You have a couple of problems here. The biggest is that you've got quotation marks in your formula. VBA reads these as the end of the string, so it's interpreting your formula as two separate text strings: =Right(AE4,LEN(AE4)-FIND( and ,AE4)), separated by a .. This isn't a structure VBA can do anything with, so it's going to fail at that point.
When you're inserting a formula with VBA that contains quotation marks, you need to use two quotes together to indicate that it's a literal quote mark that's part of the string, rather than the end of the string:
"=RIGHT(AE4,LEN(AE4)-FIND(""."",AE4))"
The second problem is that you're using the FormulaR1C1 method, which expects cell references to be given in R1C1 (row#column#) notation, rather than A1 notation, but then passing it a formula that uses A1 notation. Again, this is going to confuse the issue and produce errors.
I'm guessing you used the macro recorder to get the syntax, then inserted your own formula? The macro recorder, for some weird reason, loves to use the R1C1 reference style, but we can use a different method for written code.
The full line you need is:
Worksheets("MJE").Range("AF" & o).Formula = "=RIGHT(AE4,LEN(AE4)-FIND(""."",AE4))"
EDITED TO ADD:
With further information, specifically that you need the range referenced to change as you loop, you have some options on how to do it.
1. Use the R1C1 reference style
This allows you to include relative references in formulae easily. You'll use R to designate the formula's row, and C to designate its column; so a cell that referred to itself would simply be =RC. You can follow the R and C with numbers to designate specific rows and columns, so cell B2 would be =R2C2 - row 2, column 2. More usefully, you can use =R[#]C[#] to offset your formula by a certain amount.
In your formula, assuming it's always going to be looking at column AE but whichever row the formula is entered into, your line would be:
Worksheets("MJE").Range("AF" & o).FormulaR1C1 = "=RIGHT(RC31,LEN(RC31)-Find(""."",RC31))"
2. Build your formula from variables.
You already have a variable you can use, o, so we can combine that with the rest of the string to get the appropriate references. It's harder to read, though...
Worksheets("MJE").Range("AF" & o).Formula = "=RIGHT(AE" & o & ",LEN(AE" & o & ") - FIND(""."",AE" & o & "))"
Personally, I find this method rather cumbersome to work with, but it's an option.
3. Assign the formula to your entire range as a single operation
Personally, I prefer this option; I find it to be the neatest one. I'm assuming, from your formula, that your data starts on row 4, and you want the formula to go into every cell between AE4 and the end of your data, which is stored in Zorro. You can use this line to add the formula in one go:
Worksheets("MJE").Range("AF4","AF" & Zorro).Formula = "=RIGHT(AE4,LEN(AE4)-FIND(""."",AE4))"
The cell references will update automatically for each row. There's no need for a loop with this method - of course, if you're looping anyway, that may be no great saving.