Quantitative Analyst - Philadelphia, PA

VetJobs; Philadelphia (Philadelphia County); On-site; USD 75,000 - 103,000; Full time

Benefits offered by this job

401(k) match

Medical, dental and vision insurance

Generous paid time off

Employee Assistance Program

Tuition reimbursement

Job summary

Exelon is seeking a Quantitative Analyst for the Utility of the Future to design proprietary simulation models for portfolio valuation, pricing, and risk management. You will collaborate with economists, financial engineers, risk analysts, and policy experts to analyze model risks and their limitations.

The role requires a solid foundation in traditional financial valuation, programming, statistics, and data analysis, with on-site work at our Philadelphia location.

Qualifications

• Bachelor's degree in quantitative field required.
• 2–4 years of relevant experience.
• Strong foundation in applied and financial mathematics concepts.
• Proficiency in development languages (C/C++, Python, Perl, Matlab) and databases query languages.

Responsibilities

• Develop valuation, risk management, and pricing models using predictive analytics and statistics.
• Build proof-of-concept systems to test new quantitative approaches.
• Translate quantitative concepts into robust system designs and architectures.
• Collaborate with analytics teams across the enterprise to gather feedback on models and systems.

Skills

Programming languages

Financial mathematics

Statistical methods

Predictive analytics

C/C++

Python

Perl

Matlab

Education

Bachelor's degree in quantitative field

Tools

Power BI

SQL

Python

Job description

Job Description

ATTENTION MILITARY AFFILIATED JOB SEEKERS - Our organization works with partner companies to source qualified talent for their open roles. The following position is available to Veterans, Transitioning Military, National Guard and Reserve Members, Military Spouses, Wounded Warriors, and their Caregivers.

Unless specifically stated otherwise, this role is "On-Site" at the location detailed in the job post.

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, 20,000 colleagues strong serving more than 10.7 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).

We're committed to creating an environment where every person can thrive. Our employee experience is grounded in four tenets that guide how we support our people: purposeful careers, growth opportunities, community impact, and support to thrive.

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 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 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

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

Auto req ID

485262BR

Minimum Education Required

Bachelors

Additional Qualifications/Responsibilities

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

• 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.
• Experience with Power BI, SQL, Python or similar analytical tools.
• Knowledge of utility billing systems such as CC&B, CIMS, MDM, or related applications.
• Experience supporting audits, regulatory reporting, and process improvement initiatives.
• Experience developing automation and operational analytics solutions.
• Knowledge of billing operations, Meter to cash, or utility operations preferred

Benefits

• Annual salary will vary based on a candidate’s skills, qualifications, experience, and other factors: $75,200.00/Yr. - $103,400.00/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
• Employee Assistance Program and resources for mental and emotional support
• Wellbeing programs such as tuition reimbursement, adoption and surrogacy assistance and fitness reimbursement
• Referral bonus program
• And much more

City*

Philadelphia

State*

Pennsylvania

Job_Category

Analyst

Job Code

Operations_ Specialist

Affiliate Sponsor

Exelon Corporation

Salary Range

$75,000-$100,000