Portfolio Manager Job at NextEra Energy, Tallahassee, FL

  • NextEra Energy
  • Tallahassee, FL

Job Description

Requisition ID: 97765 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 DescriptionDeliver 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 OverviewThis 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 & ResponsibilitiesMonitors and reports Profit and Loss of existing transactions, including maintenance and creation of forward price curvesWorks with Origination and Structuring team to develop and close structured full requirement transactionsManages bidding processes for assigned marketsEnsures full requirement activity is accurately reportedCreates hedge strategies for deals and remains within approved targetsPerforms ad hoc analysis to support strategic analysis, decision making and market view, and reviews and optimizes portfolio positionsDevelops detailed presentations for presentation to internal and external customers, including executive level managementPerforms other job-related duties as assignedRequired QualificationsBachelor's DegreeExperience: 4+ yearsPreferred QualificationsMaster's DegreeNextEra Energy offers a wide range of benefits to support our employees and their eligible family members. Click here to learn more.Employee Group: ExemptEmployee Type: Full TimeJob Category: Energy TradingOrganization: NextEra Energy Marketing, LLC Relocation Provided: Yes, if applicableNextEra 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.

Job Tags

For contractors, Seasonal work, Local area, Relocation

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