(Sr.) (Lead) (Principal) Energy Analyst/Engineer (II)

PJM Interconnection, LLC; Audubon (IA); Hybrid; USD 95,000 - 135,000; Full time

Benefits offered by this job

Medical, vision and dental insurance

401(k) plan with 100% employer match

Vacation and paid holidays

Tuition reimbursement

Life insurance

Disability insurance

Employee assistance program

Adoption benefits referenced by PJM

Job summary

PJM Interconnection, LLC is seeking a Sr. (Lead) Analyst/Engineer to support Capacity Market Operations and help manage one of the world's largest wholesale markets. You will steer the RPM auction process, perform financial analyses, and document functional requirements for system upgrades.

Hybrid work in Audubon, PA with a focus on collaboration and transparency. Qualifications include a Bachelor degree and 3+ years in data analytics using SAS/SQL/Python, plus strong Excel skills and knowledge

Qualifications

• Bachelor degree required in economics, engineering, finance or CS.
• Minimum 3 years of data analytics and quantitative analysis using SAS, SQL or Python.
• Ability to consolidate data into meaningful information.
• Attention to detail with quality controls to minimize risks.
• Proficient in MS Excel for complex workbooks.
• Knowledge of electricity wholesale markets.

Responsibilities

• Administer the auction process and publish analyses.
• Perform financial analysis of plant costs and revenues for floor/cap prices.
• Provide exceptional customer service to PJM members.
• Address customer issues clearly and professionally.
• Develop performance metrics, reports and presentations.
• Collaborate to define and test system solutions for market rule changes.
• Read PJM Tariff/Manuals to translate rules into processes.
• Develop and update training materials for stakeholders.

Skills

SAS

SQL

Python

Education

Bachelor degree in Economics, Engineering, Finance or CS

Tools

MS Excel

Job description

Flexible Work Arrangement: Hybrid - Audubon, PA

The Sr. (Lead) Analyst/Engineer will support the Capacity Market Operations Department to successfully manage the $12 billion per year PJM Capacity Market that is used to ensure the reliability of the PJM system. This is a dynamic and exciting area where the PJM resource mix and associated market rules evolve based on competition, public policy and new technologies. The team manages all aspects of the capacity market including helping our members with their specific needs. The candidate will have the opportunity to help determine the future policy, processes and systems to support one of the largest capacity wholesale markets in the world. The candidate will help manage the capacity auction clearing process and associated financial settlement. This will involve the management of the inputs, optimization engine and outputs of the RPM auction clearing process and the publication of associated public reports. The candidate will also help with the financial analysis of default minimum offer prices, default maximum offer prices, reference resource price used to determine the demand curve and power plant estimated net revenues. The candidate will support various software integration projects to implement changes to PJM market rules and upgrades to new technology. The successful candidate will be responsible for documenting detailed functional and technical requirements, will work closely with the software development team to implement those requirements, and will be responsible for ensuring the software delivery meets the business need. The candidate will support various software integration projects to implement changes to PJM market rules and upgrades to new technology. The successful candidate will be responsible for documenting detailed functional and technical requirements, will work closely with the software development team to implement those requirements, and will be responsible for ensuring the software delivery meets the business need.

Essential Functions:

• Administer the auction process and publish the associated analysis of the results.
• Financial analysis of power plant costs and revenues to determine default floor and cap prices used for mitigation and price used to determine the demand curve.
• Provide exceptional customer service to the membership.
• Must be able to address specific customer issues in a clear, concise and professional manner through excellent communication.
• Develop and produce performance metrics, reports, empirical analysis and presentations to improve the transparency and operation of the PJM Capacity market.
• Work on a collaborative basis to determine, define and test system solutions for changes in market rules and/or to improve the effectiveness of the overall operational processes.
• Read, analyze and understand PJM Tariff and Manuals in order to convert market rules into robust operational processes.
• Develop and update training material (MS PowerPoint documents) and assist with training stakeholders.

Characteristics & Qualifications:

• Required Bachelor Degree: Economics, Engineering, Finance, Computer Science or other similar major.
• At least3years of experience in data analytics and quantitative analysis using SAS, SQL, Python or other similar tools.
• Must be able to consolidate data into meaningful information.
• Track record that demonstrates attention to detail – must be able to verify work is complete and accurate.
• Implement quality controls to minimize operational risks.
• Proficient with MS Excel including the development and maintenance of complex workbooks.
• Customer focused with ability to communicate effectively (verbal and written)
• Knowledge of electricity wholesale markets.
• Preferred Graduate degree (PhD, MA,MS or MBA)
• Experience with the PJM capacity market rules and the settlement process.
• Power plant financial modelling and analysis

PJM employees work collaboratively to maintain the reliability of North America’s largest centrally dispatched electric grid and to operate one of the world’s largest competitive wholesale electricity markets. We seek talented candidates who thrive in a diverse, challenging and creative environment where they have opportunities to grow, learn new skills and build a career.

Learn more about PJM by visiting the Learning Center. Discover your potential at PJM Interconnection! We are proud of our company’s history, culture and community. As the nation’s largest grid operator, the work we do every day requires every one of us. We recognize and appreciate the different abilities, backgrounds, perspectives, experiences, cultures and needs of each individual. If you're seeking a dynamic and supportive workplace that values innovation and creativity, we invite you to explore opportunities with our team.

• Medical, vision and dental insurance
• 401(k) plan with 100% employer match up to 5% of salary
• Non-elective 401(k) employer contribution
• Vacation and paid holidays
• Tuition reimbursement
• Life insurance
• Accidental death and dismemberment insurance
• Short-term and long-term disability coverage
• Business travel and accident insurance
• Child day care referral program
• Employee assistance program
• Adoption benefits recognized by the Dave Thomas Foundation for Adoption, which has named PJM one of the best adoption-friendly energy and utility companies in America.