Energy Market Trader

2 weeks ago

Bellevue, Washington, United States The Energy Authority Full time

About The Energy Authority

The Energy Authority is a nonprofit organization owned by public power, with offices located in Jacksonville, Florida, and Bellevue (Seattle), Washington. TEA offers public power utilities access to advanced resources and technology systems, enabling them to compete effectively in the evolving energy markets. By partnering with TEA, utilities gain the advantage of an experienced organization dedicated to maximizing the value of their assets in the market.

TEA Values

Employees at TEA share a unified sense of purpose. When TEA fulfills its mission, it enhances the quality of life for the citizens and businesses in the communities served by our clients.

TEA staff consistently exceed the expectations of those they serve, delivering services with the utmost standards of fairness, honesty, and ethical conduct. They set the benchmark for service and expertise in our industry, embody a spirit of collaboration, and embrace TEA's entrepreneurial roots by seizing opportunities to create value.

If you are self-driven, committed to excellence, and passionate about your career, TEA is the ideal workplace for you.

It's YOUR Future. It's OUR Future.

Join Our Team as an Energy Market Trader in Bellevue

Are you prepared to engage in a dynamic role at the core of the Western US energy market? As an Energy Market Trader, you will negotiate hourly energy transactions across various trading hubs, managing a diverse portfolio of power generation assets, including clean renewable hydroelectric power. You will play a pivotal role in maximizing asset value for various public utility districts, all of which are not-for-profit and community-owned.

In this position, you will collaborate with forward traders, portfolio managers, and analysts to formulate and implement innovative risk management strategies. Through our economies of scale, extensive experience, and proprietary optimization technologies, we generate significant value for our clients, assisting in reducing costs for their rate-paying customers.

What You'll Do:

  • Oversee multiple client portfolios in real-time
  • Forecast hourly loads and assess energy and transmission alternatives
  • Develop, negotiate, and execute strategic business transactions
  • Analyze market conditions and devise trading strategies
  • Coordinate communications regarding power supply needs and transactions
  • Monitor SCADA alarm systems, PowerBiz, real-time system metering, and iCRS
  • Schedule energy and reserve transactions and manage transmission reservations
  • Maintain client resource mixes, tagging methodologies, and scheduling requirements
  • Accurately document purchase and sale transactions

Why You'll Appreciate Working Here: Our 24/7 market necessitates a rotating 12-hour shift schedule, ensuring continuous trading coverage. This unique schedule provides you with:

  • Flexibility and Balance: Enjoy extended periods of time off integrated into your schedule to recharge, pursue personal interests, and maintain a healthy work-life balance.
  • Dynamic Environment: Operate in an open trading floor designed for swift communication and idea sharing, fostering a collaborative and energetic atmosphere.
  • Continuous Learning: With exposure to diverse market conditions and transactions, you will encounter new learning opportunities every day—ensuring a stimulating work environment.
  • Career Growth: Mentor and support new traders, and fill in for other trading floor roles, broadening your skills and career prospects.

Qualifications:

  • A bachelor's degree from an accredited four-year college or university is required; an advanced degree is a plus.
  • Prior experience in the energy sector and familiarity with trade capture systems is advantageous.

Compensation:

  • Competitive base salary ranges based on role, level, and location.
  • Annual target short-term incentive rate based on corporate, team, and individual performance.

Benefits:

  • Paid time off starting at 17 days per year, plus nine paid holidays
  • 401(a) employer contribution and 457(b) deferred compensation retirement savings plans
  • Medical, dental, vision, life, AD&D, and disability insurance
  • Health savings and flexible spending accounts
  • Excellent work-life balance and company culture with high visibility to senior executives

Ready to make a meaningful impact in the energy market while enjoying a flexible, balanced lifestyle? Join our innovative team and elevate your career.

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