Sr. Quantitative Analyst

NextEra Energy•Juno Beach, FL

5d•Onsite

About The Position

NextEra Energy Marketing is a leading electricity and natural gas marketer in North America, specializing in innovative energy strategies. The Valuation team is seeking a Quantitative Analyst to lead the development, implementation, and maintenance of financial, statistical, and commodity-focused models. This role requires a strong understanding of various mathematical and financial concepts, as well as coding and project management skills. The analyst will be responsible for the financial valuation of wholesale power derivatives, executing valuation processes for significant transactions, and completing regional forecasting assignments. The role also involves researching market regulations and performing ad hoc financial analysis. A key aspect of this position is fostering a culture of continuous improvement, integrity, and compliance, including training new team members.

Requirements

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.
Bachelor's Degree
4+ years of experience

Nice To Haves

Bachelor's in Accounting / Finance
Master's Degree
Doctorate in Business

Responsibilities

Lead the development, implementation, and maintenance of financial, statistical, and commodity-focused models, templates, programs, and processes for the Valuation team.
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.
Execute valuation process for transactions ranging from approximately 1MW to 1000MW with 3 to 36 month terms that yield revenues up to $700MM.
Value 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.
Execute regional forecasting assignments for energy, volatility, capacity, renewable energy credits and ancillary services.
Research laws, regulations, tariffs, and market procedures in a variety of markets to create models and forecast applicable costs.
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.
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.
Relentlessly pursues perfection, trains new team members, and creates a culture of continuous improvement upon the cornerstone of integrity and compliance.