Power Sales Trader (Northeast)

The future of energy is digitized, decarbonized and localized. At SmartestEnergy, we need revolutionary thinkers to help our customers make the most of this new landscape, thinking differently to find smart solutions to complex problems. 

Formed in 2001, we’re an agile business driven by entrepreneurial thinking. As a subsidiary of the Marubeni Corporation, we also have strong investment and infrastructure behind us. As well as our two offices in the US, we have three offices in the UK and another in Australia.  Further expansion is planned for 2025 and beyond which means global career opportunities for you, with plenty of potential to explore new markets. 

When you join our Team, you will have the opportunity to contribute and make an impact every single day. 

Overview

Reporting to the Trader (Northeast) and working within SmartestEnergy’s (SEUS) Wholesale Group, the principal role of the Sales Trader (Northeast) is to:

• Optimize hedging transactions within the trading strategy provided by the Head of Trading and Trader.
• Maintain dynamic knowledge of SEUS counterparties pricing strengths and contracting behaviour to improve hedging efficiency by using bilateral counterparties.
• Create value for the Head of Trading and Trader by reducing cash collateral usage and savings on brokerage.
• Provide price feedback to the Head of Trading and Trader to incrementally improve SEUS price curves.
• Provide desk cover for the Trader

The Sales Trader is a risk management role that operates with guidance and mentorship provided by the Trader and within an amount of risk collateral as allocated by the Head of Trading.

In this role, you will be involved with the following:

• Maintain frequent dialogue with bilateral trading counterparties which supports a dynamically updated view of transaction prices available hedging bilaterally.
• Support the Trader and Head of Trading in use of cash efficiency by optimizing transactions placed via exchanges vs. bilateral counterparts.
• Contribute towards the annual Northeast Trading P&L targets through the effective bilateral hedging transactions.
• Comply with SEUS Risk Limits and Transaction Control Procedures, in addition to operating at all times within the risk mandate delegated by the Head of Trading.
• Work with Head of Origination to progress transactions and provide live market pricing.
• Ensure accurate and timely capture of wholesale market transactions in SEUS’s ETRM system.
• Provide stewardship of trader positions during their absence.
• Maintain high standard of professionalism while dealing with external counterparties.
• Liaise with Risk department for P&L reconciliation.
• Support the wider business with comments on general market conditions, including the production of a daily market summary.
• Support the Trader and Head of Trading with ad hoc tasks as necessary from time to time.

To be successful in this role, you are likely to have the following skills/experience:

• 2-5 years in energy or commodity markets in a wholesale markets role
• Experience transacting or procuring wholesale market products and/or energy retail hedging is preferred.
• Additional experience in the broader commodity retail, trading analytics, ETRM trade capture and market risk methods desired.
• Understanding of commodity market participants and their wholesale market requirements
• Working knowledge of Excel and VBA

• Strong communicator, able to clearly and concisely articulate under pressure
• Attention to detail
• Excellent at building and maintaining relationships and balance conflicting viewpoints
• Ability to influence and collaborate with wide range of customers and partners
• Problem solving skills/logical thinking and decision-making abilities
• Ability to balance multiple priorities and respond to urgent deadlines

Diversity

Celebrating our inclusive and diverse culture is core to what we do. We value everybody irrespective of race, color, religion, sex (including pregnancy, sexual orientation, or gender identity), national origin, age, disability and genetic information (including family medical history). EOE.

We know that for our business to thrive we need diverse talent with a range of backgrounds, skills and capabilities in each of the countries in which we operate. We view diversity as one of the key enablers that helps our business to grow.

We are committed to the full inclusion of all qualified individuals. As such, if a reasonable accommodation is needed to participate in the job application or interview process, please reach out to the HR & People Team via email us-hrssc@smartestenergy.com so we can discuss with you further.

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