NextEra Energy Resources

Asset Trading Manager

LocationJuno Beach, FL
Job Typefull_time

About This Job

Requisition ID:

87370

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

This position will lead a team with primary responsibility for the hedging of electric price congestion exposure for the NEER asset portfolio. After analyzing exposure and receiving approval of recommendations from generation and load business management, hedging is primarily executed via the Financial Transmission Rights (FTR) auctions in various markets including ERCOT, SPP, MISO, PJM, NYISO and CAISO. Through careful coordination with transmission, business management, and forward trading teams, this role will identify and analyze the fundamental drivers of grid congestion, such as outages and system topography changes. The team will leverage those drivers to develop quantitative tools to inform hedging strategies. In addition, the team will seek to maximize value of auction revenue rights (ARR) in various markets through thorough analysis and implementation of optimization strategies.

Furthermore, the team will also assist in the identification and quantification of optionality and risk in the NEER asset portfolio, as well as development and execution of innovative hedge strategies. The position will involve routine communication with senior management with respect to market trends and recommendations for the cost-effective mitigation of portfolio risk.

Job Duties & Responsibilities

Manage and assist in the development of quantitative tools to identify the fundamental drivers of grid congestion and quantify their potential impact
Analyze, recommend and execute hedge strategies to minimize electricity congestion risk in the NEER asset portfolio
Develop tools to monitor daily Value at Risk, position, and other risk-related measures
Coordinate to ensure sufficient credit to execute hedging via both ISO and bilateral markets
Preparation of presentations for senior management to simplify and communicate important market trends, risks and recommendations to mitigate portfolio risk
Learn and leverage tariff, ISO and other market information to act as a market expert to others in the organization
Assist in the identification and quantification of risk in the NEER asset portfolio, including recommending innovative scheduling and/or hedging plan to optimize
Performs other job-related duties as assigned


Preferred Qualifications:

Degree in engineering, science, physics, finance, accounting, economics, business other quantitative field
Prior experience with managing congestion and/or transmission
FTR auction experience
Deep understanding of power markets

Job Overview

This position is responsible for a team of financial traders involved in the identification and quantification of embedded optionality and development of innovative hedging approaches for an assigned portion of the company’s merchant asset portfolio. Employees in this role are responsible for managing a team that trades, hedges, and values various hedge alternatives via various commodities (power, gas, oil), various products (swaps, options, physical/financial) for a subset of the markets in which the company participates.

Job Duties & Responsibilities

Manages a team responsible for the hedge program for NextEra’s merchant asset portfolio
Guides team in trades, hedges, and values various hedge alternatives utilizing various commodities (power, gas, oil), various products (swaps, options, physical, financial) in all markets in which the company participates
Leads the team in complex market assessments utilizing production cost models and econometric models to determine the commercial viability of targeted energy projects, hedge strategies, or proprietary trade strategies on a macro or regional basis
Performs other job-related duties as assigned


Required Qualifications

Bachelor’s Degree
Experience: 5+ years


Preferred Qualifications

Master’s Degree
Supervisor/Management Experience: 2+ years

NextEra Energy offers a wide range of benefits to support our employees and their eligible family members. Click here

to learn more.

Employee Group:

Exempt

Employee Type:

Full Time

Job Category:

Energy Trading

Organization:

NextEra Energy Marketing, LLC

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.

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.

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