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Market Analyst Job In Newark New Jersey

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Category:  Administration
Country:  United States
State/Province:  New Jersey
City:  Newark
Job Description
This position is part of PSEG Power Finance’s quantitative analysis team, which is responsible for fundamental power market analysis and forecast, gross margin projections, and transmission interconnection.

As part of this team, this individual is responsible for tracking market developments, forecasting market prices, conducting market analyses, and forecasting gross margins.

Duties include: Tracking fuel, emission, and power market developments, and updating internal assumptions. Developing forecasts of fuel, emission and power prices, using both in-house fundamental models and external market sources. Analyzing the potential market impact of prospective changes in rules, supply, demand, or transmission projects. Forecasting the profitability of PSEG Power’s portfolio of generating units, load contracts and hedges, as well as that of third-party assets or development opportunities, for use in economic cost benefit analysis of potential transactions, major investments, asset life-cycle decisions, business planning and strategy.

Basic Qualifications:

-Bachelors degree in Engineering, Economics, or other quantitative discipline.

Required Competencies:

-At least 3 years of experience in wholesale power market analysis
-Ability and willingness to learn production cost modeling – prior experience strongly preferred (e.g. Promod, Prosym, Aurora, UPlan, etc.)
-Understanding of generation technology, wholesale power markets (incl. LMP construct, ancillary services and capacity markets), environmental regulation, and market design
-Very strong quantitative analytical skills
-Strong attention to detail, even under time pressure
-Advanced computer skills, including advanced Excel, relational databases, and ability to use quantitative tools and models.

-Candidate must foster an inclusive work environment and respect all aspects of diversity.
-Successful candidate must demonstrate and value differences in others' strengths, perspectives, approaches, and personal choices.

Desired Qualifications:

-Knowledge of Northeast power markets (PJM, New York, New England)
-Load flow and nodal modeling experience
-Familiarity with energy trading and structuring concepts, including risk analysis and options theory
-Business and financial education and experience.
Post Date:  09/22/2011
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