Confirmations Analyst

Date: Feb 19, 2025

Company: NextEra Energy

Requisition ID: 85846

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 Trading Confirmations Analyst to join our Confirmations team. The Analyst 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:

• 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.

The ideal candidate should possess the following qualifications:

• 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.
• Demonstrated ability to collaborate effectively with team members.
• Strong critical thinking and creative problem-solving skills.
• Exceptional attention to detail and communication skills.
• Proficiency in Excel, SQL, and PowerBI; Python expertise is a plus.
• Experience with Endure or other ETRM a plus.
• Degree in a business or legal discipline.
• Collegiality and truly good interpersonal skills balanced with a disciplined risk management approach.
• Professional passionate about risk management.

Job Duties & Responsibilities

• 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 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.
• Performs other job-related duties as assigned.

Required Qualifications

• High School Grad / GED.
• Bachelor's or Equivalent Experience.
• Experience: 2+ years.

Preferred Qualifications

• None.

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. We are committed to a diverse and inclusive workplace.