NextEra Energy Quantitative Analyst - Valuation in Juno Beach, Florida
Quantitative Analyst - Valuation
Date: Sep 7, 2021
Primary Location: Juno Beach, FL, US, 33408
Company: NextEra Energy
Requisition ID: 52257
is one of the largest wholesale generators of electric power and renewable energy from the wind and sun in North America.
Position Specific Description
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. Valuation process 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.
Executes regional forecasting assignments for energy, volatility, capacity, renewable energy credits and ancillary services. Maintains valuation models and templates for team use which may involve code development or maintenance. 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.
Employees 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.
Job Duties & 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
• High School Grad / GED
• Bachelor's Degree
• Master's Degree
• Experience:5+ years
• Effective Written Communications
• Effective Verbal Communications
• Bachelor's - Accounting / Finance
• Doctorate - Business
• Liability/Risk Analysis
• Lotus Notes
Employee Group: Exempt
Employee Type: Full Time
Job Category: Finance, Accounting & Business Analytics
Organization: NextEra Energy Marketing, LLC
Location: Juno Beach, Florida
Other Work Locations: Florida
Relocation Provided: Yes, if applicable
NextEra Energy is an Equal Opportunity Employer. Qualified applicants are considered for employment without regard to race, color, age, national origin, religion, marital status, sex, sexual orientation, gender identity, gender expression, genetics, disability, protected veteran status or any other basis prohibited by law. We are committed to a diverse and inclusive workplace.
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NextEra Energy will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information.
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