Manager, Portfolio Optimization

  • Full-time

Company Description

About Us
Headquartered in Indianapolis, Indiana, Wabash Valley Power is a not-for-profit electric cooperative and wholesale provider of reliable, affordable electricity to our 23 electric distribution member cooperatives. These cooperatives in turn serve more than 330,000 homes, businesses, and farms in Indiana, Illinois, and Missouri.

As a not-for-profit co-op, we do things a bit differently—and that’s the point. Because we aren’t influenced by shareholders, we make our decisions with our members in mind. That means we value things like teamwork, and putting families first. It also means a business model that’s designed for stability and growth. It’s a Deliberately Different approach to the energy industry, and that’s great news for the people who count on us.

What You'll Get
We believe what benefits our employees benefits our company. That’s why we put employees first—your health, your family, and your development. These aren’t just slogans: We offer continuing education, flex time, health benefits, a 401(k) match and pension plan, and much more. Here are just a few of the things that make our company culture unique:

•  No Sweat  - We offer a wellness program that includes a payroll credit for medical insurance, an on-site fitness center for your convenience and extra vacation days for participating. We’ll even throw in a fitness device reimbursement to keep you on track!
•  Flex Time  - Our flexible schedule means you can work in your appointments or family events and maintain a comfortable work-life balance.
•  Stay in School  - We value employees who have a desire to learn, so we provide funds for continuing education. We also offer in-house training and ongoing development.
•  Keep it Casual  - When you work for us, you work in comfort.  Blue jeans are the norm in our office and we make them look good!
•  Work Hard, Play Hard  - We reward our employees with generous vacation time, to the tune of up to five weeks off a year. Even our new employees receive credit for prior work experience.

Job Description

This position is responsible for the planning, development, and maintenance of analytic analysis systems to be used to understand current performance of the power supply portfolio and to be used to develop strategies and policies to address risks and opportunities related to Wabash Valley Power’s power supply obligation.

Some of the duties & responsibilities of this role include: 

  • Analyzes seasonal capacity requirements and initiates market strategy and RTO submissions.
  • Serves as an interface between Wabash Valley Power and various power and transmission associations such as ACES Power Marketing, Midwest ISO and PJM.
  • Analyzes portfolio activity including monitoring market interface of Wabash Valley Power resources, reviewing power invoices, and assessing cost requirements.
  • Monitoring and maintaining appropriate registrations in organized markets for the Wabash Valley Power resources and loads.
  • Develops requirements and arranges sources for Financial Transmission Rights (FTRs) to save on costs associated with transmission congestion.
  • Prepares compliance filings on power load and capacity regulations.
  • Responsible for supporting key commercial analytical functions which support data-driven decision making, discovery of insights, growth and enhancement of margin and the refinement of strategy across the Wabash Valley Power’s portfolio.
  • Develop an ongoing knowledge of future trends, policy changes, market dynamics, and market opportunities and threats and perform analysis to allow Wabash Valley Power to develop strategies and policies to address the ongoing changes to the industry.
  • Manage the relevant data and analytics associated with the portfolio of generation, fuel, load, hedges, and related commodities to understand and maintain underlying positions, volatilities, cross-commodity & asset correlations, risk exposures, and opportunities.
  • Identify and assess alternative commercial strategies and portfolio positions and assess impact on the portfolio in order to optimize variable margin and manage risk exposures.
  • Provide fundamental market intelligence & analysis to support commercial activities. This includes evaluating and summarizing third party/vendor provided supply, demand, and market structure analyses; facilitating the development of fundamental market views (e.g., price formation; scenarios; weather); and looking around the corner to where value is migrating.

Qualifications

  • Bachelor’s Degree in Business or Engineering.
  • A minimum of 9 years progressive experience in an electrical engineering, project management, and/or economics capacity required.
  • Prior power supply market experience preferred, along with knowledge in electric utility processes, practices, issues, and policies.
  • Prior experience in risk management is required.
  • Strong cross-functional skill sets: valuation & quantitative analysis; commercial mindset; understands markets, instruments, & market rules; understands correlation of risks and opportunities; familiarity with market data & sources, analytical tools and systems.
  • MBA preferred.

Additional Information

All your information will be kept confidential according to EEO guidelines.

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