Jay Prendergast

Bought a dilapidated building and remodeled it into a successful Bar & Grill combining excellent Burgers and Wings with local Craft Beers.

• Successfully Traded Short-Term PJM and NYISO with a focus on RT and Bal Day as well as NYISO Virtual Market.
• Submitted Up To Congestion Bids as well as Inc\Dec Bids\Offers on a Daily Basis.
• Monitored trading activity and positions consistently throughout shift.
• Focused diligently on price Action and Risk Management.
• Worked with and communicated frequently with Staff Meteorologist to develop Short-term strategies to take advantage of market inefficiencies related to changes in weather forecast models.

• East Coast Real-Time Desk focusing on PJM and NYISO.
• Monitored trading activity and positions consistently throughout shift.
• Worked with back office to solve trade breaks, position and activity reconciliation exceptions.

• Scheduled the firms assets into the PJM Day Ahead Marketplace.
• Assessed hourly market conditions to look for hedge and arbitrage opportunities.
• Communicated up to date market analysis such as plant outages with portfolio managers at the beginning and end to each 12 Hour Shift.
• Discussed trading strategies with portfolio managers to highlight current market sentiment, price points of resistance and support and liquidity characteristics of positions.

• Scheduled the firms power assets in the PJM and MISO Energy Markets.
• Conducted thorough reviews of operations to devise and deploy improvement strategies.
• Evaluated current processes to develop improvement plans.

• Reviewed positions and compiled reports on a daily basis to ensure adherence to company risk limits such as VaR.
• Implemented financial risk management policies, limits and strategies that complied with standards and strategic imperatives of organization.
• Coordinated ongoing efforts to strengthen risk culture and fine-tuned communication between front, middle and back office.
• Communicated and coffered with senior management daily.