Allete

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Real Time Trader I (Finance)



Minnesota Power, an ALLETE company, is an electric utility headquartered in Duluth, Minnesota. We provide electricity in a 26,000-square-mile service area in northeastern Minnesota to 150,000 customers, including 14 municipal systems and some of the nation's largest industrial customers. Minnesota Power is committed to a sustainable future for the climate, our customers and our communities while delivering safe and reliable energy. We play a unique and significant role in ALLETE's sustainability-in-action strategy. Our culture drives excellence through our shared values of integrity, safety, people, and the planet.

RESPONSIBILITIES:

  • Collaborate with Internal Teams: Work closely with Minnesota Power's Generation and System Operations groups to optimize generating unit offers with MISO, ensuring the most favorable mix of energy, regulation, and reserves to achieve least-cost supply and maintain system reliability.
  • Support Asset Optimization: Proactively optimize the company's short-term physical and financial electric resource portfolio. Make informed decisions based on unit capabilities, market fundamentals, fuel prices, constraints, economic dispatch, ramp issues, and curtailments, while effectively managing fuel burns and other relevant factors.
  • Monitor Market Conditions: Constantly monitor the electric energy market, Minnesota Power's energy position, and system operating conditions to make appropriate energy resource decisions.
  • Coordinate Fuel Procurement: Determine generation requirements and coordinate fuel procurement to meet obligations.
  • Execute Transactions: Negotiate and execute bilateral purchase/sales transactions to meet least-cost supply needs, adhering to established strategies and risk parameters.
  • Strategic Planning and Analysis: Assist in planning, data gathering, and analysis to support the development of Minnesota Power's Energy Supply strategies.
  • Effective Communication: Establish and maintain relationships with reliability entities, generators, and client operators through effective communication skills.

REQUIRED EDUCATION & EXPERIENCE:
  • Bachelor's Degree, no experience required
    • ​Degree in Business Administration, Accounting, Economics, Engineering, Finance, or related field preferred

    OR
  • Formal technical training (such as Electrical Technology) PLUS three years or more related experience required

SPECIAL REQUIREMENTS:
  • This position may be considered for a hybrid work arrangement based on ALLETE's needs. A Hybrid work arrangement means the employee's position will be a blend of work performed both in-person and at an offsite location such as an employee's home office. This position will report to Duluth, MN
  • Traders must be able to work a shift schedule as part of a 24-hour, 7-days a week operation.
  • Shifts consist of 12-hour rotations.
  • Candidates must be self-motivated, capable of working in a high-energy, fast-paced team environment, and possess good analytical skills, organizational skills, communication skills, and interpersonal skills.
  • This position may be subject to assessment of skills, job match and/or aptitude.

COMPENSATION AND BENEFITS:
  • The expected annual compensation range for this position is $57,000 - $70,000. Compensation offered to the selected candidate will vary depending on relevant knowledge, skills, training, experience, and market conditions.
  • Compensation Incentive Program
  • Retirement Benefits
  • Medical, Dental & Vision Plan
  • Health Savings Account & Flexible Spending Accounts
  • Life Insurance, Disability & Voluntary Benefits
  • Paid Time Off
  • Tuition Reimbursement
  • Professional Development Opportunities
  • Community Engagement, and more.

Employer will not sponsor Visas for position.

External applicants must apply online via www.allete.com/careers.

This job posting will be available for application until the position has been filled OR the posting close date noted herein, whichever date is earlier.

ALLETE is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, gender, gender identity, sexual orientation, age, status as a protected veteran, among other things, or status as a qualified individual with disability.

If you are an individual with disabilities who needs accommodation or you are having difficulty using our website to apply for employment, please contact our Human Resources department at 218-723-7553.

EEO/AA/F/M/Vet/Disabled

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