Minimum Qualifications
Education and/or Equivalent Experience: - Graduation with a Bachelor’s degree from an accredited college or university with major course work in Accounting, Economics, Finance, Mathematics, or in a field related to the job, plus three (3) years related experience
- Masters degree in related fields or CPA may be substituted for one (1) year experience up to a maximum of two (2) years.
Licenses or Certifications: Notes to Applicants
Working with Austin Energy provides a number of health and welfare benefits such as low-cost medical, dental, vision, paid leave time, a highly competitive retirement plan, career development opportunities and more. Please click
HERE for more information.
Employment Application: - The City of Austin employment application is an official document; incomplete applications will not be considered.
- The Employment Record should be complete with job titles, employment dates, job duties, functions, and responsibilities for each position held.
- Starting salary will be based on overall relevant experience from your application.
- Responses to the Supplemental Questions inquiring about experience should be reflected on application.
- Please be sure to detail on the application all current and previous employment that you wish to be considered as part of your qualifications.
- Résumés will not be accepted and statements such as “see résumé” will not be accepted. You may use “N/A” for fields that are not applicable.
- Please note that Austin Energy may close the job posting at any time after 7 days from the date of the initial advertisement. Once the job posting has closed, applications cannot be changed.
If you are selected as a top candidate: - Verification of your education (which may include high school graduation or GED , undergraduate and/or graduate degrees) will be required. You must provide proof of education from an accredited organization/institution.
- If you are identified as a top candidate and are in the military or a veteran, you will need to provide a copy of your DD-214 prior to confirming a start date.
- This position requires a criminal background investigation.
Good Standing Employees Employees, in Good Standing, who are candidates within the department/division that the position resides in and who meet the minimum and all of the preferred qualifications (if any) of the position will be included in the initial interview. Department/division employee must remain in Good Standing through the Top Candidate Selection phase at which time the Good Standing status will be re-verified.
Critical: This position has been designated as a Critical Employee position. Critical Employees are considered necessary and vital and supports activities that impact City or department operations. This work can be done while at a designated work site or while working at an alternate work location. Critical employees who are able to work at an alternative work location are required to do so. Schedules may be modified, and employees may be reassigned to another area during extraordinary situations or emergency conditions to provide essential services.
ERCOT This position requires the use of an ERCOT Digital Certificate ( EDC ) and therefore will require a security review to determine if the candidate meets all the requirements for issuance of the EDC .
To view the City of Austin recruitment video, please click here.
Pay Range
$39.49 - $51.34
Hours
Monday - Friday (40 hour work week)
9:00 a.m. - 6:00 p.m.
This position may require work outside normal business hours based on business needs.
Job Close Date 11/07/2024 Type of Posting External Department Austin Energy Regular/Temporary Regular Grant Funded or Pooled Position Not Applicable Category Professional Location 4815 Mueller Blvd, Austin Texas 78723 Preferred Qualifications
Preferred Experience: - Proficiency with Microsoft applications (Outlook, Word, Excel, Access, and PowerPoint) or similar software.
- Commodity and Energy Trading Risk Management ( ETRM ) system experience preferred as well as understanding of trading strategies, financial instruments and hedging.
- Experience in matters related to credit and familiarity with standard energy industry wholesale trading contracts such as ISDA’s, EEI’s and NAESB’s
- Demonstrated problem-solving skills using logical reasoning and analytical methods.
- Excellent communications skills, both oral and written as well as good interpersonal skills.
- Ability to participate in presentations and communicate complex ideas concisely for a variety of technical and non-technical audiences.
- Strong project management skills.
Duties, Functions and Responsibilities
Essential duties and functions, pursuant to the Americans with Disabilities Act, may include the following. Other related duties may be assigned.
