JOB SUMMARY:
SouthStar is seeking a knowledgeable and results-driven Financial Trader to join our team. The successful candidate will be responsible for working with their counterpart in SouthStar's physical operations group to optimize the profitability and manage the risks associated with storage and swing positions in various deregulated retail gas markets across the Mid-Atlantic and Midwest regions. Additionally, this position will support the growth of SouthStar's green energy initiatives, helping to identify and acquire environmental commodity products needed to sustain and grow the Company's green product portfolio.
MAJOR JOB RESPONSIBILITIES:
Develop, execute and manage financial trading strategies to optimize SouthStar's storage assets across the Midcontinent and Mid-Atlantic regions
Develop, execute and continuously monitor hedging strategies to manage swing exposure considering historical market volatility, the fundamental outlook for natural gas prices in each market served and the potential impact to SouthStar's net income given stressed tested scenarios of potential price & weather outcomes
Collaborate with the Director, Physical Trading to determine SSE's physical exposures and associated strategies each month in order to achieve the objectives of maximizing the return on storage assets while mitigating swing risks associated with firm retail delivery requirements
Reassess and reposition SouthStar's swing and storage strategies intra-month in response to changes in market fundamentals, changes in the expected behavior of SouthStar's retail full requirements portfolio and predicted fluctuations in HDD's relative to initial forecast
Manage SouthStar's portfolio of environmental commodities to meet the forecasted volume & margin requirements of the Company's retail and wholesale products teams
Collaborate with internal stakeholders to identify opportunities and support efforts to expand green product offerings
Identify unanticipated exposures, presenting alternative hedging strategies (taking the Risk Management Policy [RMP] into consideration) to mitigate those exposures and successfully achieve profitability while staying within the limits of the Company RMP
JOB REQUIREMENTS: (Education, Experience, Knowledge, Skills )
Required:
Related Work Experience:
Required:
Specific Skills & Knowledge:
Required:
Direct experience quantifying, managing and optimizing physical commodity exposure with relevant financial derivatives
Ability to track rapidly changing regulated and voluntary compliance market standards and practices
Understanding of trade related accounting principles, including cash flow hedge accounting requirements
Excellent analytical and quantitative skills, with the ability to interpret complex data and market signals.
Exceptional communication and interpersonal skills, with the ability to interact effectively with a variety of stakeholders including senior leadership.
Detail-oriented with strong organizational skills and the ability to manage multiple tasks simultaneously.
Self-motivated and able to work independently as well as part of a team
Commitment to ethical trading practices and a strong understanding of compliance requirements, where applicable.
Preferred:
Working Conditions/Physical Requirements:
Hybrid work environment, in the office/on-site 3 days per week, and subject to change as needed
Physical requirements minimal
Disclaimer:
This information describes the general nature and level of work performed by employees in this job. The description is not designed to be a comprehensive inventory of duties, responsibilities and qualifications required in the job. Reasonable accommodations may be made to qualified disabled individuals for performance of essential duties and responsibilities.
About Southern Company Gas
Southern Company Gas is a wholly owned subsidiary of Atlanta-based Southern Company (NYSE:SO), America's premier energy company. Southern Company Gas serves approximately 4.2 million natural gas utility customers through its regulated distribution companies in four states and approximately 600,000 retail customers through its companies that market natural gas. Other nonutility businesses include investments in interstate pipelines and ownership and operation of natural gas storage facilities. For more information, visit southerncompanygas.com .
Southern Company (NYSE: SO) is a leading energy provider serving 9 million residential and commercial customers across the Southeast and beyond through its family of companies. Providing clean, safe, reliable and affordable energy with excellent service is our mission. The company has electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company, a leading distributed energy infrastructure company with national capabilities, a fiber optics network, and telecommunications services. Through an industry-leading commitment to innovation, resilience, and sustainability, we are taking action to meet our customers' and communities' needs while advancing our commitment to net zero emissions by 2050. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and are the key to our sustained success. We are transforming energy into economic, environmental and social progress for tomorrow. Our corporate culture and hiring practices have earned the company national awards and recognition from numerous organizations, including Forbes, Military Times, DiversityInc, Black Enterprise, J.D. Power, Fortune, Human Rights Campaign and more. To learn more, visit www.southerncompany.com.
Southern Company is an equal opportunity employer where an applicant's qualifications are considered without regard to race, color, religion, sex, national origin, age, disability, veteran status, genetic information, sexual orientation, gender identity or expression, or any other basis prohibited by law.
Job Identification: 7524
Job Category: Energy Trading
Job Schedule: Full time
Company: Southstar Energy Services
