Tuesday, November 26, 2013

Job Openings at Duke Energy: Quantitative Analyst and Senior Quantitative Analyst

Posting two job openings for a friend of mine at Duke Energy. Please apply through Duke Energy website: http://www.duke-energy.com/careers/job-search.asp. You can search the job IDs listed below to find the job descriptions.

Quantitative Analyst - 118442

Description

Depending upon the desired qualifications of the successful candidate, the hiring manager may elect to fill this position at a higher level within the job hierarchy.
We are seeking a candidate that is highly motivated, detail-oriented, and possesses excellent analytical skills. This position is responsible for the development, utilization and maintenance of the necessary models, procedures and systems required for a multi-commodity sophisticated trading and marketing organization. The models developed to guide our forward trading, portfolio management, and risk monitoring activities may involve unit commitment and dispatch models, exotic derivative pricing models, spread options, real options, Greeks, stochastic simulation algorithms, valuation algorithms, and closed form solutions. Advanced time-series regression techniques are also frequently used including ARIMA, GARCH, E-GARCH, etc.  These models (including but not limited to unit commitment and dispatch models) should be developed in a manner in which distribution analysis, model parameterization, stress testing, back testing, and scenario analysis are easily performed and parameterized.  The desired candidate will also have experience applying statistical models to large datasets.

Responsibilities and Duties

Develop, utilize, and maintain models to mimic or evaluate business processes/rules.  Evaluate potential opportunities for improvement/enhancement via advanced quantitative analysis
Examine and evaluate current processes.  Determine focus areas for improvement. 
Communicate/educate and train at all levels in the organization.  Present results/concepts resulting from model development. 
Research and keep abreast of the developing field of quantitative analysis determining how to best utilize different software tools and techniques. Continuously strengthen understanding of new energy industry issues.
Ensure all work products and reports comply with both internal and external audit requirements.
Working Conditions:
This position will be located primarily in an office environment.
Limited travel <10%

Qualifications

Basic Qualifications:
1. Masters degree in a quantitative field such as mathematics, engineering, physics or other related discipline
2. Practical programming experience with statistics/mathematic software packages such as C++, SAS, or MATLAB

Desired Qualifications:
1. 3 years of relevant work experience
2. A general understanding of electric (including generation, unit commitment, and unit dispatch), gas, oil, coal, and renewables industries
3. Strong quantitative skills and advanced degree in quantitative finance, mathematics, statistics, physics, engineering or other equivalent quantitative disciplines
4. Strong programming skills in one or more scripting languages (e.g. MatLab, R,Eviews ,or SAS)
Experience in VBA development (macros) and user forms/interfaces/controls in both Access and Excel
5. Experience working with large datasets using standard tools such as SQL
6. Experience with object oriented programming languages (e.g. C++, or Java) is preferred
7. Excellent communication and presentation skills with ability to communicate technical subjects to a wide range of audiences
8. Demonstrated ability in promoting cross-functional collaborations and critical thinking

Job: Commodities
Primary Location: North Carolina-Charlotte-DE Busn Svcs-Headquarters (093)
Schedule: Full-time
Travel: Yes, 5 % of the Time

Senior Quantitative Analyst - 118445

Description

We are seeking a candidate that is highly motivated, detail-oriented, and possesses excellent analytical skills. This position is responsible for the development, utilization and maintenance of the necessary models, procedures and systems required for a multi-commodity sophisticated trading and marketing organization. The models developed to guide our forward trading, portfolio management, and risk monitoring activities may involve unit commitment and dispatch models, exotic derivative pricing models, spread options, real options, Greeks, stochastic simulation algorithms, valuation algorithms, and closed form solutions. Advanced time-series regression techniques are also frequently used including ARIMA, GARCH, E-GARCH, etc.  These models (including but not limited to unit commitment and dispatch models) should be developed in a manner in which distribution analysis, model parameterization, stress testing, back testing, and scenario analysis are easily performed and parameterized.  The desired candidate will also have experience applying statistical models to large datasets.

Responsibilities and Duties

Develop, utilize, and maintain models to mimic or evaluate business processes/rules.  Evaluate potential opportunities for improvement/enhancement via advanced quantitative analysis
Examine and evaluate current processes.  Determine focus areas for improvement. 
Communicate/educate and train at all levels in the organization.  Present results/concepts resulting from model development. 
Research and keep abreast of the developing field of quantitative analysis determining how to best utilize different software tools and techniques. Continuously strengthen understanding of new energy industry issues.
Ensure all work products and reports comply with both internal and external audit requirements.
Working Conditions:
This position will be located primarily in an office environment.
Limited travel <10%

Qualifications

Basic Qualifications:
1. Masters degree in a quantitative field such as mathematics, engineering, physics or other related discipline
2. Practical programming experience with statistics/mathematic software packages such as C++, SAS, or MATLAB
3. 5 years of relevant work experience
4. A general understanding of electric (including generation, unit commitment, and unit dispatch), gas, oil, coal, and/or renewables industries

Desired Qualifications:
1. 7 years of relevant work experience
2. Strong quantitative skills and advanced degree in quantitative finance, mathematics, statistics, physics, engineering or other equivalent quantitative disciplines
3. Strong programming skills in one or more scripting languages (e.g. MatLab, R, Eviews, or SAS)
4. Experience in VBA development (macros) and user forms/interfaces/controls in both Access and Excel
5. Experience working with large datasets using standard tools such as SQL
6. Experience with object oriented programming languages (e.g. C++, or Java) is preferred
7. Excellent communication and presentation skills with ability to communicate technical subjects to a wide range of audiences
8. Demonstrated ability in promoting cross-functional collaborations and critical thinking

Job: Commodities
Primary Location: North Carolina-Charlotte-DE Busn Svcs-Headquarters (093)
Schedule: Full-time
Travel: Yes, 5 % of the Time

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