- Confirmation Coordination: Daily coordination and communication with the front office to facilitate confirmation creation and amendments for unique and highly complex deals.
- Transaction Accuracy: Ensure that all transactions are accurately captured in Risk systems in a timely manner, adhering to legal and regulatory requirements.
- Counterparty Engagement: Engage with external counterparties to legally confirm transactions and actively work towards resolving disputes when necessary.
- Legal Document Experience: Seasoned professional with a proven record conducting comprehensive reviews of legal documents, including ISDAs, NAESBs, EEIs, related collateral agreements (CSA), and trade confirmations, to ensure compliance and minimize legal risks.
- Reporting and Data Visualization: Develop and enhance the team's reporting infrastructure and data visualization capabilities to support informed decision-making.
- Risk Assessment: Collaborate with origination, risk management, trading, legal, and accounting departments to assess and evaluate risks associated with potential transactions, new business initiatives, and onboarding new counterparties. This includes the filing of necessary documentation for proper counterparty integration.
- Proven derivative and or legal contract experience.
- Proven success in confirmations management in a trading firm, preferably in commodities, 5+ years.
- Strong experience with master agreements ISDAs, NAESBs, EEIs, and related collateral agreements (CSA).
- Sound understanding of physical trading and derivatives and the trade lifecycle.
- Proficiency in Excel, SQL, PowerBI, and Python is a significant advantage.
- Experience with Endure or other ETRM a plus.
- Degree in a business or legal discipline.
- Conducts daily transaction exposure analysis and review including troubleshooting and investigation of Profit and Loss and Value at Risk movements
- Ensures accuracy of pricing data within the Risk systems on a daily, monthly, and quarterly basis
- Performs daily deal verification procedures and independent price verification at regular intervals
- Coordinates with the Systems team to complete new pricing requests and enhance processes and reporting tools
- Communicates price disclosures to appropriate parties
- Completes quarter-end and Sarbanes-Oxley (SOX) related processes
- Works with origination and other front office groups to interpret valuations, respond to trader requests, and evaluate structured transactions
- Prepares presentations for management to explain and review risks and trading strategies
- Supports medium and long term projects within the group aimed at increasing efficiencies and coverage of the controls
- Discusses the risk profiles and any changes to the trade book strategies with management on a weekly basis
- Performs other job-related duties as assigned
- Bachelor's Degree
- Experience: 8+ years
- None
Principal Analyst Contracts and Confirmations - Juno Beach, United States - NextEra Energy
Description
Requisition ID: 79445
NextEra Energy Marketing is one of the nation's leading electricity and natural gas marketers. We are responsible for electricity and fuel management for all of NextEra Energy Resources' generation fleet, which includes the largest renewable energy portfolio in North America. We also provide marketing and trading services to electric and gas utilities, municipalities, cooperatives and other load-serving entities, as well as to owners of electric generation facilities. Are you interested in customizing power and gas solutions to meet each client's needs? Join our world-class team today
Position Specific Description
We seek a highly skilled and legally astute Principal Analyst Contracts and Confirmations to join our Confirmations team. The Principal Analyst Contracts and Confirmations will utilize quantitative methods and tools to discern insights and enhance risk management decision-making processes. This position involves daily coordination and communication with the front office, extensive engagement with external counterparties, and in-depth reviews of legal documents. The successful candidate will play a critical role in ensuring the legal confirmation of transactions and mitigating risks associated with complex deals. The team supports NextEra Energy Marketing & FPL across commodity groups in the derivative & physical space.
Core functions of the Confirmations Team include:
Qualifications:
Job Overview
This position is responsible for ensuring the energy marketing functions are operating in a controlled environment and within established risk management limits. Employees in this role review daily trading position exposures, including time and location spreads, cross commodity arbitrage, options, and hedging activity against approved limits. This position works with the Front Office and Risk teams to understand new and existing trading strategies for risk review and reporting and ensures correct application of pricing methodologies.
Job Duties & Responsibilities
Required Qualifications
Preferred Qualifications
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. 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-, providing your name, telephone number and the best time for us to reach you. Alternatively, you may call Please do not use this line to inquire about your application status.
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