What are the responsibilities and job description for the Trader Gas position at ALLY Energy?
Calpine Corporation is America's largest generator of electricity from natural gas and geothermal resources with operations in competitive power markets. Its fleet of 77 power plants in operation represents over 27,000 megawatts of generation capacity. Through wholesale power operations and its retail businesses, Calpine serves customers in 22 states and Canada. Its clean, efficient, modern and flexible fleet uses advanced technologies to generate power in a low-carbon and environmentally responsible manner.
The company was established on the premise that a strong commitment to the environment is inextricably linked to excellence in power generation and corporate responsibility. Since its founding in 1984, Calpine has led the power industry in its unwavering commitment to environmental stewardship. In addition, its renewable geothermal plants use steam generated deep below the earth's surface to produce clean, renewable electricity.
Job Summary (includes but is not limited to the following, other duties may be assigned)
Supports Calpine’s natural gas physical trading and risk management activity. Responsible for trading desk operations. Transacts for short-term and intermediate commodity trading transactions. Specializes in the 30-day spot market. Uses futures and other financial tools as a service for customers and for the internal hedging of deals. Has enough knowledge of gas control, capacity release markets, storage, and pipeline transportation to play a major role in daily sourcing optimization. Also involved in position management, position reconciliation, project-oriented work and deal analysis. For those with emphasis on analytics, assists with developing trading strategies based on fundamental analysis of the market.
Job Scope & Technical Excellence
Additional Calpine Information
The company was established on the premise that a strong commitment to the environment is inextricably linked to excellence in power generation and corporate responsibility. Since its founding in 1984, Calpine has led the power industry in its unwavering commitment to environmental stewardship. In addition, its renewable geothermal plants use steam generated deep below the earth's surface to produce clean, renewable electricity.
Job Summary (includes but is not limited to the following, other duties may be assigned)
Supports Calpine’s natural gas physical trading and risk management activity. Responsible for trading desk operations. Transacts for short-term and intermediate commodity trading transactions. Specializes in the 30-day spot market. Uses futures and other financial tools as a service for customers and for the internal hedging of deals. Has enough knowledge of gas control, capacity release markets, storage, and pipeline transportation to play a major role in daily sourcing optimization. Also involved in position management, position reconciliation, project-oriented work and deal analysis. For those with emphasis on analytics, assists with developing trading strategies based on fundamental analysis of the market.
Job Scope & Technical Excellence
- Solid, working knowledge of the natural gas market, gas scheduling, pipeline transportation, capacity release markets, storage, and financial derivatives.
- Experienced professional with full understanding of job, company and industry practices. While the focus of this job is on trading, may also be required to perform financial analysis duties.
- Performs in fully functioning capacity, equivalent to a journey level contributor.
- Makes decisions regarding own work, often in ambiguous situations; makes recommendations regarding own function/discipline.
- Solves operational problems and associated technical issues; modifies existing tools, techniques or processes.
- Works on problems of moderate complexity.
- Uses independent judgment within defined policies and practices. Interprets guidelines, select methods, techniques and analytical approach.
- Little instruction on day-to-day work, general instructions on new assignments.
- May be designated project or technical lead for an ongoing process or short-term project within own department.
- Information sharing - gives and receives information such as options, technical direction, instruction and reporting results.
- Minimum 60 semester hours of college coursework, with an emphasis in Business, Mathematics, Applied Statistics, Accounting, Economics or equivalent; prefer Bachelor’s Degree.
- Journey - level; typically requires 3 years experience including working knowledge of trading tools and indices, marginal and average pricing and generation commitment techniques.
Additional Calpine Information
- Equal Opportunity Employer of Minorities, Females, Protected Veterans, and Individuals with Disabilities.
- Calpine is committed to Equal Employment Opportunity and providing reasonable accommodations to applicants with physical and/or mental disabilities. If you are interested in applying for employment and need special assistance or an accommodation to use our website or to apply for a position, please send an e-mail with your request to hrrecruitment@calpine.com. Determination on requests for reasonable accommodation are made on case-by-case basis.
