Job Description

Puget Sound Energy is looking to grow our community with top talented individuals like you! With our rapidly growing, award winning energy efficiency programs, our pathway to an exciting and innovative future is now.

PSE's Energy Supply Merchant team is looking for qualified candidates to fill an open  Consulting Energy Trader  position!

Specific details regarding the work arrangements for this position will be discussed in further detail during the interview process.

Job Description

As part of the Day Ahead Power Trading Team, the candidate will be an energy trading subject matter expert that leads, trains and mentors other energy traders. Manages and directs physical and financial wholesale energy transactions that drive business growth and manage risk. Manages a highly complex and diverse portfolio of power, natural gas, transmission, and environmental instruments, ensuring alignment with approved mandates and risk management policies. Utilizes highly advanced trading methods such as hedging solutions, non-standard physical/financial products, futures, options and swaps to achieve growth objectives while managing risk.

Leads the collaboration with cross-functional teams, including trading, plant operations, Energy Risk Control, Planning, Regulatory affairs, Analytics, and Legal, to develop and maintain a deep understanding of market trends, regulatory requirements, and business opportunities. Works independently to drive revenue and mitigate costs through innovative trading strategies and risk management practices.

Upholds the safety compliance standards inherent in PSE’s operating and/or field procedures related to work responsibilities. Promotes and supports a culture of total safety.

Demonstrates commitment to conduct business honestly, ethically and consistent with our core values and Code of Conduct. Ensures duties are performed in accordance with all regulatory compliance obligations.

 

Job Responsibilities

• Acts as a subject matter expert and assists with training and mentoring other energy traders.
• Makes recommendations on the appropriate risk approach to ensure that trading strategies align with PSE's risk policy.
• Illustrates and communicates forward fundamental factors driving portfolio risk. For example, hydro fundamentals through all stages of a water year or natural gas storage and production levels.
• Proactively works across functions to improve organizational processes and business systems to meet group goals.
• Identifies opportunities and recommends risk mitigation strategies based on current and changing market conditions.
• Maintains a continuous assessment of positions, risk, in response to changing operating conditions and contractual obligations.
• Collaborates with other teams in analyzing complex transactions to ensure that risks and benefits are identified and managed.
• Effectively communicates opportunities, market fundamentals, and trends to management.
• Responsible for executing wholesale energy transactions to meet cost effective load obligations and to maximize the value of generation and other assets to minimize overall costs.
• Ensures compliance with all applicable FERC orders, NERC, WECC, and other applicable reliability standards, and transmission tariffs and business practices.
• Develops and executes of dispatch strategies of available generation and resources for optimization of PSE’s portfolio of assets including coordination of outages and availability of assets.
• Collaborates with origination to review asset acquisitions.
• Maintains up to date knowledge of market developments and supply/demand fundamentals.
• Maintains an accurate position report.
• Develops and maintains relationships with market participants.
• Coordinates, tracks and reports on the status and performance of assigned portfolios.
• Possess working knowledge of enabling agreements including WSPP, ISDA, and NAESB.
• Performs other duties as assigned.

Minimum Qualifications

• Bachelor’s degree in business, finance, economics, mathematics, or related field or equivalent combination of education and experience.
• At least eight (8) years of experience with advanced knowledge of power and gas positions, including risk management concepts, hedging solutions, and non-standard physical/financial products.
• Knowledge of energy risk management.
• Ability to handle multiple tasks in high pressure situations with uncertainty, ambiguity, and competing deadlines.
• Highly quantitative with the ability to do financial modeling with thorough analysis.
• Requires independent judgment using analysis of a variety of factors.
• Ability to multi-task and work autonomously in a stressful, dynamic environment with limited supervision.
• Ability to receive assignments in the form of objectives and determine tactical approach.
• Quick learning curve with the ability to receive, process, and transact on information.
• Must possess strong analytical and decision making skills and the ability to negotiate successful outcomes.
• Excellent communication and interpersonal skills.
• Strong collaboration skills with the ability to contribute to department level results and goals.
• Ability to self-motivate and create opportunities.

Desired Qualifications

• Knowledge of utility specific recovery strategies in trading roles.
• Experience with options and swaps.
• Solid understanding of generation, transmission, ISO/RTO/EIM (Energy Imbalance Market) markets and pipeline operations.
• Knowledge of Pacific Northwest regional transmission system.
• Knowledge of Western Systems Power Pool (WSPP) agreement.

Additional Information

At PSE we value and respect our employees and provide them opportunities to excel. We offer a competitive compensation and rewards package.

The pay range for this position is $138,500.00 - $230,500.00, and this position is eligible for annual goals based incentive bonuses. 

PSE offers a suite of benefits to our employees. Employees are eligible for medical, dental, vision, basic life, and short- and long-term disability insurance. There are additional voluntary options of supplemental life insurance, accidental death and dismemberment insurance, flexible spending accounts for health care and dependent daycare, and an Employee assistance program (EAP). For long term savings, PSE offers a 401(k) investment option and a cash balance retirement plan. Employees will also receive Paid Time Off (PTO) and Paid Holidays throughout the calendar year. Detailed benefit overviews can be found on our Career page - Why Work For Us (pse.com) .  

Families and businesses depend on PSE to provide the energy they need to pursue their dreams. Our steadfast commitment to serving Washington communities with safe, dependable and efficient energy started in 1873. Today we're building the Northwest's energy future through efforts like our award winning energy efficiency programs and our leadership in renewable energy. 

Puget Sound Energy is committed to providing equal employment opportunity to all qualified applicants. We do not discriminate on the basis of race, color, religion, sex, national origin, age, sexual orientation, gender identity, marital status, veteran status or presence of a disability that with or without reasonable accommodation does not prevent performance of the essential functions of the job, or any other category prohibited by local, state or federal law.

Should you have a disability that requires assistance and/or reasonable accommodation with the job application process, please contact the Human Resources Staffing department at jobs@pse.com or 425-462-3017.

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