NB Power
Location
Fredericton, NB | Canada
Job description
Origination Specialist
One (1) Regular Position
Fredericton, New Brunswick, Canada
Competition # E20937-2024
At NB Power we are a team, committed to offering the best customer experience, ensuring energy security, and accelerating a sustainable clean energy transition. Why? Because we’re New Brunswickers too, we care about our customers and future generations, and today we are actively looking for a new member to join us.
As part of the Origination Team, the Origination Specialist is responsible for conceptual development of market opportunities, promoting concepts internally and externally, identifying operational and financial requirements and risks, and ensuring settlement and reporting functions are accurate. The Origination Specialist also interacts with energy trading contacts for the negotiation/administration of hedging contracts and general partner engagement, along with managing customer relationships with NB Energy Marketing’s (NBEM) customers.
This role has a large financial impact on NB Energy Marketing’s gross margin by expanding its business into new markets as well as maintaining existing customers. In addition to the business development, this role has undertaken the responsibility of managing the fuel and purchased power hedging portfolios along with building tools to better monitor market behaviors and modelling opportunities outside of the regular NB Power financial forecasts.
Key functions include:
• Export load pricing and procurement in surrounding provinces and Northeastern United States.
• Conduct data, energy market, and financial modelling. Perform statistical analysis on energy markets, forward and futures curves, and energy use behaviors of NBEM’s export customers.
• Assist with managing Fuel and Purchased Power hedging portfolios along with evaluating risk mitigation instruments and strategies. Build strong client relationships with global energy traders (for example: investment banks and other utilities) and NBEM customers.
Our ideal teammate will have:
• Bachelor of Science Degree in Engineering OR;
• Bachelor of Computer Science Degree OR;
• Bachelor of Business Administration Degree
Combined with:
• Eight years of related experience with at least five of those years in data & financial modelling
• Three years of experience with Microsoft Access, SQL, R, Python, or other relational databases and programming languages
• Proficiency in Microsoft Excel
• Interest in energy markets
• Knowledge of risk mitigation strategies and instruments
An equivalent combination of training and experience will be considered. Subject to competition response, the minimum qualifications may be modified.
An Eligibility List generated from this competition may be used to fill future vacancies at the same level within a period of up to 12 months.
We care for our team, and as a member you will have access to:
• Health & Dental plans that provide flexible options to meet your needs
• Health Spending Account, allowing for further flexibility
• New Brunswick Public Service Pension Plan, offering retirement financial security
• Wellness options, including our Employee Family Assistance Program
• Benefits that allow for financial protection in the event it is needed
• Various options for paid or unpaid leaves
• Representation of the IBEW Local 37 Union
• Career development and growth throughout the organization
• Competitive wages
Could you be our next team member? Apply today!
Please ensure a resume and a copy of your degree/diploma/certificate are attached to your online application.
NB Power will accept foreign credentials as long as they are considered acceptable by a recognized Canadian educational institution. Candidates with foreign education credentials are required to provide proof of Canadian equivalency. Any applicable fees are the responsibility of the candidate. For more information, you may refer to the Canadian Information Centre of International Credentials at Canadian Information Centre of International Credentials:
In order to be considered for this employment opportunity you must be eligible to work in Canada.
For questions concerning this job opening please contact Lynnsey Pringle at .
Please note that only applications submitted through the NB Power website will be considered, as the showing of our postings on various websites may not have been requested or approved.
Closing date: 11:59 p.m. AST, March 14, 2024
NB Power is an equal opportunity employer dedicated to workforce diversity.
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