Quantitative Analysis Intern

Found in: beBee S US - 2 weeks ago


Portsmouth, United States Sprague Operating Resources LLC Full time

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.

Sprague is looking for a Quantitative Analysis Intern (Quant. Finance Track) for Summer 2024. This position will support the Quant. Analysis and Portfolio Mgmt. team within Sprague’s Retail Natural Gas and Electricity BU in the areas of developing quantitative finance solutions and applications. 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(s) will work with assigned supervisors / subject experts from the Quant. Analysis and Portfolio Mgmt. team and will interact with other members of the Retail Energy BU and other Sprague Energy teams as well as present project results and receive feedback from the management team.

This position will be based out of our Portsmouth, NH office (Hybrid is an option).

A successful intern candidate will apply and develop skills in various areas of quantitative finance analysis and applications (stochastic processes applied to pricing, hedging and optimization, Monte Carlo simulations, parameter estimations, modeling of volatility and correlations, model calibrations, model deployment), while supporting and learning from energy industry professionals in the areas of energy markets, retail natural gas and electricity products and services, data science, analytics, forecasting, modeling business and product risks, portfolio and asset optimization, risk management and economic analysis.

The Intern will also learn about and contribute to building, cleaning, testing, and working with various databases, data processes and quantitative analysis models, tools, and applications. (on prem and cloud)

*Please include a resume and cover letter explaining why you would like to pursue this internship, and skills, courses and projects that make you a good fit for the Quantitative analysis internship.*

Potential project areas:

  • Energy asset optimization, pricing, and hedging (storage, pipeline capacity, other assets modeling).
  • Assist in developing and deploying energy commodity prices simulation models and libraries.
  • Assist in developing and improving product risks hedging strategies on standalone and portfolio level.
  • Help improve models and estimates for exchange clearing margin account interest costs.
  • Help develop and improve ETRM systems’ quantitative analytics.
  • Support the Quantitative analysis team in various projects as required by the business.

We want to hear from you

Do you like to solve problems and consider yourself forward thinking? If you are looking for an internship to challenge yourself while working for a complex and exciting industry, then Sprague is your place. Sprague employees are dedicated and driven. We work best as a team, knowing that collaboration leads to innovation and the best customer experience. We are looking for hardworking colleagues to join us and help us stay at the forefront of the energy industry, which is where we’ve been for the last 150 years.


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