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Credit Analyst - Energy Mktg

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Date: Dec 31, 2021

Location(s): Juno Beach, FL, US, 33408

Company: NextEra Energy

Requisition ID:  57043 

 

NextEra Energy Resources is one of the largest wholesale generators of electric power and renewable energy from the wind and sun in North America.

 

Position Specific Description

In this role, you will be working within the credit department of the Trading Risk Management team that is responsible for the risk management and control of energy marketing and trading activities within NextEra Energy Resources. The department manages the counterparty credit risk arising from commodity purchase and sale transactions across the North American wholesale power, gas and oil markets.

 

Key responsibilities:

The successful candidate will have the opportunity to demonstrate their superior analytical skills across a range of responsibilities including

  • Credit analysis and review of credit limits extended to counterparts involved in energy trading and procurement across North American
  • Annual credit rating review process for over 1,000 counterparts across multiple industry verticals
  • Daily margining and collateral management of letters of credit, cash, surety bonds and guarantees
  • Management of collateral posting obligations across multiple ISOs in the North American energy markets
  • Execution of best-in-class controls over trading floor activities including credit, margin and liquidity limits
  • Developing and testing new process / risk reporting automations (i.e. Robotic Process Automations, Energy Trading System Upgrades, Data Development)
  • Review of legal documentation of energy trading contracts for credit provisions in master trading agreements (ISDAs, NAESBs etc.) and bespoke contracts
  • Management of letter of credit issuances through NextEra Energy Banking Credit Facilities
  • Delivers presentation materials, reporting and risk analysis for monthly Risk Committee
  • Enhances reporting infrastructure and risk management databases
  • Support month-end and quarter-end close process to generate timely and accurate results for subsequent consolidation and reporting to senior management
  • Support ad hoc reporting requirements and/or special projects, developing and improving upon data visualizations and reports
  • Preferred Qualifications
  • Bachelor’s Degree in Finance, Accounting, Financial Mathematics, Economics, Actuarial Science or another quantitative field.

 

Preferred Qualification

Master’s in a quantitative /business field, MBA or financial certification including CFA, ERP, CPA, CERA or FRM

  • In-depth knowledge of domestic electricity and natural gas markets
  • Knowledge of modelling and valuation of Mark-to-Market and Value-at-Risk
  • Knowledge of Risk Management, Accounting or Trading Analytics

 

Technical Competencies

  • Microsoft Office: Advanced Excel, VBA, PowerPoint
  • Business Intelligence: Power Pivot, Power BI, SAS Visual Analytics, Tableau, etc.

 

General Skills / Attributes

  • Passion for renewables / energy trading sector
  • Ability to work collaboratively with a variety of individuals in a variety of functions (e.g. traders, origination, accounting, management)
  • Highly self-motivated individual who can work long hours when needed
  • Must be able to deliver results under tight deadlines
  • Good problem-solving abilities

Job Overview

Employees in this role perform analytical modeling to assess and minimize the company's exposure to credit risk, negotiation of transactional documents, counterparty credit risk assessment and scoring. The successful candidate develops reliable and timely risk management solutions for a complex portfolio of credit, liquidity and contingents risks. Individuals in this role identify, analyze and mitigate current and emerging risks from the applicable portfolio. In this position, employees are responsible for supporting the Manager of Credit Risk, accountable for the credit and liquidity risk management of a dynamic portfolio of counterparts engaged in the North American wholesale energy markets for NextEra Energy Resources.

Job Duties & Responsibilities


•   Delivers robust fundamental credit risk analysis assessments of counterparts in a range of industry verticals including generating shadow ratings using best-in-class credit rating models
•   Proposes sensible credit limits for transactions with counterparts
•   Manages a portfolio of counterparts including exposure analysis, annual reviews, limit management, portfolio surveillance and derisking solutions
•   Partners with the commercial teams to negotiate transaction structures as well as master agreements
•   Works with a range of insurance companies / banks to deliver credit risk mitigation options to support business development
•   Performs other job-related duties as assigned

Required Qualifications


•  High School Grad / GED
•  Bachelor's or Equivalent Experience
•  Experience:3+ years

Preferred Qualifications

  • Bachelor's Degree
  • Chartered Financial Analyst  (CFA)

 

Employee Group:  Exempt
Employee Type:  Full Time
Job Category:  Energy Trading
Organization:  NextEra Energy Marketing, LLC 
Relocation Provided:  Yes, if applicable

 

Where permitted by applicable law, NextEra Energy requires all employees and new hires to be fully vaccinated for COVID-19 or be willing to receive the COVID-19 vaccination on or before the first day of employment.

 

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.

 

NextEra Energy provides reasonable accommodation in its application and selection process for qualified individuals, including accommodations related to compliance with conditional job offer requirements, consistent with federal, state, and local laws. Supporting medical or religious documentation will be required where applicable and permitted by applicable law. To request a reasonable accommodation, please send an e-mail to recruiting-coordinator.sharedmailbox@nexteraenergy.com, providing your name, telephone number and the best time for us to reach you. Alternatively, you may call 1-844-694-4748. Please do not use this line to inquire about your application status.

 

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.

 

NextEra Energy does not accept any unsolicited resumes or referrals from any third-party recruiting firms or agencies. Please see our policy for more information.

 


Nearest Major Market: Palm Beach
Nearest Secondary Market: Miami

Job Segment: Energy