Senior Trader

Attention all Senior Traders!!! A fast and growing company in central NJ is looking for a Sr. Trader. Our client provides a remarkable package with a salary up to $145K. The Sr. Trader will perform the following duties:

-Develop and implement trading strategies that support the direction provided by the Portfolio Director and Regional Vice President. Develop and implement pricing strategies and action plans.
-Execute delivery and risk mitigation strategies. Execute strategies developed to enhance asset value.
-Examine and execute regional arbitrage. Analyze and react to current market conditions through bidding, trading, and use of hedging strategies to maximize profits in accordance with company risk management guidelines.
-Interact regularly with other Commercial Operations traders to identify opportunities and devise strategies.
-Work with other desk staff to effectively maximize organization’s position and strategy in the designated market, including participation in pro forma development and analysis.
-Interact with market participants and electricity brokers to develop, negotiate, and execute opportunistic business transactions.
-Identify surpluses and needs for capacity and energy.
-Monitor variables that influence pricing, availability, and reliability of power sources.
REQUIREMENTS
-BS in economics, business, finance, or other relevant degree with 5+ years of power trading experience. MBA is preferred.
-Solid understanding of the bulk power market strategies, pricing, hedging and power flow strategies on the transmission grid.
-Extensive knowledge of trading tools and indices, marginal and average pricing, and generation commitment techniques.
-Strong analytical and problem solving skills; sound conceptual thinking.
-Senior Traders only – Power industry experience is a must!