Quantitative Renewable Energy Trader

In this role in the Asset Management team, you will be responsible for trading, price formation analysis, and optimization of the Day-Ahead and Real Time (DART) bidding strategy for ERCOT, SPP, PJM, and future markets. You will assess market fundamentals daily and determine bidding strategies for Scout's portfolio of utility scale wind and solar projects in each of these markets. You will adhere to internal trading limits and execute timely submission of bids daily. You will work with the current team to deploy existing strategies, develop and recommend new strategies, and monitor market fundamentals.
Additionally, you will be responsible for maintaining a daily model and report to account for profits and losses, forecast versus actual generation, and daily and hourly pricing. You will also assist by following and making recommendations on, capacity auctions, and various revenue optimization activities, which require price formation analysis for Scout’s portfolio of operating assets.
You will be a key trader and decision maker for the Scout team regarding the DART trading program on a day-to-day basis. You will report directly to the Director of Asset Management. In this cross-functional role you will:
Serve as key trader and scheduler in the Day-Ahead and Real-Time Markets in designated markets.
Report directly to the Manager of Energy Trading on daily project fundamentals and P&
L.
Communicate effectively with senior management on price formation and trading activities.
Understand the capacity markets in each ISO and assist in determining pricing analysis and strategy.
Employ excellent risk management skills.
Internally, you will collaborate with other Scout staff to ensure they are kept apprised of trading activities:
Engage with the Origination and Transmission teams to ensure current market trends are understood and daily trading strategies match fundamentals occurring in the DA and RT markets.
Report upon and discuss monthly the trading strategy and your approach to achieve superior results.
Recognize and communicate changing market dynamics and report to senior Asset Management team members and senior management on potential changes in strategy to implement positive trading results more effectively.
Challenge yourself to understand the various Capacity Markets in each ISO and assist in pricing analysis and risk versus reward for bidding into capacity auctions.
Most work will take place Monday through Friday starting at 7:
00 am MT. Weekend responsibilities included but rotating as needed.
Requirements
These skills and qualifications are required as a basic foundation for this role:
A Bachelor’s degree in a STEM field from an accredited college program.
Strong Microsoft Excel and data analysis skills.
Authorized to work in the U.S. without sponsorship.
In addition, our preferred candidate will have the following experience – or will demonstrate the ability to learn quickly in these areas:
Experience in PJM, ERCOT, and SPP Day Ahead and Real Time Markets and fundamentals that drive those markets.
Understanding of U.S. power markets and transmission system.
Proficiency in online platforms such as Yes Energy, SNL, Enverus, ISO/RTO Websites to obtain an overall daily fundamental view of the market.
Understanding of Intermittent Renewable Resource forecasting and economics.
Ability to recognize changing market fundamentals and communicate swiftly and effectively to the Scout team.
Working Style
Independent learner who can quickly apply lessons learned in one area to all other work areas.
Strong organizational skills with process orientation and attention to detail.
Ability to prioritize and deliver top-quality work product in multiple areas without direct supervision.
Strong interpersonal skills with the desire to work in a fast-paced, entrepreneurial environment and to meet deadlines and complete time-sensitive duties.
Self-motivator with exceptional leadership and communication skills.
Experience using influence rather than authority to achieve desired outcomes.
Authorized to work in the United States.
Timeline and Location
We will review resumes for this role on an ongoing basis with a target hire date no later than August 2024.
Our ideal candidate will be willing to work from our Boulder, Colorado, office at least three days per week. Our ideal candidate will be available to start work by 7:
00 AM MT Monday – Friday.
Scout’s Values
Mission-Orientation. High achievers who want to make a difference in this world and contribute to Scout’s stated mission.
Teamwork. Respectful and appreciative colleagues with strong interpersonal skills and a commitment to fostering positive relationships across organizational boundaries to deliver on shared team goals.
Safety. Uncompromising advocates for the health and safety of fellow employees, contractors, customers, and community members.
Integrity. Ethical professionals who do the right thing even when it is difficult.
Initiative. Resourceful self-motivators who thrive in a fast-paced, entrepreneurial environment because of their exceptional leadership, work ethic, and organizational skills.
Intelligence. Problem-solving learners who can make informed decisions quickly and create innovative and pragmatic solutions to challenging problems.
Invitation to Women and U.S. Underrepresented Groups
We encourage applications from all demographics and especially those that are traditionally underrepresented in the energy industry. Consistent with our core values, Scout celebrates the diversity of thought and experience that comes from a range of backgrounds including, but not limited to, gender, race, and ethnicity.
Invitation to Veterans
Scout welcomes veterans of the United States Armed Forces to apply for this position. Scout includes veterans of all branches and a diverse set of occupational specialties. We value the independent thinking, problem solving, leadership, and teamwork that our veterans have developed through their service. We welcome applications from any service and any military occupational specialty.
Benefits
Target base salary:
$80,000 – 100,000. Negotiable for the right candidate.
Attractive bonus potential.
Scout offers a full range of benefits, including medical/dental/vision insurance with attractive premiums, 401(k) match, short-term disability (STD), long-term disability (LTD), an Employee Assistance Program, and a range of optional supplemental insurance coverage.