Sprague Energy - Portsmouth, NH
posted 3 days ago
About the position
Sprague is passionate about delivering the diverse products and programs that warm, power and move the world. We keep homes warm through Northeastern winters and hospitals cool through summer. We help small businesses focus on serving their communities, and our renewable fuels keep our country's infrastructure running. From importing wind energy components to deploying leading-edge solar technology to help power terminal facilities, we are committed to continually evolving to meet our customers' changing energy needs. We are looking for a Portfolio Analysis Intern for Summer 2025. This position will support Sprague's Portfolio Mgmt. team. Potential project areas can include BUs and assets from: Retail Natural Gas and Electricity, Refined Products, New Business Development, Renewable Energy, Terminal Operations. We are seeking upbeat and energetic candidates with excellent communication and collaboration skills, who thrive on challenges and are excited about the idea of working in a high growth, fast-paced organization in the energy sector. The intern will work with assigned supervisors / subject experts from the Quant. Analysis and Portfolio Mgmt. team and will interact with team members from other BUs and departments like Data and BI, BA, IT, Marketing, Risk, Supply, Finance, Treasury and other Sprague Energy teams as well as present project results and receive feedback from the management team. Most portfolio analytics projects are carried out in close collaboration and supported with the Quantitative Analysis team. A successful intern candidate will be exposed to, apply and develop skills in various areas of energy portfolio management. The intern will be creating and using advanced portfolio and market analytics to track, analyze and help manage Sprague's portfolio risk-return profile.
Responsibilities
- Assist in creating advanced portfolio analytics and risk metrics to monitor portfolio performance.
- Develop energy commodity market analytics to use in asset and portfolio risk mitigation / optimization.
- Develop analytics to compare and present risk profiles of different sales products.
- Test effectiveness of product risk premiums against realized and modeled risk scenarios.
- Analyze the portfolio's sensitivity to specific risk factors.
- Test the portfolio performance against complex scenarios combining commodity price volatility, economy, product and customer mix, market rules, weather factors, etc.
- Help structuring and testing new sales products, pricing and hedging strategies.
- Analyze risk mitigation strategies on a standalone product and portfolio level.
- Aggregate risk positions and hedge targets across various commodity price and weather risk factors.
- Analyze market liquidity, hedging costs, hedge effectiveness, optimal hedge ratios, correlation risks.
- Support the Portfolio Management team in various projects as required by the business.
Requirements
- Education: junior, senior or master's students pursuing degrees in Financial Risk Management, Applied Mathematics, Applied Statistics with Finance focus, Computational Finance, Applied Economics, Financial Management or similar.
- Classwork in Financial Risk Management, Portfolio Theory and hedging is a strong plus.
- Passionate for applying quantitative skills in a business environment and managing risks.
- Strong interest in financial risk management, derivatives, portfolio optimization and hedging.
- Strong interest in learning about the energy markets as a potential career path.
- Good programming skills in languages like R, Python, MATLAB.
- Data manipulation and data modeling skills. (SQL, etc)
- Ability to solve complex problems and conduct research as needed; see projects through to completion.
- Strong drive to learn and share knowledge with others, effective interpersonal skills, attention to details and accuracy, while able to see the bigger picture.
- Very strong collaborative skills and teamwork oriented.
- Aptitude for developing creative solutions and thinking outside the box.
- Ability to remain positive and focused on finding solutions when facing various challenges.
- Following the highest standards of ethics and respect for individuals and the work environment.
- Ability to cover various tasks from supporting coworkers with data preparation to independent deeper analysis and modeling work and results.
Benefits
- Casual business dress code where you can wear jeans to work.
- Opportunities for employees to support various charities throughout the year.
- Range of committees to support varying initiatives (Sustainability, Charitable, Scholarship, Innovation, FunForce, etc.).
