Job Summary:This is a rare opportunity to build a new business from the ground up - with the resources of an established company behind you. You will launch and lead REV's PJM wholesale load-serving business, supplying full-requirements default service through utility auctions, hedged against REV's pumped storage fleet. You will own it end to end: standing up the business, setting strategy and bidding in default service auctions, and supporting hedging, credit, and settlement. Unlike a typical startup, you'll have REV's physical asset base, balance sheet, and deep bench of expertise across Energy Management and the broader organization at your disposal: Analytics on pricing and load forecasting, Traders on hedge execution, Risk and Credit on exposure and collateral, the REC desk on compliance, and Legal on contracts and market setup. The initial focus is PJM, with the potential to expand into other markets as the platform matures. The ideal candidate has experience pricing and managing load risk as well as an understanding of wholesale load operations, and is an entrepreneurial builder ready to shape the strategy and grow the business as it scales.
Duties/Responsibilities:- Launch, build and manage REV's new PJM wholesale load-serving business with an ownership mindset, coordinating across the Energy Management team and the broader organization.
- Lead strategy and execution for PJM default service auctions, including tranche selection, bid pricing, and participation in descending clock auctions.
- Partner with the Analytics team to build and maintain auction pricing, load forecasting (Day-Ahead and Real-Time), and shadow-clearing models ahead of live bidding.
- Manage and monitor performance attribution and risk metrics as well as market intelligence to determine forward component pricing and margin levels
- Work with Traders on hedge execution, including mean-delta block hedges, FTR/congestion coverage, and integration of the pumped storage fleet's dispatch as the real-time hedge.
- Organize the business: market and supplier qualification (EDC programs, PJM), working with Legal on supplier master agreements, licensing, and market setup, and establishing the internal processes and controls required to bid, deliver, and settle load.
- Work with the Risk and Credit teams on load-book exposure and collateral, including EDC margining, exchange margin, and PJM credit requirements, as well as facilities, unsecured thresholds, and portfolio netting.
- Oversee load settlement, PJM settlement components and cost attribution for the load book, and forecast-versus-actual performance in partnership with Commercial Operations; own reporting and tracking of the business's gross margin against plan, including Day-Ahead/Real-Time P&L attribution.
- Coordinate with the REC desk on compliance procurement and monetization of fleet RECs against load obligations.
- Ensure all load positions, load hedges, and FTRs are modeled in the ETRM with accurate position, MtM, and credit reporting; ensure full compliance with Risk Policy, EDC agreements, PJM Tariff, and FERC requirements.
- Develop and maintain market intelligence on default service auction results, competitor behavior, and clearing margins across PJM programs, informing bid strategy and potential expansion into other markets.
- Build and manage a small team of 1-2 as the business ramps; represent REV with EDCs, auction managers, and PJM.
Required Education/Skills/Knowledge:- Bachelor's Degree in a numerate discipline (e.g., Economics, Mathematics, Engineering, Computer Science).
- 8-12+ years of wholesale power experience, ideally including pricing and/or managing full-requirements load (default service, wholesale/retail supply, or LSE portfolios) - not solely load operations - in PJM or another major US ISO, with PJM experience preferred.
- Strong understanding of the risk components, cost attribution, and PJM settlement components of a load book - load forecasting and shaping, capacity, transmission, and ancillary obligations, and REC compliance - and of default service auction mechanics (e.g., BGS, DSP, SOS).
- Working knowledge of credit and collateral mechanics for load supply, including supplier master agreement margining, exchange-cleared hedging, and ISO credit requirements.
- Demonstrated ownership mindset, with the ability to oversee a business line while working heavily across internal teams - Trading, Analytics, Risk, Credit, Commercial Operations, and Legal - to deliver it.
- Strong analytical skills (e.g., Python, SQL, Excel), experience partnering with quantitative teams on pricing and forecasting models, and the ability to build market intelligence on auction clearing levels and margins.
- Ability to manage competing priorities in a fast-paced, market-driven environment, including extended hours around auctions and critical market events.
- Strategic, analytical thinker with excellent communication skills and strong commercial judgment.
Physical Requirements/Working Conditions:- Must be able to sit/stand at a desk, using a computer workstation.
- The employee is occasionally required to climb, balance, stoop, kneel, crouch, reach with hands and arms, walk; lift push or pull objects up to 20 pounds.
- Must be able to handle long periods of screen time and typing.
- Must be able to have effective time management skills, with the ability to concentrate for long periods of time.
What We OfferREV is proud to provide a comprehensive and competitive benefits package designed to support employees' well-being and long-term success. Below are just a few examples:
- Employer-sponsored Medical, Dental, and Vision coverage for employees and their eligible dependents.
- Health Reimbursement Arrangement (HRA) and Flexible Spending Accounts (FSA).
- Company-paid Life, AD&D, and Long-Term Disability Insurance.
- 401(k) with employer contributions.
- Generous Time Away policies.
- Educational Reimbursement for professional development.
We believe in creating a workplace where every employee feels valued, supported, and inspired to grow. Join us in shaping a cleaner, more sustainable energy future.
