PSEG Manager Energy Supply Administration in Newark, New Jersey
Requisition : 76400
PSEG Company: Public Service Electric & Gas Co.
Salary Range : $ 125,700 - $ 211,900
Incentive : PIP 20%
Work Location Category : Remote Local
PSEG operates under a Flexible Work Model where flexible work is offered when job requirements allow. In support of this model, roles have been categorized into one of four work location categories: onsite roles, hybrid roles that are a blend of onsite and remote work, remote local roles that are primarily home-based but require some level of purpose-driven in-person interaction and living within a commutable distance, and remote non-local roles that can be effectively performed remotely with the ability to work in approved states.
PSEG offers a unique experience to our more than 12,000 employees – we provide the resources and opportunities for career development that come with being a Fortune 500 company, as well as the attention, camaraderie and care for one another you might typically associate with a small business. Our focus on combatting climate change through clean energy technology, our new net zero climate vision for 2030 and enhanced commitment to diversity, equity and inclusion; and supporting the communities we serve make this a particularly exciting time to join PSEG.
This position is responsible for administering PSE&G’s electric and gas commodity commercial obligations - and leading the organization that ensures all regulatory, contractual and tariff requirements associated with operating the Company’s retail choice and electric and gas default service programs are satisfied. Responsible for managing PSE&G’s counterparty credit risk associated with energy supply, ensuring accurate payments for roughly $2-3 Billion for electric default supply service and $1Billion for gas default supply service. This position manages an organization consisting of 5 professional employees. This position routinely involves interfacing with a variety of external organizations (regulators; suppliers; PJM). This position is routinely involved in assessing regulatory and strategic issues, developing PSE&G policies, and interacting with external organizations on behalf of the Company.
Serve as process owner for the electric supply commercial processes – including all financial obligations and contractual compliance for electric supply acquisition. Lead a team of analysts in the daily and monthly operation of electric supply payments and process analysis, including the interaction and communication with all Basic Generation Service suppliers in relation to settlement and payment inquiries and transactions. Also includes interacting with the PJM ISO to understand PJM market/commercial operations and billing. and how the PJM charges are assessed to ensure all ISO charges are accounted for accurately in BGS supplier payments. Additionally, responsible for accurate and timely payment to Purchased Electric Power generators.
Serve as process owner for the gas supply commercial processes – including all financial obligations, contract and tariff compliance for BGSS and large cogeneration gas contracts, and tariff compliance for all gas suppliers. Lead a team of analysts in the daily and monthly operation of gas supply payments and process/gas load analysis, as well as all financial/commercial terms associated with all gas supply agreements, including all cash-out invoicing with gas suppliers.
Lead the credit analyst(s) and manage the daily credit and risk management activities of PSE&G relative to electric and gas TPSs, BGS/BGSS suppliers, large gas customers/generators and other counterparties – to ensure all counterparties are satisfying Company credit requirements.
Position responsible for assisting in the establishment of policy and in monitoring regulatory and/or other business process changes (including PJM ISO, NJ BPU) – and for ensuring that Company commodity operations processes are modified accordingly to insure continued accurate load reporting, BGS/BGSS supplier payments, and gas commercial processes. In this capacity, position provides process support to the Settlements/Energy Operations group within the Energy Supply organization – including settlement process design, operation and process troubleshooting and analysis.
Job Specific Qualifications
BS Degree and at least 10 years energy industry experience.
Working knowledge of industry restructuring and related business practices.
Thorough understanding of electric & gas commodity markets and operations, including ISO business operations and gas market operations.
Experience with counterparty engagement and qualifications - including assessment of risk and monitoring of the same.
Proven analytical skills.
Strong process and controls focus.
Superior interpersonal skills.
Experience representing Company positions in external forums.
Experience leading a team of professional employees.
MBA or other advanced degree.
Knowledge of Energy Supply legislative and regulatory practices
Demonstrated knowledge and experience in industry credit practices - including counterparty risk analysis, security instruments, and financial statement analysis.
Minimum Years of Experience
10 years of experience
Certain positions at the Company may require you to have access to Part 810-Controlled Information. Under the law, the Company is limited in who it can share this information with and in certain circumstances it is necessary to obtain specific authorization before the Company can share this information. Accordingly, if the position does require access to this information, you must complete a 10 CFR Part 810 Export Control Compliance Nationality Request Form, a copy of which will be provided to you by Talent Acquisition if an offer is made. If there is a need for specific authorization, due to the time it takes to obtain authorization from the government, we will likely not be able to further proceed with an offer.
PSEG is an equal opportunity employer, dedicated to a policy of non-discrimination in employment, including the hiring process, based on any legally protected characteristic. Legally protected characteristics include race, color, religion, national origin, sex, age, marital status, sexual orientation, disability or veteran status or any other characteristic protected by federal, state, or local law in locations where PSEG employs individuals.
As an employee of PSEG you should be aware that during storm restoration efforts, you may be required to perform functions outside of your routine duties and on a schedule that may be different from normal operations.
PSEG’s drug and alcohol testing program includes pre-employment testing, testing for cause, and post-incident/accident testing. For employees in federally regulated roles (including positions covered by USDOT, PHMSA, or NRC regulations), this also includes random testing. All drug and alcohol testing for federally regulated roles is inclusive of marijuana. Employees who transfer into a federally regulated role are subject to drug and alcohol testing, inclusive of marijuana.
PSEG employees must apply for jobs internally through emPower which can be accessed through sharepoint.pseg.com (https://sharepoint.pseg.com/Pages/Home.aspx) by clicking on the emPower icon, then selecting careers. This site ( https://jobs.pseg.com/ ) is strictly for candidates who are not currently PSEG employees, with the exception of PSEG employees who do not have company email addresses.
PSEG is committed to providing reasonable accommodations to individuals with disabilities. If you have a disability and need assistance applying for a position, please call 973-430-3845 or email firstname.lastname@example.org.
If you need to request a reasonable accommodation to perform the essential functions of the job, email email@example.com . Any information provided regarding a disability will be kept strictly confidential and will not be shared with anyone involved in making a hiring decision.
ADDITIONAL EEO/AA INFORMATION (Click link below)
Know your Rights: Workplace Discrimination is Illegal (https://www.eeoc.gov/sites/default/files/2022-10/22-088_EEOC_KnowYourRights_10_20.pdf)
Pay Transparency Nondiscrimination Provision
Diversity at PSEG: Equal Opportunity Employer
PSEG is an equal employment opportunity employer and makes employment decisions, including but not limited to, hiring, firing, promotion, demotion, training, and/or compensation, on the basis of merit. Employment decisions are based on an individual’s qualifications as they relate to the job under consideration. PSEG's policy prohibits unlawful discrimination based on sex (which includes pregnancy, childbirth, breastfeeding, or related medical conditions, the actual sex of the individual, or the gender identity or gender expression), race, color, religion, including religious dress practices and religious grooming practices, sexual orientation, national origin, ancestry, citizenship, marital status, familial status, age, physical disability, mental disability, medical condition, genetic information, protected veteran or military status, or any other consideration made unlawful by federal, state or local laws, ordinances, or regulations.
Need to request an accommodation?
If you have a disability and need assistance submitting your resume, applying for a position or registering for a test, please call 973-430-3845. Any information provided regarding a disability will be kept strictly confidential and will not be shared with anyone involved in making a hiring decision.
PSEG is committed to complying with all applicable laws providing equal employment opportunities. This commitment applies to all persons involved in the operations of the Company and prohibits unlawful discrimination by any employee of the Company, including supervisors and co-workers.
- PSEG Jobs