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Associate Market Forecasting Services (MFS) Analyst

Location: 

White Plains, NY, US

Summary

The Associate Market Forecasting Services (MFS) Analyst may work in various distinct areas; short-term forecasting, long-term forecasting, load research, load evaluations, capacity forecasting, capacity reconciliation and various market-related analysis. Within these areas, the Associate MFS Analyst leads, assists and/or supports the critical functions necessary for the success of the group. The Associate MFS Analyst develops comprehensive, dynamic, and static forecasts of demand, energy, capacity and coincident peak loads, as well as production sales delivery and New York Independent System Operator (NYISO)-related bids and bilateral transactions for all of NYPA’s customers.  The Associate MFS Analyst manages all of the load and capacity transactions within the NYISO marketplace.  He/She serves as an authoritative source for all load and capacity-related data associated with the aforementioned transactions for internal and external stakeholders.

Responsibilities

  • Support the execution of all existing Short Term Load Forecasting (STLF) system functions related to the development and improvement of fourteen day-ahead hourly DAM forecasts. This includes scheduling all hourly NYISO load bids, fixed bids and bilateral transactions for all LSE (Load Serving Entity) and Non-LSE loads. This also includes regression analysis, R-Squared analysis, T-Stat analysis, and Standard Error Analysis.  Perform weather normalization/load growth studies, and provide supporting variance analysis, monthly balancing summaries with graphs, and reports for senior analysts' and management review. Also includes ensuring Scheduling procedures are in compliance with contracts, tariffs and NYISO market rules.
  • Review/Challenge all NYISO Load Invoicing for billing errors or abnormal load reconciliaitions. Includes coordinating beteen the NYISO and Transmission Owners.
  • Be “on call” for a rotational shift basis, to provide after hours support monitoring forecast/scheduling for variances over weekends or holidays due to shifts in forecasted weather or or anomalous load shifting events.  **Note: This function is considered to be part of the core responsibilities across all analysts.
  • Provide after hours support to revise forecasts and adjust NYISO Schedules to account for unexpected customer outages/load reduction events that would yield significant forecast variance.  This also includes contacting third parties to confirm bilateral transactions awaiting second party confirmations with the NYISO.  **Note: This function is considered to be in addition to the core responsibilities of all analysts.
  • Assist and support all internal/external stakeholders for all LSE & Non-LSE customer load-related matters, inquiries and analytics; this includes, Accounting, Energy Resource Management, Generation Resource Management, Finacial Planning, Enterprise Risk, Demand Response, Pricing, Settlements and the Capacity group.
  • Support the execution of all existing Long Term Market Forecasting (LTMF) functions for use in the Operating Forecast, Cost of Service and Long-Range Financial Plan (OF and LRFP) related to ten-year ahead monthly forecasts by compiling sales data and updating forecast templates for review with the MFS team and the primary LTMF analyst. This includes both forecasting systems as well as manual modeling.
  • Prepare and schedule the monthly forecasts (day type by hour) for those loads handled outside of the STLF system that require manual calculations.
  • Assist the MFS analysts in the preparation of assumptions for the next forecasting period by providing research documentation, and supporting data.
  • Prepare research data and assist internal and external parties including Investor Owned Utilities, Energy Resource Management, and Accounting with ad hoc requests.

Knowledge, Skills and Abilities

  • Analytical background in Economics, Finance, and Accounting is preferred.
  • Strong computer software and database skills.
  • Proficiency in Microsoft Office Suite.
  • Strong written and oral communication skills.
  • Ability to interface with groups within Commercial Operations, other NYPA departments, consultants, and outside agencies.
  • Ability to propose solutions to a given problem.
  • Ability to propose strategies in response to a changing environment.
  • Ability to prioritize work, multi-task, and self-start.
  • Ability to act autonomously and work with minimal supervision.
  • Basic understanding of New York Independent System Operator (NYISO).
  • Basic understanding of NYPA’s role in the NYISO marketplace.

Education, Experience and Certifications

  • A Bachelor’s degree in Business, Economics, Marketing, Finance, Accounting, or a related discipline.
  • Minimum of 2 years of related experience in an analytical role.
  • Minimum of 2 years of Utility-related experience is preferred.

Physical Requirements

  • Must be available to travel between various NYPA/customer locations when necessary.  The traveling frequency would be ~ 10 times per year.
  • Must be available for “on call” rotation.

 

Military Occupational Speciality Codes
MOS - Army:  
MOS - Marines:   
MOS - Navy  

 

The New York Power Authority is an Equal Opportunity Employer   

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Nearest Major Market: White Plains
Nearest Secondary Market: New York City

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