Trader Gas Buyer

Trader Gas Buyer

Are you looking for an exciting job where you can put your skills and talents to work at a company you can feel proud to be a part of? Do you want a workplace that will challenge you and offer you opportunities to learn and grow? A position at Xcel Energy could be just what you're looking for.

The below job summary and responsibilities reflects the duties of the Trader Gas Buyer, Senior Trader Gas Buyer. The successful candidate will be placed at a level that is commensurate with the candidate's skills and experience.

Position Summary Responsible for the buying / selling of natural gas supply for the regulated assets of Xcel Energy. Execute multi-million dollar transactions in the natural gas commodity market, including use of financial derivatives and physical supply agreements. Acquire adequate quantities of reliable gas supplies at competitive prices, consistent with purchase plans and transportation agreements on daily basis to ensure service is not interrupted to gas and electric customers.

Essential Responsibilities

• With limited oversight, develop and execute daily, annual, and long-range gas supply plans for the regulated operating companies within XE. Independently negotiate (often in a matter of minutes) gas purchase agreements with producers, energy brokers, and marketers to satisfy XE's $2B / yr. gas supply requirements.
• Collaborate with Gas Schedulers to ensure an adequate supply of gas is delivered to satisfy the daily and hourly requirements in the most economical fashion.
• Continuously monitor and participate in the financial trading markets. Develop and revise purchasing plans or trading strategies (often in a matter of minutes). Optimize transportation and storage assets through arbitrage. Negotiate financial transactions, including derivatives, for short term and long-term hedging natural gas price exposure for both retail gas and electric customers.
• Produce regulatory testimony for state commission proceedings, including fuel reconciliation proceedings, rate cases, and new regulatory requirements. Provide testimony in Commission proceedings. Create numerical models and develop comments through gathering supportive facts to respond to information requests during regulatory litigation.
• Develop and negotiate gas supply sales agreements associated with electric trading transactions. Develop and implement gas supply trading strategies to maximize profitability and minimize fuel cost.
• Contribute to the development of regulatory and Xcel Energy policy on gas procurement and recovery of related costs. Participate in the development and implementation of new policy initiatives, such as Xcel Energy's low emission gas goals.
• Monitor and track the accounting operations and contract administration functions for purchased gas supply. Maintain accurate documentation of commodity transactions for regulatory agencies. Develop and maintain communications with Xcel Energy's qualified suppliers. Ensure Xcel Energy maintains a highly visible presence in the gas acquisition and trading industry in North America.

Minimum Requirements - Trader Gas Buyer ($95,200 - $135,200)

Minimum Requirements - Senior Trader Gas Buyer ($109,500 - $155,500)

Preferred Requirements

As a leading combination electricity and natural gas energy company, Xcel Energy offers a comprehensive portfolio of energy-related products and services to 3.4 million electricity and 1.9 million natural gas customers across eight Western and Midwestern states. At Xcel Energy, we strive to be the preferred and trusted provider of the energy our customers need. If you're ready to be a part of something big, we invite you to join our team.

All qualified applicants will receive consideration for employment without regard to age, race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Individuals with a disability who need an accommodation to apply please contact us at recruiting@xcelenergy.com.

The anticipated starting base pay for this position is : $95,200.00 to $155,500.00 per year. This position is eligible for the following benefits : Annual Incentive Program, Medical / Pharmacy Plan, Dental, Vision, Life Insurance, Dependent Care Reimbursement Account, Health Care Reimbursement Account, Health Savings Account (HSA) (if enrolled in eligible health plan), Limited-Purpose FSA (if enrolled in eligible health plan and HSA), Transportation Reimbursement Account, Short-term disability (STD), Long-term disability (LTD), Employee Assistance Program (EAP), Fitness Center Reimbursement (if enrolled in eligible health plan), Tuition reimbursement, Transit programs, Employee recognition program, Pension, 401(k) plan, Paid time off (PTO), Holidays, Volunteer Paid Time Off (VPTO), Parental Leave.

Benefit plans are subject to change and Xcel Energy has the right to end, suspend, or amend any of its plans, at any time, in whole or in part. In any materials you submit, you may redact or remove age-identifying information including but not limited to dates of school attendance and graduation. You will not be penalized for redacting or removing this information.

Deadline to Apply : 08 / 24 / 25