Trader - PJM

Systems Unlimited, Inc.; Houston (TX); On-site; USD 75,000 - 100,000; Full time

Benefits offered by this job

401K and Company Match

Tuition Reimbursement

Generous PTO Policy

Company Telework Policy

Job summary

A leading energy trading firm is seeking a skilled Power Trader to manage and optimize its Power portfolio in the Northeast US region. The successful candidate will develop speculative trading positions, manage physical power assets, and collaborate with various departments and stakeholders. Candidates must have a degree in Finance or Accounting, at least 3 years of trading experience, and demonstrated analytical skills. This role offers a supportive professional environment with generous PTO and benefits.

Qualifications

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

Responsibilities

• Develop profitable trading positions in Northeast US power markets.
• Manage physical power positions in the portfolio.
• Support scheduling duties and internal departments.

Skills

Analytical skills

Communication skills

Ability to work in a team environment

Proficiency with Microsoft Office

Education

Undergraduate degree in Finance or Accounting

Tools

Allegro

Job description

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.