Connecticut Municipal Electric Energy Cooperative (“CMEEC”) is a non-profit public power entity responsible for the procurement of forward energy contracts/hedges and power purchase agreements, and the financing, acquisition, and construction of generating resources, in order to independently provide low cost, reliable and sustainable wholesale electric power and related services to member-owner municipal electric utilities and participating wholesale customers located in Connecticut. CMEEC’s member-owners currently include six of the seven municipal electric utilities in the state of Connecticut: Norwich Public Utilities, Groton Utilities, Jewett City Department of Public Utilities, Third Taxing District of the City of Norwalk, South Norwalk Electric and Water, and Bozrah Light & Power. CMEEC also provides the full wholesale power requirements of the Mohegan Tribal Utility Authority.
Position Highlights
CMEEC is searching for a qualified and highly motivated individual who displays CMEEC’s core values (Be Accountable, Be Adaptable, Be Curious, Collaborate, and Pursue Excellence) to serve as Portfolio Management Analyst within the Portfolio Management Department. This position will be working with other team members and will be responsible for developing, scheduling, improving and reporting various tasks within wholesale energy portfolio management, with a focus on New England Power Markets.
The individual serving in this role will report to CMEEC’s Director of Portfolio Management. The unique combination of skills and challenges associated with this position, as well as constant on-the-job learning and experience while meeting both day-to-day and longer-term initiatives, will provide for extensive growth and professional advancement.
CMEEC is willing to consider both entry level as well as experienced candidates for this role. A more complete description of the essential duties and responsibilities, minimum qualifications and other requirements associated with this opportunity appears under the “Position Description” heading below.
More About CMEEC
Established in 1976 as a publicly directed “joint action agency,” CMEEC is governed by an 18-member Board of Directors CMEEC and its affiliated transmission organization (Transco) are both rated AA- by Fitch and Aa3 by Moody’s. CMEEC satisfies member and other customer bulk power requirements through intermediate and long-term power contracts, bilateral short-term contract transactions, conventional generation assets, peaking generation, distributed generation, and an aggressive demand response program. CMEEC expects to meet future bulk power requirements by continuing its existing practices along with developing generation and renewable projects and participation in jointly held generation assets.
As part of providing bulk power to members and participants, CMEEC coordinates daily deliveries through the Independent System Operator of New England (ISO-NE), which includes daily bidding of loads and generation, daily and monthly settlements, participation in various auctions, and representing aggregated loads in the New England Power Pool (NEPOOL) and ISO-NE. More information can be found at: https://cmeec.com/
Location and Work Environment
CMEEC’s headquarters office is located in Norwich, Connecticut. We currently observe a hybrid work environment in which our approximately 30 employees are generally permitted to work remotely up to two days per week.
Compensation & Benefits
CMEEC offers challenging positions and career opportunities to qualified candidates, and a competitive total compensation package which includes a competitive base salary and a full complement of comprehensive benefits (including an employer-funded defined benefit pension plan in addition to 401k and 457b retirement savings plans). CMEEC’s robust benefits package also currently includes health and dental plans, employer-paid life insurance and long-term disability insurance, paid time off including paid holidays, professional development and tuition reimbursement opportunities, and a cell phone stipend. The total compensation package will be dependent upon qualifications and experience.
To Apply
Interested candidates should submit a cover letter, resume/CV, and compensation requirements no later than December 6, 2023, either via email to hradmin@cmeec.org, or via U.S. Mail to Human Resources, 30 Stott Avenue, Norwich, CT 06360.
CMEEC is an Equal Opportunity Employer and does not unlawfully discriminate against any applicant on the basis of race, color, religion, sex, national origin, ancestry, age, disability, sexual orientation, gender identity or expression, or any other class protected by federal or state law. We are committed and hold ourselves accountable to create a workforce that celebrates diversity and inclusiveness.
Position Description -- Portfolio Management Analyst
Job Title: Portfolio Management Analyst
Reports To: Director, Portfolio Management
FLSA Status: Exempt
Department: Portfolio Management
Summary: Conducts analyses of management and operational problems and formulates mathematical or simulation models of problem for solution by systems and production applications or other methods. Provides support to departmental staff in connection with projects and the core tasks and related work of the Portfolio Management Department.
Essential Duties and Responsibilities:
Develop, validate and produce information for Risk Management Reporting for Internal Risk Management Team.
Develop, validate and produce information for CMEEC Board of Director’s (BOD) Reporting for BOD Meetings.
Develop and produce Monthly All-In forecast reporting of members’ total energy costs.
Schedule and confirm Internal Bilateral Transactions (IBT) for energy on the ISO-NE SMD application.
Validation and reconciliation of IBTs as part of the monthly billing process.
Develop and validate New York Power Authority (NYPA) Monthly Contract Schedules.
Responsible for developing and submitting Financial Transmission Rights (FTRs) for auctions on the ISO-NE SMD application in accordance with CMEEC’s Enterprise Risk Management Policy (ERMP).
Provide support on all load forecasting data requirements, energy forecast performance reporting and load forecast applications.
Provide support in managing data, including monitoring gas markets operations, developing unit bids, scheduling unit maintenance and oversight of audits and data updates.
Provide support for daily validation of interval meter data, estimation of missing intervals as needed, and coordination of any meter testing. Daily validation of meter data requires coordination with Eversource and on a less frequent basis our member systems.
Assist on developing and producing Members Rate Analysis for all CMEEC members and customers.
Other duties may be assigned. Assist other departmental/CMEEC staff as directed.
Minimum Qualifications: Education, Experience, Licensure and Ability:
An individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.
Education/Experience/Knowledge:
Bachelor's degree (B. A.) in Mathematics, Business, Quantitative or other relevant discipline from four-year College or university, with a preference for at least two years related experience and/or training; or equivalent combination of education and experience with the Skills and Essential Duties and Responsibilities required for this position. Knowledge of wholesale electric markets is desirable.
Language Ability:
Ability to read, analyze, and interpret common scientific and technical journals. Ability to respond to common inquiries or complaints from customers, regulatory agencies, or members of the business community. Ability to provide written and oral interpretations of data analysis that conform to prescribed style and format.
Math Ability:
Ability to apply advanced mathematical concepts such as exponents, logarithms, quadratic equations, and permutations. Ability to apply mathematical operations to such tasks as frequency distribution, determination of test reliability and validity, analysis.
Reasoning Ability:
Ability to apply principles of logical or scientific thinking to a wide range of intellectual and practical problems. Ability to deal with nonverbal symbolism (formulas, scientific equations, graphs, musical notes, etc.), in its most difficult phases. Ability to deal with a variety of abstract and concrete variables.
Computer Skills:
Knowledge of the Suite of Microsoft products including Outlook, Word, Excel, and PowerPoint; Experience with VBA, SQL, and MATLAB scripts.
Certificates and Licenses:
No certifications required.
Supervisory Responsibilities:
This position has no supervisory responsibilities.
Work Environment:
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job.
The noise level in the work environment is usually quiet.
Physical Demands:
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. The employee must occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision. While performing the duties of this job, the employee is regularly required to sit; use hands to finger, handle, or feel; and to talk or to hear. The employee is occasionally required to stand; walk and reach with hands and arms.
The above is intended to describe the general content of and requirements for the performance of this job. It is not to be construed as an exhaustive statement of duties, responsibilities, or physical requirements. Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this job at any time. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.