Mitsui & Co. Energy Marketing and Services (USA), Inc.
Trader II - Power (PJM)
Mitsui & Co. Energy Marketing and Services (USA), Inc., Houston, Texas, United States, 77246
Join to apply for the
Trader II - Power (PJM)
role at
Mitsui & Co. Energy Marketing and Services (USA), Inc. 1 week ago Be among the first 25 applicants Join to apply for the
Trader II - Power (PJM)
role at
Mitsui & Co. Energy Marketing and Services (USA), Inc. Department/Division:
Energy Trading & Marketing
Location:
Houston, TX
Reports Directly To:
VP, Power Trading
FLSA Status:
Exempt
Summary
The Power Trader for MEMS will be responsible for managing and optimizing Mitsui’s Power portfolio in the Northeast US region in the next day and prompt month Power market. This position supports the overall Power trading department and will be required to work closely with Origination personnel for MEMS and other Mitsui companies. The successful candidate will thoroughly understand the Power grid, key participants, and physical flow dynamics in the region.
Essential Functions & Responsibilities
Develop and execute profitable speculative trading positions in the Northeast power markets, 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. 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 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 valuation of offtake agreements Any other duties as directed by Manager Adherence to all corporate Risk Management policies and procedures
Required Skills & Abilities
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.
Education & Experience
Undergraduate degree or equivalent related work experience (Finance or Accounting preferred) Minimum 3 years of trading experience required 5 years of experience in trading environment required Experience with Allegro a plus.
Language Skills
Fluent verbal and written skills in English
Licenses, Certificates, Registrations
None
Work Environment & Physical Demands
This job operates in a professional office environment and routinely uses standard office equipment such as computers, phones, photocopiers, and filing cabinets. Physical demands include:
Prolonged periods of sitting and may need to routinely move around to communicate with different groups
Benefits & Perks
Medical, Dental, Vision benefits 401K and Company Match Tuition Reimbursement Generous PTO Policy Breakroom Snacks / Beverages Company Telework Policy
Position Competencies
Job Knowledge Analytical Skills Compliance Decision-Making/Judgement Teamwork & Cooperation
Disclaimer
This position description is not to be construed as an exhaustive statement of duties, responsibilities, or requirements. Employees may be required to perform any other job-related instructions as requested by their leader, subject to reasonable accommodation.
MEMS is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, or disability. Seniority level
Seniority level Mid-Senior level Employment type
Employment type Full-time Job function
Job function Finance and Sales Industries Oil and Gas Referrals increase your chances of interviewing at Mitsui & Co. Energy Marketing and Services (USA), Inc. by 2x Get notified about new Trader jobs in
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Trader II - Power (PJM)
role at
Mitsui & Co. Energy Marketing and Services (USA), Inc. 1 week ago Be among the first 25 applicants Join to apply for the
Trader II - Power (PJM)
role at
Mitsui & Co. Energy Marketing and Services (USA), Inc. Department/Division:
Energy Trading & Marketing
Location:
Houston, TX
Reports Directly To:
VP, Power Trading
FLSA Status:
Exempt
Summary
The Power Trader for MEMS will be responsible for managing and optimizing Mitsui’s Power portfolio in the Northeast US region in the next day and prompt month Power market. This position supports the overall Power trading department and will be required to work closely with Origination personnel for MEMS and other Mitsui companies. The successful candidate will thoroughly understand the Power grid, key participants, and physical flow dynamics in the region.
Essential Functions & Responsibilities
Develop and execute profitable speculative trading positions in the Northeast power markets, 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. 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 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 valuation of offtake agreements Any other duties as directed by Manager Adherence to all corporate Risk Management policies and procedures
Required Skills & Abilities
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.
Education & Experience
Undergraduate degree or equivalent related work experience (Finance or Accounting preferred) Minimum 3 years of trading experience required 5 years of experience in trading environment required Experience with Allegro a plus.
Language Skills
Fluent verbal and written skills in English
Licenses, Certificates, Registrations
None
Work Environment & Physical Demands
This job operates in a professional office environment and routinely uses standard office equipment such as computers, phones, photocopiers, and filing cabinets. Physical demands include:
Prolonged periods of sitting and may need to routinely move around to communicate with different groups
Benefits & Perks
Medical, Dental, Vision benefits 401K and Company Match Tuition Reimbursement Generous PTO Policy Breakroom Snacks / Beverages Company Telework Policy
Position Competencies
Job Knowledge Analytical Skills Compliance Decision-Making/Judgement Teamwork & Cooperation
Disclaimer
This position description is not to be construed as an exhaustive statement of duties, responsibilities, or requirements. Employees may be required to perform any other job-related instructions as requested by their leader, subject to reasonable accommodation.
MEMS is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, or disability. Seniority level
Seniority level Mid-Senior level Employment type
Employment type Full-time Job function
Job function Finance and Sales Industries Oil and Gas Referrals increase your chances of interviewing at Mitsui & Co. Energy Marketing and Services (USA), Inc. by 2x Get notified about new Trader jobs in
Houston, TX . Greater Houston $200,000 - $250,000 3 days ago Houston, TX $175,000 - $185,000 2 days ago Houston, TX $113,900.00 - $174,570.00 2 weeks ago SAP Oil and Gas Downstream with Trader and Scheduler Workbench Exp USA
Houston, TX $113,900.00 - $174,570.00 2 weeks ago Greater Houston $200,000.00 - $210,000.00 1 week ago Greater Houston $110,000.00 - $180,000.00 1 week ago Houston, TX $150,000.00 - $200,000.00 1 day ago Houston, TX $184,000 - $276,000 3 weeks ago Houston, TX $200,000 - $300,000 2 weeks ago Houston, TX $160,000 - $200,000 3 weeks ago We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.
#J-18808-Ljbffr