The Energy Authority logo
Company Name:
Approximate Salary:
Not Specified
Location:
Jacksonville, Florida
Country:
United States
Industry:
Analyst - Other
Position type:
Full Time
Experience level:
2 - 5 years
Education level:
Bachelor's Degree
ID
205133
Job Title:
Portfolio Analyst - Midwest

Portfolio Analyst - Midwest

SUMMARY
The electric power industry is facing significant challenges as new threats face the industry in the form of new competitors for serving utility customers directly (i.e. aggregation services); new technology that allows a third party to insert itself between the utility and its customers (i.e. NEST, Internet of Things, smart meters, etc.); lower cost and improved technology that is accessible to the customer directly (i.e. improved cost and operation of rooftop solar, micro-grids); expanding markets (expansion of organized markets into new areas such as CAISO expansion outside of California, consortium of western states looking at SPP, new market in the southeast); new market products (i.e. capacity markets, expansion of demand reduction); opportunity for new utility grade supply resources (Clean Coal, Carbon Black, etc.); and changing state and Federal regulations impacting the utility industry, to name just a few. The challenge for The Energy Authority’s (TEA) Portfolio Analysts on the Strategic Innovations & Analytics team will be to perform the necessary modeling to capture the risks and opportunities for TEA’s Members and Partners through participation in the energy and congestion rights markets.


ESSENTIAL DUTIES & RESPONSIBILITIES include the following. Other duties may be assigned.

  • Stochastic Risk Models to enable our customers to make smart hedging decisions
  • Simulation models for analyzing production costing and transmission congestion conditions
  • Trading Analysis and Asset Valuation to facilitate profitable trading
  • Economic Advice to our customers and senior management regarding portfolios and strategic decision making
  • Forecasting of key market drivers

The desired analytical skills within TEA’s Strategic Innovations & Analytics Department include:

  • Basic Skills - TEA expects all analysts to have or develop all the following skills:
    • Strong working knowledge of MS Office productivity and automation software, especially Microsoft Excel
    • Strong knowledge of industry fundamentals
    • Strong knowledge of bilateral, exchanged traded, and RTO energy markets
    • Understanding of basic statistics and probability
    • Basic oral and written communication skills
    • Ability to Operate & Maintain Models
      • Operate & maintain models to support routine analysis
      • Develop & maintain strong working knowledge of tools used by TEA
      • Acquire strong knowledge of functions performed by various areas of TEA
  • Advanced Skills - TEA expects that analysts will have or work to acquire some or all of the following skills as they advance through the organization:
    • Strong working knowledge of database query and programming capability
    • Strong working knowledge of one or more object-oriented development languages (Visual Basic, C#, etc.)
    • Strong knowledge of finance and business analysis
    • Strong oral and written communications skills
    • Stochastic Math / Monte Carlo modeling
    • Ability to build fundamental-based models for asset, trade valuation
    • Ability to build probability-based models for asset, trade valuation
    • Ability to Design the Models & Evaluate their Effectiveness
      • Develop & maintain strong working knowledge of the theory and practice of complex analytical models
      • Design, build and evaluate basic models
      • Maintain and upgrade complex models – evaluate their performance
      • Not on the bleeding edge but more “fast followers”
  • All Portfolio Analysts
    • Monitor FERC, EPA, and relevant State regulatory agencies to understand their existing and proposed rules and tariffs
    • Develop in-depth knowledge of the relevant analytical tools utilized within TEA’s Strategic Innovations & Analytics department and be prepared to use these tools and applications on an as needed basis. These tools and applications may include some or all of the following:
      • Machine Learning
      • eSmart Systems’ Connected Grid
      • R
      • Python
      • Gurobi
      • MatLab
      • Cambridge Energy Solutions’ Dayzer
      • ABB’s E7 Suite of applications
      • PROMOD
      • Portfolio Optimizer
      • Capacity Expansion
      • Velocity Suites
      • EPIS’ AuroraXMP
      • YES Energy
      • Genscape
      • HedgeFox
      • Transmission powerflow applications such as PSS/E or Powerworld
    • Assist TEA’s staff, and the staff of TEA’s Members and Partners, in the review and analyses of potential industry changes that could impact our Members and Partners
    • The ability and willingness to travel for team meetings, project meetings, and conferences on an as needed basis

SUPERVISORY RESPONSIBILITIES
This position has no direct supervisory responsibilities. Position is expected to provide mentoring and career development to other analysts as assigned.


QUALIFICATIONS


EDUCATION and/or EXPERIENCE
Bachelors of Science degree in engineering, any discipline; sciences such as (but not limited to) advanced mathematics, physics, and chemistry; computer sciences; finance; economics; or other appropriate degree; Relevant industry experience; Master’s Degree is preferred. PhD is a plus.

CERTIFICATES, LICENSES, & REGISTRATIONS
Professional Engineering License is preferred for candidates with a background in engineering; Certifications such as Certified Financial Analysts, PRIMA or GARP Professional Risk Manager Certification for individuals with financial background is desirable.

LANGUAGE SKILLS
Ability to read, analyze, and interpret both general and complex business periodicals, professional journals, technical procedures, and governmental regulations. Ability to write reports, business correspondence, and procedure manuals. Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public.


MATHEMATICAL SKILLS
Ability to apply advanced mathematical concepts such as exponents, logarithms, quadratic equations, and permutations. Ability to apply mathematical operations to such tasks as frequency distribution, determination of statistical test reliability and validity, analysis of variance, correlation techniques, sampling theory, and factor analysis.


REASONING ABILITY
Candidate must have the ability to apply principles of logical thinking to a wide range of intellectual and practical problems. Ability to deal with nonverbal symbolism (formulas, scientific equations, graphs etc.). Ability to deal with a variety of abstract and concrete variables.

OTHER SKILLS & ABILITIES
Expertise needed with Microsoft Word, Excel/Visual Basic, and other analysis tools. Experience with Machine Learning, eSmart Systems’ Connected Grid, R, Python, Gurobi, MatLab, Cambridge Energy Solutions’ Dayzer, ABB’s PROMOD, EPIS’ AuroraXMP, YES Energy, Genscape, and ABB’s Velocity Suites is desired. Ability to apply techniques of decision analysis, such as decision trees, influence diagrams, etc.

COMPETENCIES REQUIRED 
The ideal candidate will posses the following competencies:

  • Critical thinking
  • Excellent communication
  • Commitment to continuous learning
  • Project management
  • Adaptability
  • Sense of urgency

VALUES REQUIRED
The ideal candidate will possess the following values:

  • Customer Focus
  • Integrity
  • Teamwork
  • Excellence
  • Ownership

 

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