Job Information
Associated Electric Cooperative, Inc. Energy Risk Management Specialist I in Springfield, Missouri
Discover a POWERful career at Associated Electric! Our organization offers challenging and rewarding work with career development and internal mobility opportunities - all within a family friendly and community centric culture. Our purpose is simple - to provide safe, reliable and affordable energy for our member-owners. At Associated Electric, one of the largest electric cooperatives in the nation, opportunities to gain valuable experience and contribute new ideas in an ever-changing industry are endless.
Ready to Power Up Your Career?
At Associated Electric, we are committed to providing reliable and sustainable energy to our communities. Our team is dedicated to innovation, efficiency, and maintaining the highest standards of operational excellence. We are looking for a talented and detail-oriented Energy Risk Management Specialist to join our dynamic team.
The Energy Risk Management (ERM) Specialist plays a crucial role in supporting Power Marketing activities by reporting and measuring portfolio risk. This position ensures that all transactions executed by Power Marketing are accurately captured into the appropriate risk system in a timely manner. The ERM Specialist is responsible for monitoring risks with third parties, preparing reports for Finance, Audit & Risk (FAR) meetings, and maintaining key risk management documents.
What you’ll do:
Verify that all Power Marketing transactions are captured accurately and timely in the appropriate risk system.
Monitor risks with third parties and prepare monthly risk reports for FAR meetings, explaining monthly risk metrics and reporting trader violations.
Understand forward energy curves for mark-to-market energy transactions, including correlations and volatilities for options.
Measure and monitor counterparty credit risk for all commodity types, coordinating with Accounting & Finance to assess counterparty financial strength and creditworthiness.
Support the administration and negotiation of energy contracts, including standard agreements (ISDA, EEI, NAESB, WSPP) and non-standard agreements.
Develop and implement procedures for an Energy Trading and Risk Management System that meets AECI’s needs.
Develop and present reports to the Contract & Risk Committee or FAR, monitor risk positions, and ensure accurate transactional data capture in line with AECI’s Risk Policy.
Coordinate with E&O’s process to enable counterparties to transact with AECI, including standard contracting and credit review.
Provide support for regulatory filings including FERC, CFTC, Dodd/Frank, and quarterly EQR filings.
What you’ll need:
Bachelor’s degree in business, Accounting, Finance, Engineering, or equivalent experience.
Ability to manage multiple tasks with precision and speed.
Strong verbal and written communication skills for transactions with industry counterparts and strong planning and organization abilities.
Experience with Microsoft Office Suite, particularly Excel.
Competency in systems such as energy accounting software, power scheduling software, and RTO interfaces.
Familiarity with RTO Settlement calculations and all types of charges.
Knowledge of accrual and mark-to-market accounting.
Strong understanding of statistics and risk evaluation.
As an employer of choice and a certified Great Place to Work, Associated provides employees competitive compensation, 401k with an employer match, health, paid leave for family planning (including adoption), paid disability leave and other benefits. We support employees in their journey to physical, financial, emotional and social well-being and we encourage employees to enjoy time away with Paid Time Off, paid holidays and volunteerism in community events. Associated’s culture includes workforce flexibility options with opportunities for personal and professional growth including tuition reimbursement and development planning resources . Come join a team where your talents are appreciated, your voice is heard, and your work has an impact!
To learn more and apply for a position, please visit www.aeci.org/careers . You will be able to upload additional applicant documents ( i.e. resume, cover letter). AECI is fully committed to the concept and practice of equal opportunity and affirmative action in all aspects of employment. Please contact us if you require assistance in filling out an application. Individuals with disabilities should request reasonable accommodations in accordance with the Americans with Disabilities Act prior to an appointment
Ready to Join the Team? Apply today!
If you are ready to take on a pivotal role at AECI and help us manage energy risk effectively, apply now!
External Posting: 6/11/24
An equal opportunity employer and provider/disability/veteran. (https://www.eeoc.gov/sites/default/files/2023-06/22-088_EEOC_KnowYourRights6.12ScreenRdr.pdf)
Applying for a position at Thomas Hill Energy Center and/or New Madrid Power Plant?
Our pre-employment testing procedure has changed effective July 19, 2022 . When you apply, you will receive an email with additional information.
Discover a POWERful opportunity at Associated Electric Cooperative.About 910,000 homes, farms and businesses count on their rural electric cooperatives to deliver electricity 24/7. And they do with power from Associated Electric, the wholesale power supplier to six regional generation and transmission cooperatives (G&Ts) that serve 51 local electric cooperatives in Missouri, southeast Iowa and northeast Oklahoma. Each employee at Associated Electric plays a part in providing economic and reliable power to member-owners. Associated employs about 700 people full time at one Arkansas and three Missouri locations, offering employment opportunities across a wide spectrum of technical, operational and professional disciplines. The cooperative is committed to employees and provides a competitive compensation and benefit package, as well as opportunities for personal and professional development. Associated Electric has many strengths: tremendous generation and transmission assets; a strong balance sheet; and a dedicated, talented workforce. If you are ready to work with a company whose financial position and credit ratings continue to be among the best in the country and in a work environment where leaders truly care about the well-being of the workforce, you have come to the right place.