Energy Analyst Lead Job at Lower Colorado River Authority
Job No: 496971
FT/PT: Full-time
Regular/Project/Seasonal: Regular
Location: Austin, TX 78703
City: Austin
State: Texas
Categories: Other, Operations/Maintenance (Power, Water, Transmission, Telecom), Hybrid
FT/PT: Full-time
Regular/Project/Seasonal: Regular
Location: Austin, TX 78703
City: Austin
State: Texas
Categories: Other, Operations/Maintenance (Power, Water, Transmission, Telecom), Hybrid
As an Energy Analyst Lead, this position reports to the Director of Structuring and Analysis (Commercial) and will perform power modeling, forecasting, analysis, and reporting in support of LCRA’s wholesale electric market business operations. The Energy Analyst Lead provides financial, economic, and statistical analysis related to wholesale power expenses, pricing, settlement, structuring, and/or risk. This position requires specialized depth and/or breadth of expertise in interpreting and recommending best practices. The Lead is self-motivated, works and thinks independently, to foster innovative solutions to complex situations. Progression to this level is limited based on business requirements and may lead functional teams or projects.
You will be trusted to:
- Provides direct planning and analytical support for the development of electric power supply strategies, evaluation and analysis of generation assets, and power purchase and sale contracts.
- Performs quantitative analysis and modeling including advanced financial, economic, and statistical analysis relating to the impacts of fuel, purchased power activities, and other wholesale market activities.
- Analyzes power sales and purchase contracts and their potential benefits and risks to LCRA's wholesale portfolio.
- Develops and maintains complex economic evaluation and cash flow simulation models for fuel supplies, power generation, purchased power and load costs.
- Analyzes data from natural gas, coal and electrical power generation markets and formulates statistics to draw meaningful conclusions.
- Assesses transactions for value, commodity and non-commodity risks, capital requirements, cash flows, physical optionality, and strategic benefits.
- Manages complex contractual requirements for pricing, cost allocation, rates and reconciliation.
- Provides complex analysis to enable contract strategies that help retain customers and positions LCRA to compete in de-regulated markets.
- Advises management on short-term issues affecting LCRA's long-term electric generation resource outlook, rates and strategy.
- Develops and deploys databases for research and information.
- Ensures quality assurance and quality control of data and documentation.
- Identifies and corrects errors in complex mathematical calculations performed by various software tools used.
- Understands and implements complex ERCOT protocols related to ERCOT settlement, scheduling and dispute resolution.
- Plans, compiles and analyses budgets, develops financial projections and administers related budgetary programs and controls for wholesale power expenses and revenues
- Prepares variance report of actual financial results (monthly, quarterly and fiscal period) to comparable budget data by process/activity on a departmental and rate basis.
- Prior experience and/or knowledge of power plant best practices when developing new processes and metrics.
- Familiarity with energy transition practices, fuel source variabilities, and renewable power dynamics.
- Provides training and develops training materials for new and established software.
This general overview only includes essential functions of the job and does not imply that these are the only duties to be performed by the employee occupying this position. Employees will be required to follow any other job-related instruction and to perform any other job-related duties requested by supervisor or management.
You qualify with:
- Twelve or more years' experience in energy analytics.
- A degree(s) in business, economics, engineering, mathematics or a relevant field may be substituted per LCRA guidelines for certain years of experience.
You are a great fit with:
- Bachelor’s or higher degree in business, economics, engineering, mathematics or relevant field
- Experience Excel (VBA) and other analytical tools
- Strong quantitative and analytical skills with attention to detail and accuracy
- Strong internal and external relationship skills
- Strong written and verbal communication skills
Knowledge, Skills and Abilities:
- Knowledge of financial, economic, quantitative and statistics analysis
- Knowledge of ERCOT Nodal Protocols, settlement calculations, ancillary services and congestion issues
- Knowledge of electric generation, transmission and distribution systems
- Knowledge of economic and financial forecasting
- Knowledge of electric generation simulation modeling in a deregulated market
- Knowledge of the utility industry and electric market operations
- Knowledge of accounting principles and practices
- Knowledge of database design and management
- Knowledge of financial instruments such as derivatives and options
- Skill in developing and maintaining effective customer and counter party relationships
- Skill in analyzing and solving problems
- Skill in verbal and written communication
- Skill in negotiation
- Skill in articulating complex, technical information to both technical and non-technical audiences
- Intermediate skill level in office productivity applications (such as email, word processing, spreadsheets, etc.)
- Ability to identify and measure risks associated with fuel, energy and transmission issues
- Ability to develop or work with statistical forecasting models
- Ability to identify problems and solutions that deliver outstanding customer service
- Preferred knowledge or trainability in PowerWorld, UPlan, and/or other power flow software modeling.
- Preferred knowledge of working with large datasets and/or basic programming knowledge such as Python or R.
Work Environment:
- Work hours are spent in an office environment
- Work involves frequent finger/hand manipulation in using a keyboard and mouse
You gain:
- Competitive salary & medical, dental, vision and legal insurance
- Paid time off, including time for vacation, sick and family care leave
- 401(k) match up to 8% that includes a student loan 401(k) contribution program option
- Life and disability insurance
- Wellness program including wellness incentive
- Extensive learning & development programs
And more - all to create a compelling and rewarding work environment.
Equal Opportunity Employer
LCRA provides equal employment opportunities and a work environment free of discrimination and harassment. All employment decisions at LCRA are based on business need, job requirement and individual qualifications, without regard to race, color, religion, gender identity, national origin, age, disability, sexual orientation, genetic information, or veteran status in accordance with applicable federal and state legal requirements governing nondiscrimination in employment.
Advertised: 12/06/2022 Central Standard Time
Applications close:
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