Peregrine Energy Solutions is seeking a highly skilled quantitative Market Analytics (Associate/Senior/Lead Associate) professional who possesses expertise in power market dynamics and fundamentals to support the Origination, Development, and Finance teams. This is a full-time position and can be fully remote.
Essential Responsibilities:
Fundamental Market Analysis, Commodity Structuring & Risk Analysis:
- Directly running and/or building power market forecasting tools used to build revenue expectations for project development with an understanding and application of market structures.
- Quantitative market analysis and risk analysis focused on product pricing, contractual requirement analysis, risk, and exposure.
- Programmatic coding, data manipulation, and curation from source all the way through to rendering final conclusions for commercial decisions.
- Evaluating market wholesale and retail rules to help develop fit-for-purpose products and solutions to address identified customer needs.
- Following and researching impacts from regulatory changes within multiple markets, both regulated and unregulated.
- Supporting analysis for pricing and execution of highly structured transactions and structured products creation (e.g. clean firm energy block products), across the spectrum of both financial and physical full-load requirements.
- Ad Hoc analysis projects related to anything Peregrine may be contemplating with regards to siting, pricing, trading, M&A, etc.
- Supports regular Market Analytics reporting functions.
Required Skills/Experience
- 2+ years of market fundamentals, price forecasting, market analytics, and risk analysis with a focus on energy storage and renewables and/or quantitative risk management and hedging experience in the energy industry.
- Knowledge and experience with US wholesale power market rules in at least 1 of the following ISOs :ERCOT, SPP, MISO, PJM.
- Basic skills in Data Science specifically Python& SQL or similar programming and machine learning languages, and processes.
- Understanding and experience in production cost modeling (PLEXOS, Aurora, DAYZER, etc.).
- Experience in Ascend Analytics products: PowerSIMM & BatterySIMM is a big plus!
Succeeding in this role will require:
- Self-motivation and a strong work ethic within a highly entrepreneurial, high-growth organization.
- Ability and willingness to challenge the thoughts and predisposition of others while simultaneously being open to having your own thoughts challenged.
- The energy market is complex, fast-paced, and constantly changing so staying abreast of developments is critical with an appetite to always be learning.
- Willingness to travel (5%).
Salary: The salary range for this position is $85,000 - $120,000 annually. Final compensation will be determined based on relevant experience, technical skills, education, certifications, and alignment with the role's responsibilities, as well as internal equity considerations
Bonus: This position may be eligible to receive an annual cash incentive bonus capped at a % of your base salary and on your performance review, and potentially long-term incentive participation.
Benefits: Current benefits include healthcare, dental and vision plans, 401(k)- retirement plan, group life and disability insurance.
