Senior Manager - Short-Term Trading

Senior Manager - Short-Term TradingLocation:Tempe, AZ, USDate: Nov 13, 2024Requisition ID : 18045Join us in building a better future for Arizona!SRP is one of the largest public power and water utilities in the U.S. providing electricity to approximately one million customers in the greater metropolitan Phoenix area. Since its founding in 1903, SRP has fostered a culture of stewardship and customer service consistently ranking as an industry leader in customer service according to J.D. Power and named one of Arizona's best employers by Forbes. SRP continues to adapt to its changing business environment by seeking innovative ways to reimagine utility service and the provision of critical resources essential to the life and economy of Arizona.Why Work at SRPAt SRP, we foster an inclusive work environment and believe everyone should have a fair chance to work, regardless of who they are. That’s why we value teams with diverse perspectives, experiences, and backgrounds to help SRP deliver on its mission of providing reliable, affordable and sustainable water and power.SRP's success is rooted in our employees' happiness, health, and safety. That's why we offer a comprehensive benefits package to meet the needs of our employees and enhance their well-being. In addition to competitive pay and performance incentives, eligible employees can take advantage of the following benefits:

Pension Plan (at no cost to the employee)

401(k) plan with employer matching

Available your first day: Medical, vision, dental, and life insurance

Over 200+ hours of PTO (includes vacation days, holidays, floating holidays, and sick leave)

Parental leave (up to 4 weeks) and adoption assistance

Wellness programs (including access to a recreation and fitness facility)

Short and long-term disability plans

Tuition assistance for both undergraduate and graduate programs

10 Employee Resource Groups for career development, community service, and networking

SummaryLeads the Short-Term Power Scheduling and Trading division of Supply & Trading. Oversees all day-ahead and balance-of-month trading and scheduling of electricity and SRP’s participation in an organized day-ahead market. This is a critical role in managing SRP’s retail fuel and purchased power expenses and wholesale net revenue targets, in excess of $1B.What You'll Do Oversees critical daily operations including retail load forecasting, hourly price forecasting, development of the economic dispatch plan for generation resources and contractual purchases and sales, short-term purchases and sales of energy/capacity, strategic bidding of SRP resources into the market, coordination of unit outages, and management of reserves to meet system reliability requirements. Manages the development and execution of day-ahead and balance-of-month trading strategies necessary to minimize the cost to serve SRP's retail electricity customers and seek opportunities to maximize the value of excess generation assets in the wholesale market while maintaining position limits within established financial risk tolerances and ensuring reliable supply. Continuously review short-term trading positions to ensure that trading limits are not exceeded. Oversees the team’s development of daily trading analytics and strategies encompassing price forecasting, contract management, energy storage and renewable resource operations, and reserve management. Manages the development of trading strategies necessary to support structured transactions for long-term wholesale power customers. Represent the needs of Supply & Trading in cross-departmental efforts associated with resource planning decisions, Power Purchase Agreements, system improvements, and operations of the generation portfolio. Represent SRP in market design development and engagement. Ensures the communication of the eight-day trading outlook in a corporate situational awareness briefing to senior leadership. Authorized to approve and execute individual physical electricity transactions valued up to $5 million per transaction and transmission agreements valued up to $5 million per transaction.What It Takes To Succeed Ability to work in a dynamic and fast-paced environment that requires frequent, quick decision-making. Strong interpersonal and communication skills to facilitate extensive contact with customers, brokers, other counter parties, as well as internal SRP organizations including Transmission and Generation Operations, Operational Readiness, Supply & Trading Support, Business System Applications, and executive leadership. Ability to properly use confidential and proprietary information. Must pass an SRP Background Check.ExperienceMinimum of 8 years cumulative and progressive professional experience.Prior power or gas trading and scheduling experience preferred.EducationCompletion of a Bachelor's Degree from an accredited institution that prepares the employee for the assignment.Hybrid WorkplaceSRP currently offers a hybrid workplace, which allows employees whose jobs can be performed remotely, and who have sufficient technical capability, to telework up to three days per week. Although teleworking is available, all employees must live and work in Arizona. We are taking steps to protect the health and well-being of all team members, and by following a number of health and safety protocols, to reduce the risk of the coronavirus (COVID-19).Drug/Alcohol Policy StatementTo promote the safety and well-being of our employees, customers, and the communities we serve, SRP is committed to maintaining a drug/alcohol free work environment. Although marijuana may now be legal in Arizona, except as otherwise specified under Arizona law, SRP considers it to be an illegal drug for the purpose of our drug/alcohol policy because marijuana remains illegal at the federal level. Any candidate found to be impaired during the hiring process or who has the presence of an illegal drug or unauthorized substance in their system during the pre-employment drug/alcohol test may be disqualified from further consideration in the hiring process.Equal Opportunity Employer StatementSalt River Project (SRP) is committed to equal employment opportunity regardless of race, color, religion, sex (including pregnancy), gender identity, sexual orientation, national origin, age, disability, genetic information, military status, or any other protected status under applicable federal, state or local law.Work AuthorizationAll candidates must be legally authorized to work in the United States.Currently, SRP does not sponsor H1B visas, OPT, or other employment-related visa's.Nearest Major Market: Phoenix