Retail Power Costing & Analytics Specialist

Oil Authority; Houston, Northern (TX, KY); Hybrid; USD 100,000 - 140,000; Full time

Benefits offered by this job

Hybrid work model

Job summary

bp in Houston seeks a mid-level cost analyst to manage the retail costing process for US deregulated markets, focusing on competitiveness and growth. You will model cost components, automate reports, and explain PnL for non-tradable items.

You will collaborate with Pricing, Operations, Finance and Risk to implement pricing strategies, settle ISO data, and support new product initiatives within a hybrid work setup.

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.
• 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.

Responsibilities

• 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.

Skills

Analytical Thinking

Business Acumen

Negotiation

Presenting

Team Collaboration

Education

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

Tools

Excel

VBA

SQL

Job description

bp in Houston seeks a mid-level cost analyst to manage the retail costing process for US deregulated markets, focusing on competitiveness and growth. You will model cost components, automate reports, and explain PnL for non-tradable items.

You will collaborate with Pricing, Operations, Finance and Risk to implement pricing strategies, settle ISO data, and support new product initiatives within a hybrid work setup.