Industry Forecast Manager

TN United Kingdom; Redhill; On-site; GBP 50,000 - 90,000; Full time

Job summary

An innovative multi-energy company is seeking a skilled Industry Forecast Manager to oversee non-commodity cost forecasts and ensure compliance with electricity market schemes. This role involves developing forecasting models, collaborating with pricing teams, and providing insights into future trends. Ideal candidates will possess strong analytical skills, excellent communication abilities, and a minimum of 5 years of experience in the gas and power sector. Join a forward-thinking organization dedicated to sustainability and energy solutions, where your expertise will contribute to shaping the future of energy management.

Qualifications

• 5+ years of experience in the gas and power sector with technical roles.
• Proficient in Excel and familiar with SQL and Power BI.

Responsibilities

• Manage forecasting models for non-commodity charges across gas and power.
• Collaborate with the pricing team for accurate updates to pricing systems.

Skills

Data Analysis

Communication Skills

Problem-Solving

Statistical Analysis

Excel

SQL

Power BI

Python

Tools

Excel

SQL

Power BI

Statistical Tools

Job description

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Location: Redhill, England, United Kingdom (Hybrid)

The Green Recruitment Company is working alongside a ‘multi-energy’ company, producing and marketing oil and biofuels, natural gas, green gases, renewables, and electricity.

The Role:

The Industry Forecast Manager is responsible for all non-commodity cost forecasts and compliance with various Electricity market schemes.

Responsibilities:

Non-Commodity

• Manage and develop forecasting models for all non-commodity charges across gas and power.
• Propose ongoing rate changes based on a thorough understanding of cost methodologies and analysis of underlying assumptions. Utilize statistical models to project future trends based on historical and forecasted data.
• Collaborate with the pricing team to ensure timely and accurate updates to pricing systems.
• Report on forecast accuracy, analyze variances, and develop reporting tools for internal (sales) and external (customers) use.
• Calculate actual and reconciliation costs for non-commodity charges and report findings to the business.
• Assist the pricing team with non-commodity customer inquiries.
• Work with marketing to produce quarterly non-commodity reports, providing clear insights into future outlooks.

Scheme Management

• Validate ongoing FITS scheme invoices from Ofgem and conduct quarterly and annual FITs levelisation to ensure compliance, supporting FITS audits as necessary.
• Create monthly FITs accruals for finance.
• Review and submit quarterly TNUoS forecasts to National Grid.
• Submit Capacity Market forecasts to EMRS and validate invoices.
• Manage EII exemption processes and certificates, including scheme change developments.
• Identify current and future risks and develop innovative mitigation strategies.
• Monitor inflation using external forecasts to adjust internal models accordingly.
• Coordinate with the pricing team to ensure fixed annual customer prices incorporate appropriate risk levels.
• Assess and monitor regulatory risks, gathering information from multiple sources in collaboration with the regulation manager.
• Implement approved risk strategies for non-commodity forecasts.

Your Profile:

• Excellent verbal and written communication skills, with the ability to interact professionally with executives, managers, and subject matter experts.
• Strong data analysis and reporting skills, with excellent analytical and problem-solving abilities.
• Minimum of 5 years of commercial experience in the gas and power sector, with hands-on technical roles and a reliance on experience and judgment to achieve goals.
• Proficient in Excel; working knowledge of SQL, Power BI, and statistical tools such as Python is desirable.