Energy Forecasting Analyst

Connect Executive Resourcing Limited; Bristol; On-site; GBP 30,000 - 45,000; Full time

Job summary

Connect Executive Resourcing Limited is seeking an energy analyst to improve profitability in trading and hedging activities. The role requires excellent analytical skills and understanding of the UK electricity market.

The ideal candidate will have a strong numerical background, be highly numerate, and possess excellent IT and communication skills. Responsibilities include running forecasting models, monitoring market developments, and presenting insights to stakeholders.

This position is located in Bristol and is easily commutable from Cardiff and Gloucester.

Qualifications

• Strong academic background with a numerical/analytical degree.
• Be highly numerate with strong analytical skills.
• Excellent IT skills, including spreadsheet skills, preferably database and programming skills.
• Excellent understanding of the UK electricity market and its fundamental drivers.
• Excellent oral and written communication skills.

Responsibilities

• Run and improve forecasting models and databases.
• Monitor market and regulatory developments.
• Review market data and input assumptions.
• Produce price forecast and scenarios.
• Analyze forecasting accuracy and variances.
• Present results to stakeholders.

Skills

Numerical analysis

Analytical skills

IT skills (including spreadsheets)

Knowledge of UK electricity market

Communication skills

Education

Numerical/Analytical degree

Job description

A commercially focused energy business is seeking to hire a numerical, commercially focused graduate or 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

• 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.