Marwaha Resume
- 1. Gagan Deep Singh Marwaha<br />8667 Millstream Drive, Richmond VA 23228 USA, gaganmarwaha1@gmail.com, (804) 916-9272<br /> <br />Objective<br />To secure a career, as a trader, in commodities, futures or hedging arena by utilizing my financial strategies and talent. To work for a company where a solid work ethic, energy, innovative strategies and experience are rewarded with opportunity. <br />Summary of Skills<br />Financial professional with extensive trading, origination, managerial and scheduling experience in commodities to include power, coal, soybean, rice, wheat, freight and oil. Managed risk associated with bulk origination, hedging, buying forward, executing bilateral deals and speculative trading resulting in profits for the company. Created and developed successful trading strategies to intellectually manage company’s position. Solid analytical skills to triumph the markets by accurately predicting future market conditions. Proficient and effective manager of teams. Confident, self starter, highly motivated individual possessing a hard work ethic and innovative ideas. Always open to accepting challenges and learning from others. <br /> <br />Accomplishments<br />Comprehensive expertise with two way settlement market, nodal trading, energy flows, transmission, congestion, fuel cost, weather conditions, load and their effects on the market. Familiar with transmission limitations and its effect on energy prices. Monitor more than 100 nodes, including west hub, at a time for Dominion. From my experience I can predict the trend, behavior and flow of the market.
- 2. Initiated physical power trades from North East and Mid Atlantic region. Designed and executed NERC E-tags and transmission purchase. Proficient in OATI and OASIS.
- 3. 100% performance rating to trade and manage position, at Dominion, to achieve my target or goal for the year.
- 4. PJM Certified Trader. Well comprehend in NERC procedures and policies.
- 5. Graph the tactic to buy/sell power for Bath County, biggest hydro pump storage facility in the country with installed capacity of 3,000 MW, to maximize real time profit and to serve our load. Pumping strategy affected day ahead margin by $500K
- 6. Elaborate a new plan to procure and hedge commodities like wheat, rice, and soybean. Profits grow by 43% as compared to last five years.
- 7. Predicted escalation in Asian markets and demand for rice, soybean and wheat domestically and internationally, expanded company’s procurement and export business by 30%. Current profit $200,000 annually.
- 8. Enhanced incompetent scheduling plan for the company. Traded freight in OTC and forward market. Scheduling cost reduced by 28% with a profit of $250,000 in two years.Professional Work Experience <br />Dominion Virginia Power, Richmond, VA (06/2006-Present) <br />Hourly Trader, Real Time (Energy Supply), 02/2007-Present <br />Develop and execute trading and risk mitigation strategies to enhance portfolio value.
- 9. Manage short-term energy and reserve position of generation assets, 18,000 MW, (Coal, Oil, Gas, Hydro, Nuclear, and Pump Storage) and customer load of 17,000 MW to optimize portfolio value.
- 10. Monitor wholesale markets to identify arbitrage opportunities.
- 11. Optimize real time profit margin from $31 billion power generation assets.
- 12. Renovate existing trading strategies to hedge and manage our intraday position.
- 13. Analyze transmission rights, congestion, LMP, load, weather and fuel cost to economically dispatch physical generation.
- 14. Coordinate with fuel procurement to ensure fuel purchases and nominations are coordinated with expected commitment and dispatch of assets. Fuel Trading Analyst II, (Oil and Coal), 02/2007-02/2008<br />Forecasted future strip prices and spot prices.
- 15. Assisted traders in developing forward strategies to hedge Dominion’s coal procurement for $800 Million.
- 16. Developed and managed coal inventory, quality, pricing and budgeting reports.
- 17. Developed strategies to compare Central Appalachian coal with foreign coal, with respect to BTU, SO2, ash content and primarily dollar/ton and transportation cost. It helped the traders to take economical decision within budget.
- 18. Advised threshold price to lock in forward contracts.
- 19. Coordinated development of financial models. Intern, Fuel Contracts, 06/2006-12/2006 <br />Sharpened my acquaintance about coal contracts and my negotiation skills.<br />Efficiently handled the solicitation of the coal contracts.<br />Pushed, greater than before, efficient communication with counter parties and with our accounts payable department.<br />Redesigned and reorganized the coal contracts data and investigated for missing coal deliveries. Discovered $200,000 in pending coal deliveries. <br />Mahant Overseas, Amritsar, Punjab, India (07/2000-07/2005)<br />Manager (Purchase/Trade- Oil, Wheat, Rice, Soybean and Sugar), 08/2003-07/2005<br />Lead the procurement team of more than 30 employees.
- 20. Planned and implemented new strategies, policies and thoughts to economically manage our position, imports and exports. Profits grow by 43%.
- 21. Initiated and supervised the merger between my company and neighboring small cooperative’s procurement business. Procurement business grows by 30%.
- 22. Responsible to keep up with the procurement budget and track financial performances on weekly basis.
- 23. Discussed results with board members and suggested new and better ways to do business.
- 24. Promoted high employee morale and one team concept. Transportation Specialist (Oil, Wheat, Soy bean Rice and Sugar), 07/2000-06/2003<br />Scheduled shipments by sea, rail and road to import and export oil, rice, sugar and wheat.
- 25. Cost efficient management of transportation and insurance contracts.
- 26. Pioneer a plan to manage/trade freight. Strategy reduced cost by 28%.
- 27. Analytically supported my idea to purchase or lease our own storage houses. It was part of the strategy to trade freight.
- 28. Improved communication with supply and procurement department for efficient and timely shipping of the products.
- 29. Timely payment of the invoices to fortify business relations with counter parties.
- 30. Recorded all transactions using spreadsheet.Education<br />Virginia Commonwealth University, Richmond, VA<br />Master of Science in Business, Majors: Finance: currently enrolled.<br />Virginia Commonwealth University, Richmond, VA<br />Masters of Business Administration, Major: Finance, May, 2007<br />Allahabad University, Allahabad, India<br />Post graduate Degree in Financial Management and Accounting, Majors: Finance and Accounting, August 2004<br />Guru Nanakdev University, Punjab, India<br />Bachelors of Science in Economics, Major: Economics, May 2003 <br />Technology Skills<br />Microsoft certified professional. High proficiency using computer and working with Microsoft packages like MS Word, MS Front Page, MS Excel, and MS Access. High comfort level with Windows Vista, XP, 2000 server, 2000 and 98. Developed a website using MS Front Page and Photoshop. Professional technology certificates from STG institute, India. <br />