Energy Forecasting Analyst

Connect Executive Resourcing Limited; Bristol; On-site; GBP 40,000 - 55,000; Full time

Job summary

A commercial energy business in Bristol is seeking an experienced energy analyst to join their team. The role involves improving the profitability of trading and hedging activities, requiring strong analytical and numerical skills, along with excellent IT proficiencies. Candidates should have a good grasp of the UK electricity market and be able to communicate complex information effectively. The position offers a chance to significantly impact decision-making processes concerning optimization and investment.

Qualifications

• Strong academic background with a numerical/analytical degree.
• Highly numerate with strong analytical skills.
• Excellent understanding of UK electricity market.
• Ability to communicate complex issues clearly.

Responsibilities

• Run and improve existing price forecasting models.
• Monitor and assess market and regulatory developments.
• Produce price forecasts and provide expert insights.
• Analyse and produce regular reports on forecasting accuracy.

Skills

Numerical/analytical skills

Analytical skills

IT skills including spreadsheet skills

Understanding of UK electricity market

Oral and written communication skills

Education

Numerical/analytical degree

Tools

Spreadsheets

Databases

Programming

Job description

A commercially focused energy business is seeking to hire an experienced energy analyst to work in a small team focused on improving the profitability of the trading and hedging activities of the company.

You will need to be highly numerate with excellent analytical skills and ideally have working experience in an energy commodity trading, risk or pricing environment within a UK energy business.

(My client's offices are easily commutable from the Bristol, Cardiff, Gloucester areas.)

Key responsibilities will include:

• Run and continuously improve existing price forecasting, models, databases and methodology.
• Monitor and assess market and regulatory developments including news reports and the review and challenge external consultant forecasts.
• Maintain and regularly review market data and input assumptions.
• Produce price forecast and scenarios, and provide expert insight for optimisation, hedging, budgeting and investment/business development decisions.
• Analyse and produce regular reports including assessments of forecasting accuracy and sources of variance.
• Presentation of results to stakeholders, including senior management and investors.

Ideal qualifications, skill sets and experience:

• Strong academic background with a numerical/analytical degree.
• Be highly numerate with strong analytical skills.
• Excellent IT skills, including spreadsheet skills, and preferably, database skills and programming skills.
• Excellent understanding of UK electricity market and relevant commodity markets and the fundamental drivers which shape them.
• Have excellent oral and written communication skills including the ability to communicate complex issues in a clear, concise and coherent manner and understand the differing agendas and drivers of the audience.
• Knowledge of interconnected power markets and trading practices ideal, but not essential.
• Ability to perform fundamental market analysis using principles of economic theory.

If you have the relevant energy background or career experience skill sets, and would like to know more about the above opportunity, then please apply now.

Due to the amount of applications we receive on a daily basis unfortunately we are only able to respond to the successfully shortlisted candidates. If you have not heard from us within 3-5 days of applying for this position, your application was not successful on this occasion. We may however be able to contact you with a more relevant position at a later date.