Quantitative Analyst - Military Veterans
at Exelon Corporation
Who We Are
We're powering a cleaner, brighter future.
Exelon is leading the energy transformation, and we're calling all problem solvers, innovators, community builders and change makers. Work with us to deliver solutions that make our diverse cities and communities stronger, healthier and more resilient.
We're powered by purpose-driven people like you who believe in being inclusive and creative, and value safety, innovation, integrity and community service. We are a Fortune 200 company, 19,000 colleagues strong serving more than 10 million customers at six energy companies -- Atlantic City Electric (ACE), Baltimore Gas and Electric (BGE), Commonwealth Edison (ComEd), Delmarva Power & Light (DPL), PECO Energy Company (PECO), and Potomac Electric Power Company (Pepco).
In our relentless pursuit of excellence, we elevate diverse voices, fresh perspectives and bold thinking. And since we know transforming the future of energy is hard work, we provide competitive compensation, incentives, excellent benefits and the opportunity to build a rewarding career.
Are you in?
Primary Purpose
PRIMARY PURPOSE OF POSITION
The Quantitative Analyst for the Utility of the Future will design and develop proprietary simulation models to support portfolio valuation, pricing, risk management, and overall strategic planning for innovative utility platform initiatives. As a member of the Advanced Analytics team, the successful candidate will collaborate directly with economists, financial engineers, risk analysts, and policy experts. He or she will apply quantitative techniques to measure and analyze model risks and form opinions on the strengths and limitations of the respective models. A solid understanding of traditional financial valuation and modeling techniques along with a strong foundation in programing, statistical methods, and data analysis is essential.
Primary Duties
PRIMARY DUTIES AND ACCOUNTABILITIES
- Leverage in-depth technical knowledge of predictive analytics, statistics, modelling techniques and simulation approaches to develop valuation, risk management, and pricing models. (50%)
- Conduct research and produce proof-of-concept demonstration systems to test new quantitative modeling approaches and solutions to complex problems (25%)
- Translate quantitative and business concepts into efficient, robust, supportable system design and architecture. (15%)
- Partner with stakeholder analytics teams across ComEd and the Enterprise to expand the use and gather feedback on the models and systems (10%)
Job Scope
JOB SCOPE
- Reports to the Director Advanced Analysis
- This is an individual contributor position that woks under general supervision, relying on knowledge, skills and judgment acquired through education and relevant experience to plan and accomplish assigned tasks and goals
Minimum Qualifications
MINIMUM QUALIFICATIONS
- Bachelor's degree in quantitative field
- 2 to 4 years of relevant experience
- Thorough understanding of applied and financial mathematics concepts and techniques (including advanced statistical techniques)
- Ability to use a broad range of development languages (e.g. C/C++, Python, Perl, Matlab, etc.), and databases query languages
- Ability to quickly master industry fundamental concepts including energy commodity markets, portfolio valuation, and system dynamics
- Should be self-driven and able to work in (and lead) team sizes ranging from individual contribution to several members.
Preferred Qualifications
PREFERRED QUALIFICATIONS
- Energy industry experience
- Prior experience in an operation research role
- In-depth experience in one or more programing language
- Background in applied system dynamics theory
- Ideal candidate with have experience performing advanced quantitative analysis and developing and/or validating risk models to support senior managers in running their quantitative strategies.
Benefits
- Annual salary will vary based on a candidate's skills, qualifications, experience, and other factors:USD $75,200.00/Yr. - USD $112,800.00/Yr.
- Annual Bonus for eligible positions: 10%
- 401(k) match and annual company contribution
- Medical, Dental and Vision Insurance
- Life and disability insurance
- Generous paid time off options, including vacation, sick time, floating and fixed holidays, maternity leave and bonding/primary caregiver leave or parental leave (based on position)
- Long Term Incentive Plan for eligible positions
- Wellbeing programs such as tuition reimbursement, adoption assistance and fitness reimbursement
- Referral bonus program
- And much more
Baltimore, MD
Exelon Corporation is the nation's leading competitive energy provider, with approximately $33 billion in annual revenues. The Exelon family of companies participates in every stage of the energy business, from generation to competitive energy sales to transmission to delivery.
Headquartered in Chicago, Exelon has operations and business activities in 47 states, the District of Columbia and Canada. The company is the largest competitive U.S. power generator, with approximately 35,000 megawatts of owned capacity comprising one of the nation’s cleanest and lowest-cost power generation fleets. Its Constellation business unit provides energy products and services to approximately 100,000 business and public sector customers and approximately 1 million residential customers. Exelon’s utilities deliver electricity and natural gas to more than 6.6 million customers in central Maryland (BGE), northern Illinois (ComEd) and southeastern Pennsylvania (PECO).