Southern Company
Dir, Financial Trading
Southern Company, Atlanta, Georgia, United States, 30383
JOB SUMMARY:
SouthStar is seeking a knowledgeable and results-driven Financial Trader to join our team. The successful candidate will be responsible for working with their counterpart in SouthStar’s physical operations group to optimize profitability and manage risks associated with storage and swing positions in various deregulated retail gas markets across the Mid-Atlantic and Midwest regions. Additionally, this position will support the growth of SouthStar’s green energy initiatives, helping to identify and acquire environmental commodity products needed to sustain and grow the Company’s green product portfolio.
MAJOR JOB RESPONSIBILITIES:
Develop, execute and manage financial trading strategies to optimize SouthStar’s storage assets across the Midcontinent and Mid-Atlantic regions.
Develop, execute and continuously monitor hedging strategies to manage swing exposure considering historical market volatility, the fundamental outlook for natural gas prices in each market served, and the potential impact to SouthStar’s net income given stressed tested scenarios of potential price & weather outcomes.
Collaborate with the Director, Physical Trading to determine SSE’s physical exposures and associated strategies each month in order to achieve the objectives of maximizing the return on storage assets while mitigating swing risks associated with firm retail delivery requirements.
Reassess and reposition SouthStar’s swing and storage strategies intra-month in response to changes in market fundamentals, changes in the expected behavior of SouthStar’s retail full requirements portfolio and predicted fluctuations in HDD’s relative to initial forecast.
Manage SouthStar’s portfolio of environmental commodities to meet the forecasted volume & margin requirements of the Company’s retail and wholesale products teams.
Collaborate with internal stakeholders to identify opportunities and support efforts to expand green product offerings.
Identify unanticipated exposures, presenting alternative hedging strategies (taking the Risk Management Policy [RMP] into consideration) to mitigate those exposures and successfully achieve profitability while staying within the limits of the Company RMP.
JOB REQUIREMENTS:
Required:
Bachelor's degree in Economics, Finance, Accounting, Business, or a related field. A Master's degree or additional certifications (e.g., CFA, ERP) is a plus.
Related Work Experience:
Required:
Minimum of 15 years of experience in financial or physical trading in the energy industry. Knowledge of environmental commodity markets is a plus.
Specific Skills & Knowledge:
Required:
Direct experience quantifying, managing and optimizing physical commodity exposure with relevant financial derivatives.
Ability to track rapidly changing regulated and voluntary compliance market standards and practices.
Understanding of trade related accounting principles, including cash flow hedge accounting requirements.
Excellent analytical and quantitative skills, with the ability to interpret complex data and market signals.
Exceptional communication and interpersonal skills, with the ability to interact effectively with a variety of stakeholders including senior leadership.
Detail-oriented with strong organizational skills and the ability to manage multiple tasks simultaneously.
Self-motivated and able to work independently as well as part of a team.
Commitment to ethical trading practices and a strong understanding of compliance requirements, where applicable.
Preferred:
Working knowledge of ICE, Bloomberg and/or OpenLink Software.
Working Conditions/Physical Requirements:
Hybrid work environment, in the office/on-site 3 days per week, and subject to change as needed.
Physical requirements minimal.
Disclaimer:
This information describes the general nature and level of work performed by employees in this job. The description is not designed to be a comprehensive inventory of duties, responsibilities and qualifications required in the job. Reasonable accommodations may be made to qualified disabled individuals for performance of essential duties and responsibilities.
About Southern Company Gas:
Southern Company Gas is a wholly owned subsidiary of Atlanta-based Southern Company (NYSE:SO), America’s premier energy company. Southern Company Gas serves approximately 4.2 million natural gas utility customers through its regulated distribution companies in four states and approximately 600,000 retail customers through its companies that market natural gas. Other nonutility businesses include investments in interstate pipelines and ownership and operation of natural gas storage facilities.
Southern Company (NYSE: SO) is a leading energy provider serving 9 million residential and commercial customers across the Southeast and beyond through its family of companies. Providing clean, safe, reliable and affordable energy with excellent service is our mission. The company has electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company, a leading distributed energy infrastructure company with national capabilities, a fiber optics network, and telecommunications services. Through an industry-leading commitment to innovation, resilience, and sustainability, we are taking action to meet our customers’ and communities’ needs while advancing our commitment to net zero emissions by 2050. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and are the key to our sustained success.
Southern Company is an equal opportunity employer where an applicant's qualifications are considered without regard to race, color, religion, sex, national origin, age, disability, veteran status, genetic information, sexual orientation, gender identity or expression, or any other basis prohibited by law.
