Portfolio Management Advisor_MKPS1J

Engie; Houston (TX); Hybrid; USD 117,000 - 180,000; Full time

Benefits offered by this job

Hybrid work policy

401(k) Retirement Savings Plan with 회사

Company-matching 401(k) plan

Job summary

ENGIE North America in Houston, TX seeks a Portfolio Management Advisor to own P&L for the retail power book and to lead hedging and pricing strategies. You will coordinate with Sales, Origination, Trading, Risk, and Operations to optimize profitability in deregulated markets across CAISO, PJM, NEPOOL, NYISO, and MISO.

You will validate forecasts, develop forward curves, and present market fundamentals to leadership, ensuring compliance with industry standards in a hybrid work environment.

Qualifications

• Bachelor's degree in a quantitative discipline or equivalent experience.
• 7+ years of relevant experience in the retail power industry.
• Deep experience in retail power portfolio management, especially PJM and MISO.
• Knowledge of energy market fundamentals, pricing methodologies, and hedging strategies.

Responsibilities

• Trade financial and physical instruments for Energy, Capacity, RECs, and related products.
• Validate load forecasts and oversee day-ahead schedules.
• Produce and reconcile daily NOP and MTM reports.
• Aggregate revenue and cost data to measure profitability.
• Calibrate forward price curves for Energy, Capacity, and related costs.
• Manage price and volume risk for retail load.
• Coordinate with Sales, Origination, Trading, Risk, and Operations to gain insights.

Skills

MS Excel

Python

SQL

Power BI

Education

Bachelor's degree in a quantitative discipline

Ten years of experience or related education/certification

Job description

As our Portfolio Management Advisor, you will be directly accountable to deliver expected gross margin originated from retail contract sales, focusing on all Northeast and California deregulated power markets (CAISO, PJM, NEPOOL, NYISO, and MISO). The Advisor will own all aspects of P&L related to their retail power book, including detailed explanation of delivery month actuals, PPA's, forward book MTM changes, and budget planning. The Advisor will be responsible for identifying risks, recommending hedge strategies, and taking direct action to hedge and manage all price and volume risk exposures inherit in retail power business. In collaboration with other key members of the Portfolio Management Team, the Advisor will share responsibility in formulating forward price curves for all COGS components of full- requirements products and continuous calibration of costing assumptions to ensure Engie remains competitive in retail space and share accountability to meet Sales goals. The Advisor will also interact with other internal teams to meet Engie Resources' objectives, including Sales, Business Development, Origination, Trading, Operations, Risk Management, Marketing, and Digital teams.

This position is located in Houston TX and reports to Director of Portfolio Management.

• Trade financial and physical instruments for Energy, Capacity, RECs, Ancillaries, FTRs, PPAs, Power Options, and Weather derivatives in support of 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, i.e. 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 PnL 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, various cost components and regulatory issues to enhance competitiveness, optimize risk exposure, and optimize the profitability of the portfolio
• Prepare and present market fundamentals presentations to internal and external customers
• Participate in conference calls in support of Sales efforts with end-user customers, brokers, and other 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

• You hold a Bachelor's degree in a quantitative discipline such as Business, Economics, Engineering, Accounting, Mathematics, or Computer Science. In lieu of a degree, we will accept a combination of ten (10) years of professional experience and other education/certification experience for the role
• A minimum of seven (7) years of relevant experience in the retail power industry
• You have deep experience in retail power portfolio management, with expertise in full-requirements cost components particularly in PJM and MISO markets
• You are knowledgeable in energy market fundamentals, pricing methodologies, and hedging strategies to manage shape and swing risk
• You have strong analytical and problem-solving skills, with the ability to communicate complex technical concepts clearly to senior leadership and cross-functional teams
• You are proficient in MS Excel and experienced with data tools such as Python, VPBA, SQL, and Microsoft Power BI for managing and analyzing large datasets
• You have excellent organizational skills, attention to detail, and the ability to plan and prioritize effectively in a fast-paced environment
• You are a clear communicator with strong written and verbal communication skills, and can think critically and logically under pressure

Additional Details

• This role is eligible for our hybrid work policy; hybrid work schedule of both 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 This represents the average expected pay range for a qualified candidate. ENGIE complies with all federal, state, and local minimum wage laws. Actual salary offered may vary depending 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. Your Talent Acquisition Partner can share more specific information regarding the benefits or the salary for the position based on the work location. At ENGIE, we take your well-being seriously. Our comprehensive benefits package includes options for 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. We also help you plan for retirement by offering a 401(k) Retirement Savings Plan with a company match. But that's not all - we're dedicated to the health and happiness of your entire family, offering supplemental benefits for full time employees that enhance emotional and physical well-being through all stages of life from family forming to caregiver benefits. Explore our benefits package to see how we can support you. Learn more .

Why ENGIE?

ENGIE North America isn't just participating in the Zero-Carbon Transition, we're leading it! Join us as we develop energy that is renewable, efficient, and accessible to everyone. At ENGIE, every talent has a role to play in the adventure of the century. Make a difference and enjoy a fulfilling professional experience. Take on exciting challenges and build a career path that reflects who you are.

Join us and be part of the adventure!

ENGIE is proud to be an equal opportunity workplace, and we are firmly committed to creating an inclusive workplace for all employees. We are committed to providing employees with a work environment free of discrimination and harassment. 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 . 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 or take over sponsorship of an employment visa for this role at any time. The safety of our employees is our number one priority. All employees at ENGIE have both a duty and the authority to STOP WORK if unsafe acts are observed.

Company Name: ENGIE North America Minimum Base Salary: Maximum Base Salary: Pay Basis: