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Lead Pricing Analyst

Lead Pricing Analyst

  • Location

    Manchester

  • Sector:

    Energy Procurement & Utilities

  • Job type:

    Permanent

  • Salary:

    Flexible Depending on Experience

  • Contact:

    Andrew Green

  • Contact email:

    andrew@Greenrecruitmentcompany.com

  • Job ref:

    LPA4

  • Published:

    2 months ago

  • Expiry date:

    2019-08-20

  • Startdate:

    ASAP

  • Consultant:

    Andrew Green

The Client

The Green Recruitment Company are working alongside a large, independent energy supplier in their expansion plans. The business is part of a global group and has sustained continuous growth over the last ten years. They are expanding into new markets and enhancing their customer base that has naturally seen a growth in headcount. They specialize in supplying energy to businesses of all sizes, being one of the largest in the b2b space in the UK. They put the customer at the forefront of their operations, which sees them challenge, develop and invest in their staff whilst continuing to grow and build a European retail organization. They need people with ambition, a passion to succeed and a creative drive to bring innovation to the energy space.

The firm holds their values at the core of everything that they do. They have a consultative approach to their customers, understand the requirements and challenges at hand and identify how they can add value. A passion for excellence, growth and learning they are committed to making hires for individuals that are looking for a long-term career. They encourage new ideas in how they do business and this role will have influence on the division for years to come.

Job Purpose

The lead pricing analyst will need to provide competitive commodity & risk prices to Sales within a tight timeframe: for both Gas and Power, and for Europe. Specific duties/responsibilities:

  • Update the commodity price curves based on the latest market prices & volatility
  • Update the demand profiles in our pricing systems, using inputs from Forecasting
  • Provide bespoke risk premiums, and update the tables of ‘standard’ risk premiums in our systems
  • Provide transparency to management about the level of margin in the commodity & risk premiums, and work with Sales to optimize margin for competitive tenders
  • Support the locking of new business and swaps
  • Support process & systems improvement for the tasks above

You will support management in identifying, prioritising, and planning for pricing projects. You will then take a lead role in the delivery. The scope of the projects includes:

  • Pricing risk identification & quantification
  • Updating assumptions & calibration data for the risk models
  • Support hedging and forecasting strategies

Accountability/Key Responsibilities

Technical skills:

  • numerically competent
  • able to apply maths to calculate commodity/risk prices
  • able to work with IT to update pricing parameters/code in our IT systems
  • able to analyse how existing pricing models in Python/Excel work