Trader - PJM

Systems Unlimited, Inc.; Georgia; Hybrid; USD 110,000 - 190,000; Full time

Benefits offered by this job

401K and Company Match

Tuition Reimbursement

Generous PTO Policy

Company Telework Policy

Job summary

A leading energy firm is seeking a Power Trader responsible for managing and optimizing their Power portfolio in the Northeast US region. The candidate will develop profitable trading strategies and collaborate closely with other traders and departments. A minimum of 3 years trading experience and an undergraduate degree in Finance or Accounting are required. Exceptional analytical skills, team cooperation, and effective communication abilities are essential for success in this role.

Qualifications

• Minimum 3 years of trading experience required.
• 5 years of experience in trading environment required.
• Fluent verbal and written skills in English.
• Experience with Allegro a plus.

Responsibilities

• Manage and optimize the Power portfolio in the Northeast US region.
• Develop and execute profitable trading positions in the power markets.
• Communicate market information timely with traders.
• Work with traders in adjacent markets and regions to optimize assets that span large geographic areas.
• Support scheduling duties within the region.
• Assist internal departments to ensure deals are managed timely and accurately.
• Build and maintain relationships with third parties to increase Mitsui’s presence in assigned region.
• Support Mitsui’s fundamental market research by monitoring market developments that may impact supply/demand in assigned region.
• Assist in valuation of offtake agreements.
• Adherence to all corporate Risk Management policies and procedures.

Skills

Proficiency in Microsoft Office

Excellent analytical skills

Exceptional communication skills

Teamwork

Independent work ability

Education

Undergraduate degree in Finance or Accounting

Tools

Allegro

Job description

Career Opportunities with Mitsui E&P USA LLC

Current job opportunities are posted here as they become available.

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The Power Trader for MEMS will be responsible for managing and optimizing Mitsui’s Power portfolio in the Northeast US region in the next day and prompt month Power market. This position supports the overall Power trading department and will be required to work closely with Origination personnel for MEMS and other Mitsui companies. The successful candidate will thoroughly understand the Power grid, key participants, and physical flow dynamics in the region.

ESSENTIAL FUNCTIONS & RESPONSIBILITIES:

• Develop and execute profitable speculative trading positions in the Northeast power markets, predominantly within a 1–3-month period
• Manage daily and prompt month physical power positions in the portfolio from REP marketing and generation offtake agreements.
• Timely communication with other traders and scheduling personnel regarding market information.
• Work with traders in adjacent markets and regions to optimize assets that span large geographic areas
• Support scheduling duties within the region.
• Assist internal departments, such as Confirmations, Risk, IT, and Accounting to ensure deals are managed according to their intent in a timely and accurate manner
• Build and maintain relationships with third parties to increase Mitsui’s presence in assigned region. This will include supporting VP of Power in identifying longer term Power transaction opportunities
• Support Mitsui’s fundamental market research by monitoring market developments that may impact supply / demand in assigned region
• Assist in valuation of offtake agreements
• Any other duties as directed by Manager
• Adherence to all corporate Risk Management policies and procedures

REQUIRED SKILLS & ABILITIES:

• Proficiency or the ability to effectively demonstrate proficiency with appropriate training with third-party software licensed to the Company such as Microsoft Office (Excel, PowerPoint, Word).
• Excellent analytical skills with keen attention to detail.
• Exceptional communication skills. Possess refined interpersonal verbal and written communication skills, including writing and telephone communication skills. Ability to present to senior managers when needed.
• Ability to work in a team environment.
• Ability to work independently with little to no supervision.

EDUCATION & EXPERIENCE:

• Undergraduate degree or equivalent related work experience (Finance or Accounting preferred)
• Minimum 3 years of trading experience required
• 5 years of experience in trading environment required
• Experience with Allegro a plus.

LANGUAGE SKILLS:

• Fluent verbal and written skills in English

LICENSES, CERTIFICATES, REGISTRATIONS:

• None

WORK ENVIRONMENT & PHYSICAL DEMANDS:

This job operates in a professional office environment and routinely uses standard office equipment such as computers, phones, photocopiers, and filing cabinets. Physical demands include:

• Prolonged periods of sitting, with the option to stand
• May need to routinely move around to communicate with different groups
• 401K and Company Match
• Tuition Reimbursement
• Generous PTO Policy
• Company Telework Policy
• Job Knowledge
• Analytical Skills
• Compliance
• Decision-Making/Judgement
• Teamwork & Cooperation

This position description is not to be construed as an exhaustive statement of duties, responsibilities, or requirements. Employees may be required to perform any other job-related instructions as requested by their leader, subject to reasonable accommodation.

MEMS is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, or disability.