LNG Trading Analyst
£65000.00 - £80000.00 per annum
OVERVIEW This well known integrated oil company with a global presence is looking to hire a LNG Trading Desk Analyst. The LNG Trading Desk Analyst position is a permanent role based in London to support the LNG trading department. KEY RESPONSIBILITY AREAS: Adhere to all relevant compliance and trading procedures and rules. In addition, the job holder will provide support to the analytics Team and the LNG trading Team in the key areas described below (in order of importance): Model Development and Data Automation; Scraps LNG supply and demand data from various sources in an automated way. Ensures that data are available in a database. Develops and implements supply and demand stack models to forecast LNG flows and price/spread. Market intelligence Support; Develop extensive network with external market players Acquire information from industry network. Trading Strategy Support; Contributes in discussions of trading ideas of other traders. Develops models to back test trading strategies. Develops models to score and select trading idea and strategies based on agreed parameters. System Enhancement; Drive IT enhancements required to trade new products by being the interface between Front Office and departments such as IT or Middle Office. Builds systems or system add-ons that are required to broaden the desk's product capabilities. Methodology Advice; Gives input on best-practice risk measurement and pricing techniques. REPORTING RELATIONSHIPS: This position reports to the LNG Analytics Manager and is expected to develop and maintain close ties with the following external and internal interfaces: LNG Traders Other Traders Originators Trading desk analysts Other, longer term oriented Analytics teams Peers at other energy trading companies CANDIDATE SPECIFICATIONS: 4+ years of work experience in a trading house, utility, analytics provider, consultancy. Experience in energy commodities trading (ideally LNG). Ability to build models to: scrape data from various sources and warehouse them, analyse price formation, manage trading positions. Understanding of the fundamental drivers of global LNG market as well as local power, gas and carbon markets. Computer programming skills (good knowledge of at least one programming language). Ability to clearly and concisely communicate. Ability to work under pressure, time constraints and to establish priorities. Strong negotiation and influencing skills. Authenticity. Strong team working skills and ability to nurture effective relationships internally and externally. LOCATION: London; International business travel maybe required.
Gas & Power Shift Trader
£60000 - £65000 per annum
Overview An opportunity has arisen for us to recruit a Gas & Power Shift Trader to join an expanding 24/7 Gas & Power Trading team. As part of the Commercial Trading team, you will be responsible for the management and optimisation of 4.7 GW of UK generation capacity owned by the business. You will be responsible for executing trading strategies, utilising your expertise in the UK wholesale energy markets and the balancing mechanism, optimising thermal generation plant to maximise gross margin, and offer support to the wider business functions when required. The role will be based at the London Office, where Trading, Risk, Policy, Investment and Corporate Finance functions are hosted. Key Responsibilities and Duties will include:- Reporting to the Shift Trading Manager, the key responsibilities and duties will include:- Trading within day gas and power markets, working as part of a 24/7 operations team on a full shift rotation basis Devising, developing and implementing short term trading strategies, using short-term and Balancing Mechanism markets to optimise generation and maximise overall plant revenue Dispatching our portfolio to capture gross margin from optimal generation/trading decisions, operating within credit guidelines and risk limits Managing the business's contracted positions to avoid exposure to volatile and punitive imbalance charges Coordinating and planning short term outages to minimise commercial impact, and manage the process of units returning to service Ensuring all power market license conditions are upheld through good communications with the relevant network operator(s) and implementation of network codes Adhering to the business's Trading Guidelines and Delegation of Authority processes Assisting with requests from stakeholders across the group when required, helping to promote the team and support the successful growth of the business Ideal Candidate Good knowledge of the energy industry, including gas and power operations Experience of the UK Spot and OTC markets would be highly desirable Ability to quickly translate complex analysis and accurate interpretation of market and system data thus ensuring optimal trading and asset profiling decisions are taken Excellent computer skills, SQL, VBA Understanding of Grid Code Behaviours High level of analytical skills and attention to detail Ability to work effectively as part of a team and alone Ability to cope with pressurised situations and adhering to deadlines Effective communication and time management skills Qualifications The post holder should be qualified to degree level or equivalent Remuneration The successful candidate will be appointed on a personal contract which reflects the responsibilities of the role as well as the abilities of the individual. Further benefits:- Private medical insurance Competitive pension option Bonus opportunity
