Colorado Springs Utilities Senior Gas Trader in Colorado Springs, Colorado
Senior Gas Trader
Job Type: Business Operations
Pay Range $123,000 to $137,000
Location Colorado Springs, CO
Date First Posted 5/10/23
Senior Gas Trader
This job is eligible for relocation assistance to aid with the costs of relocating to the Colorado Springs area.
Colorado Springs Utilities' Fuels and Purchase Power group is seeking a Senior Gas Trader to schedule, release idle transportation capacity, research, plan, and evaluate resource supply systems and economic factors to optimize resources and reliability. The successful candidate will possess advanced knowledge of gas and coal commodities markets and resources, and a drive to maintain the safety, reliability, and low-cost mission of our Utility.
A day in the life of a Senior Gas Trader may include:
Negotiating short-term purchases and sales and delivery contracts to ensure demand is met
Performing analyses to predict and plan for load, supply resources, and/or reserve obligations
Trading around the supply portfolio using scheduling/constraint intelligence by using excess storage capabilities to firm up arbitrage moves
Scheduling, routing, and confirming gas using transportation, storage, and peaking contracts on various transporting pipelines through a nomination and confirmation process
Ensuring daily nominations are submitted to the pipelines before FERC deadlines expire
Reviewing pipeline EBBs to keep the team informed of constraints or other transportation issues
Reconciling pipeline volume balances and reports on reasons for delivery failures
Developing short and mid-term gas trading strategies around our Risk Management Policy
Releasing excess capacity to third parties to reduce the LDC's transportation charges
Arranging for transportation, storage, and other services associated with sales and purchases
Developing and maintaining positive relationships with pipelines, suppliers, and markets to facilitate the uninterrupted flow of gas and resolve discrepancies
Avoiding pipeline penalties and managing imbalance differences between pipelines, storage providers, suppliers, and buyers
Maintaining the load forecast database daily by entering the forecast and actuals
Analyzing forecasted demand relative to the existing supply portfolio
Monitoring and collecting market intelligence impacting transportation and storage, and discussing relevant market and/or operational information with the team
Please note that this position will require participating in after-hours/weekend on-call rotation by checking for timely cycle cuts and moving gas if applicable, nominating any last cycle adjustments and communicating with Real-Time Traders, Interstate pipelines, and gas control and counterparties.
Who You Are (the following knowledge, skills, and expertise will lend to success in this role)
Relevant and progressively responsible experience in a power, natural gas, or related trading capacity
Bachelor's degree in Economics, Finance, Math, Accounting, Physics, Engineering, or a related field is valued
Experience with Energy Trading and Risk Management (ETRM) systems and related analytical software products
Experience with nominations or interstate pipelines
Knowledge of natural gas/coal/propane and diesel marketing principles
Knowledge of applicable regulations, including FERC, NAESB, and internal policies
Knowledge of commodity management
Knowledge of analytical and evaluation techniques of complex technical data
Who We Are
One of the largest four-service public utilities in the nation (over 500,000 customers)
A national leader in reliability (power on an average of 99.991% of the time)
Diamond Designation recipient from the American Public Power Association – a utility leader in reliability, safety, workforce development, and system improvements
Located at the base of the Rocky Mountains in the most desired city to live in the United States (U.S. News & World Report, 2022)
Our Commitment to our Employees
Our people are the heart and soul of Colorado Springs Utilities. They keep the lights on, gas flowing, water coming in, and wastewater leaving. We do not just say people are important – we prove it! That’s why we are honored to invest in protecting the health and financial security of our employees and their families through our rich benefits program.
