Forecasting Analyst

SmartestEnergy Business Limited; Greater London; On-site; GBP 55,000 - 90,000; Full time

Job summary

SmartestEnergy Business Limited is seeking a Forecasting Analyst to join our industry-leading forecasting team to develop and enhance electricity demand and renewable generation forecasts, applying data science to drive commercial value and support trading performance.

You will collaborate with Trading, Data and Technology teams to implement models on our evolving cloud-based platform, validate methodologies, and explore new data sources to improve forecasting accuracy and decision support.

Qualifications

• Proven experience in forecasting or predictive analytics.
• Experience in energy markets or high-value forecasting for business critical contexts.
• Strong understanding of statistical modelling, model validation and performance evaluation.

Responsibilities

• Develop, maintain and enhance electricity demand and renewable generation forecasting models.
• Improve forecasting accuracy to deliver measurable commercial value.
• Manage performance of forecasting systems, ensuring timely, reliable forecasts.

Skills

Forecasting experience

Data science

Statistical modelling

Model validation

Energy markets knowledge

Analytical mindset

Education

Quantitative degree

Tools

Statistical software

Cloud platforms

Job description

Are you passionate about predictive modelling, data science and solving commercially significant problems? Do you thrive on improving forecasting accuracy using advanced analytics and cutting-edge technology?

We're looking for a talented Forecasting Analyst to join our industry-leading Forecasting team. This is an opportunity to play a critical role in one of the UK's most innovative renewable energy businesses, where your work will directly influence trading performance, reduce imbalance costs and support the transition to a smarter, cleaner energy system.

Working alongside experienced forecasting specialists and reporting to the Head of Forecasting, you'll develop and enhance the models, data and forecasting capabilities that underpin our electricity trading operations. You'll have the freedom to innovate, test new approaches and help shape the next generation of forecasting technology.

How will I spend my time?

You'll combine data science, commercial insight and quantitative modelling to continually improve our forecasting capability. Your responsibilities will include:

• Developing, maintaining and enhancing electricity demand and renewable generation forecasting models.
• Continuously improving forecasting accuracy to deliver measurable commercial value.
• Managing the performance of our forecasting systems, ensuring forecasts are timely, reliable and continually refined.
• Designing and validating new forecasting methodologies using scientific testing and robust analytical techniques.
• Identifying valuable new data sources and evaluating their commercial benefit.
• Providing market analysis that supports hedging strategies by exploring the relationship between forecasts, forward markets, system prices and imbalance costs.
• Working closely with Trading, Data and Technology teams to integrate forecasting models into our evolving technology platform.
• Collaborating with forecasting specialists to share knowledge, challenge ideas and drive continuous improvement.
• Representing the Forecasting team internally and externally, contributing to the wider quantitative modelling community.
• Supporting the evolution of our modern cloud-based data and analytics platform.

What skills/experience do I need to be successful?

We're looking for someone with a strong analytical mindset and a genuine passion for forecasting and quantitative modelling.

You'll ideally have:

• Proven experience in a forecasting, quantitative analytics or predictive modelling role.
• Experience within energy markets, or another sector where high-value forecasting is business critical.
• A solid understanding of statistical modelling, model validation and performance evaluation.

What sets us apart?

Global Impact: With offices in the UK, US, Spain and Australia, and plans for further expansion, you'll be part of a dynamic, globally-minded team, with opportunities to explore new markets and make a difference on a global scale.

Flexible Working: Embrace the freedom to work from anywhere in the world for up to 30 days a year. We prioritize work-life balance, recognizing that your well-being matters. Find out more here.

Commitment to Diversity and Inclusion: We celebrate our diverse culture and value individuals irrespective of background, disability, religion, gender identity, sexuality, or ethnicity. Join a team where diversity is not just welcomed but celebrated as a key driver of growth and innovation.

What does hybrid working mean to us?

Hybrid working typically means 2 days in the office location listed on this advert and 3 days working at home each week. Some occasional travel to our other offices may be required.