Costing and Power Supply Specialist

Entity: Supply, Trading & Shipping Job Family Group: Supply & Trading Group Job Description: About bp Our purpose is to bring together people, energy and markets to power and navigate a changing world. In a time of constant change and possibility we need new talent to pursue commercial opportunities, fueled by world-class insight and expertise. We’re always striving for more innovative digital solutions, sustainable outcomes and closer collaboration across our company and beyond, and you could be part of that too! About the team This team is filled with technical industry specialists, personable people, who are driven and capable to address all the complexities that come with working in Retail Power industry. In addition to costing & competitiveness, the team is also responsible for various commercial growth initiatives and unique products. We are the core of wider Retail Supply department driving improvements in execution, processes, and accuracy. Given wide breadth of the team's responsibilities, we touch a lot of different functional areas, including Sales, Operations, Finance and Risk. Key Accountabilities Manage and develop the retail costing process for the assigned US deregulated markets with a focus on competitiveness and business growth while mitigating key exposures Analyze and model cost component risks and premiums Develop, automate and maintain reporting of the cost components, strategies and methodologies that feed into pricing and gross margin models Track, optimize and explain PnL for non-tradable components Effectively manage the regulatory rate change process Track and understand market and state rules that impact retail costing Work closely with regulatory and compliance team when appropriate Cost and support development of new product initiatives Serve as a SME for other functional departments, including Pricing and Operations, in ISO component level costing and settlements Obtain quarterly sign off for all costing methodologies and prices with appropriate groups Build and support information library and data infrastructure Serve as key SME to Sales and other customers on costing related questions Track and analyze competitiveness feedback Produce market collateral to Sales, channel partners and customers Present in customer meetings and seminars as requested by Sales Develop knowledge and experience in all deregulated energy markets in NA Other duties and responsibilities as may arise and may be assigned by management Experience Requirements Mid level experience in a substantially similar role Undergraduate degree in Business, Economics, Statistics, quantitative Finance or Engineering Strong understanding of the retail power pricing process, including model development Understanding of cost structures of deregulated electric markets, including capacity, transmission, ancillary services and losses Proficient in collecting, querying, organizing and analyzing complex data, evaluating information and drawing logical conclusions Prior experience with working with ISO settlements data Advanced knowledge of Excel, VBA and SQL Leadership Requirements Show leadership, be able to work autonomously, be resourceful and well organized Be a self-starting individual with ability to independently lead project teams and enact business process change Work across multi-disciplinary functions Able to interact at all levels of the organization with ease Highly motivated, self-sufficient and enthusiastic individual who has strong desire to grow within the company Personal Profile Strong academics with technical or economics/business focus. Why Join bp At bp, we believe that our team is strengthened by diversity. We are committed to fostering an inclusive environment in which everyone is respected and treated fairly. There are many aspects of our employees’ lives that are meaningful, so we offer benefits to enable your work to fit with your life, including a generous paid parental leave policy and excellent retirement benefits, among others! We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation. Travel Requirement Negligible travel should be expected with this role Relocation Assistance: This role is not eligible for relocation Remote Type: This position is a hybrid of office/remote working Skills: Agreements and negotiations, Analytical Thinking, Business Acumen, Commercial Business Development, Continuous Learning, Customer promise execution, Customer service delivery excellence, Deal modelling and valuation, Developing