Analyst, Market Optimization & Trading
San Diego, CA - USA
Job Summary
Reporting to the Senior Manager Energy Management the Analyst Market Optimization & Trading will support the development and execution of trading hedging and optimization strategies for Clearways ERCOT and PJM assets. The Analyst will work in close coordination with the Market Optimization & Trading Market Fundamentals Business Development Origination Asset Management Credit and Energy Risk and Operations groups to help manage Clearways market exposure while building deep expertise in nodal power market analytics within a rapidly growing organization.
If you do not meet 100% of the below qualifications but see yourself contributing please submit your resume.
- Support the development and execution of day-ahead real-time and term trading and hedging strategies for Clearways ERCOT and PJM assets including energy ancillary services and basis positions.
- Assist in identifying and analyzing market risk including congestion.
- Support participation in CRR/FTR auctions and virtual bidding strategies.
- Work with Credit and Energy Risk to support the internal approval process for trading counterparties and transactions.
- Communicate with project stakeholders on market conditions trading risks and optimization opportunities.
- Work with the Market Analytics and Credit and Energy Risk teams to develop and enhance tools for position management reporting trade capture and the implementation of an enterprise risk management system.
- Develop operate and maintain production cost and price forecasting models (e.g. using tools such as UPLAN PROMOD or Dayzer) to support nodal price and congestion forecasting for ERCOT and PJM.
- Leverage data to create tools and automate workflows.
- Mark and maintain forward price curves for ERCOT and PJM power products and support stochastic risk modeling and correlation assumptions.
- Prepare recurring and ad-hoc market recaps outlooks and presentation materials summarizing ERCOT and PJM fundamentals price drivers and trading performance for internal stakeholders.
- Support day-to-day position management and P&L reporting for ERCOT and PJM trading portfolios.
- Oversee the Energy Management documentation process leveraging Clearways internal and external subject matter experts to bring trading ISO QSE and enabling agreements to execution.
- Participate in energy working groups professional organizations trade shows & conferences.
- Track and report on ERCOT and PJM policy and regulatory developments including ISO market rule changes that may impact trading strategy leveraging Clearways internal and external subject matter experts.
- Ability to travel up to 25% of the time.
- Maintain confidentiality and sensitivity with respect to all functions of CEG.
- Bachelors degree in finance business administration engineering economics mathematics meteorology or a related quantitative field.
- 0-2 years of relevant experience
- Strong analytical and quantitative skills with a curious inquisitive mindset and a genuine drive to understand how power markets work. Prior trading experience is not required relevant coursework internship or academic research in a quantitative field will also be considered.
- Interest in or exposure to ERCOT and/or PJM market structure including day-ahead and real-time markets CRR/FTRs and ancillary services is a plus but not required.
- Solid understanding of power markets including forwards futures swaps and options.
- Ability to extract manipulate and analyze large datasets relevant to energy markets to support trading and risk decisions.
- Proficiency with Python SQL or other coding/statistical tools is a plus.
- Highly motivated self-starter friendly personality and good team player.
- Attention to detail and inclination towards structure organization and process as well as the ability to examine question and improve on the inputs and recommendations of others.
- Strong organizational skills with the ability to oversee multiple projects simultaneously track progress and needs of each and provide high-quality deliverables accurately and on time.
- Able to work well with geographically dispersed cross-functional teams in a fast-paced environment.
- Highly proficient in Microsoft Excel; proficient in Word and PowerPoint.
No visa sponsorship or any kind of sponsorship for employment authorization is available for this role now or in the future.
#LI-Hybrid
The pay rate for the successful candidate will depend on geographic location skills relevant and demonstrated experience education training and certifications and other factors permitted by law. This role is eligible to earn an annual cash bonus subject to personal and company performance goals.
Salary Range Across all U.S. Locations
$85000 - $95000 USD
Clearway Energy Group is leading the transition to a world powered by clean energy. Along with our public affiliate Clearway Energy Inc. our portfolio comprises approximately 11.6 GW of gross generating capacity in 26 states including 9.1 GW of wind solar and battery energy storage assets and over 2.5 GW of conventional dispatchable power generation providing critical grid reliability services. As we develop a nationwide pipeline of new energy projects for the future Clearways operating fleet generates enough reliable electricity to power more than 3 million homes today. Clearway Energy Group is headquartered in San Francisco with offices in Denver Houston Phoenix Princeton and San Diego. For more information visit .
Our Commitment to Diversity Equity & Inclusion
Clearway Energy Groups vision is a world powered by clean energy. Along with our public affiliate Clearway Energy Inc. our portfolio comprises approximately 11.8 GW of gross generating capacity in 26 states including 9.1 GW of wind solar and battery energy storage assets and over 2.8 GW of flexible dispatchable power generation providing critical grid reliability services. As we develop a nationwide pipeline of new energy projects for the future Clearways operating fleet generates enough reliable electricity to power more than 2 million homes today. Clearway Energy Group is headquartered in San Francisco with offices in Denver Houston Phoenix Princeton and San Diego. For more information visit .
Working at Clearway
Here at Clearway were committed to balancing flexibility while fostering strong relationships with our teammates. We do this by prioritizing corporate new hires based near one of our offices in San Francisco San Diego Scottsdale Houston Denver & Princeton. Our office-based employees work together from our offices on Tuesday Wednesday & Thursday to collaborate & learn build community get to know one another & enjoy company-provided meals & events. Our site-based employees collaborate in-person daily to keep our locations operating safely and efficiently while fostering strong relationships within their local communities.
Clearway Energy is an equal opportunity employer that values a broad diversity of talent knowledge experience & expertise. We intentionally foster a culture of inclusion that empowers our employees to deliver superior performance to the communities we serve. We encourage minorities women individuals with disabilities & protected veterans to join the team. Clearway is a proud promoter of employment opportunities for our Military & Veterans.
What We Provide
Clearway offers all eligible employees working 20 hours per week a comprehensive menu of benefits: generous PTO medical dental & vision care HSAs with company contributions health FSAs dependent daycare FSAs commuter benefits relocation & a 401(k) plan with employer match a variety of life & accident insurances fertility programs adoption assistance generous parental leave tuition reimbursement & benefits for employees in same-sex marriages civil unions & domestic partnerships. For more on Clearway benefits visit our Benefits Website.
Notice to Applicants
Clearway Energy is strongly committed to a philosophy of equal opportunity and fully complies with equalemploymentlaws ordinances and regulations for all applicants and employees. We will make reasonable accommodations to enable individuals with disabilities to apply and compete for employment opportunities for which they are qualified. If you need a reasonable accommodation because of a disability for any part of the employment process please send an e-mail to and let us know the nature of your request and your contact information.
All official communication regarding this position will come only from an email address ending with @. If you receive outreach from any other email address claiming to represent Clearway Energy please do not respond as it is fraudulent.
Notice to California Applicants
Clearway Energy is strongly committed to a philosophy of equal opportunity and fully complies withequalemploymentlawsordinances and regulations for all applicants and employees.
Required Experience:
IC