BP

Costing and Power Supply Specialist

BP$80K — $95K *
Energy & Utilities
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 5-7 years of experience in a similar role
  • Undergraduate degree in Business, Economics, Statistics, quantitative Finance or Engineering
  • Strong understanding of retail power pricing processes and model development
  • Familiarity with cost structures in deregulated electric markets
  • Proficient in data analysis and SQL, Excel, and VBA
  • Experience with ISO settlements data

Responsibilities

  • Manage retail costing processes for US deregulated markets
  • Analyze cost risks and model premiums
  • Maintain and automate cost reporting structures
  • Track and optimize PnL for non-tradable components
  • Manage regulatory rate change processes
  • Provide expertise to Sales and other departments on costing questions
  • Produce market collateral and present to customers and partners

Benefits

  • Hybrid work model with office/remote flexibility
  • Engagement with a diverse and proficient team
  • Opportunity for professional growth within the company
  • Exposure to various functional areas including Sales and Operations
  • Involvement in innovative product development and market strategies
Full Job Description

Entity:

Supply, Trading & Shipping


Job Family Group:

Supply & Trading Group


Job Description:

About the team

This team is filled with technical industry specialists, personable people, who are driven and capable to address all the complexities that come with working in Retail Power industry. In addition to costing & competitiveness, the team is also responsible for various commercial growth initiatives and unique products. We are the core of wider Retail Supply department driving improvements in execution, processes, and accuracy. Given wide breadth of the team's responsibilities, we touch a lot of different functional areas, including Sales, Operations, Finance and Risk.

Key Accountabilities
  • Manage and develop the retail costing process for the assigned US deregulated markets with a focus on competitiveness and business growth while mitigating key exposures
  • Analyze and model cost component risks and premiums
  • Develop, automate and maintain reporting of the cost components, strategies and methodologies that feed into pricing and gross margin models
  • Track, optimize and explain PnL for non-tradable components
  • Effectively manage the regulatory rate change process
  • Track and understand market and state rules that impact retail costing
  • Work closely with regulatory and compliance team when appropriate
  • Cost and support development of new product initiatives
  • Serve as a SME for other functional departments, including Pricing and Operations, in ISO component level costing and settlements
  • Obtain quarterly sign off for all costing methodologies and prices with appropriate groups
  • Build and support information library and data infrastructure
  • Serve as key SME to Sales and other customers on costing related questions
  • Track and analyze competitiveness feedback
  • Produce market collateral to Sales, channel partners and customers
  • Present in customer meetings and seminars as requested by Sales
  • Develop knowledge and experience in all deregulated energy markets in NA
  • Other duties and responsibilities as may arise and may be assigned by management

Experience Requirements
  • Mid level experience in a substantially similar role
  • Undergraduate degree in Business, Economics, Statistics, quantitative Finance or Engineering
  • Strong understanding of the retail power pricing process, including model development
  • Understanding of cost structures of deregulated electric markets, including capacity, transmission, ancillary services and losses
  • Proficient in collecting, querying, organizing and analyzing complex data, evaluating information and drawing logical conclusions
  • Prior experience with working with ISO settlements data
  • Advanced knowledge of Excel, VBA and SQL

Leadership Requirements
  • Show leadership, be able to work autonomously, be resourceful and well organized
  • Be a self-starting individual with ability to independently lead project teams and enact business process change
  • Work across multi-disciplinary functions
  • Able to interact at all levels of the organization with ease
  • Highly motivated, self-sufficient and enthusiastic individual who has strong desire to grow within the company
Personal Profile

Strong academics with technical or economics/business focus.


Travel Requirement

Negligible travel should be expected with this role


Relocation Assistance:

This role is not eligible for relocation


Remote Type:

This position is a hybrid of office/remote working


Skills:

Agreements and negotiations, Analytical Thinking, Business Acumen, Commercial Business Development, Continuous Learning, Customer promise execution, Customer service delivery excellence, Deal modelling and valuation, Developing and implementing strategy, Influencing, Internal alignment, Listening, Loyalty Management, Marketing strategy and programmes, Negotiating value, Negotiation planning and preparation, Partner relationship management, Presenting, Sentiment and Trends, Thought Leadership, Trade discipline and compliance, Trading Fundamentals, Trading knowledge, Writing skills

.

About BP

BP p.l.c. is a British multinational oil and gas company headquartered in London, England. It is one of the oil and gas "supermajors" and one of the world's largest companies measured by revenues and profits. It is a vertically integrated company operating in all areas of the oil and gas industry, including exploration and extraction, refining, distribution and marketing, power generation, and trading. BP's origins date back to the founding of the Anglo-Persian Oil Company in 1908, established as a subsidiary of Burmah Oil Company to exploit oil discoveries in Iran. In 1935, it became the Anglo-Iranian Oil Company and in 1954, adopted the name British Petroleum. In 1959, the company expanded beyond the Middle East to Alaska. British Petroleum acquired majority control of Standard Oil of Ohio in 1978. Formerly majority state-owned, the British government privatised the company in stages between 1979 and 1987. British Petroleum merged with Amoco in 1998, becoming BP Amoco plc, and acquired ARCO and Burmah Castrol in 2000 and Aral AG in 2002. The company's name was shortened to BP p.l.c. in 2001. From 2003 to 2013, BP was a partner in the TNK-BP joint venture in Russia, and from 2013 until Russia's 2022 invasion of Ukraine, held a nearly 20% stake in Rosneft.
Learn more about BP
Size
65,900 employees
Market Cap
$104.4 billion
Industry
Net Income
-$20.3 billion
Founded
1909
5 Year Trend
-2.9%
Revenue
$180.3 billion
NASDAQ

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