What’s the role 

The REC Portfolio Management & Supply Lead is responsible for wholesale price and retail position management for regional power exposure. The role will develop into a subject matter expert in specific regional markets, capturing the full retail gross margin and identifying additional profit opportunities within regional terms and cash markets. This position is also accountable for identifying and supporting the development of new opportunities across regional wholesale and retail power markets, as well as monitoring fundamental and regulatory changes that impact these markets. 

This is a highly cross functional and cross regional role, where experience in Northeast power markets is a significant requirement. The ideal candidate will manage multiple books and be willing to support cross regional efforts in position exposure and reporting. 

Reporting to the B2B Portfolio Lead, the role requires a self-motivated, dedicated, and responsible individual with the ability to perform well under pressure. 

Accountabilities: 

• Front Office Accountabilities: 

• Execute trading hedges with all wholesale intermediaries   

• Profitably cover open risk exposures with approved risk management tools   

• Work with market analytics to build tools/reports to explain/uncover risk and present opportunities    

• Provide market commentary and insight – as needed, assist with sales presentations and customer interactions  

• Assist regional price curve creation  

• Track and manage transferred RECs and optimize the inventory across state RPS programs, market opportunities according to market pricing based on eligibility. 

• Contribute to sales and contract margin 

• Set daily REC marks and maintain RPS curves for pricing and revaluation. 

• Process all REC retirements and generate appropriate State and other regulatory reporting 

• Mid Office Accountabilities: 

• Manage contract negotiations & the contract pipeline. 

• Manage REC registries, REC deliveries, and REC inventory.  

• Ensure invoices are paid promptly by Accounting and REC Sales are invoiced for RPS & voluntary customers. 

• Ensure REC revenue is accrued by Accounting for all REC sales. 

• Back Office Accountabilities: 

• Assist in generating all Risk, Finance, and operational reporting requirements. 

• Educate internal team members and external stakeholders 

What you bring  

• Must have legal authorization to work in the US on a full-time basis for anyone other than current employer 

• Bachelor’s degree, Master or Advanced Degree 

• At least 6 years’ experience in a trading/commercial role, settlement or risk management capacity  

• Preferred Knowledge of ERCOT, PJM, MISO, NYISO, NEISO and CAISO markets  

• Knowledge of PUC and/or Utility standards  

• Analytical mindset demonstrates the ability to solve problems and create practical solutions to overcome problems and mitigate risks.  

• Comfortable working in a target-driven and fast-changing environment, and able to respond to changing business needs  

• Excellent attention to detail  

• Proficient use of Microsoft Office programs including Word, Outlook and strong Excel skills  

• Excellent analytical, organization and time management skills, with the ability to maintain a strict level of attention to detail  

• Ability to work well within a team environment and demonstrate a vested interest in team goals and objectives  

• Excellent interpersonal, verbal and written communication skills, with the ability to establish and maintain positive and effective working relationships  

• Self-motivated with the desire to consistently improve performance and gain further knowledge  

• Ability to meet deadlines, learn quickly and demonstrate effective problem solving and follow-up skills  

What we offer 

The base salary range for this position is $178,000 - $266,000 per year.  As Individual pay will be based on various factors, such as relevant work experience, education, certifications, skill level, seniority, and internal equity.  

For regular full-time or regular part-time employees of the Company (participating companies as listed in the Summary Plan Description), insurance coverage options include medical, dental, vision coverage, life Insurance, Business Travel Accident Insurance, and Occupational Accidental Death Benefit programs. Employees also participate in a company pension plan and a 401(k) plan. Paid leave includes up to 6 weeks of paid vacation time, up to 11 paid holidays, and parental leave offering 16 weeks of paid leave for birthing parents, and 8 weeks of paid leave for non-birthing parents. 

Additionally, employees are eligible for short-term disability leave for up to 26 weeks at 100% or 50% of base pay as well as Long-Term Disability insurance. Shell also offers other compensation such financial reimbursement for adoption, wellness, education, and personal learning expenses, and some roles are eligible for discretionary long-term incentives.  For interns, eligible benefits include medical, dental, and vision coverage, life insurance, Business Travel Accident Insurance, and Occupational Accidental Death Benefit programs; participation in a 401(k) plan; and paid leave for up to 11 paid holidays.  Additional information on Shell’s US benefit programs can be found at https://www.shell.us/careers/about-careers-at-shell/rewards-and-benefits.html. 

You bring your skills and experience to Shell and in return you work with talented, committed people on one of the most important challenges facing our planet. You’ll have the opportunity to develop the skills you need to grow in an environment where we value honesty, integrity, and respect for one another. You’ll be able to balance your priorities as you become the best version of yourself. 

• Progress as a person as we work on the energy transition together 

• Continuously grow the transferable skills you need to get ahead 

• Work at the forefront of technology, trends, and practices 

• Collaborate with experienced colleagues with unique expertise 

• Achieve your balance in a values-led culture that encourages you to be the best version of yourself 

• Benefit from flexible working hours, and the possibility of remote/mobile working 

• Perform at your best with a competitive starting salary and annual performance related salary increase – our pay and benefits packages are considered to be among the best in the world. 

• Take advantage of paid parental leave, including for non-birthing parents 

• Join an organization working to become one of the most diverse and inclusive in the world. We strongly encourage applicants of all genders, ages, ethnicities, cultures, abilities, sexual orientation, and life experiences to apply 

• Grow as you progress through diverse career opportunities in national and international teams 

• Gain access to a wide range of training and development programs 

We'd like you to know that Shell has a bold goal: to become one of the world’s most diverse and inclusive companies. You can get to know more about how we're working towards that goal, click here.  

Shell in The United States 

Shell has been in the US for more than 100 years, leading the sector in energy, petrochemicals and refined products.  Today, we provide millions of Americans with the energy needed to heat and cool their homes and power the economy.