Southwest Power Pool

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Senior Technical Analyst - Congestion Hedging (Engineering)



Southwest Power Pool (SPP) is about more than power. We're about the power of relationships. Our employees have the opportunity to work together to ensure electricity is delivered reliably and affordably to the millions of people living in our service territory. We have been voted one of Arkansas' Best Places to work by Arkansas Business and we are looking for a member of our team who is passionate about our mission to keep the lights on!

We have a core ideology here at SPP that we stand by: Do the right thing, for the right reason, in the right way.

We believe in supporting our employees through a fantastic benefits package:

  • Competitive pay with bonus opportunities
  • Excellent insurance package including three great medical plans to choose from, employer-paid short term disability, long term disability, and life insurance
  • Relocation assistance
  • Flexible working environment for positions that are eligible where employees have the flexibility to work from home and come in where collaborative in person work is needed.
  • Fantastic contributions to your retirement through a 401(k) savings plan with employer-match benefits and a defined benefit plan fully funded by SPP

Overview

The Sr. Technical Analyst - Congestion Hedging position is responsible for the analysis of all Congestion Hedging related funding, its feedback mechanism in the Congestion Hedging Markets, and coordinating SPP's Congestion Hedging mechanism for the Integrated Marketplace.  Key responsibilities include development and implementation of Auction Revenue Rights (ARR), Transmission Congestion Rights (TCR) mechanisms, analytics, reports, presentations, and other tools for Congestion Hedging.  As such, the Sr. Technical Analyst will also be engaged in understanding the financial aspect of the ARR/TCR process.

The incumbent will work very closely with SPP's Engineering, Operations, IT, Project Management, Settlement, Credit, Regulatory, General Counsel, Market Monitoring and Market Design organizations and departments to address ongoing Congestion Hedging operations and Market participant's inquiries that encompass ARR allocation and TCR auction markets.

Additionally, the incumbent will be responsible for the development and maintenance of Desk Procedures, Control Objectives and Business Controls.  The incumbent will also be responsible for working directly with the Market Participants through support of SPP's Request Management System (RMS).

Essential Functions

  • Develop ARR/TCR software in coordination with vendor and stakeholders
  • Monitor, oversee and participate in the testing of business applications to verify that all requirements are incorporated according to the Integrated Marketplace design
  • Operate, monitor and provide technical oversight of the TCR markets to verify that all processes are completed
  • Make technical assessments in support of recommendations on issues associated with ARRs/TCRs
  • Support SPP Market Participants through the use of the RMS
  • Develop and Maintain control objectives for auditing purposes
  • Participate in regulatory audits
  • Prepare for and participate in financial audits, including the development and modification of desk procedures and financial controls
  • Review and signoff of market checklists for Congestion Hedging Market production processes for quality assurance, accuracy, and audit purposes.
  • Understanding of and compliance with SPP Tariff and Integrated Marketplace Protocols
  • Address stakeholder's inquiries about TCR auction results and deliver training modules when necessary
  • Development, support and maintenance of SPP Business Processes
  • Development of Congestion Hedging reports, manuals and presentations as assigned
  • Support for SPP Working Group process, including the development and delivery of presentations
  • Conduct post analysis of the auction results and supply needed improvements in coordination with other departments
  • Conduct analysis on ARR and TCR funding and implement necessary feedback loops that will directly impact system forecasting and future funding
  • Understanding of and compliance with SPP Policies and Procedures
  • Assist in developing and develop language for the regulatory support structures for the TCR process
  • Recognize and address strategic issues important to Congestion Hedging
  • Other duties as assigned

The statements contained herein describe the scope of the responsibility and essential functions of this position, but should not be considered to be an all-inclusive listing of work duties and responsibilities. Individuals may perform other duties as assigned including work in other areas to cover absences, or relief to equalize peak work periods or otherwise balance the workload. 

Qualifications

Education Requirements:

  • Bachelor degree in economics, mathematics, engineering or other related field

Experience Requirements:

  • 6+ years of job-related experience with at least three (3) years of industry experience

Required:

  • Proficient at organizing and conducting technical and analytical studies
  • Knowledge of electric market concepts and ability to apply understanding in unique analysis
  • Ability to support diverse team members, stakeholders and manage complex analysis projects
  • Strong facilitation skills
  • Strong organizational skills
  • Flexibility and ability to function with constantly changing and multiple priorities
  • Strong inter-personal and team work skills
  • Excellent written and verbal communication skills
  • Proficiency in business acumen and professional conduct
  • Competent working skills with communication and data handling software such as Microsoft Office© Word, Excel, Project and Access

Preferred:

  • Advanced degree in economics, math, engineering or other related field of study.
  • Knowledge of electricity market, hedging strategy and software programming (VB, C, C++, SQL)
  • Experience with data handling and analysis of large data sets

Work Environment:

This job operates in a professional office environment. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines.

Physical Demands:

The physical and mental demands described here are representative of those that must be met by an employee to perform the essential functions of this job successfully.

  • While performing the duties of this job, the employee is regularly required to make decisions, interpret data, and problem solve.
  • The employee frequently is required to stand or sit for extended periods; use hands to operate a computer keyboard and standard office equipment.
  • The employee must occasionally lift and move up to 10 pounds.
  • Requires the ability to work and collaborate with managers and employees at all levels to exchange ideas, information, and opinions to facilitate the task.
  • Specific vision abilities required by this job include close vision, distance vision, color vision, and ability to adjust focus.

Position Type and Expected Hours of Work:

This is a full-time position. Days and hours of workweek are Monday through Friday; 8:00 a.m. to 5:00 p.m. Working extended hours may be required.

Travel Requirement:

This position requires minimal travel (less than 0-15%).

Should you elect to apply for this position SPP will review your qualifications and if after reviewing the qualifications and experience of all applicants, your skills and credentials meet our needs, someone from our organization may contact you. Please be advised that the time required to complete the applicant review process typically takes between 30 and 90 days, but could extend beyond that. Once the position has been filled, all applicants will be notified via email.

Southwest Power Pool is an Equal Opportunity Workplace and an Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status, age or any other protected category.

The Americans with Disabilities Act (ADA) defines “reasonable accommodation” as a change or adjustment to a job or work environment that allows a qualified individual with a disability to satisfactorily perform the essential functions of a particular job, and does not cause an undue hardship for the employer. SPP adheres to the ADA and reasonable accommodations may be made to enable a qualified individual with a disability to perform the essential functions.

Education

Required
  • Bachelors or better

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)

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