Sr Structuring Analyst - CI Gas

Job Title

Senior Structuring Analyst - CI Gas

Constellation

Houston, TX

Expected salary range of $119,700 to $133,000.

As the nation's largest producer of clean, carbon‑free energy, Constellation is focused on our purpose: accelerating the transition to a carbon‑free future. We have been the leader in clean energy production for more than a decade, and we are cultivating a workplace where our employees can grow, thrive, and contribute. Our culture and employee experience make it clear:
We are powered by passion and purpose. Together, we’re creating healthier communities and a cleaner planet, and our people are the driving force behind our success. At Constellation, you can build a fulfilling career with opportunities to learn, grow and make an impact. By doing our best work and meeting new challenges, we can accomplish great things and help fight climate change.

Join us to lead the clean energy future.

Constellation offers a wide range of benefits and rewards to help our employees thrive professionally and personally. We provide competitive compensation and benefits that support both employees and their families, helping them prepare for the future. In addition to highly competitive salaries, we offer a bonus program, 401(k) with company match, employee stock purchase program; comprehensive medical, dental and vision benefits, including a robust wellness program;

paid time off for vacation, holidays, and sick days; and much more.

The Senior Structuring Analyst plays an integral role within the Portfolio Management and Strategy group. The senior analyst will be responsible for pricing and valuation of structured gas transactions including physical index, basis and fixed price products, as well as storage and transport related asset valuation transactions. Based on support being provided to C&I vs MM business lines, the senior analyst will participate in Load Auctions for various LDCs, Government Aggregation load contracts, responding to RFPs for large Commercial and Industrial facilities, as well as supporting deal valuation and campaign pricing for SMB and Residential customers.

A strong understanding of natural gas markets including LDC and Pipeline dynamics and related tariff structures, supply/demand fundamentals in constrained gas supply areas and ICE trading market dynamics is essential, along with an understanding of option theory and other statistical methods. To support the mass market business line a further in‑depth understanding of the mass market tariff structures of various LDCs will be required, including asset release programs and associated capacity costs and supply cost optimization.

The senior analyst will be expected to participate in the valuation of transactions across a wide geographical area spanning multiple Pipelines, States and Utilities across the United States. Knowledge of tariff structures of various pipelines and LDCs will be required along with excellent communication skills to collaborate with multiple Sales and Trading team members. The analyst must also effectively communicate recommendations based on complex analysis to a variety of audiences, including senior management.

• Apply deep understanding of natural gas pipeline dynamics, ICE traded market behavior, LDC and pipeline tariff structures and MM asset release tariffs to track and assess real‑time price formation in the natural gas market and support accurate and timely valuation of physical index basis and fixed price transactions across primary firm and secondary firm service levels, including valuation and structuring of asset release transactions for storage and transportation assets as well as load auctions, government aggregations, SMB and residential programs.
• Collaborate and communicate frequently with Sales and Trading teams to ensure transaction risk and reward structures are favorable to the organization and apply strong commercial and analytical judgment to provide oversight and support for deal valuation and booking assumptions.
• Identify and pursue opportunities to improve system…