Executive VP, Energy Rates & Procurement

Southern Maryland Electric Cooperative/ SMECO; Hughesville (MD); On-site; USD 150,000 - 250,000; Full time

Job summary

Southern Maryland Electric Cooperative (SMECO) is seeking a senior leader to manage hedge planning, risk controls, and power supply budgeting. The role interacts with ACES, NRCO, and SMECO governance to optimize energy portfolio performance.

The position requires extensive wholesale energy market experience, regulatory engagement and expertise in rate design, forecasting, and financial analysis. This is a full-time, on-site role based in Hughesville, MD.

Qualifications

• Eight years of progressive experience in electric utility operations, control or accounting.
• Experience with wholesale energy markets and risk management.
• ISO/RTO experience and knowledge of accounting procedures.
• Bachelor's degree in engineering, accounting or business; MBA preferred.

Responsibilities

• Initiates annual hedge plan and congestion strategy with ACES; ensures hedge execution aligns with plan.
• Develops SMECO's annual power supply budget and shares updates with committees and board.
• Directs risk, credit management for energy procurement and reports to senior management.
• Oversees SMECO’s participation in PSC, FERC, PJM and related regulatory activities.
• Directs rate design studies, filings and regulatory proceedings.
• Oversees long-term load forecasts and budget projections; manages PPCA and BSA models.
• Manages SMECO's load research to support rate design, forecasting and energy efficiency.
• Performs additional economic and quantitative analyses and budget preparation.

Skills

Power markets

Risk management

Financial analysis

Stakeholder communication

Education

Bachelors in eng/acct/bus

MBA or cert (EIT/PE/CPA)

Job description

Southern Maryland Electric Cooperative (SMECO) is seeking a senior leader to manage hedge planning, risk controls, and power supply budgeting. The role interacts with ACES, NRCO, and SMECO governance to optimize energy portfolio performance.

The position requires extensive wholesale energy market experience, regulatory engagement and expertise in rate design, forecasting, and financial analysis. This is a full-time, on-site role based in Hughesville, MD.