Trading Analyst/Senior at MidAmerican Energy Company in Des Moines, Iowa

Job Description:

Position Title: Trading Analyst/Senior

Location: Des Moines, IA, United States

Description:
The trading analyst supports the energy accounting, contract administration, and wholesale reporting and analytical activities for electric trading. The trading analyst develops analyses of fuel, energy and capacity supply and demand and market values, and is responsible for the development of energy trading, accounting and reporting systems and procedures to comply with internal and external requirements. The analyst is also responsible for computing and reconciling electric trading margin and accounting performance, advising on wholesale and bulk power contracts in electric trading, external reporting of wholesale energy transactions and providing financial and operational reports of electric trading activities for internal use.

Responsibilities:
Perform financial analysis and research for generation, resource development, and finance/accounting business units. This includes analysis of fuel, energy and capacity supply and demand; analysis based on market value of energy and capacity, such as economic dispatch and energy and capacity costing models; determining the financial impact of proposed and current capacity and energy transactions and generation operations. Recommend strategic actions to be taken and coordinate expenses with joint owners. (30%)

Develop and oversee the accurate calculation and reporting of electric trading financial performance on a daily, weekly, and monthly basis; with forecasted year-end performance projected and reconciled weekly. (20%)

Provide regulatory reporting of capacity and energy positions and market values. This includes providing analysis work papers, responding to federal and state regulatory data requests, and testimony to regulatory entities. (10%)

Provide and/or assist the business unit's employees with obtaining financial information required for planning the unit's activities. (10%) Prepare and/or assist the business unit's employees in preparing annual budgets and financial plan forecasts. (5-10%)

Develop procedures and oversee the data reporting and billing from Regional Transmission Organization (RTO) markets. (5-10%)

Develop and review ad hoc reports and analyses for market assessment and generation group. (5-10%)

Perform additional responsibilities as requested or assigned. (0-10%)

Qualifications:
Bachelor's degree in accounting, finance, engineering, business administration or a related field. (Typically six years of related, progressive work experience would be needed for candidates applying for this position who do not possess a bachelor's degree.)

Four years of related progressive work experience to include but not limited to energy trading or energy marketing.

Six to ten years of related progressive work experience to include but not limited to energy trading or energy marketing for the senior analyst role.

Skills to apply financial concepts and accounting principles to the analysis of financial reports and business opportunities.

Ability to direct and coordinate the development of complex financial and econometric models including those technically based.

Preferred knowledge of the trading industry related to trade types and settlements.

Strong software skills, particularly with spreadsheets and databases. Experience with industry models for energy and capacity costing preferred.

Analytical skills to recognize patterns in data, information or events and to draw logical conclusions and make recommendations for action.

Effective oral and written communication skills. Ability to prioritize and handle multiple tasks and projects concurrently. Support the company's employee policies and procedures, including workplace safety rules.

Employees must be able to perform the essential functions of the position, with or without an accommodation.

We celebrate diversity, equity and inclusion, and we are proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion or religious creed, age, national origin, ancestry, citizenship status (except as required by law), gender (including gender identity and expression), sex (including pregnancy), sexual orientation, genetic information, physical or mental disability, veteran or military status, familial or parental status, marital status or any other category protected by applicable local, state or U.S. federal law.

About US:
MidAmerican Energy Company, a Midwest utility, provides regulated electric and natural gas service to more than 1.6 million customers in Illinois, Iowa, Nebraska and South Dakota. The company owns and operates a portfolio of power-generating assets, approximately 61% of which is wind generation.

About the Team:
At MidAmerican Energy Company, we celebrate diversity, equity and inclusion. MidAmerican Energy Company is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion or religious creed, age, national origin, ancestry, citizenship status (except as required by law), gender (including gender identity and expression), sex (including pregnancy), sexual orientation, genetic information, physical or mental disability, veteran or military status, familial or parental status, marital status or any other category protected by applicable local, state or U.S. federal law.


JOB INFO

Job Identification: 10001407

Job Category: Electric Operations

Posting Date: 2024-07-25

Apply Before: 2024-08-30T21:00:00+00:00

Job Schedule: Full time


Locations: 4299 NW Urbandale Drive, Urbandale, IA, 50322, US

Salary Range: $87,600-118,400


Business: MidAmerican Energy Company

PI244298078

Salary:

$87.00

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