Job Description
SUMMARY: The Senior Power Trader for MEMS, Inc. will be responsible for managing and optimizing Mitsui's Power portfolio in the ERCOT region in the next day and prompt month Power market. This position will be responsible for commodity risk management MEMS' REP supply business. 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, ad hoc pricing requests, key participants, and physical flow dynamics in the region.
ESSENTIAL FUNCTIONS & RESPONSIBILITIES: - Develop and execute profitable speculative trading positions in the ERCOT power market, 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.
- Manage prompt and term exposure of MEMS' preferred supplier business.
- 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 the 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 the 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 7 years of trading experience required
- 10 years of experience in trading environment required
- Experience with Allegro a plus.
LANGUAGE SKILLS: - Fluent verbal and written skills in English
WORK ENVIRONMENT & PHYSICAL DEMANDS: This job operates in a professional office environment and routinely uses standard office equipment.
Physical demands include:
- Prolonged periods of sitting, with option to stand.
- May need to routinely move around to communicate with different groups
Benefits & Perks - Medical, Dental, Vision benefits
- 401K and Company Match
- Tuition Reimbursement
- Generous PTO Policy
- Breakroom Snacks / Beverages
- Hybrid Work Schedule
Job Tags
Work experience placement, Work at office,