Monitors compliance with approved fuel and energy trading and risk management policies, procedures, and processes, and perform regular audits. Reviews and validates historical price curves used for daily risk reporting and portfolio analysis. Develops, modifies, and implements computer models used in calculating risk management performance indicators including but not limited to portfolio market-to-market, VaR, P&L, and Option valuation. Develops models for automation of the risk control processes and functions using various advanced software. Apply new technology to improve risk control processes and reporting system. Provides support in the evaluation and selection of risk control and ERCOT settlement software. Researches and advises on the alternative technical solutions to the risk control related issues. Uses statistical modeling to track, evaluate, and report third party credit standings. Works closely with Energy Marketers to reconcile positions and align risk management strategies with short and mid term market conditions. Analyzes and confirms ERCOT settlement charges. Tests new risk calculations and evaluate risk model assumptions. Provides accounting support for wholesale power, fuel, and financial transactions. Monitors contracts for risk management activity compliance processes.
Responsibilities- Supervision and/or Leadership Exercised: Knowledge, Skills and Abilities
Must possess required knowledge, skills, abilities and experience and be able to explain and demonstrate, with or without reasonable accommodations, that the essential functions of the job can be performed.
- Knowledge of fuel and energy trading activities and associated risks.
- Knowledge of fuel and energy risk management tools.
- Knowledge of utility regulation and deregulation issues.
- Knowledge of ERCOT market rules and regulations.
- Knowledge of industry standard fuel and energy trading agreements.
- Skill in analyzing financial and statistical reports.
- Skill in using computers and related software applications.
Criminal Background Investigation This position has been approved for a Criminal Background Investigation. EEO/ADA
City of Austin is committed to compliance with the Americans with Disabilities Act. If you require reasonable accommodation during the application process or have a question regarding an essential job function, please call (512) 974-3210 or Texas Relay by dialing 7-1-1.
The City of Austin will not discriminate against any applicant or employee based on race, creed, color, national origin, sex, gender identity, age, religion, veteran status, disability, or sexual orientation. In addition, the City will not discriminate in employment decisions on the basis of an individual’s AIDS , AIDS Related Complex, or HIV status; nor will the City discriminate against individuals who are perceived to be at risk of HIV infection, or who associate with individuals who are believed to be at risk.
Supplemental QuestionsRequired fields are indicated with an asterisk (*).
* This position requires graduation from an accredited four-year college or university with major course work in Accounting, Economics, Finance, Mathematics, or in a field related to the job, plus three (3) years related experience. A Master’s degree in related fields or CPA may be substituted for one (1) year experience up to a maximum of two (2) years. Do you meet these minimum qualifications?
* This position requires the use of an ERCOT Digital Certificate (EDC) and, therefore, will require a Security Review to determine if the candidate meets all the requirements for issuance of the EDC. Do you consent to a Security Review?
* This position requires a criminal background investigation (CBI). By selecting the following, you are acknowledging that you understand if you are selected as a top candidate for this position, you will need a successful CBI to be hired.
- I acknowledge and understand this position requires a Criminal Background Investigation.
* Describe your proficiency with the following applications: Word, Excel, Powerpoint & Access.
- No experience
- Beginner
- Intermediate
- Advanced
* Describe your experience using and implementing ETRM (Energy Trading Risk Management) systems as well as understanding of trading strategies, financial instruments and hedging.
(Open Ended Question)
* Describe your experience in matters related to credit and familiarity with standard energy industry wholeslae trading contracts such as ISDA's, EEI's and NAESB's.
(Open Ended Question)
* Describe your experience with technical writing, presentation, and communications to technical and non-technical audiences.
(Open Ended Question)
* Please describe your project management skills and indicate in your response which positions on your application you gained this experience from and for how long.
(Open Ended Question)
* Please describe your demonstrated experience with communication and interpersonal skills used in collaborating with many different work groups, regulatory agencies, contractors, or other stakeholders.
(Open Ended Question)
* Describe your problem-solving skills and how you have used logical reasoning and analytical methods to complete tasks and projects.
(Open Ended Question)
* Describe your experience with risk control (or Mid Office) operations including energy portfolio risk analysis, settlements, monitoring, and reporting.
(Open Ended Question)
Optional & Required DocumentsRequired Documents Optional Documents
