Senior REC Trader Job at AVANGRID RENEWABLES, LLC
Purpose
Position Summary
This role will help manage REC (Renewable Energy Certificates) merchant position by executing short- and long-term trades, as directed by Lead Trader. This position requires validation of Inventory and market value and will require interface with 3rd party tracking systems and exchange platforms for the numerous eligible products sold by Avangrid.
The position will require analysis around budgeting, as well as fundamental review for different markets in order to inform liquidation strategies. The position will take an active role in delivery of products, as well as working with the internal groups to ensure accurate accounting.
Responsibilities
Position Description
- Manage Position using internal inventory system.
- Post Curve updates for numerous markets on periodic basis.
- Execute REC (Renewable Energy Certificates) transactions with Counterparty and work with internal groups to finalize contracts.
- Record Trades at time of execution and maintain trade documentation throughout contract finalization.
- Ensure Physical Delivery and Invoicing of Merchant Trades.
- Manage online execution of Aged RECs with third party liquidation system.
- Track performance relative to Budget and meet or exceed revenue requirements
- Work with lead trader to develop GM (Grant Management) Budget with internal groups.
- Track legislative and program changes in multiple REC markets.
- Coordinate with Origination team to support contract review and new transaction execution.
Additional Responsibilities
- Consult with internal stakeholders on communication requirements to protect REC value.
- Adhere to effective internal controls.
Competencies
- Be a role model
- Be agile
- Collaborate and Share
- Develop Self & Others
- Empower to grow
- Focus to achieve results
- Technical Skills
Skills and Requirements
Skills and Requirements
- Master Degree preferred and/or at least 5 years’ directly relevant experience in energy; or equivalent combination of education and experience.
- General understanding of energy industry.
- Experience with or understanding of financial and physical trading products
- Strong working knowledge of Excel and other MS Office software programs.
Additional Success Factors
- Ability to navigate and succeed in a highly matrixed reporting structure, preferably at an international company.
- Effectively provides and receives information orally in individual and group situations. Written expression is clear, concise, and conveys the desired message.
- Ability to foster and participate in a productive team environment by establishing and maintaining effective working relationships with co-workers, managers, customers, contractors, and vendors.
- Strong prioritization and multi-tasking skills with the ability to operate in a complex, rapidly changing business environment with typically tight schedules and demanding targets.
- Ability to analyze project risks and proactively identify solutions with a flexible, creative, and solution-focused outlook on problem solving.
Our Selection Process
#LI-CH1
Mobility Information
Please note that any applicant who is not a citizen of the country of the vacancy will be subject to compliance with the applicable immigration requirements to legally work in that country
Avangrid employees may be assigned a system emergency role and in the event of a system emergency, may be required to work outside of their regular schedule/job duties. This is applicable to employees that will work in Connecticut, Maine, Massachusetts, and New York within AVANGRD Network and Corporate functions. This does not include those that will work for Avangrid Renewables
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