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Mitsui & Co. Energy Marketing and Services (USA), Inc. · 2 weeks ago

Sr. Trader - Power

Houston, TX

Full-time

Hybrid

Senior Level, Lead/Staff

10+ years exp

Mitsui & Co. Energy Marketing and Services (USA), Inc. is seeking a Senior Power Trader to manage and optimize their Power portfolio in the ERCOT region. The role involves developing trading positions, managing physical power positions, and collaborating with various internal and external stakeholders to enhance Mitsui’s market presence.

EnergyMarketingOil and Gas

Responsibilities

Develop and execute profitable speculative trading positions in the ERCOT power market, predominantly within a 1–3-month period

Manage daily and prompt month physical power positions in the portfolio from REP marketing and generation offtake agreements

Manage prompt and term exposure of MEMS’ preferred supplier business

Timely communication with other traders and scheduling personnel regarding market information

Work with traders in adjacent markets and regions to optimize assets that span large geographic areas

Support scheduling duties within the region

Assist internal departments, such as Confirmations, Risk, IT, and Accounting to ensure deals are managed according to their intent in a timely and accurate manner

Build and maintain relationships with third parties to increase Mitsui’s presence in the assigned region. This will include supporting VP of Power in identifying longer-term Power transaction opportunities

Support Mitsui’s fundamental market research by monitoring market developments that may impact supply/demand in assigned region

Assist in the valuation of offtake agreements

Any other duties as directed by Manager

Adherence to all corporate Risk Management policies and procedures

Qualification

Power trading experienceCommodity risk managementAllegro softwareMicrosoft OfficeAnalytical skillsIndependenceFluent in EnglishCommunication skillsTeamwork

Required

Proficiency or the ability to effectively demonstrate proficiency with appropriate training with third-party software licensed to the Company such as Microsoft Office (Excel, PowerPoint, Word)

Excellent analytical skills with keen attention to detail

Exceptional communication skills. Possess refined interpersonal verbal and written communication skills, including writing and telephone communication skills. Ability to present to senior managers when needed

Ability to work in a team environment

Ability to work independently with little to no supervision

Undergraduate degree or equivalent related work experience

Minimum 7 years of trading experience required

10 years of experience in trading environment required

Fluent verbal and written skills in English