Portfolio Manager

NextEra Energy Inc

Juno Beach, FL

JOB DETAILS
SKILLS
Accounting Standards and Regulations, Algebra, Alternative Energy, Analysis Skills, Bidding, Comparative Analysis, Continuous Improvement, Cost Forecasting, Credit Risk, Data Analysis, Derivatives, Discounted Cash Flow (DCF), Economics, Electricity, Energy Efficiency, Financial Analysis, Financial Reporting, Futures, Game Theory, Hedge Funds, Interest Rates, Investment Management, Legal, Liquidity, Market Analysis, Marketing, Natural Gas, Performance Analysis, Power Transmission, Probability Theory, Process Management, Profit & Loss, Profit & Loss Management, Recruiting/Staffing Agency, Regulations, Regulatory Submissions, Risk, Risk Analysis, Risk Management, Staff Requirements, Statistics, Strategic Analysis, Strategic Planning, Team Lead/Manager, Variance Analysis, Wholesale Industry
LOCATION
Juno Beach, FL
POSTED
3 days ago

Requisition ID: 95397

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

Deliver adjusted earnings targets by managing a portfolio of physical and financial wholesale power derivatives including load following, deterministic, and block energy products typically bundled with capacity, renewable energy credits, ancillary services, and other products to serve residential, commercial, industrial, and municipal customers. Leads deal team for transactions typically ranging from approximately 1MW to 1000MW with 3 to 36 month terms that yield revenues up to $700MM; team includes traders from power, transmission, mid-marketing, green, and options desks as well as representatives from valuation, legal, credit, risk, accounting, and regulatory/legislative affairs. Serves as the front office commercial representative with customers as well as regulatory/legislative bodies and has responsibility for all aspects of the deal including inception, milestones, approvals, execution, and booking. Partners with Origination on structured transactions to maximize value, identify risks, and implement contractual protections.

Manages P&L for assigned transactions including the development of value enhancing and hedging strategies, execution of trades, forecasting of costs, mark-to-market valuations as well as variance reporting while utilizing accounting knowledge. Manages assigned regional portfolio management tasks including valuation of seasonal hedging products, the annual delivery of renewable energy credits, execution of regulatory filings, and the mark-to market of energy, capacity, ancillaries, and renewable energy credits. Role leverages knowledge of historical data analysis, scenario analysis, algebra, statistics, probability, portfolio theory, risk and return, present value, discounted cash flows, forwards, futures, options, interest rates, liquidity, credit, game theory, logic, binomial tree modeling, comparable analysis, market efficiency theory, energy markets, and economics to maximize value. May complete ad hoc analysis of 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.

Job Overview

This position identifies, coordinates and leads the bidding process for standard and non-standard full requirement transactions. Employees in this role manage profit and loss for a portion of the full requirements portfolio by monitoring performance, being aware of market rules and conditions and optimizing hedge and deal positions.

Job Duties & Responsibilities

  • Monitors and reports Profit and Loss of existing transactions, including maintenance and creation of forward price curves
  • Works with Origination and Structuring team to develop and close structured full requirement transactions
  • Manages bidding processes for assigned markets
  • Ensures full requirement activity is accurately reported
  • Creates hedge strategies for deals and remains within approved targets
  • Performs ad hoc analysis to support strategic analysis, decision making and market view, and reviews and optimizes portfolio positions
  • Develops detailed presentations for presentation to internal and external customers, including executive level management
  • Performs other job-related duties as assigned

Required Qualifications

  • Bachelors Degree
  • Experience: 4+ years

Preferred Qualifications

  • Masters Degree

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.

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.

About the Company

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NextEra Energy Inc

NextEra Energy, Inc. (NYSE: NEE) is a leading clean energy company with consolidated revenues of approximately $17.5 billion and approximately 14,300 employees in 27 states and Canada as of year-end 2015, as well as approximately 45,000 megawatts of generating capacity, which includes megawatts associated with noncontrolling interests related to NextEra Energy Partners, LP (NYSE: NEP) as of April 2016. Headquartered in Juno Beach, Fla., NextEra Energy’s principal subsidiaries are Florida Power & Light Company, which serves more than 4.8 million customer accounts in Florida and is one of the largest rate-regulated electric utilities in the United States, and NextEra Energy Resources, LLC, which, together with its affiliated entities, is the world’s largest generator of renewable energy from the wind and sun. Through its subsidiaries, NextEra Energy generates clean, emissions-free electricity from eight commercial nuclear power units in Florida, New Hampshire, Iowa and Wisconsin. A Fortune 200 company and included in the S&P 100 index, NextEra Energy has been recognized often by third parties for its efforts in sustainability, corporate responsibility, ethics and compliance, and diversity, and has been ranked No. 1 in the electric and gas utilities industry in Fortune’s 2016 list of “World's Most Admired Companies.”

COMPANY SIZE
10,000 employees or more
INDUSTRY
Energy and Utilities
FOUNDED
1925
WEBSITE
http://www.nexteraenergy.com/