Retail Power Portfolio Management Senior Advisor (Senior Portfolio Manager)

What You Can Expect

ENGIE is openly committed to being a leader in the energy transition. We are looking for talented and motivated people to create the future of energy. Join a rewarding and flexible work environment that encourages innovation and creativity, and help us meet the energy challenges of today and tomorrow.

As a Retail Power Portfolio Senior Advisor  in Houston, you will be directly accountable to deliver expected gross margin originated from retail contract sales, focusing on PJM and MISO deregulated power regions. You will own all aspects of Profit & Loss (P&L) related to your retail power book, including detailed explanation of delivery month actuals, Power Purchase Agreements (PPA’s), forward book Market to Market (MTM) changes, and budget planning. You will be responsible for identifying risks, recommending hedge strategies, and taking direct action to hedge and manage all price and volume risk exposures inherit in retail power business. In collaboration with other key members of the Portfolio Management Team, you will share responsibility in formulating forward price curves for all Cost of Goods Sold (COGS) components of full- requirements products and continuous calibration of costing assumptions to ensure ENGIE remains competitive in retail space and share accountability to meet Sales goals.  You will also interact with other internal teams to meet ENGIE’s objectives, including Sales, Business Development, Origination, Trading, Operations, Risk Management, Marketing, and Digital teams.

• Trade financial and physical instruments for Energy, Capacity, Renewable Energy Certificates (RECs), Ancillaries, Firm Transmission Rights (FTRs), Power Purchase Agreements (PPAs), Power Options, and Weather derivatives in support of retail business
• Validate load forecasts and oversee day-ahead demand bid schedules
• Produce and reconcile daily Net Open Position (NOP) and MTM reports
• Aggregate revenue and cost data to measure portfolio profitability
• Contribute to daily formulation and regular calibration of forward price curves for Energy, Capacity, Ancillary Services, Renewable Portfolio Standard (RPS), Network Integration Transmission Service (NITS), and all other cost components of full-requirements electricity products
• Manage the price and volume risks associated with serving retail power load with various contractual obligations, i.e. fixed price, index, or hybrid 
• Research complex business problems and identify opportunities to design, develop, and propose actionable solutions in support of pricing, portfolio management, and margin analysis activities
• Coordinate with various functional groups to review and validate customer revenue and ISO settlement data to gain insights into portfolio profitability
• Provide insight into the drivers of portfolio Profit & Loss from budget development through final settlement
• Follow and comply with industry specifications, standards, regulations, and laws
• Research and produce ad-hoc analysis on market fundamentals, risk exposure, customer load characteristics, various cost components and regulatory issues to enhance competitiveness, optimize risk exposure, and optimize the profitability of the portfolio 
• Prepare and present market fundamentals presentations to internal and external customers
• Participate in conference calls in support of Sales efforts with end-user customers, brokers, and other partners
• Contribute to the development and enhancement of models and system platforms in support of costing and portfolio management activities
• Support new product development activities through coordination with various internal functional groups
• Operate as a team member with all employees of ENGIE North America staff
• Comply with all ENGIE North America policies and procedures

What You’ll Bring

• Bachelor’s degree in which you completed courses in a quantitative discipline majors in Business, Economics, Engineering, Accounting, Mathematics or Computer Science
• Minimum of 10 years work-related experience
• Retail power portfolio management experience and expertise in full requirements cost components, with emphasis on PJM and MISO preferred
• Problem solving, strong analytical and statistical skills and ability to convey complex technical analysis to a broader audience including senior leadership
• Understanding of energy market fundamentals, including customer usage properties and pricing methodologies
• Understanding of options and hedging practices to manage retail power shape and swing risk
• Strong oral and written communication skills
• Strong knowledge and proficiency of MS Excel
• Experience in extraction, transformation, and management of large quantities of data using