Smart Propositions Manager
Overview My client are experts creating shared value through initiatives which reduce cost, drive efficiency and deliver sustainability e.g. participation in demand side response (DSR), deploying innovative storage solutions, energy monitoring and targeting and energy risk management. Purpose: To successfully gather intelligence on existing and new smart meter propositions to take to market, develop and present businesses cases for new propositions in line with the company strategy and own the development and delivery of propositions quickly. Dimensions: To achieve the target annual gross/net margin, volume and site numbers across the business through the successful release of new propositions to market. Key accountabilities: Understand the strategic direction the company, its target market(s) and its financial ambitions and how smart meter propositions are expected to contribute towards meeting these. Carry out market and competitor analysis and ensure that the smart meter propositions roadmap anticipates and responds to trends to ensure that Opus is at the forefront of smart product innovation. Coordinate development of new standard and bespoke (tactical) smart meter propositions in response to customer needs and in line with the company's strategy. Act as a smart meter proposition evangelist to build awareness and understanding across the business. Ensure internal teams and partners have knowledge of the specifics & key aspects of all propositions. Represent the company by visiting customers to solicit feedback on new and existing smart meter propositions. Hold regular one-to-one interviews and collaborative workshops with stakeholders and subject matter experts to develop a solid understanding of Opus' product and service capabilities, market opportunities, and to encourage new smart meter proposition ideas. Develop and implement test and learns for new smart meter propositions working closely with teams across the business. Based on results of the key test and learns consider the long-term proposition/opportunities, develop a go to market plan action and then implement these. Draft and present proposals and business cases for approval to relevant stakeholders for new smart meter propositions that are in line with the company's strategy. Once approval has been gained, work with relevant teams to get smart meter propositions delivered quickly and within budget. Share key learnings, smart meter proposition visions and delivery plans with senior stakeholders. Ensure that smart meter propositions go through the relevant compliance/risk sign offs before launch. Knowledge, Skills and Experience required: An understanding of B2B/B2C energy supplier propositions or mobile pay as you go propositions Excellent interpersonal skills with the ability of hold workshops and interviews with internal and external customers Commercial minded with B2B sales or commercial experience An ability to interpret data and gain the insight to provide the basis of strategy development Ability to communicate with senior executives of the company, lead meetings and present to board level executives Special Features: Travel to customer, third party intermediary and other Retail offices Measures of Success: Identification of a target number of new proposition ideas to be screened, proposed and approved within each calendar period Successful development and release of new propositions to market within expected timescales and budget Achieving relevant sales target through successful propositions to ensure maintained business growth Company Values: Ability to communicate with senior executives of the company, lead meetings and present to a senior level Demonstrate commercial and strategic acumen Ability to lead, motivate and manage a team
Smart Metering Service Delivery Manager
Overview My client are experts creating shared value through initiatives which reduce cost, drive efficiency and deliver sustainability e.g. participation in demand side response (DSR), deploying innovative storage solutions, energy monitoring and targeting and energy risk management. Purpose: Lead the Smart Metering service delivery team. Establish a scalable and reliable team with solid processes to support operational rollout of smart metering to all our eligible customers by 2020 Success is measured through the strong performance of key business indicators including meter exchanges, appointment pipeline, & post-installation customer experience. You will lead your team in delivering excellent customer experience and develop our working practices to ensure our service meets our regulatory requirements and evolves and improves over time. Dimensions: Head of a team of circa 10 FTE; you will be completely responsible for owning the achievement of the Key Performance Indicators for smart meter service delivery, to ensure the operational rollout of smart metering to eligible customers by 2020. You will ensure that your team are making customer appointments in a professional and compliance manner in order to meet regulatory obligations for smart metering rollout and that you are fully compliant with safety and security obligations within your remit. The team shall deal with all smart metering queries in a timely manner and ensure that the smart metering knowledge within the Customer Operations teams increases. You will continuously review processes for efficiencies and ensure costs are minimised. You will encourage and demonstrate a clear commitment to personal development of yourselves and the employees within the team. Key