Job Identification: 7524
Job Category: Energy Trading
Job Schedule: Full time
Company: Southstar Energy Services
#J-18808-Ljbffr
SouthStar is seeking a knowledgeable and results-driven Financial Trader to join our team. The successful candidate will be responsible for working with their counterpart in SouthStar’s physical operations group to optimize profitability and manage risks associated with storage and swing positions in various deregulated retail gas markets across the Mid-Atlantic and Midwest regions. Additionally, this position will support the growth of SouthStar’s green energy initiatives, helping to identify and acquire environmental commodity products needed to sustain and grow the Company’s green product portfolio.
MAJOR JOB RESPONSIBILITIES:
Develop, execute and manage financial trading strategies to optimize SouthStar’s storage assets across the Midcontinent and Mid-Atlantic regions.
Develop, execute and continuously monitor hedging strategies to manage swing exposure considering historical market volatility, the fundamental outlook for natural gas prices in each market served, and the potential impact to SouthStar’s net income given stressed tested scenarios of potential price & weather outcomes.
Collaborate with the Director, Physical Trading to determine SSE’s physical exposures and associated strategies each month in order to achieve the objectives of maximizing the return on storage assets while mitigating swing risks associated with firm retail delivery requirements.
Reassess and reposition SouthStar’s swing and storage strategies intra-month in response to changes in market fundamentals, changes in the expected behavior of SouthStar’s retail full requirements portfolio and predicted fluctuations in HDD’s relative to initial forecast.
Manage SouthStar’s portfolio of environmental commodities to meet the forecasted volume & margin requirements of the Company’s retail and wholesale products teams.
Collaborate with internal stakeholders to identify opportunities and support efforts to expand green product offerings.
Identify unanticipated exposures, presenting alternative hedging strategies (taking the Risk Management Policy [RMP] into consideration) to mitigate those exposures and successfully achieve profitability while staying within the limits of the Company RMP.
JOB REQUIREMENTS:
Required:
Bachelor's degree in Economics, Finance, Accounting, Business, or a related field. A Master's degree or additional certifications (e.g., CFA, ERP) is a plus.
Related Work Experience:
Required:
Minimum of 15 years of experience in financial or physical trading in the energy industry. Knowledge of environmental commodity markets is a plus.
Specific Skills & Knowledge:
Required:
Direct experience quantifying, managing and optimizing physical commodity exposure with relevant financial derivatives.
Ability to track rapidly changing regulated and voluntary compliance market standards and practices.
Understanding of trade related accounting principles, including cash flow hedge accounting requirements.
Excellent analytical and quantitative skills, with the ability to interpret complex data and market signals.
Exceptional communication and interpersonal skills, with the ability to interact effectively with a variety of stakeholders including senior leadership.
Detail-oriented with strong organizational skills and the ability to manage multiple tasks simultaneously.
Self-motivated and able to work independently as well as part of a team.
Commitment to ethical trading practices and a strong understanding of compliance requirements, where applicable.
Preferred:
Working knowledge of ICE, Bloomberg and/or OpenLink Software.
Working Conditions/Physical Requirements:
Hybrid work environment, in the office/on-site 3 days per week, and subject to change as needed.
Physical requirements minimal.
Disclaimer:
This information describes the general nature and level of work performed by employees in this job. The description is not designed to be a comprehensive inventory of duties, responsibilities and qualifications required in the job. Reasonable accommodations may be made to qualified disabled individuals for performance of essential duties and responsibilities.
About Southern Company Gas:
Southern Company Gas is a wholly owned subsidiary of Atlanta-based Southern Company (NYSE:SO), America’s premier energy company. Southern Company Gas serves approximately 4.2 million natural gas utility customers through its regulated distribution companies in four states and approximately 600,000 retail customers through its companies that market natural gas. Other nonutility businesses include investments in interstate pipelines and ownership and operation of natural gas storage facilities.
Southern Company (NYSE: SO) is a leading energy provider serving 9 million residential and commercial customers across the Southeast and beyond through its family of companies. Providing clean, safe, reliable and affordable energy with excellent service is our mission. The company has electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company, a leading distributed energy infrastructure company with national capabilities, a fiber optics network, and telecommunications services. Through an industry-leading commitment to innovation, resilience, and sustainability, we are taking action to meet our customers’ and communities’ needs while advancing our commitment to net zero emissions by 2050. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and are the key to our sustained success.
Southern Company is an equal opportunity employer where an applicant's qualifications are considered without regard to race, color, religion, sex, national origin, age, disability, veteran status, genetic information, sexual orientation, gender identity or expression, or any other basis prohibited by law.
Job Identification: 7524
Job Category: Energy Trading
Job Schedule: Full time
Company: Southstar Energy Services
#J-18808-Ljbffr