Physical Operations Analyst, North American Gas

About Us

Engelhart was founded in 2013 by BTG Pactual Group as a commodities trading company. Our business model is “asset light” and highly diversified – giving us the ability to adapt effectively and nimbly to changing market conditions. We have assembled successful multidisciplinary teams, leveraging advanced fundamental analysis with deep quantitative and weather research capabilities.  Our activities are underpinned by strong risk management practices and by powerful technology and operational excellence. We have exceptional teams with diverse global backgrounds and decades of experience, and are driven by a highly collaborative culture, across products and competencies.

In 2024, Engelhart acquired Trailstone, a global energy trading and technology company. The acquisition provides us with new expertise, analytics and proprietary technology which is being used to provide risk management and optimisation services to help maximise the value of our clients’ renewable power. The acquisition also expanded Engelhart’s capabilities into physical natural gas across North America, a critical fuel to support the energy transition.

Our talented and experienced individuals work together according to its four company values: be bold, be collaborative, be proactive, be your best.

Physical Operations Analyst, Power & Gas–Stamford, CT

About the Role

This is an exciting opportunity to join our Physical Operations team as a Physical Power & Gas Back Office analyst. The Analyst will provide back-office support related to Engelhart’s Physical Power & Gas trading business within the US. This role involves, but is not limited to, confirmations, trade verification, invoices and settlement services with US counterparties, ISOs, gas pipelines, & daily collateral management.  Additionally, the analyst will engage in internal projects aimed at optimizing existing controls. This key role offers direct exposure to the Power & Gas trading desks, gas schedulers, risk department, IT, accounting, and other internal stakeholders.

Reporting to Head of Physical Operations, this position’s main duties include, but are not limited to:

• The settlement of multiple ISOs & US Physical Gas transactions
• Managing collateral requirements for multiple ISOs.
• Identifying discrepancies & resolving issues quickly
• Responsible for the daily creation and dispatch of paper confirmations, as well as the receipt and validation.
• Resolving any discrepancies in econfirm when needed
• Reconciling internal systems versus ISO settlement files 
• Verifying all settlement amounts have been charged/credited in accordance with ISO/RTO rules.
• Maintaining knowledge and expertise of ISO rules.
• Coordinating with RTO/ISO’s to validate and resolve any discrepancies in settlement invoices
• Monitoring & managing outstanding invoices & follow up on overdue payments
• Liaising with different stakeholders (market risk, ALM, operations, finance, IT, business managers)
• Proactively engaging in internal projects to enhance processes and controls. 

Qualifications:

• A bachelor’s degree, or equivalent academic or experience-led qualification, in the subjects of Accounting or Finance
• Minimum of 1-2 years of back-office experience in US Physical Power & Gas settlement & reconciliation is preferred
• Knowledge of some or all exchanges: CME, ICE, NODAL, and NGX.
• eConfirm experience
• Strong proficiency in Excel is a must. Other programming skills, such as VBA, Python and SQL, are an asset.
• Strong attention to detail
• Strong written and verbal communication skills
• Must be self-starting and willing and able to work independently in a dynamic organization under pressure, at times with tight deadlines and high expectations.
• Good interpersonal and teamwork skills with the ability to develop solid working relationships across functions.

What we offer

• Competitive compensation and participation in Engelhart’s discretionary bonus plan. 
• 20 days of annual holiday entitlement, excluding US public holidays.
• Robust benefits package including Medical, Dental, Vision, Life insurance, HSA funding, 401k match, and supplemental benefits partially subsidized by the Company.  

We believe in inclusivity and are therefore dedicated to ensuring all employees – across gender identity, race, ethnicity, sexual orientation, religion, life experience, background and more – feel welcome and included in the company. We promote diversity because we believe it is essential to our ability to think holistically.