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Transaction Analysis Retail, Sr Analyst

Description of Role
• Performs analysis to price structured power deals, with a focus on full requirements load following deals related to retail load
• Identifies value proposition and inherent risks of energy transactions. Communicates risks associated with each component of full requirements load following deals to stakeholders.
• Identifies model shortcomings and communicates limitations of analysis
• Supports the continued development of Calpine’s full requirements and load forecasting modeling infrastructure.
• Recommends hedge schedule to mitigate risks associated with load following deals
• Performs backtest analysis to test appropriateness of full requirements pricing and recommended hedge schedule
• Works within broad guidelines; applies advanced technical knowledge of multiple functions to solve complex problems which may have a long term impact for the company.
• Presents valuation results to members of the senior management team.

Key Activities:
• Transaction Pricing
• Model Development
• Hedge Optimization
• Backtest Analysis

Preferred Skills:
• Intermediate level Excel model-building skills
• Intermediate programming skills with one or more of the following: VBA, R, Python
• Familiarity with Monte Carlo simulation and two-factor forecasting models.
• Experience with manipulating large amounts of data and working with structured databases
• Intermediate level presentation and Power Point skills
• Demonstrated understanding of asset valuation methods (dispatch models, options, swaps, tolls, and PPAs).
• Team player with a “whatever it takes” attitude who is used to diving into an issue, brainstorming solutions, and learning new methods and tools.

Relevant Experience:
• Candidate should offer a subset of the experience and knowledge below:
o Experience modeling full requirements load following deals.
o Knowledge of US gas and electric market fundamentals, including supply and demand, environmental legislation, and regional market structures.
o Valuation of commodity and derivative transactions as well as the impacts of various regulatory policies.

Job Requirements:

Bachelor and masters degrees in mathematics, computational science, engineering, finance, economics, or accounting.

Vaccine Information:
Calpine requires an individual who is newly hired into this position to be vaccinated for COVID-19 within the first 28 days of employment - if not already vaccinated prior to starting employment. If you have any concerns regarding compliance with this requirement, you will need to discuss your concerns with Calpine’s HR department after a decision has been made about whether or not to make you a conditional offer of employment. Calpine does not require applicants to discuss vaccination status prior to receipt of a conditional offer of employment and complies with all applicable laws requiring reasonable accommodation.