Power Trading and Settlement Analyst

Saudi Arabia - Infrastructure - Utilities & Distribution - Research & Development - Professional Bachelor

Are you a driven, dedicated and ambitious Energy Trader interested in joining the team of our client, which is Leading Multinational Energy Company, Our client is offering outstanding compensation packages, a collaborative work environment and a balanced work-life company culture.

Feel free to contact

Jerin Varghese, Account manager

Apply now

About this role

  • Oversee all aspects of power scheduling, trading, maximizing utilization of thermal power plants and minimizing generation costs;
  • Recommend, develop, lead and implement changes in power trading rules/policies and procedures with new market players (PB, ECRA) to prepare free open market;
  • Provide input as needed on the project to ensure power generation fleet optimization issues are considered and addressed on new tool (eterra market and Settlement) installation;
  • Assist customer generation representatives and project teams to design new rules with main Principle buyer;
  • Trade and hedge energy commodities, options, heat rates, and energy products in the market with Principle buyer;
  • Arrange for the purchase, sale and/or transfer of blocks of electrical energy;
  • Coordinate energy purchases and/or sales with Principle Buyer and customer fuel supply/transportation entities on a daily, monthly or annual basis, and prepare and issue power schedules using eterra market and settlement digital tools;
  • Establishing dynamic and static merit-order;
  • Assist in preparing financial and written reports for Department management and local, State and Federal agencies regarding power operations, power purchases, and power consumption on a weekly, monthly and annual basis using statistical data retrieved from a computerized system;
  • Create annual and monthly budget amounts for customer counterparties, product types or charge types (monthly totals vs. budgeted expectations);
  • Perform a global view on customer generation costs and identify main optimization levers to recommend further enhancement;
  • Work directly with business SMEs (Performance and APM) to determine business needs and opportunities to provide technical business improvements;
  • Work with 3 party digital tool vendors to seek adequate resolution of system issues.

About you

  • A minimum of 5 to 8 years of experience in Power Utility within wholesales open markets (US/Europe), especially in energy trading, power demand fuel and settlement;
  • Capabilities on physical and financial markets, regulatory market design, and competitive marketplace profiles. Power trading and hedging strategies are also required;
  • Mandatory experience in thermal power generation with focus on maintenance planning, O&M costs and merit order settings;
  • Fluent and familiar with energy market digital tools: PABLO, ETERRA suit (market, commitment and settlement);
  • Familiar with data management tools: Data historians, MV90,SQL, Fortran;
  • Experience in energy demand forecasting, including management of PPA (Power Purchase Agreement), FSA (Fuel Supply Agreement), ECA (Energy Conversion Agreement) contracts management;
  • Willing to further build on and share your technical expertise;
  • Excellent written and spoken English language skills. Arabic language is important but not mandatory if the candidate is willing to learn it;
  • Demonstrating strong interpersonal skills and management capabilities (decisiveness, resilience, capacity to listen, etc.), his diplomacy and powers of persuasion are valuable assets, especially in KSA. Knows how to deal with conflicts, tensions, susceptibility and to manage several interfaces/third parties in proper manner.

What we offer

;ype of Employment – Permanent

Weekly Working Hours 40 hrs. approx.

Benefits – Family status + Medical & Air Tickets

About us

An integrated International energy company with operations spanning electricity generation and the sale of gas and electricity to homes and businesses

Summary

  • Vacancy number: PUB166517
  • Location: Saudi Arabia
  • Market: Infrastructure
  • hours per week: 40
  • Branche: Utilities & Distribution
  • Education level: Professional Bachelor
  • Area of Expertise: Research & Development
  • Closing date: Thursday, August 30, 2018
Apply now

Feel free to contact

JV

Jerin Varghese

Account manager Brunel Energy UAE Dubai

+971 4 315 3038

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