Accountabilities: Build team in accordance with business planand business need Drive and maintain a high level of performance from our smart metering agents to progress the smart metering rollout Develop and maintain structured escalation processes between the company and all contracted metering agents Lead, motivate, train and develop staff within agreed policies and practices to maintain an effective workforce capable of meeting its objectives Manage, develop and continually motivate team members within your area with a shared interest in the development of employees within the team Establish effective working partnerships with other functions and other Customer Operations teams clearly understanding and utilising the interdependencies that exist to maximise operational performance Re-engineer relevant aspects of workflow to reduce costs and/or maximise productivity Ensure delivery against core objectives through the consistent application of 121 reviews and personal development coaching Keep staff fully informed of major business issues and establish an effective two-way communication channel Manage attendance with particular attention to monitoring sickness and addressing potential work related issues contributing to lack of attendance/team performance Request, interpret and respond appropriately to MI and be able to demonstrate progress resulting from planned activities Co-ordinate workflow reprioritising workloads as necessary to ensure all critical activity is completed within deadlines on a consistent basis to a high degree of customer satisfaction Ensure the consistency of application of current operating procedures within the department implementing corrective action where applicable to ensure compliance with agreed procedures Knowledge, Skills and Experience required: An understanding of the Electricity industry and the regulatory environment that governs the industry Experience and knowledge of smart metering requirements, processes and customer challenges A proven people manager with the ability to motivate and drive performance through others on a consistent basis through the application of coaching, influencing and negotiation techniques A proven ability to challenge decisions and drive process improvements, not afraid of speaking out. Courage of convictions Excellent communication and interpersonal skills combined with the ability to vary management style to suit differing situations Experience of working within a structured performance review system with direct experience of dealing with underperformance utilising a variety of techniques Strong team player, able to work effectively as a member of the Operations management team sharing working methods to enhance overall performance of the Operations function Experience of building relationships and working with internal and external counterparties Experience of leading a successful team with the ability to motivate and deliver results through others and an aptitude for the development of team members Proven ability to effectively plan and organise in the short, medium and long term Special Features: Off-site meetings as and when required Measures of Success: Delivery on target for smart metering rollout How You Need to Act: With Integrity - Always operate with honesty and transparency. Consider both the customer and the company when making any decisions. Inspirational - Be creative with your ideas, and bring a strong work ethic that drives towards the companies and your personal goals. Show others what high performance looks like. With Impact - Deliver and exceed the results required. This includes both financial targets and other areas that you identify that can deliver value or improve Involve - Be inclusive in everything you do. Understand that by working with others you can achieve more, and support in your own and others development.
Non Commodity Manager
Overview My client are experts creating shared value through initiatives which reduce cost, drive efficiency and deliver sustainability e.g. participation in demand side response (DSR), deploying innovative storage solutions, energy monitoring and targeting and energy risk management. Purpose: Non commodity charges are charges levied by Industry Participants on a Supplier for the costs they incur in the balancing, transmitting and distributing electricity across the network. They also include charges or taxes levied by Government bodies to recover subsidies for things like renewable generation. Non commodity charges are now a significant proportion of a customer's bill and therefore present a substantial financial risk to client's profitability. It is therefore essential that the business is able to recover these costs from customers through the accurate forecasting of charges and effective implementation of them into our pricing and billing systems. This role is fundamental to maintaining our client's profitability by ensuring costs are fully recovered from consumers in a fair and transparent manner. Dimensions: Reporting into the Head of Trading, Forecasting and Analysis you will initially work independently, utilising existing resource within the wider Commercial team, to consolidate a number of key non commodity activities. You will also work closely with the Group Market Analysis (GMA) team and the Sales and Operations teams. You should possess a good analytical mind, be able to work under pressure to strict deadlines and be comfortable presenting recommendations to stakeholders around the business to facilitate effective decision making. Key Accountabilities: