Up to £45,000 + 20% bonus
about 2 months ago
The Senior Energy Forecasting Analyst is responsible for trading and managing client positions within the energy portfolio.
We have a new opportunity for a Senior Forecasting Analyst, based in London.
The jobholder is to be able to work both autonomously and within a team, providing help to less experienced Forecasting analysts. Some business travel to entities may be required for training & to fulfil the role. Based in a fast paced environment, with rapidly expanding geographic responsibilities, the position requires daily interaction with other departments within the Procurement function.
Role and Responsibilities:
- Development of short term demand forecasting methodologies for PGE European electricity and gas portfolio. Ensure that models/processes used are accurate and facilitate a timely delivery of data to the Procurement team
- Proactively manage standards and pre-empt events and portfolio changes.
- Monitor forecast error, report on forecast performance and perform analysis which will further develop demand forecasting methodologies in order to improve the accuracy of demand forecasts
- Analyse system prices which may lead to high imbalance costs
- Explain periods of volatile consumption and subsequent forecast errors if necessary
- Analyse prompt balancing and outturn Profit & Loss performance
- Address ad-hoc queries from internal & external stakeholders.
- Lead improvements to the efficiency and accuracy of existing operational tasks, and implementation of new tools focused on performance improvement
- Manage projects with IT, raising faults or suggesting improvements to systems which will enhance the team’s reporting
- Approve User Acceptance Testing and manage the implementation of new data management systems
- Previous commercial experience within the Electricity and Gas industry (2/3+ years)
- Degree in a numerate/analytical discipline e.g. Economics, Statistics, Computer Science (essential)
- Strong analytical ability (essential)
- Strong communication skills; ability to communicate technical arguments to non-technical audiences (essential)
- Good knowledge of Microsoft applications, in particular Excel and Access (essential)
- Knowledge of SQL & VBA
- Adaptability and capacity to improvise is highly regarded given tight deadlines necessitating quick decision making