Trader/Sr Trader

Constellation Energy Corp.; Houston (TX); On-site; USD 169,000 - 188,000; Full time

Job summary

The Sr Trader role at Constellation Energy Corp. in Houston involves leading trading activities within a regional portfolio, performing technical and fundamental analysis, and developing proprietary strategies.

You will build relationships with customers, producers, and end users while executing physically and financially settled transactions in line with portfolio strategy. Travel is required as needed.

Qualifications

• Bachelor’s degree in Business, Finance, Economics, or related field.
• Knowledge of gas or electricity markets and related infrastructure.
• Excellent communication and presentation skills.
• Analytical rigor with ability to summarize analysis into actionable conclusions.

Responsibilities

• Execute physically and financially settled transactions within portfolio objectives.
• Develop market view using market intelligence, research and analyses.
• Coordinate timing, pricing and scheduling with traders and schedulers.
• Review contracts to understand obligations and opportunities.
• Maintain external relationships with suppliers, service providers and trade groups.
• Travel as necessary to meet business needs; attend training and meetings.

Skills

Gas/Electricity markets knowledge

Decision making

Communication and presentation skills

Analytical rigor

Self-motivated

Working under deadlines

Education

Bachelor's degree in Business, Finance, Economics, or related field

Master's Degree in Business

Job description

Who We Are

As the largest private-sector power producer in the world and the nation's largest producer of clean and reliable energy, Constellation is focused on our purpose: lighting the way to a brilliant tomorrow for all. We have been the leader in clean energy production for more than a decade, and we are cultivating a workplace where our employees can grow, thrive, and contribute. Now integrated with Calpine, our portfolio includes 55 gigawatts of capacity from nuclear, natural gas, geothermal, hydro, wind and solar facilities, with the generating capacity to power the equivalent of 27 million homes. Our culture and employee experience make it clear: We are powered by passion and purpose. Together, we're creating healthier communities and a cleaner planet, and our people are the driving force behind our success. At Constellation, you can build a fulfilling career with opportunities to learn, grow and make an impact. By doing our best work and meeting new challenges, we can accomplish great things. Join us in meeting the country's energy needs today and tomorrow.

Total Rewards

Constellation offers an extensive selection of benefits and rewards to help our employees thrive professionally and personally. We provide competitive compensation and a wide-range of benefits that support both employees and their families, helping them prepare for the future. In addition to highly competitive salaries, eligible employees are offered a bonus program, 401(k) with company match, employee stock purchase program; comprehensive medical, dental and vision benefits, including robust wellbeing programs; disability and life insurance benefits; paid time off for vacation, holidays, and sick days; and much more.

*****************This role can be filled at a Trader or a Sr Trader level. Please see minimum qualifications list below for each level***********************************

Trader - $147,600 -$164,00

Sr Trader - $169,200 - $188,000

Ranges are per year based on experience, along with a comprehensive benefits package that includes bonus and 401K.

Primary Purpose of Position

The Sr. Trader is responsible for working with a group of traders within a regional trading portfolio. This person will be required to perform technical and fundamental analysis that will be used to develop proprietary trading strategies. The position requires the individual to develop relationships with external customers, producers, and end users. The Trader will be required to execute physically and financially settled transactions consistent with a defined overall portfolio strategy.

Primary Duties and Accountabilities

• Within established delegations of authority, efficiently executes physically and financially settled transactions to meet the objectives of their commodity portfolios.
• Remains abreast of market developments, utilizing market intelligence, research and analyses to develop a market view which supports transactional activity. Readily shares views and analysis internally.
• Interacts with traders, analysts and schedulers to coordinate timing, pricing and scheduling of transactions.
• Reviews commodity, transportation and storage contracts in order to fully understand obligations and opportunities.
• Maintain external relationships with key suppliers, service providers and trade groups.
• Maintain internal relationships with wholesale trading, retail energy, and portfolio management.
• In-person attendance for training, all-hands meetings, and other meaningful engagements.
• Travel required as necessary to meet business needs.

Minimum Qualifications

Minimum Qualifications - Trader

• Bachelor’s degree in Business, Finance, Economics, or related field
• 8 years of relevant work experience, or 12 years of experience in lieu of the degree
• Knowledge of the gas or electricity markets and the associated infrastructure supporting those trading marketplaces
• Demonstrated decision making capabilities coupled with the ability to work under tight deadlines
• Demonstrated ability to drive and achieve bottom line results
• Self-motivated to achieve results in a collaborative and rapidly evolving environment
• Understanding of fuel markets and their relationship to power markets
• Analytical rigor and ability to summarize analysis into actionable, practical conclusions
• Excellent communication and presentation skills, with the ability to translate technical concepts for diverse audiences
• Knowledge of generation and load portfolio risks including volatility, VLR, load moneyness, attrition and ancillary services

Minimum Qualifications - Sr Trader

• Bachelor's degree in Business and 8 years of relevant experience, or 12 years of experience in lieu of the degree
• 5 years of experience trading physical commodities such as coal, oil, natural gas, or electricity, or direct experience working with related markets and or products
• Knowledge of risk management principles, tools and energy derivativesl>
• Extensive knowledge of market trends, key players in the market and regulatory issues
• Excellent interpersonal and communication skills, including verbal and written
• Demonstrated ability to work effectively and independently in a fast-paced and rapidly changing environment
• Strong analytical and problem-solving skills with the ability to interpret complex data and market trends

Preferred Qualifications

Master's Degree in Business