Spotlight Power is seeking a front office trading analyst to assist traders and schedulers on the desk in a commercial role. It is an opportunity to learn advanced level commodities trading from the ground up. There will be substantial interface with the risk, credit, and back-office teams. The candidate should be highly organized and detail oriented. High level of Excel knowledge is also preferred. Specific knowledge of physical natural gas is beneficial but not required.
This position is responsible for supporting the commercial team through monitoring and verification of trade deals, and oversees the processes related to power settlements. Employees in this role manage the data integrity in the ETRM and assist in all settlement activities involving accruals, actualization, and reconciliation to ensure payments are completed accurately and on time. Responsibilities include calculating, analyzing, and reporting on power margins. Employees in this roll will coordinate with internal teams to identify and resolve issues, assist with cash forecasting and variance analysis, and meet settlement obligations with ISOs and other counterparties.
- Provide guidance on ISO market rules for ERCOT, PJM, NYISO, MISO, ISONE, CAISO, and SPP
- Provide a detailed variance between estimated and actual energy settlement and provide feedback to Trading and Asset Owners
- EMA Shadow Settlements (Daily/Weekly/Monthly)
- Ensure trade confirmation letters are completed and archived
- Check out with CP and Generate Month-end Invoices
- Develop and maintain procedures to ensure that all ISO invoices are processed, reconciled, and paid in a timely manner
- Interact with external supplier counterparties to resolve discrepancies
- Support internal and external audit requests
- Assist in quarterly EQR reporting
- Work with Treasury to ensure commodity case forecast accuracy
- Interact with internal partners as required, including Legal, Supply Team, Accounts Payable, Accounts Receivable, Treasury, and Finance
- Work with other teams across the company to implement and improve processes and systems supporting the activities above
- Identify process gaps and implement process improvement initiatives
- Identify optimization and saving opportunities and bring transparency to the cost of power reporting
- Work effectively and cooperatively in a team environment
- 401(k)
- 401(k) matching
- Dental insurance
- Flexible schedule
- Health insurance
- Life insurance
- Paid time off
- Parental leave
- Vision insurance