Job Description
Are you looking for an exciting job where you can put your skills and talents to work at a company you can feel proud to be a part of? Do you want a workplace that will challenge you and offer you opportunities to learn and grow? A position at Xcel Energy could be just what youre looking for.
The below job summary and responsibilities reflects the duties of the Gas Buyer Trader and Sr Trader Gas Buyer. Levels will differ as more skills and/or experience will be required. The successful candidate will be placed at a level that is commensurate with the candidate's skills and experience.
Position Summary
Responsible for the buying/selling of natural gas supply for the regulated assets of Xcel Energy. Execute multi-million-dollar transactions in the natural gas commodity market, including use of financial derivatives and physical supply agreements. Acquire adequate quantities of reliable gas supplies at competitive prices, consistent with purchase plans and transportation agreements on daily basis to ensure service is not interrupted to gas and electric customers.
Essential Responsibilities
With limited oversight, develop and execute daily, annual, and long-range gas supply plans for the regulated operating companies within XE. Independently negotiate (often in a matter of minutes) gas purchase agreements with producers, energy brokers, and marketers to satisfy XE's $2B/yr. gas supply requirements. Participate in modeling and developing supply plans. Perform analysis in real-time to ensure reliable gas and electric service.
Collaborate with Gas Schedulers to ensure an adequate supply of gas is delivered to satisfy the daily and hourly requirements in the most economical fashion.
Continuously monitor and participate in the financial trading markets. Develop and revise purchasing plans or trading strategies (often in a matter of minutes). Optimize transportation and storage assets through arbitrage. Negotiate financial transactions, including derivatives, for short term and long-term hedging natural gas price exposure for both retail gas and electric customers.
Produce regulatory testimony for state commission proceedings, including fuel reconciliation proceedings, rate cases, and new regulatory requirements. Provide testimony in Commission proceedings. Create numerical models and develop comments through gathering supportive facts to respond to information requests during regulatory litigation.
Develop and negotiate gas supply sales agreements associated with electric trading transactions. Develop and implement gas supply trading strategies to maximize profitability and minimize fuel cost.
Contribute to the development of regulatory and XE policy on gas procurement and recovery of related costs. Participate in the development and implementation of new policy initiatives, such as XE's low emission gas goals.
Monitor and track the accounting operations and contract administration functions for purchased gas supply. Maintain accurate documentation of commodity transactions for regulatory agencies. Develop and maintain communications with XE's qualified suppliers. Ensure XE maintains a highly visible presence in the gas acquisition and trading industry in North America.
Minimum Requirements - Gas Buyer Trader - $92,300 - $130,567
Bachelor's degree or equivalent relevant experience, including a minimum of 3 years of natural gas industry experience is required. Understanding of gas markets, the interstate pipeline networks, gas transportation & storage contracts, FERC regulations, and negotiation strategies is required. Must be able to independently negotiate high dollar transactions. Previous experience in a gas controller or gas transportation-scheduler analyst type role, direct gas buying/trading experience, and the use of financial hedging instruments is preferred. Some weekend work is required.
Minimum Requirements - Sr Trader Gas Buyer - $105,600 - $150,000
Bachelor's degree or equivalent relevant experience, including a minimum of 6 years of natural gas industry experience. Previous gas buyer/trader experience preferred. Must have extensive knowledge of the gas business including an in-depth understanding of gas markets, use of financial hedging instruments, the interstate pipeline networks, transportation and storage contracts, FERC regulation, and negotiation strategies. Must independently negotiate high dollar transactions. Some weekend work is required.
Preferred Requirements
Rockies experience preferred
As a leading combination electricity and natural gas energy company, Xcel Energy offers a comprehensive portfolio of energy-related products and services to 3.4 million electricity and 1.9 million natural gas customers across eight Western and Midwestern states. At Xcel Energy, we strive to be the preferred and trusted provider of the energy our customers need. If youre ready to be a part of something big, we invite you to join our team.
All qualified applicants will receive consideration for employment without regard to age, race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
Individuals with a disability who need an accommodation to apply please contact us at recruiting@xcelenergy.com.
Non-Bargaining
The anticipated starting base pay for this position is: $92,300.00 to $150,000.00 per year
This position is eligible for the following benefits: Annual Incentive Program, Medical/Pharmacy Plan, Dental, Vision, Life Insurance, Dependent Care Reimbursement Account, Health Care Reimbursement Account, Health Savings Account (HSA) (if enrolled in eligible health plan), Limited-Purpose FSA (if enrolled in eligible health plan and HSA), Transportation Reimbursement Account, Short-term disability (STD), Long-term disability (LTD), Employee Assistance Program (EAP), Fitness Center Reimbursement (if enrolled in eligible health plan), Tuition reimbursement, Transit programs, Employee recognition program, Pension, 401(k) plan, Paid time off (PTO), Holidays, Volunteer Paid Time Off (VPTO), Parental Leave
Benefit plans are subject to change and Xcel Energy has the right to end, suspend, or amend any of its plans, at any time, in whole or in part.
Deadline to Apply: 01/01/25
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ACCESSIBILITY STATEMENT
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