| Purpose: |
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Under general direction, responsible for monitoring, validating, confirming, and settling all fuel and electric trading activities to ensure compliance with Austin Energy's energy trading and risk management policies, procedures, and processes. |
| Duties, Functions and Responsibilities: |
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Essential duties and functions, pursuant to the Americans with Disabilities Act, may include the following. Other related duties may be assigned.
- Monitors compliance with approved fuel and energy trading and risk management policies, procedures, and processes, and perform regular audits.
- Reviews and validates historical price curves used for daily risk reporting and portfolio analysis.
- Develops, modifies, and implements computer models used in calculating risk management performance indicators including but not limited to portfolio market-to-market, VaR, P&L, and Option valuation.
- Develops models for automation of the risk control processes and functions using various advanced software. Apply new technology to improve risk control processes and reporting system. Provides support in the evaluation and selection of risk control and ERCOT settlement software.
- Researches and advises on the alternative technical solutions to the risk control related issues.
- Uses statistical modeling to track, evaluate, and report third party credit standings.
- Works closely with Energy Marketers to reconcile positions and align risk management strategies with short and mid term market conditions.
- Analyzes and confirms ERCOT settlement charges.
- Tests new risk calculations and evaluate risk model assumptions. Provides accounting support for wholesale power, fuel, and financial transactions.
- Monitors contracts for risk management activity compliance processes.
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| Responsibilities - Supervisor and/or Leadership Exercised: |
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None.
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| Knowledge, Skills, and Abilities: |
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Must possess required knowledge, skills, abilities, and experience and be able to explain and demonstrate, with or without reasonable accommodations, that the essential functions of the job can be performed.
- Knowledge of fuel and energy trading activities and associated risks.
- Knowledge of fuel and energy risk management tools.
- Knowledge of utility regulation and deregulation issues.
- Knowledge of ERCOT market rules and regulations.
- Knowledge of industry standard fuel and energy trading agreements.
- Skill in analyzing financial and statistical reports.
- Skill in using computers and related software applications.
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| Minimum Qualifications: |
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- Graduation with a Bachelor’s degree from an accredited college or university with major course work in Accounting, Economics, Finance, Mathematics, or in a field related to the job, plus three (3) years related experience
- Masters degree in related fields or CPA may be substituted for one (1) year experience up to a maximum of two (2) years.
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| Licenses and Certifications Required: |
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None.
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