Senior Commercial Analyst

Statkraft; Madrid; On-site; EUR 60,000 - 90,000; Full time

Job summary

Statkraft in Madrid is seeking a Senior Commercial Analyst to join the Renewables Forecasting Team (MEXF) and help manage end-to-end forecasts for Wind and Solar across European markets.

The role requires strong quantitative skills, programming experience (Python), and English communication abilities. You will work closely with the MEXF team to enhance forecast accuracy and support commercial decision-making.

Qualifications

• Excellent university degree in mathematics, physics, meteorology, engineering or business with a strong quantitative focus
• Several years of experience in renewable power forecasting for short-term power markets
• Experience with numerical weather models is an advantage
• Strong analytical and investigative skills
• Significant modelling and programming experience, preferably in Python
• Ability to solve analytical problems within limited timeframes when necessary
• Proactive and independent way of working
• Excellent communication skills in English

Responsibilities

• Analyse, monitor and benchmark the performance of renewables forecasts from external providers and create combined forecasts
• Identify, evaluate and implement statistical forecast improvements
• Lead the use of AI/ML tools to develop new models
• Create and improve renewables forecasts for our Spanish portfolio based on numerical weather models
• Develop statistical arbitrage strategies based on renewable forecast data
• Support the operational forecasting duty by identifying and resolving operationally critical incidents
• Support the preparation of ad-hoc commercial analyses for internal and external stakeholders
• Regularly update stakeholders on recent developments and performance evaluations

Skills

Analytical skills

Independent working

English communication

Education

University degree in a quantitative field

Tools

Python

Job description

Statkraft has been making clean energy possible for over a century. That is what we offer. 125 years of unrivalled expertise in supplying the world with what it needs most. We envision a world that runs entirely on renewable energy. Because in the fight against climate change, we do not see renewable energy as part of the solution – we believe it must be the solution. With us, you will shape a career that is truly forward-facing with many amazing opportunities and offerings to match.

But there is more work to be done – that is why we need you to join!

The Cross Functional Optimisation (MEX) unit drives optimisation of Energy Management (ME) processes across business units and geographies, supporting Statkraft’s commercial strategy. MEX creates value by improving core processes and ensuring Energy Management evolves in line with market and digital developments.

MEX delivers business Services such as commercial analysis, citizen development, and co-development, supporting optimisation and automated flexibility trading, intermittent production forecasting, and market access for 3rdparty customers. MEX also holds business capability ownership for digital solutions in Energy Management, leading daily collaboration between M and IT and ensuring digitalisation efforts align with strategic objectives and value creation.

The Renewables Forecasting Team (MEXF) owns the renewables production forecasting process end-to-end for Wind and Solar portfolios in all European markets. This includes input/output data management, forecast vendor management and creation of meta-forecasts. The team owns the quality and budget so that the highest commercial benefit is realised.

Job Description

As a Senior Commercial Analyst, within the team of MEXF, you will:

• Analyse, monitor and benchmark the performance of renewables forecasts from external providers and create combined forecasts
• Identify, evaluate and implement statistical forecast improvements
• Lead the use of AI/ML tools to develop new models
• Create and improve renewables forecasts for our Spanish portfolio based on numerical weather models
• Develop statistical arbitrage strategies based on renewable forecast data
• Support the operational forecasting duty by identifying and resolving operationally critical incidents
• Support the preparation of ad-hoc commercial analyses for internal and external stakeholders
• Regularly update stakeholders on recent developments and performance evaluations

Qualifications

• Excellent university degree in mathematics, physics, meteorology, engineering or business with a strong quantitative focus
• Several years of experience in renewable power forecasting for short-term power markets
• Experience with numerical weather models is an advantageStrong analytical and investigative skills
• Significant modelling and programming experience, preferably in Python
• Ability to solve analytical problems within limited timeframes when necessary
• Proactive and independent way of working
• Excellent communication skills in English

Additional Information

A career with Statkraft is a career filled with purpose – meaning that every employee is not just making a living, they are making a real difference to the planet, our communities and the future. Together, we work on the front lines of changing the game for renewable energy. From hydrogen development to algorithmic trading and everything in between. We have 125 years of unrivalled expertise in creating the technologies that put ecosystems, communities and our environment first. With us, you’ll shape a career that is truly forward-facing with many amazing opportunities and offerings to match. This includes:

• Unlimited learning opportunities at various levels of the organisation including Linkedin Learning and inspiring leaderships program like IMD
• The chance to grow your career alongside a truly global network of experts, leaders, specialists and graduates from different countries and backgrounds
• The opportunity to work somewhere with pride, and to be able to honestly say “My work is contributing to saving the planet”
• A work culture that puts emphasis on the individual, offering flexible working solutions, parental leave and work life balance principles
• Monetary childcare subsidy to support you and your family
• A focus on fun outside of work, supported by various activity groups such as soccer, yoga, sailing, climbing, boxing, cabin rentals, and much more

Statkraft's vision is to renew the way the world is powered. To navigate the complex journey ahead, we need every voice at the table. We therefore work actively to be a diverse and inclusive workplace and welcome all applicants regardless of background, gender, age, sexual orientation, religious belief, ethnicity, nationality or disability.

Please note: Statkraft manages critical infrastructure and services in several countries. We conduct background checks on qualified applicants before hiring.