Portfolio Intelligence and Optimization Analyst

Summary Description:

The Portfolio Intelligence and Optimization Analyst will work in the Energy Portfolio group analyzing, implementing, and executing near-term strategies within the NCEMC portfolio. This position requires strong analytical ability and utilization of problem-solving skills to provide qualitative and quantitative backed solutions. This position involves data analytics, portfolio optimization, working with numerous internal and external teams, and extensive software and digital tools, to plan and optimize a complex portfolio of power supply resources.

Academic and Trade Qualifications:

Bachelor’s degree is required. Degree in related field such as Engineering, Physics, Economics, Quantitative Finance, Business, Data Analytics, or other Business or Science field preferred. Experience with electric utilities, PJM RTO, energy services, DR/DER, trading, business intelligence tools, and electric cooperatives is strongly preferred.

Work Experience:

5-10 years in business analytics, financial engineering, energy markets, trading, or electric utility portfolio optimization.

Responsibilities:

- Gather and analyze operational data related to NCEMC’s electric portfolio using Microsoft Excel, Databricks/SQL, and other internal tools

- Develop and support the implementation of optimization models for energy production and resource allocation to optimize the Cooperative’s portfolio

- Conduct simulations and scenario analyses to test the efficiency of optimization strategies under varying conditions.

- Collaborate with engineering, operations, and finance teams to enhance processes and decision-making.

- Monitor and measure the performance of implemented optimization strategies to ensure they meet objectives.

- Execute studies of upcoming new resources and modifications to existing resources

- Coordinate with trading group and contribute to near-term optimization strategy for NCEMC generation, contract execution, and RTO participation

- Leading tasks and coordinating with teams to deliver planning and portfolio optimization solutions

- Utilize analytical tools and execute strategies to improve accuracy and efficiency

- Optimize and coordinate the implementation and dispatch of DR and DER resources

- Employ risk management principles across the portfolio including fuel, congestion, and power market hedging

- Facilitate necessary contract obligations and market commitments for data, testing, and performance

- Support data and information requirements for participation in the PJM RTO

- Monitor fuel and power market behavior for economic and operational opportunities

- Report on portfolio metrics and recommend improvement strategies to increase value

- Provide regular reports and visualizations to communicate findings and recommendations to stakeholders.

- Support NCEMC’s Brighter Future initiatives

Job Knowledge:

Analytical problem-solving knowledge and an understanding of optimization concepts are required. Understanding of energy markets, power purchase agreements, renewables, energy storage, modeling, and managing complex projects is strongly preferred.

Abilities and Skills:

- Analytical mindset with a desire to problem solve and optimize

- Financial analysis using Microsoft Excel, Databricks, PowerBI and other tools

- Active, engaging, and enthusiastic team contributor

- Ability to prioritize and plan multiple projects while achieving firm milestones

- Desire to improve internal processes using automation and other lean techniques

- Ability to work with diverse and numerous internal and external teams

- Able to be effective and decisive when addressing real-time issues

- Experience with Microsoft Office: Word, Excel, PowerPoint, and other products

- Knowledge and proficiency in Python, SQL, VBA or other analytical programming languages is preferred

- Experience with and knowledge of wholesale energy markets.

- Strong mathematical background, experience with qualitative finance, risk management and analysis

- Power Generation and Energy Storage near-term modeling and analytics

- Able to work in normal office conditions both remote and in-person

- Perform well both individually and within a team

- Able to be responsible for a project from start to finish

- Strong communications skills with an emphasis on conveying concise conclusions verbally and visually

Relationships and Contacts:

- Reports to Manager Near-Term Optimization

- Work with internal and external groups both as a team member and a project leader

Working Conditions:

Normal office conditions with occasional overtime and minimal travel. Work in a hybrid office environment which includes in office and remote work.

Company Profile:

North Carolina’s Electric Cooperatives is the brand for the family of organizations formed to support the state’s 26 local electric cooperatives, including: North Carolina Electric Membership Corporation, the power supplier to many of the electric cooperatives; North Carolina Association of Electric Cooperatives, the cooperatives’ trade association; and Tarheel Electric Membership Association, Inc. (TEMA), a central purchasing and materials-supply cooperative.

North Carolina Electric Membership Corporation provides equal employment opportunities (EEO) to all applicants for employment.