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Modeling Lead

Date: Jan 10, 2019

Location: Newark, NJ, US

Company: PSEG

Requisition ID:  53265 

Job Function/Category:  Finance / Accounting 

Employment Type:  Exempt Full Time 

This is an exciting time to be joining PSEG. Our commitments, which include safety, integrity, customer focus, and diversity & inclusion, are the fabric of our culture and help drive the success of our business. We are fortunate to have an outstanding workforce of diverse and highly skilled talent who move us forward in our operational excellence journey.  PSEG has more than 12,000 employees who are dedicated to the communities we serve and embody our vision: People providing Safe, Reliable, Economic and Greener Energy.


This position is responsible for coordinating and supervising the efforts of a group of Resource Planning Analysts and Sr. Resource Planning Analysts within PSEG Power’s Market Modeling and Analysis group in all activities related to business planning, revenue modeling and financial statements preparation. Develop, test, and regularly update the business plan models used by PSEG Power’s Market Modeling group. Continuously test reasonableness of model results, evaluate model accuracy, and strive to improve accuracy.  Coordinate the update of market data with the Market Analysis Manager and maintain consistency of market data across the various fundamental models used by the group. Coordinate with the team to insure that the most realistic unit inputs are used for units. Further develop the group’s ability to model and analyze the impact of environmental, regulatory, and transmission on power and emission markets.Track realized market prices for fuel, emission, energy and capacity. Regularly update fuel and emission price projections.As part of regular model updates, regularly forecast base case operations and margins for PSEG Power’s current and future units. Support evaluation of potential acquisitions as required. Help the group and PSEG Power develop a consensus forecast of electric energy and capacity prices, by analyzing model outputs and by comparing various in-house models to each other and to historical trends, outside forecasts and forward market prices. This individual will also be responsible for communicating the results of these analyses and defending conclusions in front of management.


Required Qualifications, Competencies, Education or Experience: 


  • Bachelors’ Degree
  • In-depth knowledge of Production Cost Modeling, Aurora, Promod and MarketPower models (or similar), Eastern Interconnect market, and market rules, particularly as they relate to unit commitment and dispatch.
  • Advanced knowledge of excel
  • Mature judgment to properly assess future environmental, regulatory, technological and economic landscape and uncertainties.
  • Demonstrated commitment to the pursuit of organizational excellence.Results-oriented, deadline-driven individual, with proven ability to coordinate the work of a team.
  • Organized and methodical individual, with very good attention to detail.


Desired Qualifications, Competencies, Education or Experience: 


  • Good knowledge of transmission.
  • Knowledge of Access
  • MBA or Advanced quantative degree





As an employee of PSE&G or PSEG Long Island, you should be aware that during storm restoration efforts, you may be required to perform functions outside of your routine duties and on a schedule that may be different from normal operations.

This site ( is strictly for candidates who are not currently PSEG employees. PSEG employees must apply for jobs internally through empower which can be accessed through the mypseg homepage by clicking on the employee center tab, then under the empower header, choose careers.

Business needs may cause PSEG to cancel or delay filling position at any time during the selection process

Public Service Enterprise Group (PSEG) is an equal opportunity employer, dedicated to a policy of non-discrimination in employment, including the hiring process, based on any legal protected characteristic. Legally protected characteristics included, race, color, religion, national origin, sex, age, marital status, sexual orientation, disability, or veteran status or any other characteristic protected by federal, state, or local law in locations where PSEG employs individuals.

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Nearest Major Market: Newark
Nearest Secondary Market: New York City

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