Energy Trading Analyst II

The Energy Trading Analyst II at New York Power Authority is responsible for supporting clean energy delivery through forecasting, trading, fuel purchasing, and energy management. Key tasks include developing trading strategies, conducting market analysis, and managing customer sales forecasts. The role requires strong analytical skills and involves creating visual presentations and financial models. The position is based in White Plains, NY, indicating it is not a remote job.
About the position

The Energy Trading Analyst II position at the New York Power Authority (NYPA) is a critical role that supports the organization's mission of delivering clean and reliable power to its customers. This position encompasses a comprehensive range of responsibilities across the energy value chain, including forecasting needs, trading, origination, fuel purchasing, and energy management. The analyst will manage and operate the forecasting function, utilizing state-of-the-art methodologies to address load forecasting challenges. Additionally, the role involves performing various functions related to energy trading and marketing, ensuring that NYPA remains competitive and efficient in its operations. In this role, the analyst will support activities related to energy trading, which include fuel procurement and logistics, short-term and long-term trading, real-time trading, bidding, forecasting, marketing, and settlements. The analyst will analyze current, historical, and projected volumes to identify trends and market outlooks, performing supply and demand analysis of one or more commodities to support trading functions. Furthermore, the analyst will manage all long-term customer sales and revenue forecasting for various internal stakeholders throughout the enterprise. The position requires a strong analytical mindset, as the analyst will be responsible for developing trading strategies for NYPA's portfolios and addressing market issues that affect trading and forecasting requirements. This includes conducting research and analysis to support communications with stakeholders, developing visual presentations, and performing independent financial modeling to enhance energy forecasting accuracy. The analyst will also stay current with NYISO procedures and market issues, developing risk strategies to mitigate volatility in energy, capacity, and natural gas markets, while supporting NYPA's long-range financial planning and cost of service processes.

Responsibilities
• Analyze and help develop trading strategies for each NYPA portfolio as well as any associated market issues affecting overall NYPA trading and forecasting requirements.
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• Research, develop & support messages to NYPA's stakeholders (external & internal clients) by showcasing research analysis data to support thesis on portfolio strategies, risks, energy market events, financial impacts, cost-savings, cost-estimating, arbitrage opportunities, and other business critical decisions.
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• Develop PowerPoint Slides, Scatter Plot Analysis, Box and Whisker Charts, Line/Bar Graphs, Tableau Dashboards, Power BI and Excel Macros based on critical information relevant to ERM business line.
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• Perform independent regression analysis, normal distribution analysis, Monte Carlo simulations, and other financial-modeling methods to determine probabilistic energy forecasting.
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• Research & analyze proposed changes to NYISO Procedures, Manuals and Technical Bulletins and discuss with Traders changes and any necessary implementation actions.
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• Summarize Trader responses and work with the Market Issues Group to formally respond to the NYISO any issues affecting bidding and settlement rules.
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• Stay current with NYISO procedures, market issues and reports.
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• Develop risk strategies to mitigate the volatility in the energy, capacity, and natural gas markets as well as emission products in keeping with the defined risk tolerances.
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• Assemble real-time market analysis relative to portfolio risk and utilize available instruments to implement risk mitigation strategies.
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• Support NYPA's annual/monthly LFRP (Long Range Financial Plan) & COS (Cost of Service) process & deliver required generation dispatch, load forecasts, revenue forecast, capacity forecasts.
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• Review & report past transaction performance metrics, variances and KPIs as they relate to NYPA's portfolios & targets.
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• Provide support to all internal/external stakeholders for all Market transaction & forecasting related matters, inquiries, and analytics; this includes, Accounting, Financial Planning, Enterprise Risk, Demand Response, Pricing, NYISO, FERC, NERC, NPCC, IOUs, etc.

Requirements
• Bachelor's degree in Business Analytics, Economics, Finance, Accounting, Mathematics, Computer Science, Statistics or related discipline required.
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• Minimum of 4 years of related experience in an analytical role or equivalent combinations of education & experience.
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• Knowledge of Wholesale Electricity Market, Fuel Markets and/or associated Financial products.
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• Strong business, statistical, financial and reasoning skills.
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• Advanced analytical and communication skills.
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• General knowledge of accounting practices.
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• Strong understanding of the economic impact of decisions within the position's scope of authority.
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• Skilled at adapting, multitasking and performing under pressure.
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• Able to work independently with minimal daily supervision.
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• Ability to apply Statistical Analysis and Financial Modeling on relevant data sets.
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• Knowledge of corporate strategies and goals, market rules and regulations, risk management protocols, and trade life cycle.
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• Ability to propose strategies to react to a changing marketplace.

Nice-to-haves
• Preferred experience of SAP, Allegro, Ascend, Tableau, Power BI & GE-MAPS.
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• Preferred experience in database programming and querying using SQL, MS Access, VBA, SAS, Oracle or other.

Benefits
• Competitive salary range of $97,720.00 - $134,360.00 based on experience and skills.
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• Commitment to diversity, equity, and inclusion in the workplace.
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• Reasonable accommodations during the hiring process for candidates' disabilities and other needs.