Industry Cost Analyst

SmartestEnergy Limited; Greater London; On-site; GBP 50,000 - 70,000; Full time

Benefits offered by this job

Flexible working

Hybrid work model

Global team

Job summary

SmartestEnergy Limited is seeking an Industry Cost Analyst within the Optimisation & Structuring Group to support our Retail Pricing function and ensure accurate pricing of industry non-energy costs across GB retail and generation contracts.

You will forecast and maintain industry cost data, assist with new retail pricing services, and provide specialist advice on industry charging to stakeholders across Sales, Trading, Operations, Risk and Finance.

Qualifications

• Numerical/analytical capability with financial modelling experience.
• Experience modelling industry costs including network charges and policy costs.
• Understanding GB electricity market and energy product structures.
• Familiarity with macroeconomic factors affecting costs; strong Excel skills.

Responsibilities

• Pricing of industry non-energy costs across GB retail and generation contracts.
• Forecasting and maintaining industry cost data; supporting new pricing services.
• Advising on industry charging to stakeholders across the business.
• Ensure pricing reflects regulatory changes and information security policies.

Skills

Numerical analysis

Financial modelling

Industry cost modelling

GB electricity market

Macroeconomics

Excel

SQL databases

Tools

SQL

Job description

The Industry Cost Analyst plays a key role within the Optimisation & Structuring Group, supporting our operational retail pricing function and ensuring the accurate pricing of industry non-energy costs across GB retail and generation contracts. Reporting to the Retail Pricing Lead, the role combines technical expertise, analytical capability, and commercial awareness to maintain accurate pricing models, support operational pricing activities, and provide specialist advice on industry charging to stakeholders across the business.

You will also be responsible for forecasting and maintaining industry cost data, supporting the implementation and ongoing management of new retail pricing services, and ensuring pricing reflects evolving regulatory and market changes. Working closely with teams including Sales, Trading, Operations, Risk, and Finance, you will contribute to new product development, communicates industry cost developments internally and externally, and helps safeguard the business by ensuring pricing accuracy, regulatory compliance, and adherence to information security policies.

What skills/experience do I need to be successful?

Numerical / analytical experience, ideally with some financial modelling experience;

Applied experience of modelling industry costs, including network charging and policy costs;

Understanding of the GB electricity market is required (wholesale, capacity, balancing markets) and an understanding of energy market product structures;

Understanding macroeconomic factors, which may affect industry costs (inflation, supply/demand);

Knowledge of querying databases and strong capability in Excel is required.

What sets us apart?

Global Impact: With offices in the UK, US, 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.

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.

If you're a generator or a commercial and industial (C&I) business, you're in the right place.

If you're a micro or smaller business you should visit our SmartestEnergy Business website.