Time Off – Because everybody needs time off to recharge
Vacation – New employees accrue 13 days of paid time off to start, while our more tenured employees accrue 24 days per year
Personal Leave –3 days per year of personal leave
Paid Holidays –10 paid holidays per year
Sick Leave – Accrue 12 days of sick leave annually for those days when you or a family member is feeling under the weather
Vacation Buy – Purchase up to 40 hours of additional vacation time
Pension Plan – Looking forward to a comfortable lifestyle once you’re done working? The Colorado Public Employees’ Retirement Association (PERA) provides you with retirement benefits and peace of mind when you retire
Medical – Select from three comprehensive medical plans, starting at $10.00 a month. Employees also enjoy access to a Health Savings Account (HSA) and Flexible Spending Account (FSA)
Wellness Program – Voluntary wellness program that allows you and your spouse to each earn up to $500 to use towards healthcare expenses, $100 in Visa gift cards, and up to $400 in gym membership reimbursements
Dental – Select from two dental plans, with in-network PPO preventive care covered at 100% and access to orthodontia coverage
Vision – Voluntary plan that covers full vision care services and discounts on LASIK eye surgery
Retirement Saving Programs – Supplement your pension plan with voluntary retirement programs such as the PERAPlus 401(k) and MissionSquare’s Roth IRA and 457 plans
Disability Coverage – Short-Term (STD) and Long-Term Disability (LTD) insurance available for purchase
Employee Assistance Program (EAP) – Makes the going a little easier by aiding with mental health, stress management, work-life balance, financial and legal matters, and much more
Long-Term Care Insurance (LTC) – Whether it's due to an accident or a serious illness, LTC insurance is available for purchase to help you and your loved ones
Life Insurance – Company-paid life insurance and supplemental coverage are available
Curious about joining our team? Learn more at https://coloradospringsutilities.jobs/jobs/
All positions will be posted for a minimum of 5 calendar days.
Starting pay will be determined within the posted pay range based on the experience, education, and training of the successful candidate; if there is a single pay rate posted, the job starts at that rate.
Colorado Springs Utilities does not sponsor work visas of any kind (including but not limited to F-1, H-1B, or TN visas). Eligible applicants must be authorized to work in the United States.
Colorado Springs Utilities is an Equal Employment Opportunity/Affirmative Action employer. Our differences make us richer. Learning and growing from one another makes us more than what we were. We want our workforce to be as diverse as our business and recognize the limitless benefits of this commitment. Our desire is to have the organization reflect the diversity of the Pikes Peak Region. As an Equal Employment Opportunity employer, it is our commitment that no person shall be unlawfully discriminated against because of race, color, national origin or ancestry, sex, age, religious convictions, veteran status, disability, political beliefs, sexual orientation, or gender identity. Affirmative Action is Colorado Springs Utilities’ effort to ensure positive steps are taken to have a representative workforce reflective of the relevant available labor force.
For more information regarding applicant rights, visit https://www.dol.gov/ofccp/regs/compliance/posters/ofccpost.htm
Accessibility Accommodations . If you are an individual with a disability or disabled veteran who is unable to use our online tools to search and apply for jobs, you may request a reasonable accommodation by contacting us at firstname.lastname@example.org or by calling 719-668-7500. This option is reserved for individuals who are unable to use or require assistance with the online tools as the result of a disability and is not intended for other purposes.
E-Verify and Right to Work Notice . Federal law requires all employers to verify the identity and employment eligibility of all persons hired to work in the United States. Colorado Springs Utilities participates in E-Verify. For more information on your rights and responsibilities as an applicant, please visit: http://coloradospringsutilities.jobs/applicants-rights-and-responsibilities/ . If you have a legal right to work in the United States, there are laws to protect you against discrimination in the workplace. You should know that no employer can deny you a job or fire you because of your national origin. Unless mandated by law or government contract, employers cannot require you to be a U.S. Citizen or permanent resident or refuse any legally acceptable documents. If any of these things have happened to you, you may have a valid charge of discrimination that can be filed with the OSC. Contact the OSC for assistance in your own language. Call 1-800-255-7688. TDD for the hearing impaired is 1-800-237-2515. In the Washington, D.C., area, please call 202-616-5594, TDD 202-616-5525 Or write to: U.S. Department of Justice Office of Special Counsel NYA 950 Pennsylvania Ave., N.W. Washington, DC 20530.
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Job Type: Business Operations