Sr. Portfolio Manager
ShellAbout the role
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Job Description:
What’s the role
We are looking for a highly motivated individual with a genuine interest in energy and technology, and a strong passion for delivering performance driven results in a growing company.
The Sr. Portfolio Manager is responsible for wholesale price and retail position management for regional power exposure. The candidate must have prior ERCOT, PJM, and NE ISOs position management experience. This role will collaborate with our Sales and Pricing teams to develop retail structured products that are valued by large commercial and industrial customers. The individual will serve as a subject matter expert in fundamental analysis and regulatory policy formation across specific ISOs. The role will be accountable for capturing retail gross margin and implementing optimization strategies to unlock additional profit opportunities or minimize losses.
Reporting to the B2B Portfolio Lead, this position requires a self-motivated, dedicated, and responsible professional with the ability to perform effectively under pressure.
Accountabilities:
Build and foster commercial relationships with wholesale bilateral counterparties
Manage book exposures within risk management limits and capture priced retail margins
Assist gross margin analytics team on revenue and cogs estimates to actuals for variance explanations and effective hedge testing
Forecast commodity cost curves for retail pricing, risk metrics and book revaluation
Schedule physical bilateral contracts and DAM activities with various ISOs
Enter wholesale trade in deal capture system and validate deal entry accuracy
Provide SME market fundamental and policy formation commentary for sales presentations and customer interaction
Collaborate with load forecasting team to understand daily load forecast changes, model bias and approve load forecast adjustments for position management
Backup risk management and commodity price forecasting for other ISOs as needed
What you bring
Must have legal authorization to work in the US on a full-time basis for anyone other than current employer
Bachelor’s degree, Master, or Advanced Degree Preferred
At least 4 years’ experience in a trading/commercial role or risk management capacity
Comfortable working in a target driven and fast-paced environment
Strong analytical and critical thinking skills; must be able to provide timely and accurate data analysis
Strong technical and data analysis skills in PowerBI, SQL and VBA preferr
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