Costing and Power Supply Specialist

BP PLC; Houston, Northern (TX, KY); Hybrid; USD 90,000 - 140,000; Full time

Benefits offered by this job

Hybrid work model

Job summary

BP plc in Houston seeks an experienced professional to own the retail costing process for US deregulated markets. You will model cost components, automate reporting, and support pricing and gross margin decisions while coordinating with Regulatory and Compliance teams.

The role requires strong analytical skills, a background in economics/finance, and experience with cost structures in deregulated energy markets. Hybrid office/remote work is offered.

Qualifications

• Mid-level experience in a substantially similar role.
• Undergraduate degree in Business, Economics, Statistics, quantitative Finance or Engineering.
• Strong understanding of the retail power pricing process, including model development.
• Understanding of cost structures of deregulated electric markets, including capacity, transmission, ancillary services and losses.

Responsibilities

• Manage and develop the retail costing process for the assigned US deregulated markets.
• Analyze and model cost component risks and premiums.
• Develop, automate and maintain reporting of the cost components, strategies and methodologies that feed into pricing and gross margin models.
• Track, optimize and explain PnL for non-tradable components.
• Effectively manage the regulatory rate change process.
• Track and understand market and state rules that impact retail costing.

Skills

Analytical Thinking

Business Acumen

Negotiation

Data Analysis

Problem Solving

Education

Undergraduate degree in Business, Economics, Statistics, quantitative Finance or Engineering

Tools

Excel

SQL

VBA

Job description

Entity: Supply, Trading & Shipping Job Family Group: Supply & Trading Group Job Description:

About bp Our purpose is to bring together people, energy and markets to power and navigate a changing world. In a time of constant change and possibility we need new talent to pursue commercial opportunities, fueled by world-class insight and expertise. We’re always striving for more innovative digital solutions, sustainable outcomes and closer collaboration across our company and beyond, and you could be part of that too!

About the team

This team is filled with technical industry specialists, personable people, who are driven and capable to address all the complexities that come with working in Retail Power industry. In addition to costing & competitiveness, the team is also responsible for various commercial growth initiatives and unique products. We are the core of wider Retail Supply department driving improvements in execution, processes, and accuracy. Given wide breadth of the team's responsibilities, we touch a lot of different functional areas, including Sales, Operations, Finance and Risk.

Key Accountabilities

• Manage and develop the retail costing process for the assigned US deregulated markets with a focus on competitiveness and business growth while mitigating key exposures


• Analyze and model cost component risks and premiums


• Develop, automate and maintain reporting of the cost components, strategies and methodologies that feed into pricing and gross margin models


• Track, optimize and explain PnL for non-tradable components


• Effectively manage the regulatory rate change process


• Track and understand market and state rules that impact retail costing


• Work closely with regulatory and compliance team when appropriate


• Cost and support development of new product initiatives


• Serve as a SME for other functional departments, including Pricing and Operations, in ISO component level costing and settlements


• Obtain quarterly sign off for all costing methodologies and prices with appropriate groups


• Build and support information library and data infrastructure


• Serve as key SME to Sales and other customers on costing related questions


• Track and analyze competitiveness feedback


• Produce market collateral to Sales, channel partners and customers


• Present in customer meetings and seminars as requested by Sales


• Develop knowledge and experience in all deregulated energy markets in NA


• Other duties and responsibilities as may arise and may be assigned by management

Experience Requirements

• Mid level experience in a substantially similar role


• Undergraduate degree in Business, Economics, Statistics, quantitative Finance or Engineering


• Strong understanding of the retail power pricing process, including model development


• Understanding of cost structures of deregulated electric markets, including capacity, transmission, ancillary services and losses


• Proficient in collecting, querying, organizing and analyzing complex data, evaluating information and drawing logical conclusions


• Prior experience with working with ISO settlements data


• Advanced knowledge of Excel, VBA and SQL

Leadership Requirements

• Show leadership, be able to work autonomously, be resourceful and well organized


• Be a self-starting individual with ability to independently lead project teams and enact business process change


• Work across multi-disciplinary functions


• Able to interact at all levels of the organization with ease


• Highly motivated, self-sufficient and enthusiastic individual who has strong desire to grow within the company

Personal Profile

Strong academics with technical or economics/business focus.

Why Join bp

We are committed to fostering an inclusive environment in which everyone is respected and treated fairly. There are many aspects of our employees’ lives that are meaningful, so we offer benefits to enable your work to fit with your life, including a generous paid parental leave policy and excellent retirement benefits, among others! We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

Travel Requirement

Negligible travel should be expected with this role

Relocation Assistance

This role is not eligible for relocation

Remote Type

This position is a hybrid of office/remote working

Skills

• Agreements and negotiations


• Analytical Thinking


• Business Acumen


• Commercial Business Development


• Continuous Learning


• Customer promise execution


• Customer service delivery excellence


• Deal modelling and valuation


• Developing and implementing strategy


• Influencing


• Internal alignment


• Listening


• Loyalty Management


• Marketing strategy and programmes


• Negotiating value


• Negotiation planning and preparation


• Partner relationship management


• Presenting


• Sentiment and Trends


• Thought Leadership


• Trade discipline and compliance


• Trading Fundamentals


• Trading knowledge


• Writing skills

Legal Disclaimer

We are an equal opportunity employer. We do not discriminate on the basis of protected characteristics like race, religion, color, sex, national origin, sexual orientation, veteran status or disability status. Individuals with an accessibility need may request an adjustment/accommodation related to bp’s recruiting process (e.g., accessing the job application, completing required assessments, participating in telephone screenings or interviews, etc.). If you would like to request an adjustment/accommodation related to the recruitment process, please contact us. If you are selected for a position and depending upon your role, your employment may be contingent upon adherence to local policy. This may include pre-placement drug screening, medical review of physical fitness for the role, and background checks.

We’re an international energy company with global scale, ambitious plans and a team of brilliant people delivering energy to the world, today and tomorrow.