Forecasting Analyst

Yes Energy; London; Hybrid; GBP 33,000 - 37,000; Full time

Job summary

Yes Energy is seeking a Forecasting Analyst to play a vital role in forecasting power and gas demand. This full-time position offers a competitive salary, hybrid work model, and the opportunity to develop strong analytical skills within a dynamic environment. Join us to contribute to the transformation of the energy industry with innovative solutions and impactful client relationships.

Benefits

Flexible work schedules

Non-contributory pension plan

30 days holidays

Qualifications

• Strong academic background in statistical theory or econometrics preferred.
• Eligible to work in the UK and willingness to learn.
• Experience or knowledge in data manipulation is a plus.

Responsibilities

• Forecast power and gas demand using Yes Energy’s software.
• Collect and clean data ensuring accuracy and integrity.
• Develop and maintain forecasting models.

Skills

Analytical skills

Problem-solving skills

Communication skills

Education

BSc degree in a quantitative discipline

Tools

Microsoft Excel

R

Python

Job description

Join the Market Leader in Power and Gas Trading Solutions

The electrical grid is the largest and most complicated machine ever built - and right now, it’s in the middle of being reformed and reinvented! Yes Energy’s industry-leading power and gas trading analytics software provides real-time visibility into a massive amount of data required to plan and efficiently operate that machine every minute of every day. Our unique and innovative view of the data informs real-time financial and operational decisions that keep utility prices low and the grid reliable. This drives innovation in this critical infrastructure. It’s challenging work with a purpose.

Be a part of our successful, growing business during national transformation.

Position Details

• Salary Range: £33,000-37,000 per annum
• Full-Time
• Hybrid: 2-3 days a week in the office
• Reports to: Forecast Analysis Manager
• Location: London, United Kingdom; Three minutes walk from London Waterloo station and a 15-20 minute walk from central London attractions such as Westminster, the South Bank, and the West End theatre district
  
  

Position Summary

The Forecasting Analyst will be responsible for the forecast accuracy of models supporting a portfolio of clients and, jointly with members of the Forecasting Operations Team, for the overall satisfaction of those clients. The Analyst will participate in various activities, including processing and managing data, building new and maintaining existing models, becoming an energy demand market expert on relevant aspects of the energy industry, and developing strong working relationships with clients within that portfolio.

Primary Responsibilities

• Forecast power and gas demand using Yes Energy’s software ecosystem.
• Collect and clean data from internal and external sources, ensuring data accuracy and integrity.
• Manipulate and analyze large datasets in the process of building models.
• Perform in-depth analysis of market trends, energy consumption patterns, and competitor activities.
• Develop and maintain data processing tools (data processing scripts, databases, and forecast deliveries), dashboards, reports, and visualizations to communicate key insights to stakeholders.
• Collaborate with teams across the organization to identify process improvement and innovation opportunities and ensure the delivery of our forecasts and services.
• Assist in developing predictive models and forecasting tools to support business planning and decision-making.
• Interact with customers by phone, email, and in person in our office or directly at their place of business.
• Present findings and recommendations to management and other stakeholders clearly and concisely.
• Research and develop methodologies around emerging energy trends and new markets, potentially leading to new product development.
• Participate in sales conferences and client support meetings in Europe and the Middle East.
  
  

Minimum Requirements

• BSc degree. A solid academic background in a quantitative discipline, including modules in statistical theory and/or econometrics. Postgraduate knowledge of statistical theory and/or econometrics is preferred.
• Excellent/Fluent English – written and spoken.
• Eligible to work in the UK.
• Willing to learn and develop new skills and to progress within the company.
• Good PC skills in a Microsoft Windows operating environment.
• Ability to work and cooperate as part of a team in a multicultural environment.
• Strong analytical skills and good attention to detail.
• Strong decision-making ability under pressure and time constraints.
  
  

Key skills and competencies required to take on this role:

• Strong analytical and problem-solving skills, with the ability to translate complex data into actionable insights.
• Excellent communication and presentation skills, with the ability to convey technical concepts to non-technical stakeholders.
• Proven ability to work effectively in a fast-paced, collaborative environment.
• Knowledge of econometric theories and statistical principles.
  
  

Desired Skills And Competencies

Proficiency in data manipulation and analysis using any programming language like R, Python, C#, VBA, PowerShell, and Excel, and an interest in gaining skills in scripting.

• Understanding of statistical/econometric analysis software.
• Familiarity with UNIX/Windows command line interfaces and databases such as MySQL or MS SQL Server.
• Experience in pattern detection and analysis of large data sets.
• Fluency in another EU language.
• Previous experience is preferred, especially if it is energy-related.
  
  

Overview

About Yes Energy

Yes Energy delivers real-time market data and electric power trading decision solutions. Over 1,000 market participants use Yes Energy solutions daily. The business is a leader in information content collection and management, developing and delivering data and market analytics solutions. Since its inception in 2008, Yes Energy has become a trusted and respected supplier of innovative and reliable solutions focused on the needs of power market analysts, traders, and trade managers. Yes Energy has a team of over 350 amazing professionals across the United States, Europe, and Asia.

Compensation And Benefits

We offer highly competitive salaries and real bonuses that are achievable and that you can impact. Our benefits package is also very competitive, including flexible work schedules, a non-contributory Pension plan, a cycle ownership scheme, staff wellness benefits, a company Bonus scheme, and 30 days holidays. Our London office is a 3-minute walk from the London Waterloo station.

At Yes Energy, we are dedicated to building a diverse, inclusive, and authentic workplace. If you’re excited about this role but your experience doesn’t perfectly align with every qualification in the job description, we encourage you to apply anyway. You may be just the right candidate for this or other roles.

Yes Energy provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, national origin, age, disability, or genetics. In addition to federal law requirements, Yes Energy complies with applicable state and local laws governing nondiscrimination in employment in every location where the company has facilities. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.

Seniority level

• Seniority level

  Entry level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Information Technology

• Industries

  Software Development

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