Forecasting Analyst

CFP Energy (UK) Ltd; City Of London; On-site; GBP 30,000 - 45,000; Full time

Job summary

A leading energy supplier in London is seeking a candidate for a forecasting role within the Trading Desk. The successful candidate will focus on energy demand forecasting, contribute to improving trading activities, and collaborate within a team of analysts. A degree in a relevant quantitative discipline and programming experience, preferably in Python, are key requirements. This role offers opportunities for growth in the rapidly evolving energy market.

Benefits

25 days annual leave

Discretionary commission/bonus

Company pension scheme

Life and medical insurance

Employee Assistance Program

Cycle to work scheme

Family-friendly policies

Recruit and Reward scheme

Qualifications

• Degree in a relevant field such as STEM, Economics, Data Science, Statistics, or Business Analytics.
• Experience with a programming language, ideally Python.
• Articulate in describing complex forecasting results.

Responsibilities

• Produce portfolio demand forecasts using existing forecasting systems.
• Monitor accuracy and performance of forecasts.
• Inform development of new forecasting models.

Job description

About Us:

At Brook Green Supply (BGS), we're not just an independent B2B energy supplier; we're pioneers in delivering comprehensive energy solutions tailored to industrial and commercial consumers.

With our unwavering commitment to sustainability, we're leading the charge towards a Net-Zero future. Our team, comprising of diverse expertise from both within and outside the energy sector, is dedicated to crafting bespoke supply solutions that surpass industry standards. We're not just meeting today's energy needs; we're building an innovative platform to tackle tomorrow's challenges head-on, redefining what it means to be a forward-thinking energy provider.

The Role:

As a member of the Trading Desk, you'll play a pivotal role in refining and expanding our forecasting capabilities, empowering traders and other areas of the business with actionable insights to optimise and drive trading activities. Joining a growing trading desk, your contributions will be instrumental in driving our continued growth and ensuring our success in a rapidly evolving Energy market.

You will have key focus of forecasting demand for our growing Power and Gas supply books. There will also be opportunities for renewable generation forecasting for our growing PPA book and informing national demand forecasts for wholesale market analysis.

Responsibilities:

• Using existing forecasting systems to produce portfolio demand forecasts from short term (intraday) to long term (up to 5 years)
• Daily analysis of, including ad-hoc amendments, and approval of our forecasts before publishing via excel reports, Power BI, and internal software
• Monitor accuracy and performance of the various forecasts and communicate results to relevant technical and non-technical stakeholders
• Inform development of new forecasting models, processes and systems
• Working collaboratively as part of a team of analysts

About You:

• Excellent attention to detail is critical given the nuance inherent in forecasting and the large volumes of energy, and hence money, involved
• Self-starter who takes the initiative to not just complete tasks but expand upon them - we are constantly aiming to grow our teams’ forecasting capabilities.
• Able to work independently or as part of a team
• A degree in a relevant field such as STEM, Economics, Data Science, Statistics, Business Analytics, or any other related quantitative discipline would be preferable.
• Experience with a programming language, ideally Python
• Experience with time series data modelling
• Articulate in describing complex forecasting results in a concise and clear manner

Ideal Candidate:

• 1-3 years’ experience in the energy sector
• Experience of forecasting energy volumes for a utility, trading house or similar
• Experience forecasting National Energy Demand or Generation
• Experience writing SQL

Benefits:

• 25 days annual leave in addition to Bank holidays.
• Discretionary commission/bonus scheme.
• Company pension scheme.
• Life and medical insurance, and eyecare scheme.
• Employee Assistance Program.
• Cycle to work scheme.
• Family-friendly policies.
• Recruit and Reward scheme.
• Access to perk box, our employee benefits and rewards platform