Portfolio Administrator

Company: New York Power Authority
Location: White Plains
Posted on: March 9, 2023

Job Description:

SummaryThese Market Analysis and Hedging (MA&H) roles evaluate and execute portfolio strategies (Merchant and Customer Portfolios) and provide market and portfolio analytics for NYPA.

• The Analytics team review market and portfolio trends, provide insight to market fundamentals for Portfolio managers, and management of our valuation and risk models.
• The Hedging team provides stability to our Portfolios by managing, executing, and recommending hedging strategies to the various NYPA portfolios.
• The Customer Portfolio team manages and drives portfolio risk mitigation strategy on behalf our NYPA Customers.Responsibilities

• Execute operational task in a highly organized and consistent manner.
• Establish and maintain formal procedures for team functions with definitions and standardization of Portfolio.
• Ad-hoc support to team/projects.Analytics
  • Execute detailed daily functions such as publishing and reviewing daily Merchant Gross Margin report.
  • Monitor and analyze energy and ancillary market trends.
  • Support Portfolio Managers in reviewing valuations for annual budget setting process.
  • Support NYPA's annual LFRP (Long Range Financial Plan), monthly MA&H executive summary and quarterly fundamental and market outlook report.
  • Develop and maintain relationships with internal stakeholders.
  • Create and enhance existing list of performance and operational management reporting.Hedging
    • Assist in the development of power price forecasts for NYISO zones and buses of interest.
    • Monitor prices and market development for energy, capacity, ancillary, renewable and fuel.
    • Conduct generation dispatch, revenue forecast analyses and capacity forecasts for NYPA's major generators for the current year plus four additional years.
    • Support Portfolio Managers in hedging analysis and presentations.
    • Provide Operational Support to Hedging team, ie reconcile brokerage, trade checkouts, master agreement reviews, etc.Customer Portfolio
      • Review monthly installed capacity (ICAP) certification data to ensure generator values are correctly accounted for by the NYISO.
      • Monitor the market, competitive conditions, and associative variables for the formation of capacity markets bid strategies which influence pricing and availability.
      • Review past bidding performance metrics by the GRM Traders and report on those metrics as they relate to NYPA's individual generating assets and their performance in the marketplace.
      • Research capacity markets in neighboring service territories to evaluate cost of imports and effect on NYISO market & NYPA assets.
      • Monitor & provide input regarding the changing ICAP market rules (i.e. - in-city mitigation, locational requirement changes, demand curve development etc.).
      • Produce and review weekly metrics. Monitor and analyze energy, ancillary and market trends. Review opportunities and characterize trends to assist the GRM Traders in their bidding strategies. Develop and enhance performance measures to monitor performance.Knowledge, Skills and Abilities
        • Possess strong sense of accountability.
        • Interpersonal skills, collaborative, and the ability to work on a team.
        • Good verbal and written communication skills.
        • Detail-oriented and capable of delivering with high level of accuracy.
        • Strong analytic and problem-solving skills.
        • Ability to multi-task and take directions and work as part of a team with moderate level of independent work.
        • Introductory knowledge of NYISO Market and Products (ie capacity, energy, ancillary or fuel markets) and Power Plant Operations.
        • Proficient in MS Office (specifically Excel).
        • Experience in database programming and querying using SQL, MS Access, VBA, SAS and Oracle preferred.Education, Experience and Certifications
          • Bachelor's Degree in Economics, Mathematics, Computer Science, Statistics, Business, Engineering, or related field required.
          • Minimum of 2 years of experience in an analytical field.
          • Minimum of 1 year of experience in the utility industry preferred.Physical Requirements
            • May require travel to attend conferences and customer meetings. Travel is primarily within New York State.New York Power Authority is committed to providing fair, competitive, and market-informed compensation. The target salary range for this position is: $84,000 - $102,500. Salary offered will be determined based the successful candidates' relevant experience, knowledge, skills, and abilities.The New York Power Authority and Canals Corporation believes that equity, diversity, and inclusion drive our success, and we encourage women, people of color, LGBTQIA+ individuals, people with disabilities, members of ethnic minorities, foreign-born residents, and veterans to apply. As an equal opportunity employer, NYPA/Canals is committed to building inclusive, innovative work environments with employees who reflect communities across NY and enthusiastically serve them. We proudly celebrate diversity and do not discriminate based on race, religion, color, national origin, sex, sexual orientation, gender identity and/or expression, age, veteran status, disability status, pregnancy, marital status, genetic information, arrest record or criminal conviction history, or any other category protected by law.We are happy to provide reasonable religious accommodations during the hiring process for those in need. If you have a disability or special need that requires a reasonable accommodation, please send a request to.

Keywords: New York Power Authority, White Plains , Portfolio Administrator, Other , White Plains, New York