Trading & Portfolio Management Division / Portfolio Management Section
Reports to: Head of Division, Trading & Portfolio Management

You will be responsible for managing Senoko’s portfolio of assets, comprising of generation capacity, gas contracts, electricity sales contracts and financial hedges to achieve optimum financial performance.

Your role:

1. Manage Senoko’s portfolio position
   • Maintain a central record of Senoko’s portfolio positions. Namely, gas contracts, generation capabilities, electricity sales, electricity futures positions and financial hedges
   • Monitor the total contract position versus generation forecasts, hedge cover ratios, gas take-or-pay coverage and identify opportunities and risks
   • Develop and recommend strategies for optimising Senoko’s contract position as a way of enhancing gross margins, with specific reference to retail targets, timing of retail contract build-up and CFD opportunities
   • Seek approval to execute CFD with external Generation companies or Retailers and prepare evaluation of deal performance
   • Liaise with the retail team on large contracts and make recommendations on contract proposals
   • Assist RMO to develop and implement energy market risk management framework, policies and strategy with specific reference to hedge cover ratios, fuel hedging strategies, exposures and mark to market
   • Coordinate energy market activities and information

2. Develop and execute hedging strategies
   • Prepare robust forecasts of physical and financial fuel hedge requirements and/or exposures
   • Prepare and execute fuel, electricity futures and FX hedge strategies to manage portfolio risk exposures
   • Keep abreast with fuel supply and demand fundamentals, global/regional geo-political developments and market dynamics
   • Ensure deal execution is in compliance with internal risk controls

3. Retail pricing
   • Develop and maintain the transfer pricing methodology for transactions between the TPM and Retail divisions
   • Be aware of developments in the energy market that could influence retail pricing
   • Quantify and assess the impact of risk premiums on retail contracts
   • Contribute to product innovation and design by calculating risk reward payoff for potential new product launches

4. Governance and Policy compliance
   • Prepare, implement and improve procedures
   • Monitor and report compliance
   • Participate in internal and external control processes
   • Lead preparation of Portfolio Management’s submissions to the Hedge Committee and Risk Committee, and make specific recommendations on contract levels and retail price targets
   • Ensure that the Hedge Committee conducts its business efficiently
   • Be aware of regulatory developments and impact on the portfolio 

Your profile:

• University degree in Finance/ Economics/ Engineering or equivalent from a recognized University.
• Minimum 8 years of professional experience in energy markets, portfolio and/or risk management
• Preference for experience in liberalised wholesale electricity and gas market environments
• Understand financial risks associated with physical and/or physical portfolio of assets, sales contracts and hedges.

Attributes:

• An organised and analytical personality with both qualitative and quantitative skills.
• A results-oriented team leader with excellent social and communication skills.

Operations & Maintenance Division / Engineering (Efficiency) Section
Reports to: Cluster Lead, Efficiency

To carry out plant performance monitoring and plant testing to track plant performance status and identify performance shortfalls as well as improvement opportunities for necessary follow-up actions, so as to ensure that generation plants and equipment are operating at optimal output and efficiency.

Your role:

1. Help ensure key generation plants and equipment like Gas Turbines, Steam Turbines, Heat Recovery Steam Generators (HRSG) are operating at optimal output, efficiency and reliability
   • Undertake plant monitoring and testing routines including the use of Gatecycle thermodynamics software, baseload performance testing etc.
   • Identify performance shortfalls

2. Identify and justify plant upgrades and improvement projects for key generation plants and equipment like Gas Turbines, Steam Turbines, Heat Recovery Steam Generators (HRSG)
   • Identify Energy Efficiency improvement opportunities for possible implementation
   • Carry out engineering studies/plant trials on technical feasibility of proposed plant modifications / enhancements / optimizations
   • Help justify economically all upgrades/modifications from performance perspective

3. Plant performance reporting
   • To extract relevant plant data from PI system for trend monitoring
   • To analyze data / trends to draw meaningful observations

4. Help ensure Senoko compliance to regulatory requirements under ECA (Energy Conservation Act)
   • Collate necessary data from various sources including Ops generation returns, Environment GHG data, Energy Efficiency improvement projects, Finance gas invoices etc.
   • Arrange for yearly NEA site audit

5. Generation of Monthly Energy Conversion Factor for Gas/Energy Trading and Portfolio Management
   • To generate accurate Conversion Factor, with outliers and defective data removed for Gas Trading, Energy Trading, Portfolio Management teams
   • To obtain a CF of high degree of accuracy for Senoko Plants, so that they could be used as a good reference for the Company budget / portfolio optimization purposes

Your profile:

• Bachelor degree in recognized university (alternatively diploma with minimum 5 years of relevant experience) in Electrical or Mechanical or Process Engineering
• Preferably minimum 3 years’ experience in operation and maintenance environment in power plant or chemical industry
• Understand the overall maintenance and engineering practices in a power station
• Knowledge in thermodynamics plant performance software is an advantage
• Communication skills (spoken and written) for internal and external stakeholders management
• Analytical capabilities to analyze trends and patterns

Operations & Maintenance Division / Engineering (Reliability) Section
Reports to: Cluster Lead, Reliability

To work with lead-engineers and conduct RCA meetings for effective brainstorming, analysis and recommendations, perform data analysis through condition monitoring and recommend appropriate preventive and corrective actions. Modify existing planned maintenance regime based on equipment reliability monitoring observations to achieve optimized maintenance that result in increased reliability and availability.

Your role:

1. Root Cause Analysis (RCA) of process plant forced outages and near misses
   • Gather facts and analyze circumstances in accordance with established RCA methodology.
   • Coordinate and lead investigation, troubleshooting in resolving plant issues (along with Electrical, Mechanical and I&C lead engineers).

2. Condition Monitoring (CM)
   • Using various CM techniques to monitor equipment well-being.
   • Analyze data and recommend appropriate preventive and corrective actions.

3. Maintenance Strategies
   • Jointly undertake studies (with Maintenance team) on various maintenance strategies like BM, PM and PdM and how each can be used for which asset.

4. Preventive Maintenance Evaluation
   • Collate information on condition of equipment to supplement evaluation and optimization of existing PM.
   • Make suggestions on fine tuning of PM.

5. Assist Reliability lead in administration of LTSA Contract (GE)
   • Assist Cluster Lead in coordinating LTSA activities including communicating technical bulletins to various stakeholders and tracking of action items till closure.

6. Input RCA recommendation into CMMS
   • Tracking of the implementation status of the recommended corrective and preventive action using CMMS to ensure compliance; Analyze results to evaluate effectiveness.

7. Undertake Engineering projects as assigned from time to time

Your profile:

• Bachelor degree in recognized university (alternatively diploma with minimum 5 years of relevant experience) in Electrical or Mechanical or Process Engineering
• Minimum 4 years’ experience in both operation / maintenance / technical environment and disciplines preferably in combined cycle power plant.
• Understand the overall maintenance and engineering practices in a power station
• Prior exposed as maintenance troubleshooter / fact-finding
• Knowledge in CMMS software for preventive maintenance
• Good Communication skills (spoken and written) and internal and external stakeholders management
• Competency in analyzing trends and patterns
• Site management experience