Credit Analyst

Requisition ID: 90924

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

The Trading Risk Management team is seeking a talented, experienced Credit Risk Analyst to join their group. The team supports the commodity trading activities of NextEra Energy Marketing and FPL. The successful candidate will be proficient in financial statement analysis, understand the drivers of credit risk rating models, and understand the credit exposure generated by transactions across different energy related commodities.

This role reports to the Director of Trading Credit Risk Management and is based at NextEra Energy’s headquarters in beautiful Juno Beach, FL. NextEra is uniquely positioned in the US power markets, especially in renewables, and continues to grow. While we expect the successful candidate to make a commitment to this role, the company offers extensive career opportunities at this location.

Job Duties & Responsibilities

- Analyze counterparty credit risk profiles using financial analysis, rating agency data, and internal credit rating models in order to establish appropriate counterparty level credit ratings and exposure limits

- Perform periodic reviews for all counterparties within an assigned portfolio, looking for changes in credit risk profile and adjusting internal limits and trading restrictions as needed

- Monitor credit exposure across the existing portfolio to ensure compliance versus existing limits and identifying and escalating breaches and emerging risks as necessary up to senior management

- Partner with commercial, legal, market risk, and other internal teams to properly evaluate the credit risk exposure within transactions and structure agreements with credit terms that best protect the company

- Enforce existing risk policies and procedures in order to minimize credit, liquidity, and contingent risks to NextEra Energy

- Significant involvement in month-, quarter-, and year-end closing processes

- Conform to SOX controls processes and innovate controls improvements

- While this role has no direct reports, mentoring junior staff is an important aspect of this role

- Work closely with other risk functions to ensure a holistic approach to risk management

- Support systems upgrades, implementations, and automation projects

- Foster a risk aware culture, model high ethical standards, and be a champion for the company’s values of excellence, doing the right thing, and respect

Ideal Qualifications

- Proven success on a leading power and gas trading floor as a risk manager, product controller, trading operations, or related roles

- Knowledge of power and gas markets, as well as other energy and traded markets

- Understanding of physical trading, derivatives, and financial products

- Experience with financial statement analysis and understanding of credit risk metrics

- Ability to analyze and understand changes in credit exposure as well as potential credit exposure calculations

- Understanding of credit terms within energy master agreements such as ISDAs, NAESBs, EEIs

- Experience with Energy Trading Risk Management Systems, preference for implementation experience

- Degree in Finance, Accounting, Economics, or a related field; professional certification CPA or CFA a plus

- Proficiency with MS Excel and SQL; experience with PowerBI a plus

- Collegiality and truly good interpersonal skills balanced with a disciplined risk management approach

- Professional passionate about risk management

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: 2+ years

Preferred Qualifications

- Bachelor's Degree

- Chartered Financial Analyst (CFA)

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.