Portfolio Management Advisor_MKPS1J

Portfolio Management Advisor (MKPS1J) Location: Houston, United States (77056). This position is permanent and full‑time, reporting to the Director of Portfolio Management. Business Unit: Supply & Energy Management | Division: BP B2B US | Legal Entity: ENGIE North America Inc. Role Overview As a Portfolio Management Advisor, you will be accountable for delivering expected gross margin from retail contract sales across the Northeast and California deregulated power markets (CAISO, PJM, NEPOOL, NYISO, and MISO). The Advisor will own all aspects of the P&L for the retail power book, including detailed explanations of delivery month actuals, PPA’s, forward book MTM changes, and budget planning. Responsibilities include identifying risks, recommending hedge strategies, and taking direct action to hedge and manage all price and volume risk exposures inherent in the retail power business. You will collaborate with Portfolio Management Team members to formulate forward price curves for all COGS components of full‑requirements products and continuously calibrate costing assumptions to keep Engie competitive in the retail space. Additionally, you will interact with internal teams—Sales, Business Development, Origination, Trading, Operations, Risk Management, Marketing, and Digital—to achieve Engie Resources' objectives. Responsibilities Trade financial and physical instruments for Energy, Capacity, RECs, Ancillaries, FTRs, PPAs, Power Options, and Weather derivatives in support of the retail business. Validate load forecasts and oversee day‑ahead demand bid schedules. Produce and reconcile daily NOP and MTM reports. Aggregate revenue and cost data to measure portfolio profitability. Contribute to daily formulation and regular calibration of forward price curves for Energy, Capacity, Ancillary Services, RPS, NITS, and all other cost components of full‑requirements electricity products. Manage the price and volume risks associated with serving retail power load with various contractual obligations (fixed price, index, or hybrid). Research complex business problems and identify opportunities to design, develop, and propose actionable solutions in support of pricing, portfolio management, and margin analysis activities. Coordinate with various functional groups to review and validate customer revenue and ISO settlement data to gain insights into portfolio profitability. Provide insight into the drivers of portfolio P&L from budget development through final settlement. Follow and comply with industry specifications, standards, regulations, and laws. Research and produce ad‑hoc analysis on market fundamentals, risk exposure, customer load characteristics, cost components and regulatory issues to enhance competitiveness, optimize risk exposure, and improve portfolio profitability. Prepare and present market fundamentals presentations to internal and external customers. Participate in conference calls supporting Sales efforts with end‑user customers, brokers, and partners. Contribute to the development and enhancement of models and system platforms in support of costing and portfolio management activities. Support new product development activities through coordination with various internal functional groups. What You’ll Bring Bachelor's degree in a quantitative discipline such as Business, Economics, Engineering, Accounting, Mathematics, or Computer Science (or a combination of ten years of professional experience and relevant education/certification). Minimum of seven years of relevant experience in the retail power industry. Deep experience in retail power portfolio management, with expertise in full‑requirements cost components, particularly in PJM and MISO markets. Knowledge of energy market fundamentals, pricing methodologies, and hedging strategies to manage shape and swing risk. Strong analytical and problem‑solving skills, with the ability to communicate complex technical concepts clearly to senior leadership and cross‑functional teams. Proficiency in MS Excel and experience with data tools such as Python, VPBA, SQL, and Microsoft Power BI for managing and analyzing large datasets. Excellent organizational skills, attention to detail, and the ability to plan and prioritize effectively in a fast‑paced environment. Clear communication with strong written and verbal skills, able to think critically and logically under pressure. Additional Details This role is eligible for our hybrid work policy; a hybrid schedule of in‑office and work‑from‑home days. Must be willing and able to comply with all ENGIE ethics and safety policies. Compensation Salary Range: $117,300 – $179,860 USD annually (average expected pay range for a qualified candidate). ENGIE complies with all federal, state, and local minimum wage laws. Actual salary offered may vary based on geography, experience, education, internal pay alignment, or other bona fide factors. In addition to base pay, this position is eligible for a competitive bonus/incentive plan. Benefits ENGIE’s comprehensive benefits package includes medical, dental, vision, life insurance, employer‑paid short‑term and long‑term disability insurance, ESPP, generous paid time off including wellness days, holidays and leave programs, and a 401(k) Retirement Savings Plan with company match. Supplemental benefits for full‑time employees support emotional and physical well‑being across all life stages. Equal Opportunity Employment ENGIE North America is an equal opportunity workplace and we are committed to creating an inclusive workplace for all employees. All qualified applicants will receive consideration for employment without regard to race, color, sex, sexual orientation, gender identity, religion, national origin, disability, veteran status, or other legally protected status. If you need assistance with this application or a reasonable accommodation due to a disability, you may contact us at View email address on click.appcast.io. This email address is reserved for individuals with disabilities in need of assistance and is not a means of inquiry regarding positions or application status. We are unable to sponsor any type of employment visa for this role at any time. The safety of our employees is our number one priority. All employees at ENGIE have the duty and the authority to STOP WORK if unsafe acts are observed. #J-18808-Ljbffr ENGIE North America Inc.