Portfolio Management Advisor_MKPS1J

Portfolio Management Advisor (MKPS1J)

Location:

Houston, United States (77056). This position is permanent and full‑time, reporting to the Director of Portfolio Management.

Business Unit:
Supply & Energy Management | Division: BP B2B US | Legal Entity: ENGIE North America Inc.

As a Portfolio Management Advisor, you will be accountable for delivering expected gross margin from retail contract sales across the Northeast and California deregulated power markets (CAISO, PJM, NEPOOL, NYISO, and MISO). The Advisor will own all aspects of the P&L for the retail power book, including detailed explanations of delivery month actuals, PPA’s, forward book MTM changes, and budget planning.

Responsibilities include identifying risks, recommending hedge strategies, and taking direct action to hedge and manage all price and volume risk exposures inherent in the retail power business. You will collaborate with Portfolio Management Team members to formulate forward price curves for all COGS components of full‑requirements products and continuously calibrate costing assumptions to keep Engie competitive in the retail space.

Additionally, you will interact with internal teams—Sales, Business Development, Origination, Trading, Operations, Risk Management, Marketing, and Digital—to achieve Engie Resources' objectives.

• Trade financial and physical instruments for Energy, Capacity, RECs, Ancillaries, FTRs, PPAs, Power Options, and Weather derivatives in support of the retail business.
• Validate load forecasts and oversee day‑ahead demand bid schedules.
• Produce and reconcile daily NOP and MTM reports.
• Aggregate revenue and cost data to measure portfolio profitability.
• Contribute to daily formulation and regular calibration of forward price curves for Energy, Capacity, Ancillary Services, RPS, NITS, and all other cost components of full‑requirements electricity products.
• Manage the price and volume risks associated with serving retail power load with various contractual obligations (fixed price, index, or hybrid).
• Research complex business problems and identify opportunities to design, develop, and propose actionable solutions in support of pricing, portfolio management, and margin analysis activities.
• Coordinate with various functional groups to review and validate customer revenue and ISO settlement data to gain insights into portfolio profitability.
• Provide insight into the drivers of portfolio P&L from budget development through final settlement.
• Follow and comply with industry specifications, standards, regulations, and laws.
• Research and produce ad‑hoc analysis on market fundamentals, risk exposure, customer load characteristics, cost components and regulatory issues to enhance competitiveness, optimize risk exposure, and improve portfolio profitability.
• Prepare and present market fundamentals presentations to internal and external customers.
• Participate in conference calls supporting Sales efforts with end‑user customers, brokers, and partners.
• Contribute to the development and enhancement of models and system platforms in support of costing and portfolio management activities.
• Support new product development activities through coordination with various internal functional groups.

• Bachelor's degree in a quantitative discipline such as Business, Economics, Engineering, Accounting, Mathematics, or Computer Science (or a combination of ten years of professional experience and relevant education/certification).
• Minimum of seven years of relevant experience in the retail power industry.
• Deep experience in retail power portfolio management, with expertise in full‑requirements cost components, particularly in PJM and MISO markets.
• Knowledge of energy market fundamentals, pricing methodologies, and hedging strategies to manage shape and swing risk.
• Strong analytical and problem‑solving skills, with the ability to communicate complex technical concepts clearly to senior leadership and cross‑functional teams.
• Proficiency in MS Excel and experience with data tools such as Python, VPBA, SQL, and Microsoft Power BI for managing and analyzing large datasets.
• Excellent organizational skills, attention…