Remote Risk Quant Jobs in Jersey City, NJ (NOW HIRING)

Location: Remote (EST Preferred)
Reports To: Chief Transmission and Regulatory Officer
About NewEdge Power
NewEdge Power is a pure-play clean energy development platform focused on developing high return utilityscale and distributed power solutions across the United States. NewEdge is a dynamic, high-growth, and entrepreneurial company. As a nimble and geographically dispersed team, the company is committed to fostering an environment of inclusion, teamwork, and delivering high impact for both the business and the communities it serves.
NewEdge seeks an ambitious, detail-oriented professional with strong analytical and engineering judgment, modeling capability, and the ability to anticipate future load and generation growth trends - informing the desired portfolio growth of NewEdge while hedging and minimizing exposure to financial risk. The Principal/ Lead Engineer - Transmission Strategy role is designed for a candidate who can combine rigorous quantitative analysis with practical execution support across project evaluation, capital formation, portfolio reporting, and strategic decision-making.
Your Core Responsibilities
• Proficient in steady state, short circuit and dynamic analysis using commercially available software's (Tara, PSSE, etc.).
• Implement smart, timely and cost-effective methods of screening large areas for Available
Transmission Capacity (ATC) to identify new interconnection position with least Network Upgrade
(NU) cost and Transmission Owner Interconnection Facility (TOIF).
• Analyze power flow results performed by both consultants and by utility/Regional Transmission Organization (RTO) counterparts.
• Perform queue attrition analysis and retirement analysis for identifying impacts to existing NewEdge Power portfolio at various RTO and make recommendation to retain or withdraw position to minimize or eliminate study deposit risk.
• Thorough knowledge of Grid Forming Inverter testing methodology and performance requirements per North American Electric Reliability Corporation (NERC) and Electric Reliability Council of Texas (ERCOT) standards.
• Attend and track transmission expansion plan at RTO stakeholder meetings and lobby for projects beneficial to NewEdge Power portfolio.
• Provide regular updates to strategic development team on potential generation retirement, congestion findings and key transmission projects to target for greenfield efforts.
• Maintain great relationship with utilities and RTOs where NewEdge Power has portfolio.
• Identify, direct and manage external consultants to perform power flow studies, including injection analysis, FCITC, deliverability studies, and others as needed.
• Determine curtailment potential and locational marginal pricing (LMP) differentials resulting from transmission constraints to identify optimum project sites and determine economic risk for projects.
• Tracking key queue attrition, merchant and transmission projects implementation schedule and
impacts to NewEdge Power portfolio to derisk study deposit newedgepower.com
• Review potential M&A acquisition by conducting power flow studies by implementing future
transmission upgrades, retirement and queue attritions in models.
• Demonstrate ability to identify, negotiate contracts with, and manage consultants.
• Able to communicate effectively in both commercial and technical venues on a stand-alone basis
with strong presentation skills.
Minimum Qualification
• Bachelor's degree in electrical engineering; master's degree desirable.
• Five or more years of experience in transmission and generation planning at RTO or electric utility.
• Minimum three years working for a renewable energy developer.
• Proficiency in power flow software (Powerworld, GE PSLF and PSS/E).
• Proficiency in Inverter Based Resource modeling and testing using PSCAD software.
• Through knowledge of generator interconnection procedure and requirements for submission of
interconnection application in PJM, MISO, ERCOT, NYISO and CAISO. Familiar with RTO portals for application submission.
• Familiar with transmission upgrade cost analysis in PJM,MISO,ERCOT, NYSIO and CAISO.
• Very familiar with software programs and study methodologies used in PJM, MISO, ERCOT, NYISO and CAISO for generator interconnection studies.
• Familiar with NERC Standards related to Inverter Based Resource (IBR) and RTO submission
requirements.
• Familiarity with transmission service arrangements, power markets, and dispatch protocols within applicable North American Electric Reliability Corporation (NERC) and RTO regions.
• Ability to translate a complex transmission analysis into clear recommendations for executives,
investors, and cross-functional stakeholders.
• Strong attention to detail, sound judgment, and a high degree of personal accountability.
• Comfortable operating in a fast-paced, entrepreneurial environment with changing priorities.
Desired Skills and Expertise
• Proficiency in production cost modeling software (PROMOD IV, GE Maps, Aurora).
• Familiarity with transmission service arrangements, power markets, and dispatch protocols within applicable NERC and RTO regions.
• Proven experience of negotiating Interconnection Service Agreement (ISA) with RTO and utilities
• Thorough understanding of substation engineering design layout and protection scheme.
• Ability to review substation layout and make appropriate direct connection recommendation for
NewEdge Power portfolio to ensure least cost TOIF and early synchronization date.
• Working knowledge of U.S. power markets, renewable incentive programs, and state and federal level policy frameworks.
Life and Benefits at NewEdge
NewEdge believes that team members are its greatest asset and is committed to fostering an environment where employees can be the best version of their professional selves while helping grow the platform.
Benefits at NewEdge include:
• Competitive base salary
• Annual cash bonus
• Remote first environment
• In-person team summits
• 401(k) plan
• Company equity program
• Unlimited PTO and paid holidays
• Health, Dental, and Vision insurance benefits
• Life and disability insurance benefits
NewEdge provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, sex, national origin, age, disability, sexual orientation, gender identification or expression, or veteran status.
Note to Recruiters: NewEdge does not accept unsolicited resumes from third-party recruiters or staffing firms. Resumes will only be considered from those entities if a signed agreement is in place and NewEdge specifically authorizes external recruiting assistance for a specific position. Any unsolicited resumes received will be deemed the property of NewEdge. We want to emphasize that NewEdge is not liable for any fees associated with unsolicited resumes.
The compensation range for this position is $144,000-$176,000