sr. power trader – portfolio management

Job Title:

SR. POWER TRADER – PORTFOLIO MANAGEMENT & SUPPLY

Job Code:

SES415

At Shell Energy Solutions, we believe there is a better way to power your business and home.

Aligned with Shell's ambition to be a significant global power business and to become net zero by 2050, our cleaner, affordable, and simple solutions help companies manage their energy spend and plan their sustainability roadmap - a fresh approach for environmentally conscious businesses that are looking to boost their sustainability credentials. We also have set out to deliver the absolute best experience to our customers across all our channels. 

Shell Energy Solutions' mission is to deliver cleaner energy solutions for a brighter tomorrow by guiding customers toward a better energy future, enabling customer choice, and providing market-leading energy solutions.

Going beyond for our customers is what we are all about and we have set out to deliver the very best experience to our customers across all our channels. But bigger challenges lie ahead, and we need to keep moving forward. Are you ready to help us get there?

WHERE YOU FIT IN

We are looking for a highly motivated individual with a genuine interest in energy, technology, and a passion to deliver performance driven results for a growing company. The Sr. Power Trader is responsible for wholesale price and retail position management for regional power exposure. The candidate must have prior ERCOT position management experience. Collaborate with our Sales and Pricing teams to develop retail structured products that large commercial and industrial customers value. Be a subject matter expert in fundamental analysis and regulatory policy formation in specific ISOs. Capture retail gross margin as well as implement optimization strategies to capture additional profit opportunities or minimize losses.

Reporting to the Chief Risk Officer, the role requires a self-motivated, dedicated, and responsible individual with the ability to perform well under pressure.

JOB DUTIES & RESPONSIBILITIES

• Build and foster commercial relationships with wholesale bilateral counterparties
• Manage book exposures within risk management limits and capture priced retail margins
• Assist gross margin analytics team on revenue and cogs estimates to actuals for variance explanations and effective hedge testing
• Forecast commodity cost curves for retail pricing, risk metrics and book revaluation
• Schedule physical bilateral contracts and DAM activities with various ISOs
• Enter wholesale trade in deal capture system and validate deal entry accuracy
• Provide SME market fundamental and policy formation commentary for sales presentations and customer interaction
• Collaborate with load forecasting team to understand daily load forecast changes, model bias and approve load forecast adjustments for position management
• Backup risk management and commodity price forecasting for other ISOs as needed

ESSENTIAL SKILLS AND EXPERIENCE

Successful job applicants will be able to perform these functions. Reasonable accommodations will be made to enable individuals with disabilities to perform the essential functions.

• 4+ years' experience in a trading/commercial role or risk management capacity
• Bachelor's degree, Master, or Advanced Degree (or in process) Preferred 
• Comfortable working in a target driven and fast-paced environment
• Strong analytical and critical thinking skills; must be able to provide timely and accurate data analysis
• Strong technical and data analysis skills in PowerBI, SQL and VBA preferred
• Strong business writing skills and experience developing communication in various formats.
• Learner mindset and eye for continuous improvement needs.
• Excellent organization and time management skills, with the ability to maintain a strict level of attention to detail
• Ability to work well within a team environment and demonstrate a personal stake in aligned team goals and objectives
• Excellent interpersonal and verbal communication skills, with the ability to establish and maintain positive and effective working relationships.
• Self-motivated with the desire and curiosity to consistently improve performance and gain further knowledge
• Ability to meet deadlines, learn quickly, and demonstrate effective problem-solving and follow-up skills
• Comply with company policies and procedures.

LOCATION AND WORK SCHEDULE

• Required to be in-person in Houston, TX
• Hybrid workplace environment (Required to be in office 3 days a week)

BENEFITS OF WORKING WITH SHELL ENERGY SOLUTIONS

• Competitive Compensation
• Health Care - Medical/Dental/Vision/Prescription Drug Coverage
• 401(k) with Company Matching Contributions
• Flexible Spending Accounts (FSA)
• Health Savings Accounts (HSA)
• Disability Programs (STD & LTD)
• Employee Basic Term Life Insurance
• Generous Vacation & Company Holidays
• Flexible hybrid working schedule
• Training and coaching
• Tuition Reimbursement
• Paid Parental Leave
• And much more

SHELL ENERGY VALUES

Shell Energy Solutions is a company with shared values. Honesty, integrity, and respect are not simply a strapline; they are part of everything we do. What is more, Shell Energy Solutions is an equal opportunities company, and we place the highest possible value on the diversity of our people and our inclusive approach. Join us and you will belong to a world where you are proud of your achievements and propel your career with global opportunities. We care deeply about fostering a truly diverse workplace.

*Job descriptions are not intended as, nor should be construed to be, exhaustive lists of all responsibilities, skills, efforts, or working conditions associated with a job. They are intended to be accurate reflections of those principal job duties and responsibilities essential for making fair pay decisions about the job.