Manager, Power Trading

Inspire

Remote Hybrid Mar 22
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In-office locations: Santa Monica, CA, USA and Philadelphia, PA, USA. Remote location(s): United States. As a certified B Corp, our mission is truly woven into the fabric of what we do. As you grow professionally, you are doing good for the planet by helping us to transform the way consumers access clean energy and accelerate the world’s transition to a net-zero carbon future. Our rapidly growing Commercial Operations team of mission-driven, climate enthusiasts is passionate, innovative and committed to a better future for the planet. We are looking for a Manager, Power Trading who will be an integral part of the build out of a newly created Trading & Origination team which is responsible for the full life cycle of portfolio management. Our goal is to create a best in the business platform to manage the exposures for power, natural gas and environmental product supply. The role will be primarily focused on Short Term portfolio strategy, hedge execution, and market analytics/reporting. How you’ll help:
  • Market Intelligence: Research and maintain knowledge of power and gas market fundamentals, ISO Market Rules & Regulations, and factors influencing spot and forward pricing
  • Market Analytics: Assess daily load forecasts, weather expectations, wind forecasts, solar forecasts, generation and transmission outages, and fuel inputs to form strategies for ST portfolio management 
  • Transaction Execution: Deploy full range of products and strategies (DART, Basis, Outrights) to maximize value of Short Term energy supply portfolio
  • Portfolio Reporting: Write market commentary with supporting market data for weekly and monthly portfolio reporting   
  • Portfolio Management: Support term power portfolio strategy development and execution 
Some Year 1 Deliverables:
  • Assume daily responsibility for ST power portfolio including validating load forecasts, assessing market conditions, and executing value enhancing hedge strategies 
  • Develop at least two commercial strategy recommendations to enhance ST portfolio margin such as DART, congestion, and delta hedging
  • Develop standard market intelligence deliverables for the business including dashboards and weekly market update materials
  • Develop suite of standard tools and reports to manage ST portfolio on a daily basis and be able to report out to stakeholders
  • Demonstrate deep expertise in the nuances of our portfolio and drivers for changes to our position and PnL
Here’s what you’ll bring to the table:
  • Must Have
    • Must have 4+ years of energy market experience in power generation, retail energy company, or renewable energy company
    • Knowledge of market fundamentals, commercial structures, and portfolio hedging strategies
    • Demonstrated ability to tackle projects methodically and drive outcomes
    • Ability to synthesize large sets of data into usable formats and communicate to others
  • Nice to Have
    • Retail energy experience
    • Programming Skills (C, C++, VBA, Python, Matlab, etc)
Our Work Model: This position is eligible for remote work. Being bi-coastal, we have mastered the art of working collaboratively across different time zones and regions. Working from the comforts of our own homes, we don't mind the constant cameos from children and pets. Here’s what we offer: Health & Wellness:
  • Medical/Dental/Vision coverage starts from day one
  • Summer Fridays and Wellness days
  • Mental Health Benefits (Headspace, Ginger)
  • Company Paid Parental Leave
Life at Inspire:
  • Flexible Time Off
  • 401(K) up to 4% Matching 
  • Employee Resource Groups
  • Treks through GivePower and the opportunity to participate in service trip
  • Training, development, and growth opportunities for all employees
Perks:
  • Work from Home
  • Semi Annual Performance Bonuses
  • Tuition Reimbursement
  • B Corporation Discounts
  • Open Office Floor Plan 
  • Dog-friendly workplace
  • Fun Company Events
More About Who We Are: Inspire is a clean energy technology company on a mission to transform the way consumers access clean energy and to accelerate the world’s transition to a net-zero carbon future. We provide our customers with access to renewable energy from wind, solar, and hydro powered sources without service interruptions or costly installations at a flat, predictable monthly rate. On average, one year of being an Inspire member can help avoid 9,639 pounds of carbon emissions - that is 7x more impactful than one year of recycling! 
Retirement & Stock Options Benefits
  • 401k with company contribution
Perks & Discounts
  • Bring Your Own Device Reimbursement
  • Casual Dress
  • Snacks Provided
Health & Wellness
  • Dental Insurance
  • Employee Assistance Program (EAP)
  • FSA
  • Health Insurance
  • Life Insurance
  • Long Term Disability
  • Mental Health Benefits
  • Short Term Disability
  • Vision Insurance
Professional Development
  • Employee Recognition Programs
  • Tuition Reimbursement
Parental Benefits
  • Family Medical Leave
  • Nursing Room
  • Parental Leave
Other
  • Fully Remote Options
  • Pet Friendly Office
PTO/Flexibility
  • Paid Holidays
  • Unlimited PTO
What makes Inspire an exciting place to work? We are constantly working towards something bigger than ourselves. Our mission is what inspires and connects us. But we're also raising awareness for customers that they have choices when it comes to choosing an energy source. Roughly 20% of your overall carbon emissions come from your home — which is huge. You can eliminate that 20% from your carbon footprint simply by deciding to go with Inspire. Through data, we empower customers by informing them of their choices and giving them an option to positively impact the environment.   What’s unique about working on Inspire’s tech team? Between Philly and Santa Monica, we have about 60 people on our tech team. Being small, we’re able to bond and work together closely. Everyone across the entire team has a hand in creating something for customers. No one group comes up with ideas or roadmaps and presents them to the rest of the group; we collectively decide what we should be working on and how we can work towards bringing Inspire’s overall mission to life. We’ve created a very supportive and uplifting subculture. It’s not just about social events; it’s about asking, “How can we grow together? How can we work better together?”   How has Inspire has worked to improve employee work/life balance during the pandemic? Due to the always-on nature of working from home during quarantine, we found that people had started working more hours and taking less PTO. Even when we told people to take time off, they still seemed to check in and contribute. We established “bonus days,” where every other Friday is off for the entire company. That way, no one is working, employees don’t feel that they are missing anything, and everyone can truly relax and recharge.   What qualities make someone a promising job candidate at Inspire? Everyone at Inspire is driven by the mission to expand access to clean energy and work toward a zero-net carbon future. So we look for candidates who have that same passion for taking care of our earth. We’re a company of team players who collaborate closely, always ready to hop on Zoom to solve problems as a team. From a tech perspective, we want talented engineers of all levels, but we are also looking for people who also think deeply about the Inspire user and build features and solutions that work for them. People who are interested in their careers and helping grow the careers of those they work with share knowledge and level up their skill sets.