Industry Cost Analyst

SmartestEnergy; Greater London; Hybrid; GBP 40,000 - 60,000; Full time

Benefits offered by this job

Flexible working

Global opportunities

Travel may be required

Job summary

SmartestEnergy is seeking an Industry Cost Analyst within the Optimisation & Structuring Group. You will support our operational retail pricing and ensure accurate pricing of industry non-energy costs across GB retail and generation contracts.

You will forecast industry cost data, support new pricing services, and advise on regulatory changes. Collaboration with Sales, Trading, Operations, Risk, and Finance is essential to deliver pricing accuracy and compliant practices.

Qualifications

• Numerical and analytical experience, with some financial modelling.
• Experience modelling industry costs, including network charging and policy costs.
• Understanding of the GB electricity market (wholesale, capacity, balancing).
• Knowledge of macroeconomic factors affecting industry costs (inflation, supply/demand).
• Proficiency in querying databases and advanced Excel skills.

Responsibilities

• Forecast and maintain industry cost data.
• Support the implementation and ongoing management of new retail pricing services.
• Ensure pricing reflects regulatory and market changes.
• Communicate industry cost developments across the business and externally.
• Help safeguard pricing accuracy, regulatory compliance, and information security policies.

Skills

Numerical analysis

Financial modelling

Industry cost modelling

GB electricity market

Macroeconomics

Database querying

Tools

Excel

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, communicate industry cost developments internally and externally, and help 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.