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Market Forecasting Services Analyst II

Location: 

White Plains, US

Summary

The Market Forecasting Services (MFS) Analyst may work in various distinct areas, short-term forecasting, long-term forecasting, load research, load evaluations, capacity/UCAP forecasting, capacity reconciliation and various market and customer load related analytics. Within these areas, the MFS Analyst leads, assists and/or supports the critical functions necessary for the success of the group and its stakeholders.  The 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 as well as all of the enterprise-wide stakeholders.  The MFS Analyst manages all the load and UCAP transactions within the NYISO marketplace.  Serve as authoritative source for all supply-customer load and capacity related data associated with the aforementioned transactions. #LI-VB1

Responsibilities

  • Monitor and perform all existing Short Term Load Forecasting (STLF) 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 and Non-LSE supply customers. This also includes various statistical analysis (i.e.: regression, R-Squared, T-Stat, Standard Error etc.).  Perform weather normalization/load growth studies, and provide supporting variance analysis, monthly balancing summaries with graphs, and reports for Senior Analysts/Management review. Also includes insuring Scheduling procedures follow contracts, Tariffs and NYISO market rules.
  • Review/Challenge all NYISO Load Invoicing for billing errors or abnormal load reconciliations. Includes coordinating between the NYISO and Transmission Owners.
  • Assist and support all upstream and downstream internal/external stakeholders for all LSE & non-LSE customer load related matters, inquiries, analysis and reporting.
  • Perform 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 sales forecasts.
  • Perform all existing Mid-Range 4-year ahead Forecasts, used for Hydro Shortfall planning, hedging strategies and Energy Commodity Risk Management Assessments.
  • Prepare and schedule the deemed monthly forecasts (day type by hour) for those customer loads handled outside of the STLF system that require manual calculations.
  • Prepare assumptions, documentation, and supporting data for the LTMF.
  • Maintain a strong command and proficiency over the various MFS systems, data sets, and reporting abilities for timely responses to requests from internal or external stakeholders.   
  • Resolve issues and support improvements to the existing LTMF system by creating or updating improved forecast methodologies. 
  • Perform ad-hoc load evaluations using the billing system, the Data Warehouse, SAP/BI, PowerBI Reports and NYPA’s MV-90 system. 
  • Perform quantitative analyses on scheduling and settlement anomalies for customer billing.
  • Work with the NYISO and its working groups on matters related to changes in the Energy or ICAP Market Scheduling process and procedures.

Knowledge, Skills and Abilities

  • Knowledge of Independent System Operator, Regional Transmission Organization, Transmission Owner, Load Serving Entity, or Energy Service Company with an understanding of scheduling rules and procedures driven by contract tariff affecting the Management Committee, Business Issues Committee, ICAP/UCAP, LFTF, and PRLWG as they impact load forecasts is preferred.
  • Strong knowledge of preparing and structuring energy and UCAP bids in the DAM & RT Markets, in conjunction with customer contracts and tariffs.      
  • Working knowledge of NYISOs MIS, AMS, SDX and DSS systems preferred. 
  • Working knowledge of MS Office, advanced Excel skills are required. 
  • Strong analytical background in Economics, Finance, and Accounting is preferred.
  • Strong presentation ,written and verbal communication skills for presenting data analysis is required
  • Ability to interface with groups within other NYPA Departments, consultants, and outside agencies
  • Ability to propose solutions to a given problems
  • Ability to propose strategies to react to a changing environment
  • Ability to prioritize work, multi-task, and self-start.
  • Ability to act autonomously and work with minimal supervision is required.
  • Ability to independently make decisions that impact the business, defend the work product/decisions made, and assist in the development of policies surrounding forecasting scheduling and settlement is required.

Education, Experience and Certifications

  • Bachelor’s degree required; Business, Economics, Marketing, Finance, Accounting, or a related discipline preferred.
  • Minimum of 4 years of utility-related experience required. Experience in billing, settlements, accounting, or financial; energy Industry Trading (Independent System Operator or Regional Transmission Organization) preferred.
  • Minimum of 6 years of experience in an analytical role.
  • Advanced degree in Marketing, Economics, Finance or an MBA 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.

New York Power Authority is committed to providing fair, competitive, and market-informed compensation. The target salary range for this position is: $103,500 - $126,5000. Salary offered will be determined based the successful candidates’ relevant experience, knowledge, skills, and abilities.

 

The New York Power Authority and Canals Corporation believes that equity, diversity, and inclusion drive our success, and we encourage women, people of color, LGBTQIA+ individuals, people with disabilities, members of ethnic minorities, foreign-born residents, and veterans to apply. As an equal opportunity employer, NYPA/Canals is committed to building inclusive, innovative work environments with employees who reflect communities across NY and enthusiastically serve them. We proudly celebrate diversity and do not discriminate based on race, religion, color, national origin, sex, sexual orientation, gender identity and/or expression, age, veteran status, disability status, pregnancy, marital status, genetic information, arrest record or criminal conviction history, or any other category protected by law.

We are happy to provide reasonable religious accommodations during the hiring process for those in need. If you have a disability or special need that requires a reasonable accommodation, please send a request to accessibility@nypa.gov.

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

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