Sr. Gas Trader

COMPANY OVERVIEW

174 Power Global, headquartered in Irvine, California, is an affiliate company of Hanwha Group, a FORTUNE Global 500 firm that is among the eight largest business enterprises in South Korea. 174 Power Global designs, builds and manages solar power plant solutions. The company brings a decade of global leadership in solar PV to North America, combining best-of-world technology, processes, and partnerships to deliver utility-grade solar PV solutions customized for local energy markets. 174 Power Global offers the full spectrum of PV solutions – from power plant development, design, construction, operations, and maintenance. With proven capabilities across the solar value chain, 174 Power Global minimizes uncertainty and risk, and helps customers achieve a higher return on their investment in solar energy.

174 Power Global has recently embarked to enter the energy retail market in deregulated markets throughout North America. Chariot Energy is a retail energy provider based in Houston, Texas. We offer electricity to homes and businesses, and it is our goal to provide products and services our customers love and an unmatched experience that is missing in today’s retail energy market.

174 Power Global has set out to have Chariot Energy become one of the leading energy retail providers (by RCE count) within 5-years of Chariot Energy’s launch.

 

POSITION OVERVIEW

We are seeking a technical and driven Sr Natural Gas Trader who is independent, results-oriented, self-motivated and wants to be part of a dynamic organization. The ideal candidate will have experience scheduling and trading gas in the deregulated market - wholesale experience is a plus.  This position is responsible for trading energy commodities, options, heat rates, and energy products in various markets. The tenure of trade ranges from intraday through 5 years. Individuals apply a high level of competency in trading strategies, physical market knowledge, regulatory market design, and competitive marketplace profile. Reporting to the Head of Trading, the role requires a self-motivated, dedicated, and responsible individual with the ability to perform well under pressure collaboratively with a team of highly analytical and quantitative talent. The Sr Gas Trader takes full responsibility over our Gas Trading and will be on point for the underlying drives causing prices to change and all characteristics of the different systems and methodologies in place.

This position is in Houston and is an onsite role. The ideal candidate will be within commutable distance to the Houston office location.

 

RESPONSIBILITIES

• As part of the wholesale desk enabling the growth of HEUH’s business, this role will work and optimize our Gas portfolio in order to capture all trading opportunities and monitor risk.
• Transact physical gas, transport, storage, and financial basis
• Identify trading opportunities resulting from our books, the Sales-Trading flow or market movements.
• Quote competitive prices on a daily basis to the sales-trading team.
• Work together with Mid-office for a daily reconciliation and with Risk for updated VAR monitoring.
• Stay updated on market activity through direct engagement with market participants such as traders, brokers and platforms.
• Trade natural gas on a daily, monthly, and term basis to optimize system performance and capture locational and time spreads.
• Utilize fundamental market analysis to manage transportation and storage hedges, maximizing revenue while aligning with risk appetite.
• Develop quantitative and fundamental view of relevant gas markets along the entire curve.
• Optimize the value of the US portfolio in the long-/mid- and short-term markets; develop trade recommendations that enhance portfolio returns.
• Work closely with originators for new deal origination, structuring, and pricing.
• Work closely with Supply Team to identify all cross-commodity opportunities and risks.
• Consistently improve modelling tools and optimization approach, actively shaping the set-up of portfolio management infrastructure and procedures.
• Build and maintain strong internal and external relationships to ensure efficient pipeline operations and identify new marketing opportunities.
• Provide market intelligence and insights to senior management for planning and forecasting.
• Collaborate with business development and marketing teams to expand system capabilities and design trading strategies that complement growth initiatives.
• Monitor market conditions, competitor strategies, and emerging trends to inform commercial decisions.

• Create and deliver Supply related management presentations, contract executions and project management activities focused on Gas Trading.
• Provide timely reports on trading activities, market conditions, and profit/loss analysis.

 

 

REQUIRED COMPETENCIES

• Analytical - Proven problem-solving capability with strong analytical skills including statistical analysis,
• Stakeholder Engagement – Understands the importance of seeking out relationships and working with others toward a shared goal.
• Effective Communication - Strong verbal and written communication skills.
• Agility - Demonstrate willingness to modify position as needed to meet the needs of the business.

 

REQUIRED QUALIFICATIONS

• Minimum of 5+ years of progressively responsible experience in natural gas trading, with expertise in managing term physical and financial positions related to transportation and storage.
• Bachelor's in Business, Finance, Economics or any hard science quantitative. Advanced degree a plus.
• Prior Gas Trading experience with expertise in fundamental analysis, risk management, and market pricing.
• Experience pricing structured, non-standard contracts in energy markets.

• Strong knowledge of gas fundamentals and market rules/structure.

• Solid P&L experience from a trading background as this role will be looking at the markets, developing a point of view and assessing the company's VaR.
• Experience managing long-term contracts with a variety of customers and trading partners.
• Experience in deregulated electricity markets.
• Excellent interpersonal and presentation skills coupled with deep analytical capabilities.
• Ability to assess mathematical derivative pricing models within the context of real-world market conditions.

• Strong analytical skills, with the ability to process and interpret complex market data.
• Strong aptitude for problem solving and multitasking.
• Self-motivated and ability to work in a collaborative environment where teamwork and independent work ethic is essential.

• Strong verbal and writing skills.

• Deadline-oriented with an ability to prioritize tasks.
• Excellent decision-making skills in a fast-paced, dynamic environment.
• Strong proficiency in Microsoft Office Suite Apps: Excel, Access, PowerPoint.
• Proficiency in trading platforms and financial modeling tools used by energy markets (e.g., Dayzer)
• Experience with ETRM systems.

• Eligible to work in the USA for any employer without sponsorship.

 

COMPENSATION: $170,000 - $205,000 salary

 

Attention external recruitment firms, we will not accept any unsolicited resumes at this time. Please do not contact any internal member of our company to discuss the position or to solicit candidates.

Hanwha Energy USA provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, national origin, age, disability, or genetics. Hanwha Energy USA