Exelon

Prin Energy Acq Analyst

Posted on: 29 Sep 2023

Baltimore, MD

Job Description

Exelon is leading the energy transformation, and we're calling all problem solvers, innovators, community builders and change makers. Work with us to deliver solutions that make our diverse cities and communities stronger, healthier and more resilient.

We're powered by purpose-driven people like you who believe in being inclusive and creative, and value safety, innovation, integrity and community service. We are a Fortune 200 company, 19,000 colleagues strong serving more than 10 million customers at six energy companies -- Atlantic City Electric (ACE), Baltimore Gas and Electric (BGE), Commonwealth Edison (ComEd), Delmarva Power & Light (DPL), PECO Energy Company (PECO), and Potomac Electric Power Company (Pepco).

In our relentless pursuit of excellence, we elevate diverse voices, fresh perspectives and bold thinking. And since we know transforming the future of energy is hard work, we provide competitive compensation, incentives, excellent benefits and the opportunity to build a rewarding career.

Are you in?

PRIMARY PURPOSE OF POSITION

Serve as subject matter expert, lead and train other Department team members on day-to-day responsibilities, manage Department business processes and systems and identify and implement process and system improvements required for Exelon Utilities to purchase power in the PJM marketplace and deliver energy to retail customers under a restructured retail environment. Management responsibility for the design, testing, implementation, documentation and on-going performance of daily operational and financial processes. Represent Energy Acquisition on cross-functional teams evaluating or implementing strategic initiatives such as the design of new procurement methodologies and credit policies, and evaluation and implementation of wholesale market structure changes. Note: Position may be required to work extended hours for coverage during storms or other energy delivery emergencies.

PRIMARY DUTIES AND ACCOUNTABILITIES

Serve as subject matter expert on Base SAS, SAS SQL, and SAS Macro used to support business processes and systems. Serve as subject matter expert on business processes and systems and lead and train other Department members on business processes and systems used for electric power procurement auctions, invoicing, financial models of Standard Offer Service (SOS) income, procurement of Renewable Energy Certificates, procurement of instruments to hedge regional power flow congestion. Management responsibility for the detailed design, testing, implementation, on-going performance and documentation of the day-to-day business processes and systems in accordance with key financial controls and Sarbanes Oxley compliance. 
Serve as subject matter expert on business processes and systems and lead and train other Department members on business processes and systems used in the detailed design, testing, implementation, on-going performance and documentation of the business processes for market exposure via mark-to-market analysis, assessment of how MD legislation affects SOS, engagement with external stakeholders (including MD regulators) to modify SOS process and contracts, valuation models of electric power generation and analyses of wholesale electric market conditions. Management responsibility for the detailed design, testing, implementation, on-going performance and documentation of the day-to-day business processes and systems in accordance with key financial controls and Sarbanes Oxley compliance. 
Serve as subject matter expert on business processes and systems and lead and train other Department members on business processes and systems used to maintain and develop SAS applications to support SOS procurement and strategy to optimize the capability of MD retail DR and EE programs in PJM wholesale markets.  Management responsibility for the detailed design, testing, implementation, on-going performance and documentation of the day-to-day business processes and systems in accordance with key financial controls and Sarbanes Oxley compliance. Function as the subject matter expert for Exelon Utilities, in its capacity as a Load Serving Entity within PJM, on PJM market structures, market design and market policy. 

JOB SCOPE

The management of energy, capacity, transmission service and ancillary services purchased and MD Renewable Portfolio Standard compliance by the Department exceeds $1 billion annually. Market design issues affect wholesale procurement methodologies and costs and retail tariffs, billing and revenues. Daily processes affect short-and long-term load and financial forecasts, real-time operations and after-the-fact reporting and settlement throughout the Company. Department members continually work with senior members of Regulatory and External Affairs,  Finance, Accounting and outside consultants in performing daily responsibilities and supporting strategic initiatives.

Qualifications

MINIMUM QUALIFICATIONS

Bachelor's degree in relevant field and minimum 7-10 years of business experience or in lieu of Bachelor's degree, 9-12 years of relevant experience.
Base SAS and SAS Macro with 3 – 5 years of development experience
Strong interpersonal and excellent written and verbal communications skills
Ability to solve complex problems and make decisions and proactively resolve external counterparty issues

PREFERRED QUALIFICATIONS

Familiarity with wholesale marketplace, OATTs and PJM business rules
Familiarity with restructured retail marketplace and MD retail tariffs
Skills using SAS SQL, Oracle SQL, Excel, HTML, mixed programming principals, object-oriented programming principals, and Windows scheduler.
Electric utility experience and/or familiarity with credit policy and financial analysis
Pursuit or completion of M.B.A.

Exelon

Chicago, IL

Exelon Corporation, a utility services holding company, engages in energy generation and delivery businesses in the United States and Canada. It owns nuclear, fossil, wind, hydroelectric, and solar generating facilities. The company also sells electricity to wholesale and retail customers; and sells natural gas, renewable energy, and other energy-related products and services. In addition, it is involved in the purchase and regulated retail sale of electricity and natural gas; and transmission and distribution of electricity, and distribution of natural gas to retail customers.

Further, the company offers corporate governance support services, including corporate strategy and development, legal, human resources, information technology, finance, real estate, security, corporate communications, supply at cost, engineering, distribution and transmission planning, asset management, system operations, and power procurement services.

It serves distribution utilities, municipalities, cooperatives, and financial institutions, as well as commercial, industrial, governmental, and residential customers. The company was incorporated in 1999 and is headquartered in Chicago, Illinois.