Pricing Actuary Jobs in Massachusetts

General Information

Country
USA
State/Region
Massachusetts
City
Andover
Team
Energy and Commodity Management
Seniority
Expert (4-8 years of experience)
Job Type
Permanent
Hire Type
Full-Time
Work Regimen
Hybrid
Posting Date
16-Jun-2026
Expiration Date
30-Sep-2026
Company
Enel North America, Inc.

Senior Analyst, Pricing and Risk Modeling

If you want to shape the future of energy, we are looking for a Senior Analyst, Pricing and Risk Modeling to join our Energy and Commodity Management team!

Who you will work with

We are seeking a risk analytics and pricing professional with strong experience in energy markets, quantitative modeling, and market risk estimation, including valuation of structured and derivative products. The ideal candidate will possess advanced quantitative and programming skills, with demonstrated interest in energy markets and applied risk analytics.

This role requires the ability to work collaboratively in an international team environment, while independently delivering high-quality analytical solutions. A strong sense of ownership, intellectual curiosity, and an innovative mindset are essential.

What you will do

- Price financial instruments, including vanilla and structured derivatives across energy commodities (Power, Gas), using analytical methods and Monte Carlo simulations
- Design and enhance methodologies and models for market risk estimation (e.g., VaR, stress testing, PaR, GMaR)
- Support Energy & Commodity Management activities through quantitative analysis, risk assessment, and valuation of complex deal structures
- Develop and maintain scalable modeling tools and perform ad hoc analytical requests
- Collaborate with global pricing teams to develop and maintain pricing libraries and modeling frameworks
- Contribute to the design and valuation of new pricing structures and products
- Provide input on embedded risks within structured transactions and support hedging strategy development

What you will bring

The minimum requirements for this role are:
- Degree in a quantitative field (Computer Science, Mathematics, Physics, Engineering, Financial Engineering)
- 4+ years of experience in commodities risk management, quantitative modeling, or derivatives pricing
- Advanced knowledge of statistics, probability, and regression techniques
- Strong programming skills in Python and/or R; solid SQL skills for data extraction and transformation
- Strong understanding of US power and gas markets, including basis and congestion dynamics
- Experience with energy contracts (e.g., PPAs, structured products, futures, options)
- Strong understanding of financial derivatives and valuation methodologies
- Proven ability to independently design and implement models and analytical tools
- Strong problem-solving skills and ability to work in a fast-paced, cross-functional environment
- Self-starter mindset with demonstrated experience delivering end-to-end analytical solutions
- Experience with large-scale data analysis and model performance optimization is a plus
- Familiarity with machine learning and AI methods for predictive modeling, scenario generation, and advanced analytics in energy markets

Why join us?

The pay range for this position is $118,938 - $178,407 annually. The base pay actually offered will be based on several factors, including job-related knowledge, skills, work experience, education, and internal equity. At Enel, base pay is one part of your total compensation package. Please see below for additional information on Enel North America rewards.

Enel North America offers its regular full-time employees affordable, quality healthcare for you and your family, life insurance and disability benefits to provide security, and retirement benefits to help you plan for your financial future. In addition, we offer an array of other benefits such as flexible spending accounts, tuition reimbursement and professional development allowance.
- Benefits are effective as of day one!
- Some additional perks to working with Enel North America include:
- 401k with match fully vested as of day one. Enel-NA matches 100% of the first 4% that you contribute up to set IRS limits.
- Generous PTO that supports work/life balance including: 4 weeks annually of vacation as well as personal days, volunteer days, your birthday off, paid holidays, and sick time. Proration may apply during first year of employment.
- Paid leave programs
- The opportunity to grow and develop your career with the support and mentorship of senior leaders.
- The opportunity to work for one of the world’s most recognizable and respected brands in the energy industry that believes by working together we can create a new energy era in which the world can become more sustainable.

An employee’s eligibility for these benefits shall be subject to the governing documents for such plans and programs and/or company policy. The benefits described above may be modified or eliminated with or without notice in accordance with the governing documents and applicable law.

