas, US, 77002

Job ID#:  798
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

Summary/Objective 


The Sr. Commercial Asset Trader will play a crucial role in the optimization of Jera America’s physical power asset portfolio. The role will be responsible for developing and implementing strategic plan and initiatives to maximize revenue, manage risks, and enhance the overall profitability of our power generation assets. 

 

Position Description

Essential Functions


Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.


•    Manage the daily Day-Ahead bidding, the cash month and term strategy, and execute trades on behalf of natural gas-fired, oil, and renewable facilities power generation assets based on changing market conditions. 
•    Responsible for assigned assets PnL. 
•    Hedge, or direct the execution of hedges, for assets within established authority limits while actively managing credit and cash commitments per the Risk Management Policies governing the assigned assets.
•    Work with plant operations, third-party energy managers, and fuel suppliers (intraday gas procurement) for optimal asset trading and optimization.
•    Develop expert knowledge of asset contracts and provide for proper supervision and optimization of contractual commercial rights and responsibilities.
•    Understand and adhere to all tariffs, market conduct rules, market protocols and procedures.
•    Formulate short and long-term market views and forecast power, fuel, and emissions prices to optimize asset trading and hedging decisions.
•    Daily monitoring and reporting on assigned energy asset activity. 
•    Lead and/or sponsor strategic initiatives for assigned assets, prepare and present to senior leadership.
•    Collaborate on M&A and Development strategies related to potential transactions.
•    Perform other duties and tasks as assigned. 

Position Description Continued

Competencies


•    Knowledge of US natural gas, electric, and emissions markets, including supply and demand, market structure, and regulatory fundamentals. 
•    Understand power and gas market nuances that impact individual generation assets and the overall general portfolio.    
•    Manage the PnL of conventional or renewable generation assets in a commercial operations/asset trading role. 
•    Strong understanding and knowledge of the LMP-based wholesale power market with PJM (preferred), ISO-NE, NYISO, MISO. 
•    Experience with power trading, power generation, hedge strategy development for natural gas-fired generation assets, and natural gas markets 
•    Proficient knowledge of commodity risk management analysis. Proficient knowledge of commodity risk management analysis.
•    Entrepreneurial spirit and ability to get things done under pressure.
•    Desire to work in team-oriented culture.
•    Ability to get things done under the pressure of multiple deadlines.
•    Business Acumen.
•    Strong Verbal and Written communication skills.
•    Ethical Conduct.
•    Discretion and Confidentiality. Proficient knowledge of commodity risk management analysis.
•    Skills in data analysis, advanced Excel, VBA, PowerPoint, and SQL. Experience with Python, R, MATLAB, C/C#/C++, or JAVA is a plus. 

Qualifications

Required Education and Experience


•    Bachelor's degree in Finance, Business, Economics or related field.  (Degree in Engineering, Mathematics, Science or other quantitative field with business or finance experience is also suitable).
•    5 or more years of energy or infrastructure industry experience in a project finance or fund administration role.
•    Database expertise (proficiency in Excel).

 

Preferred Education and Experience


•    Bachelor’s degree in business, economics, finance, or a related field. 
•    Prior experience working with conventional or renewable generation assets in a commercial operations/asset trading role. 

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

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