Full time Monday to Friday, 37.5 hours a week.
We’re seeking to recruit a Senior Cost & Risk Analyst in a new position to join the growing Commercial department.
WHAT YOU’LL BE DOING:
The Cost & Risk team sits within the Commercial department and is responsible for the control and forecasting of energy and third-party direct costs, related industry and market risks and our responses to industry change. This role will provide technical expertise and industry knowledge covering energy costs, third party costs and the related industry risks.
This new role will report into the Head of Cost and Risk and work alongside the rest of the team in making sure that our third-party costs are forecast accurately to maintain profitability and provide analysis of the outturn costs to ensure that the expected revenues are maintained.
As a 100% zero carbon electricity supplier, we must meet our environmental obligations, complying with these and trading the renewable certificates falls under the remit of the team.
As a team, we are also extensively involved with supporting product development and energy transition and optimisation and there will be aspects of the role which will feed into this.
YOU’LL BE RESPONSIBLE FOR:
* Forecasting of energy, third party and environmental costs for both pricing of customer contracts and financial planning; Forecast accuracy will be a KPI and this must be measured, tracked and reported.
* Ensure the timely and accurate implementation of cost updates for pricing and produce update reports.
* Contributing to the design and creation of cost forecasting methods and policies, together with relevant performance monitoring, proposing approaches based on sound statistical and risk management practices and incorporating robust controls framework.
* Maintaining and operating approved hedge and position management policies, e.g. in relation to environment certificates.
* Conduct risk assessment and modelling, in relation to pricing and customer contracts.
* Monitor transfer prices with Statkraft and ensure trading arrangements are conducted in compliance with Trading arrangements; engage with Statkraft on risk assessments and modelling of approaches and risk.
* Support operations relating to our renewable position, including cost updates, trading of environmental certificates in line with company strategy and regulatory compliance (e.g. industry submissions and audits).
* Carry out impact analysis of any relevant regulatory and industry modifications as well as industry cost structure changes, proposing responses where necessary and ensuring changes and their impacts are communicated appropriately across the wider business.
* Contribute to the identification, assessment and management of commercial risks facing the company, with particular focus on those relating to direct input costs and industry changes.
* Support as required with commercial assessments for business cases, e.g. for product innovation, and with structuring of new or bespoke product or service offerings.
* Designated delegation of authority for decisions as defined from time to time.
* Key stakeholders will be: Finance, Sales & Marketing (potentially including TPI’s for cost related communications), Statkraft and industry parties such as Cornwall, DNOs, NGESO, Elexon & Energy Transition partners.
THE IDEAL CANDIDATE:
What you’ll bring to the team:
* Excellent analytical skills to provide meaningful insight and inform actions/decisions with an ability to interrogate and manipulate large and complex sets of data.
* Ability to understand complex problems and datasets and able to propose solutions to problems.
* Ability to instigate and deliver change, delivering innovative solutions to complex commercial challenges and proposing process improvements.
* The drive and skills to develop and improve operational processes and controls.
* Effective management of internal and external stakeholders and operational processes that cross team boundaries.
* Proven ability to construct new analysis from scratch, collaborating with other departments to acquire the necessary input data and creating a structured approach.
* Excellent attention to detail whilst keeping your focus on the context and ultimate objectives.
* Effective and adaptable communication skills for all levels of the business, with an ability to explain complex issues clearly and succinctly.
* A hands-on approach with the ability to bring structure to tasks.
* Ability to work effectively and calmly under pressure, prioritise workload and meet deadlines.
* Enthusiastic delivery of regulatory compliance.
* Ambition and drive to progress yourself, your team and the business.
Education and Training:
* Qualified to degree level (a STEM subject would be highly advantageous).
* Highly numerate with commercial acumen.
* Excellent statistical, modelling and analysis skills to support robust risk modelling and risk-based price structures; able to apply sound theoretical knowledge to practical problems.
* An excellent knowledge of the current UK B2B electricity supply industry and regulatory regime is essential.
Abilities and Skills:
* Advanced Excel, VBA, Power BI are essential.
* Knowledge of Python or other coding language would be advantageous.
* Highly effective organisation and prioritisation skills with the initiative and ability to proactively plan and prioritise own work.
* Proactive and energetic approach, with a positive attitude and an ability to work well under pressure.
* Be an independent thinker with the ability to identify problems and contribute to the development of solutions, helping Bryt Energy to remain at the cutting edge of innovative thinking in the sector.
* Excellent organisational and time management skills with the initiative and ability to proactively plan and prioritise own work.
* Flexible and adaptable to respond to changing priorities.
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