Power Market Analyst

Location: Newark, New Jersey US

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Job Number: 416

External Description: Requisition ID: 63082

Job Function/Category: Power

Employment Type: Exempt Full Time

This is an exciting time to be joining PSEG. Our commitments, which include safety, integrity, customer focus, and diversity & inclusion, are the fabric of our culture and help drive the success of our business. We are fortunate to have an outstanding workforce of diverse and highly skilled talent who move us forward in our operational excellence journey. PSEG has more than 12,000 employees who are dedicated to the communities we serve and embody our vision: People providing Safe, Reliable, Economic and Greener Energy.

Job Responsibilities

• Develop, analyze, and manage detailed intra month profit and loss forecasts for each of the ER&T generation and trading regions • Analyze and explain variances between actual operation results and the business plan • Devleop and manage a shadow settlement process for each ISO • Document and manage the process to recoup claims with ISO for billing inaccuracies • Perform ad hoc independent analysis of p&l and other financial and unit performance metrics in support of ER&T senior management and trading • Develop calculations on ISO load related ancillary charges • Develop and maintain relationships with each regional power pool

Job Summary

• Perform short-term portfolio analysis focusing on key drivers of financial results. • Provide Operations team an analysis of daily activity focusing on Generation, Load, and Hedge performance. • Provide comparisons to specific benchmarks like the business plan and/or day over day results. • Present analysis to the Operations team and PSEG leadership on a daily, weekly, and monthly basis. • Prepare required Regulatory / Compliance reports in support of EQR reporting and other ER&T key controls. • Validate the accuracy of ISO settlements and when necessary manage the ISO dispute resolution process. • Review, analyze, and prepare necessary reports to meet financial, regulatory and contractual requirements. • Ensure adequacy of functional controls while working with both internal departments and external vendors to provide accurate financial reporting. • Assist in the development and testing of system applications used to support reporting needs. • Prepare and analyze financial and operating data for the valuation of wholesale power transactions. • Prepare ad hoc reports using Aligne, PCI, ISO Reporting Tools, Power Data Warehouse, and other internal systems.

Job Specific Qualifications

Required:

Associate Power Market Analyst
• Bachelor's Degree or six years professional experience • Minimum one year experience in the energy field
Power Market Analyst:
• Bachelor's Degree or six years professional experience • Minimum of three years power market or power trading experience
Senior Power Market Analyst:
• Bachelor's Degree or six years professional experience • Five or more years power market or power trading experience
Desired :
• Knowledge of energy markets and products, trading instruments including swaps, options, and futures. • Results oriented with excellent written and verbal communication skills • Possess problem solving initiative and the ability to work independently • Understanding of margin calculations in key areas like Generation, Load, or Hedging. • Experience using ISO Reporting Sites, Aligne, PCI, and Power Data Warehouse. • Advanced knowledge of Excel

Disclaimer

Certain positions at the Company may require you to have access to Part 810-Controlled Information. Under the law, the Company is limited in who it can share this information with and in certain circumstances it is necessary to obtain specific authorization before the Company can share this information. Accordingly, if the position does require access to this information, you must complete a 10 CFR Part 810 Export Control Compliance Nationality Request Form, a copy of which will be provided to you by Talent Acquisition if an offer is made. If there is a need for specific authorization, due to the time it takes to obtain authorization from the government, we will likely not be able to further proceed with an offer.

As an employee of PSE&G or PSEG Long Island, you should be aware that during storm restoration efforts, you may be required to perform functions outside of your routine duties and on a schedule that may be different from normal operations.

This site ( http://www.pseg.com ) is strictly for candidates who are not currently PSEG employees. PSEG employees must apply for jobs internally through empower which can be accessed through the mypseg homepage by clicking on the employee center tab, then under the empower header, choose careers.

Business needs may cause PSEG to cancel or delay filling position at any time during the selection process.

Certain positions at the Company may require you to have access to Part 810-Controlled Information. Under the law, the Company is limited in who it can share this information with and in certain circumstances it is necessary to obtain specific authorization before the Company can share this information. Accordingly, if the position does require access to this information, you must complete a 10 CFR Part 810 Export Control Compliance Nationality Request Form, a copy of which will be provided to you by Talent Acquisition if an offer is made. If there is a need for specific authorization, due to the time it takes to obtain authorization from the government, we will likely not be able to further proceed with an offer.

Public Service Enterprise Group (PSEG) is an equal opportunity employer, dedicated to a policy of non-discrimination in employment, including the hiring process, based on any legal protected characteristic. Legally protected characteristics included, race, color, religion, national origin, sex, age, marital status, sexual orientation, disability, or veteran status or any other characteristic protected by federal, state, or local law in locations where PSEG employs individuals.

Need to request an accommodation?

If you have a disability and need assistance submitting your resume, applying for a position or registering for a test, please call 973-430-3845. Any information provided regarding a disability will be kept strictly confidential and will not be shared with anyone involved in making a hiring decision.

rsrpseg

Nearest Major Market: Newark
Nearest Secondary Market: New York City
Job Segment: Law, Compliance, Data Warehouse, Recruiting, Legal, Technology, Human Resources

Job Number: 63082

Community / Marketing Title: Power Market Analyst

Location_formattedLocationLong: Newark, New Jersey US

 

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