Forecasting Analyst

Connect Executive Resourcing Limited; Cardiff; On-site; GBP 60,000 - 80,000; Full time

Job summary

A commercial energy firm in Cardiff is seeking an experienced commercial analyst to improve the profitability of trading and hedging activities. The role requires strong analytical skills, a numerical degree, and a good understanding of the UK electricity market. Responsibilities include enhancing price forecasting models, assessing market developments, and presenting insights to stakeholders. Applicants should possess excellent communication and IT skills to succeed in this dynamic environment.

Qualifications

• Strong academic background with a numerical/analytical degree.
• Highly numerate with strong analytical skills.
• Excellent IT skills, including spreadsheets and databases.
• Understanding of the UK electricity market and relevant commodity markets.
• Excellent communication skills for conveying complex issues.

Responsibilities

• Run and improve existing price forecasting models.
• Monitor market and regulatory developments.
• Produce price forecasts and scenarios.
• Analyse reports on forecasting accuracy.
• Present results to stakeholders.

Skills

Analytical skills

Numerical competence

Oral and written communication

IT skills

Education

Numerical/analytical degree

Tools

Spreadsheets

Databases

Job description

A commercially focused energy business is seeking to hire an experienced commercial 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 Cardiff, Bristol,Gloucester areas and your own transport will be required)

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.
• A developed understanding of the 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.

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.