Quantitative Analyst

NextEra Energy

About The Position

NextEra Energy Marketing is one of the nation’s leading electricity and natural gas marketers, and a key player in the energy markets in the United States and Canada. As a part of NextEra Energy Resources, we specialize in innovative energy strategies that maximize market value for our customers and stakeholders. Our team is skilled in market analysis, trading, risk management and delivering tailored customer solutions across North America. If you are a strategic thinker eager to make a significant impact in the fast-paced energy industry, join our team today. Position Specific Description Lead the development, implementation, and maintenance of financial, statistical, and commodity-focused models, templates, programs, and processes for the Valuation team. Relies on knowledge of algebra, statistics, probability, present value, portfolio theory, risk and return, discounted cash flows, comparable analysis, energy markets, logic, binomial tree modeling, and calculus. Leverages knowledge of coding, information systems, total quality management, and project management to effectively and efficiently deliver a system of valuation. Deliver sound financial valuation of wholesale power derivatives, including load following, deterministic, and block energy products, mostly bundled with capacity, renewable energy credits, ancillary services, and other products to serve residential, commercial, industrial, and municipal customers. Executes valuation process for transactions ranging from approximately 1MW to 1000MW with 3 to 36 month terms that yield revenues up to $700MM. Values transactions by evaluating power futures or fundamental commodity estimates to create forecasts based on historical data analysis, multiple regression, number theory, logic, Monte Carlo simulations, scenario analysis, and proprietary models. Executes regional forecasting assignments for energy, volatility, capacity, renewable energy credits and ancillary services. Researches laws, regulations, tariffs, and market procedures in a variety of markets to create models and forecast applicable costs. May complete ad hoc analysis of forwards, futures, options, interest rates, market conditions, exotic structures, weather products, and other financial or commercial assignments required to achieve group objectives. Relentlessly pursues perfection, trains new team members, and creates a culture of continuous improvement upon the cornerstone of integrity and compliance.Job OverviewEmployees in this role develop models, price energy derivatives, design and perform quantitative studies and analyses of spot/forward prices and volatilities for making pricing, trading, and risk management decisions. This position assists in the development of core algorithms and models to support trading, origination, and asset optimization decisions.

Requirements

Bachelor's Degree
Experience: 2+ years

Nice To Haves

Bachelor's - Accounting / Finance
Master's Degree

Responsibilities

Develops and improves upon mathematical models and translates algorithms into code
Works with origination, risk management and trading to interpret valuations provided by models and responds to intra-day trading requests to price and evaluate structured transactions
Assists development of energy price forecast, forward curve, and volatility models
Designs and constructs risk management tools used in evaluating company's risk profile and exposure levels
Performs other job-related duties as assigned