Real-Time Trader, West

Job Description

Job Description

About The Energy Authority

The Energy Authority is a public power-owned, nonprofit corporation with offices in Jacksonville, Florida, and Bellevue (Seattle), Washington. TEA provides public power utilities with access to advanced resources and technology systems so they can respond competitively in the changing energy markets. Through partnership with TEA, utilities benefit from an experienced organization that is singularly focused on deriving the maximum value of their assets from the market.

Join Our Team as a Real-Time Trader !

Real-Time traders in Bellevue negotiate hourly energy transactions at various trading hubs across the Western US. We manage a diverse portfolio of power generation assets, including clean renewable hydroelectric power derived from a system of dams across the Federal Columbia River Power System. The clients that we serve consist of various-sized public utility districts located in Washington and Oregon, all of whom are not-for-profit and community-owned. We collaborate with forward traders, portfolio managers, and analysts to build and deploy risk management strategies. Through economies-of-scale operations, depth and breadth of experience, and proprietary optimization technologies, we create value for our clients by maximizing the value of their assets in the bulk electric market thus helping to reduce costs to their rate-paying customers.

About the TEAm

Successful traders apply strong financial skillsets and commercial instincts to inform sound decision-making in a highly competitive environment . We must monitor and respond quickly to large amounts of dynamic data across various software platforms, so attention to detail and multitasking are important strengths. Collaboration and teamwork are essential to accomplishing our goals, so we work on an open trade floor that is designed to facilitate quick communication and sharing of ideas. Our market is 24/7, which means we work in grouped rotational shifts around the clock to serve the continual need for electric consumption. To balance these non-standard working hours, we also enjoy long stretches of time-off built into our schedules to recharge and devote towards personal interests.

Essential duties and Responsibilities include the following:

• Simultaneously manages portfolios in real-time for multiple clients
• Forecasts hourly loads
• Analyzes energy and transmission alternatives to optimize profits and ensure delivery
• Interacts with the market participants to develop, negotiate, and execute opportunistic business transactions that create value for the company
• Evaluates the current value of thermal and storage resources relative to the market
• Evaluate market conditions and develop trading strategies to optimize the use of available resources
• Coordinate client and intra-TEA communications on power supply needs and transactions
• Monitors
• SCADA alarm system
• PowerBiz
• Real-time system metering
• iCRS
• Coordinates
• Scheduling of energy and reserve transactions
• Tagging of energy transactions
• Manage transmission reservations and negotiate transmission sales / purchases
• Pro-actively pursues transmission opportunities on behalf of Members, Partners and TEA
• Coordinate between clients, counterparties, control areas and transmission providers to ensure the reliable receipt and delivery of power
• Maintains
• Client's resource and obligation mix
• Current tagging methodologies and requirements
• Current scheduling methodologies and requirements
• Current applications, web sites, spreadsheets and other tools needed to effectively manage the portfolios under their control
• Data Entry Tasks
• Accurately records purchase and sale transactions on appropriate blotters or trade tickets and ensures that all necessary transaction details are entered into TEA’s deal capture system
• Obtains market discoveries and market clearing prices
• Confirms hourly transactions, including total MWh’s, transaction price, Point of Receipt or Point of Delivery with counter-parties in order to ensure accuracy

Miscellaneous

Work on a rotating 12-hour shift to provide trading coverage on a 7/24/365 day basis and be prepared to provide trading support during natural disasters, at back up facility, and/or team related emergencies. This position may be called on to fill in for other trading floor positions (Support Specialist, Day-Ahead Power Management Specialist, etc.) when needed. Provide training and support to new traders and support specialists about TEA business practices, processes, and procedures. Ensure that all relevant aspects including energy price, transmission, counter party contractual and credit limits terms, are in compliance with TEA’s and member risk policies (if applicable).

Education and/or Experience

Bachelors’ degree from a four year accredited college or university required, advanced degree a plus. Previous experience in the energy industry and with trade capture systems is a plus.

COMPENSATION

Our base salary ranges are determined by role, level, and location. Job-related skills, experience, and relevant education or training determine individual pay within the range. You may be hired at entry, mid, or senior level - $92,241 - $124,797; $108,519 - $146,820; $137,786 - $186,416, with an annual target short-term incentive rate of 30% of base salary based on corporate, team, and individual performance.

Benefits include paid time off beginning at the rate of 17 days per year, nine paid holidays, 401(a) employer contribution and 457(b) deferred compensation retirement savings plans, medical, dental, vision, life, AD&D, and disability insurance, and health savings and flexible spending accounts.

In addition, we offer great work-life balance and company culture with exposure to clients and high visibility to senior executives. Learn new things every day – you will never be bored!

TEA Values

TEA employees share a common sense of purpose. When TEA accomplishes its mission, the result is improved quality of life for the citizens and businesses of the communities our clients serve.

TEA employees exceed the expectations of those they serve, deliver services with the highest standards of fair, honest, and ethical behavior, set the standard for service and expertise in our industry, embody a spirit of collaboration, and embrace TEA’s founding entrepreneurial spirit by seizing opportunities to deliver value.

If you are self-motivated, driven to deliver excellence, and passionate about your career, TEA is the perfect place for you.

It’s YOUR Future. It’s OUR Future.