Power Analyst

March 25

🤠 Texas – Remote

Although this job is listed in Texas, this company may be open to hiring remote in other states.

⏰ Full Time

🟡 Mid-level

🟠 Senior

🧐 Analyst

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11 - 50 employees

📋 Description

• We are seeking a highly analytical and detail-oriented Power Analyst with strong quantitative skills, with a potential to perform in junior trading role, to support our energy trading team. • The ideal candidate will analyze power market data, develop forecasting models, assist in risk management, and contribute to trading strategies in wholesale electricity markets and asset optimization. • Essential Duties and Responsibilities include the following: • Market Analysis & Forecasting: • Analyze power market fundamentals, including supply and demand, grid congestion, weather patterns, and regulatory changes. • Develop and maintain quantitative models to forecast electricity prices and load demand. • Monitor real-time market conditions and assess the impact on trading strategies. • Quantitative Modeling & Data Analytics: • Work with large datasets to identify trading opportunities and optimize decision-making. • Develop and enhance trading models using statistical techniques and machine learning. • Collaborate with data engineers to ensure high-quality data feeds for analysis and model development. • Trading Support & Junior Trading Functions: • Assist traders in executing trades, managing positions, and optimizing portfolios. • Monitor real-time pricing, bidding strategies, and power flows across various markets (e.g., markets such as ERCOT, PJM, SPP, MISO, CAISO). • Help develop and refine trading strategies based on quantitative insights. • Work with risk management teams to assess and mitigate trading risks. • Reporting & Communication: • Generate reports on market trends, trading performance, and risk metrics. • Present findings and insights to senior traders, risk managers, and executives. • Stay up to date with market regulations, industry news, and emerging trends.

🎯 Requirements

• Education: Bachelor's or Master’s degree in a quantitative field (Finance, Economics, Mathematics, Statistics, Engineering, Data Science, or related discipline). • Technical Skills: • Strong proficiency in Python, R, SQL, MATLAB, or similar programming languages for data analysis and modeling. • Experience with data visualization tools (Power BI, Tableau, or similar). • Understanding of optimization techniques, statistical modeling, and predictive analytics. • Power Market Knowledge: • Familiarity with ISO/RTO markets (ERCOT, PJM, SPP, MISO, CAISO, NYISO etc.). • Basic understanding of power generation, transmission, and load forecasting. • Trading & Risk Understanding: • Some exposure to energy trading, financial derivatives, or risk management. • Ability to interpret market data, price curves, and bid strategies. • Soft Skills: • Strong analytical and problem-solving skills. • Ability to work in a fast-paced, high-pressure environment. • Excellent communication skills and ability to collaborate with cross-functional teams.

🏖️ Benefits

• Competitive salary and performance-based incentives. • Comprehensive benefits package, including health, dental, and vision insurance. • Generous retirement and investment options. • Professional development opportunities. • A collaborative, forward-thinking, and inclusive work environment.