Diversity, Equity, Inclusion, and the Selection Process

Enel North America is dedicated to providing equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, gender, national origin, citizenship, age, disability, sexual orientation, genetic information. We will not discriminate, in any employment decision, against any individual or group on the basis of race, color, religion, sex, gender, national origin, citizenship, age, disability, sexual orientation, genetic information, or veterans/national guard/military reserve status. This shall be done in compliance with all applicable federal, state, and local laws in every location in which Enel North America has facilities. Enel North America maintains a drug-free workplace and performs pre-employment substance abuse testing and background checks, where permitted by law. Accessibility – If you require accessibility assistance applying for open positions please contact EnelApplication@enel.com.

The selection process includes an initial introductory interview with the Recruiting team, followed by an interview with the relevant business line. If your profile matches the requirements of the role, we will contact you to share all the details of the next steps.

Enel North America is committed to providing a fair and transparent hiring process for all job seekers. We will never ask you to pay money or provide sensitive information, such as your social security number or bank account number, as part of the application process. We only hire through our official channels, which include our website and LinkedIn page. If you receive a job offer that did not come through one of those channels, it is likely a scam, and we suggest reporting it to the authorities.

We are looking for individuals who embody our values: trust, respect, innovation, proactivity, and flexibility.

Do you want to be a part of change? Apply now and join the Energy and Commodity Management team to help drive the energy transition with us!

Notice to Recruiters & Staffing Agencies

Enel North America has an internal talent acquisition department and designated career site for individuals looking to join our team. Enel North America will not accept unsolicited resumes from any external recruiters, staffing firms, search agencies or any fee-based referrals. Any unsolicited resumes sent to directly to Enel North America, in any capacity will be considered property of Enel North America. This policy is applicable to all Enel North America locations and will be the responsibility of third parties and vendors to understand this policy. Enel North America will not pay a fee for any placement resulting from the receipt of an unsolicited resume.

Who we are

Enel North America is a proven renewables leader delivering clean, flexible and sustainable energy solutions. As part of the Enel Group, we develop, build, own and operate renewable power plants and demand response solutions, with over 11 gigawatts (GW) of installed wind and solar capacity, over 1 GW of energy storage and nearly 5 GW of demand response in the US and Canada.

For nearly 25 years, we've reliably powered modern life and driven climate action with our people, partners and communities by putting sustainability at the center of everything we do. Enel is a top-five industry leader for clean power capacity in the US, demand response in North America and utility-scale battery storage in Texas.

We are a smart and passionate team working together to build the Enel North America that we want for the long-term – one that is founded on strong financial, social and environmental values. Being on our team means being part of lasting progress to create a thriving and more sustainable world for our climate and communities. It means valuing safety, trust, innovation, proactivity, flexibility and respect in all we do. Our vision is ambitious, and we'll get there together.

Enel Spa

Enel is a multinational power company and a leading integrated player in the global power and renewables markets, present in 27 countries worldwide. At global level, it is the largest renewable player, the foremost electricity distribution network player by number of grid customers served and the biggest retail operator by customer base. Enel generates electricity with approximately 93 GW of total capacity. Enel Green Power, the Group’s renewables arm, has a total capacity of approximately 68 GW and a generation mix that includes wind, solar, geothermal, and hydroelectric power, as well as energy storage facilities, installed in Europe, the Americas, Africa, Asia, and Oceania.

Enel Grids, the Group’s global business line dedicated to the management of the electricity distribution service worldwide, delivers electricity through a network of 1.9 million kilometers with more than 69 million end users connected to its distribution grids. Enel Commercial is the Group’s arm dedicated to customers around the world with the aim of effectively providing products and services based on their energy needs and encouraging them towards a more conscious and sustainable use of energy. It provides electricity, gas and integrated services to more than 29 million customers globally including households, enterprises, industries and public administrations. In addition, it offers flexibility services aggregating 10.2 GW and has over 34,000 owned public charging points for electric mobility.

Curious about us? Discover more at www.enel.com

This announcement is addressed to all individuals in line with Enel’s commitment to equity and inclusion, with particular attention to promoting gender equality.