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Nodal Power Modeling Consulting Principal NA

About the Employer | www.ihsmarkit.com
Annual Salary

Job Description

IHS Markit (NASDAQ: INFO) is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and government, improving their operational efficiency and providing deep insights that lead to well-informed, confident decisions. IHS Markit has more than 50,000 key business and government customers, including 80 percent of the Fortune Global 500 and the world’s leading financial institutions. Headquartered in London, IHS Markit is committed to sustainable, profitable growth.

Working under limited supervision, the position requires a strong, experienced analyst (3-5 years of experience, minimum) to work on our North American consulting team, focusing on nodal electricity markets and transmission analysis. This position is a key role within the consulting function. When successful in this role, you can expect to advance to a more senior position with broader responsibility for consulting delivery, project design, and ultimately business development. You will work alongside other quantitative modelers focused on North American power, including modeling and market simulations, demand forecasting, general market/RTO analysis, and renewables/policy modeling.

Specific Job Duties:

  • Update and use the AURORAxmp power market simulation model and interface to address client questions, typically related to nodal price forecasting, risk assessment, portfolio valuation, curtailment analysis, and transmission economics

  • Success in this role would soon result in being able to manage or independently progress small- or medium-sized consulting projects

  • Provide quality control for analysis and deliverable content

  • Support the senior consulting staff development of thought-leading research papers

  • Continuously develop subject matter expertise in a particular/designated subject or focus area (e.g., renewables integration); staying informed on current industry trends to broaden and build upon subject matter knowledge

  • Communicate with clients by phone and email, make presentations to clients, and travel to meet clients and make presentations, as needed, as candidate evolves in role

Education & Experience:

  • Bachelor’s degree in engineering, mathematics, computer science, or operations research required

  • Candidates with a Master’s degree or Ph.D. in one of the above-listed disciplines are highly preferred

  • Minimum of 5 years directly related experience traditionally acquired by working in industry, consulting, or with an ISO/RTO.

  • Expertise in calibrating nodal power models and forecasting nodal power prices in support of due diligence

  • Expertise in evaluating the economics of proposed transmission lines, including adjusted production costs

  • Wind/solar curtailment analysis

Other skills:

  • This position requires a strong desire to work with numbers, a commitment to consistent and accurate quantitative analysis, and a desire to continually improve analytical processes

  • This position requires a self-starter and highly motivated individual

  • This position requires an interest and commitment to energy issues, particularly electricity/power and nodal markets

  • Applicants for this position should be versatile, adaptable team players

  • Knowledge of some or all of the following: electricity markets, FERC regulations, and evolving regional greenhouse gas policies

  • Use and application of nodal market simulation models (e.g., AURORAxmp, PROMOD IV, MAPS, or PLEXOS) is highly desirable but not required. AURORAxmp nodal experience preferred

  • Demonstrated expertise with PSS/E or PowerWorld

  • Aptitude and experience with large databases and working on quantitative problems using multiple software packages is necessary

  • Aptitude/interest in learning new computer software

  • The position requires strong analytical skills. Ability to think quantitatively and qualitatively in forming judgments. Ability to advance analysis with incomplete inputs and knowledge also required

  • Demonstrated effective verbal and written communication skills in a deadline-oriented environment

  • Solid problem-solving, judgment and decision-making skills for activities of moderate to high complexity

  • A keen attention to detail and highly effective organization and prioritization skills, including the ability to stay on task and maintain focus in a fast-paced environment

  • Must have the ability to work independently with limited supervision, but also to understand the needs of other consultants and researchers, and the timing of those needs

  • Advanced proficiency with MS Office applications required (Excel, Word and PowerPoint); experience with databases and VBA or another language preferred

  • Significant experience with SQL is highly desirable. Knowledge of Python also desirable

  • Experience with T-SQL preferred, including the ability to quickly construct simple queries in SQL Server Management Studio or similar tools and to understand and improve existing stored procedures and database elements

  • This position may be required to travel up to 20%; for events, round tables, client visits, business development, and other business-related needs

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Inclusion and diversity are critical to the success of IHS Markit, and we actively encourage applications from people of all backgrounds. We are committed to providing equal employment opportunity without regard to race, color, religion, sex, sexual orientation, gender identity, age, national origin, disability, status as a protected veteran, or any other protected category. For more information on the many ways in which we enthusiastically support inclusion and diversity efforts for both candidates and employees, please access our Inclusion & Diversity Statement here.

We are proud to provide reasonable accommodations to applicants with disabilities. If you are interested in applying for employment with IHS Markit and need special assistance or an accommodation to use our website or to apply for a position, please contact or call +1 212 849 0399. Determination on requests for reasonable accommodation are considered on a case-by-case basis.This contact information (email and phone) is intended for application assistance and accommodation requests only. We are unable to accept resumes or provide information about application status through the phone number or email address above. Resumes are only accepted through the online application process, and only qualified candidates will receive consideration and follow-up.

IHS Markit maintains a substance-free workplace; employees may be asked to submit to a drug test (where permitted by law). In addition, as a federal contractor in the United States, the company participates in the E-Verify Program to confirm eligibility to work.

For information please click on the following links:

IHS Markit Business Code of Conduct
Right to Work
EEO is the Law
EEO is the Law Supplement
Pay Transparency

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