Sr. Market Design Specialist I (II)

PJM Interconnection, LLC; Audubon (IA); Hybrid; USD 90,000 - 140,000; 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 coverage

Adoption benefits

Job summary

PJM Interconnection, LLC is seeking a Market Design Specialist to help design, analyze, and optimize market structures across PJM’s markets, ensuring reliability amid the energy transition. You will collaborate with diverse teams, stakeholders, and regulators to develop innovative solutions addressing evolving electricity market needs.

You will perform market analysis, develop design concepts, and support filings with legal counsel while leading cross-functional initiatives to achieve consensus

Qualifications

• Bachelor's degree in Engineering, Computer Science, Business, Economics or Mathematics or equivalent work experience.
• 5 years of experience Engineer/Analyst position.
• Ability to produce high-quality work with attention to detail.
• Experience in quantitative and qualitative analysis.
• Ability to use mathematical and electrical theory.
• Ability to troubleshoot and provide technical support.
• PJM is not STEM OPT eligible.
• Immigration sponsorship is not available for this position.

Responsibilities

• Conduct comprehensive analysis of electricity market trends and PJM market rules to inform design decisions.
• Develop and analyze market design concepts and strategies to keep PJM at the forefront.
• Prepare position papers to support market design alternatives and internal decisions.
• Work with legal counsel on drafting filings and revisions to governing documents.
• Lead complex market design initiatives and drive cross-functional teams to consensus.

Education

Bachelor's degree in Engineering, Computer Science, Business, Economics or Mathematics

Job description

Flexible Work Arrangement: Hybrid This position is seeking a talented and motivated Market Design Specialist to join our dynamic team. The Market Design Specialist will work directly with the Manager of market design in support of significant market design enhancements across all PJM's markets and will be responsible for designing, analyzing and optimizing the market structures and rules to ensure efficiency, sustainability, and of most importance, reliability of the power system amongst the energy transition. You will collaborate with interdisciplinary teams, PJM stakeholders, and regulatory bodies to develop innovative solutions that address the evolving needs of the electricity markets. If you are passionate about shaping the future of electricity markets, draw satisfaction from solving complex problems, and building consensus among large groups of people – this job is for you!

Essential Functions:

Market Analysis and Research:

• Conduct comprehensive analysis of electricity market trends and other ISO/RTO market rules and practices to identity opportunities or inform design decisions

Market Design and Analysis:

• Demonstrates the ability to work independently in the performance of complex studies and analysis of issues.
• Offers concepts and strategies pertaining to market design that will enable PJM to remain at the top of its field.
• Possesses a working knowledge of PJM markets and understanding of the PJM Agreements and Tariffs.
• Applies expertise in solving new and complex problems and develops innovative strategies to evolve the PJM markets.
• Develops position papers to support market design alternatives and facilitate internal decision making on complex market design matters.

Stakeholder and Regulatory Engagement:

• Manages the conflicting expectations of the various sectors represented by the market participants.
• Develops and delivers presentations on complex ideas to internal and external stakeholders.
• Assists in the development of revisions to the PJM governing documents to support proposed market design changes.
• Works closely with PJM legal counsel in the development of FERC filings to support proposed market design changes, including drafting and revising transmittal letters and affidavits.

Project Management:

• Leads the implementation of complex market design initiatives, driving cross-functional internal teams to consensus on selected market design approaches.

Characteristics and Qualifications:

Required:

• Bachelor's degree in Engineering, Computer Science, Business, Economics, Mathematics or equivalent work experience
• 5 years of experience Engineer/Analyst position
• Ability to produce high-quality work products with attention to detail
• Experience in quantitative and qualitative analysis
• Ability to use mathematical and electrical theory
• Ability to troubleshoot and provide technical support
• PJM is not STEM OPT eligible.
• Immigration sponsorship is not available for this position.

Preferred:

• MS degree in Engineering or at least 8 years of experience
• Sr. Engineer/Sr. Analyst At least 8 years of experience Sr. Engineer/Sr. Analyst Experience with PJM operations, markets, and planning functions

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.