Onsite: los Angeles
- The Senior Resource Specialist will work in a very busy team-oriented environment. In this role the Senior Resource Specialist with Energy Risk Management experience will be responsible for identifying, measuring, and mitigating financial and operational risks within our wholesale energy portfolio. The Senior Resource Specialist will ensure that market volatility is managed within the organization's risk framework. The ideal candidate will possess a deep understanding of energy commodity markets (Power, Natural Gas, Renewables) and the mathematical models used to price risk in a volatile environment
These tasks include but are not limited to:
- Develop and implement the entire ETRM workflow, including the selection and implementation of an ETRM system.
- Maintain and update Energy Risk Management Policy including all risk limits.
- Lead and manage Risk Oversight Committee meetings.
- Establish Risk, Net Cost, and exposure management (positions, valuation curves, mark-to-market) processes, settlements and close (pricing, statement reconciliation) interfaces and integrations and market and pricing data management.
- Quantitative Risk Modeling: (a) Calculate and report daily Value at Risk (VaR) and Mark-to-Market (MtM) valuation for the energy portfolio, including both physical and financial products. (b) Perform Monte Carlo simulations and stress tests to evaluate portfolio performance under extreme market conditions (e.g., weather events, infrastructure failure).
- Validate forward price curves.
- Develop and automate risk reporting dashboards for executive leadership and the Risk Oversight Committee, highlighting breaches and portfolio exposures.
- Middle Office & Governance: (a) Monitor trading activity to ensure compliance with the Risk Management Policy and authorized trading limits. (b) Analyze Basis Risk (locational price differences) and Shape Risk (timing of delivery) to ensure hedging strategies are effective. c Collaborate with the back office to resolve trade discrepancies and ensure data integrity within the ETRM (Energy Trading and Risk Management) system.
- Demonstrate willingness and capability to leverage emerging technology, automation, and Al tools to improve efficiency, quality, and speed.
- Exercise sound judgment, creative thinking, and accountability for outcomes.
- Performs other related Accountant job duties as required.
- To be successful in this role, you’ll need to 6+ years of energy industry experience in an energy risk management role M.S. or Ph.D. degree in a quantitative discipline (mathematics, quantitative finance, economics, statistics data science).
*The hiring manager is asking for someone who has a minimum of 10+years of energy industry experience in an energy risk management.
Experience Qualifications:
- Education and Experience: A Bachelor's degree from an accredited college or university, majoring in a related field and eight years of relevant experience; or an advanced degree from an accredited college or university, majoring in a related field and six years of relevant experience.
- General Required Knowledge of: Public policy and government regulations, financial and budgeting practices and procedures; long-term planning water needs assessment; team building; relevant federal, state, and local laws; project management, contract administration; environmental regulations relevant to area of expertise; trends and emerging energy and water quality technologies; experimental design and methods development; water conservation programs; water resource policy interpretation and development; environmental resource permitting, management, mitigation and planning; groundwater treatment technology; water transfers and exchanges; water resources and hydrogeology; project, risk, and task management; groundwater quality.
General Required Skills and Abilities to:
- Manage complex projects involving water transfer, exchange, environmental resource mitigation, permitting, and planning
- Negotiate storage or environmental agreements with outside agencies and authorities
- obtain permits; manage studies relating to groundwater characterization, management, impact assessment, protection and groundwater quality conditions
- Prepare detailed project plans and reports; conduct complex problem solving related to water resource and storage issues
- Prepare and deliver clear, concise, well-organized presentations to a wide variety of audiences having varying levels of technical knowledge
- assist in negotiating with representatives of external agencies to secure and manage agreements having significant impact on the organization
- Conduct sensitive discussions and negotiations with external agency representatives;
- lead, mentor, display a high level of initiative, effort and commitment towards completing assignments giving attention to detail with minimal supervision
- Encourage and facilitate cooperation, effectively present information to individuals or groups; organize and coordinate the work of others; communicate orally and in writing on administrative and technical topics
- Provide reliable customer service; be fiscally responsible;
- establish and maintain collaborative working relationships with all levels within the organization and externally; and operate current office equipment including computers and supporting applications.
- 1. Personable, Team Player, Flexible, Multitask and handles pressure well.
- 2. Detail orient, Organized, Strong Written and Verbal Communication skills a must.
- 3. Local Candidates (Southern California)
The hiring range for this position is $76.15 - $84.71.per hour. The base pay actually offered will take into account internal equity, and may also vary depending on candidate's geographic region, job-related knowledge, skills, and experience amongst other factors
Harvest Technical Services is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, pregnancy, disability, age, veteran status, or any other federal, state, or local protected class.