Principal Term Trader / Senior Term Trader

At PGE, our work involves dreaming about, planning for, and realizing a smarter, cleaner, more enduring Oregon neighborhood. Its core to our DNA and we haven’t stopped since we started in 1888. We energize lives, strengthen communities and drive advancements in energy that promote social, economic and environmental progress. We’re always on the lookout for people passionate about leading and being a part of teams that are advancing innovative clean energy solutions that are also affordable and accessible to all.

We are looking for a Senior Trader or Principal Term Trader to join our Term Trading team.  

The position will lead natural gas position management applicable to term trading timelines (e.g., primarily focused on prompt month to the next year). Attaining internal qualifications to trade term-authorized power products will also be applicable but will not be the immediate focus of the position. 
 
In this role you will conduct purchase and sale transactions to increase margin, and lead internal stakeholder engagement to ensure natural gas positions are understood across front-office teams and partner organizations such as Risk Management and Power Cost Forecasting. The successful candidate will need to demonstrate a thorough understanding of wholesale hedging practices. You will also represent front-office in internal working groups tasked with establishing forecasts of power costs in regulatory proceedings. 

Placement at the Principal or Senior level will be based on the respective qualifications and experience for this position. 

Key Responsibilities 

Senior Term Trader Career Path 

This level is close to an expert in either power or gas. At this level, cash through term trading is expected. 

Principal Term Trader Career Path 

This level is an expert in the power and/or gas markets, leading the group’s discussions and views, which are then reflected in PGE’s positions. Cash through term trading is expected at this level. 

Preschedule Planning 

• Serves as an expert when it comes to communicating impacts of term trading on preschedule operations. 

• Leads Term to Day-Ahead strategy discussions (e.g., “Hand Off” meetings) and can clearly outline the Term Teams thought process in providing position(s) to Day-Ahead. 

Marketing Strategies 

• Serves as an expert on the commodity energy markets and captures market information that will facilitate economic transactions.   

• Demonstrates ability to build relationships with PGE originators (e.g., Structuring and Origination and Renewable Initiatives) and can guide them to find products needed to hedge the position. 

• Evaluates business-related software applications and implements improvements to products; provides training and guidance on power and gas marketing to less experienced traders. 

Transaction Execution 

• Understands the forward position and how changes to the portfolio mix and load will impact not only the forward position but the impact to Day-ahead and Real-time operations.  

• Acquires sufficient and cost-effective supplies of wholesale energy commodities to reliably serve PGE load and contractual commitments. 

• Leads PGE’s deterministic position management; independently negotiates and executes approved transactions to meet customer demand, optimize company assets and maintain system integrity. 

• Maintains qualificati