Act as the principle representative for all non-commodity charges Understand, analyse and challenge the implications of Group Market Analysis (GMA) team's outputs as well as the impact of future regulatory changes. Propose required actions taking into account an estimate of the likely impact of changes to non-commodity costs and their portfolio of customers. Share regular and proactive communication of GMA forecasts and their underlying assumptions with internal stakeholders. When required interact with customers and have the confidence to explain developments in Non-Commodity costs. Work with the Marketing team to create the Non-Commodity cost newsletter which is distributed internally and externally every 6 months Ensure effective processes and tools are in place to manage reconciliation and validation of non-commodity costs and where appropriate their recovery from customers e.g. customers on pass through contracts. Support Group Regulation in analysing regulatory changes relating to non-commodity costs (including DCUSA/CUSC changes as well as DECC/Ofgem publications). Assess the impact on current and future business plans. Take a supporting role in responding to relevant consultations and participate in appropriate workgroups to influence modifications. Oversee the development and operation of models to monitor, report and forecast levels of credit cover and associated collateral requirements in line with industry agreements / codes Monitor actual credit cover percentages and identify where the level of cover should be increased/decreased. Undertake scenario planning for known out of the ordinary events and unexpected events. Ensure robust processes are in place for out-of-hours response to credit cover issues including training / briefing for all individuals involved In conjunction with Group Regulation actively manage relationships with counterparties and industry bodies (including DNOs/NGET/LCCC/ELEXON/DECC) and initiation of change where appropriate. Identify potential risk exposures resulting from poor business practices and take remedial action to mitigate those risks. Document all processes and monitoring requirements to a high standard to support implementation and auditability. Knowledge, Skills and Experience required: Essential * A good understanding of retail electricity markets and in particular non commodity costs. * Be highly numerate and diligent with a practical approach to problem solving. * Well organised and capable of working under pressure and on own initiative. * Proficient in building strong relationships with key stakeholders across the business. * Good analytic skills, capable of working with large amounts of data and multiple data sources. * Capable of interpreting patterns in data and understanding what they mean for the business. * Confident and professional at all levels with excellent communication skills. * Intermediate/Advanced Excel skills. Desirable * You possess a good honours degree in a numerate discipline or equivalent. * Working knowledge of VBA, SQL and Python. * Good understanding of financial modelling. Measures of Success: Profitability is protected with a strong focus on non-commodity cost recovery and reduction. Proactive approach taken to managing non commodity costs and ensuring recovery from customers through pricing and billing. Agreement of forecasts between HPL and GMA- regular review process in place and implemented by both parties. Positive feedback from stakeholders on communication of analysis and forecasts. More specifically, feedback indicates that communication is tailored to stakeholder needs. New processes and procedures are well documented and shared with key stakeholders. Tools are fully documented and fit for purpose. Production, validation and loading of relevant information into appropriate systems in a timely and expedient manner. Non commodity invoicing is accurate with the appropriate level of transparency. Actual credit cover percentages are accurately monitored and tracked monthly with no credit cover breaches. Early identification of changes to collateral requirements. Group collateral levels minimised wherever appropriate. The Commercial Director has solid evidence on which to base proposals for revisions to the level of security cover. Effective and timely contributions for relevant consultations. Good rapport developed and maintained with counterparties and industry bodies together with other industry stakeholders and Group counterparts. How You Need to Act: Initiative - you act and decide promptly and you spot emerging opportunities/problems by looking ahead. You take action to prevent problems developing and you exploit opportunities. Relationship Building - you build a network of contacts within and outside the organisation, actively getting to know and appreciate others who bring a different perspective. You know where to go and whom to ask for information, skills and support Impact & Influence - you identify a clear objective, you use facts, data and rational argument to influence others and you communicate in a clear and professional manner Team Worker - you work with others to deliver results and provide support Organiser - you plan your day to ensure that your work is completed on time and to standard Open - you have an open attitude to learning and innovation
Senior Oil Trader
€102000.00 - €108000.00 per annum
OVERVIEW Our client is an international fuel oil trading house and is a leading provider of customised hedging solutions for the management of price risk on fuel expenses. Combining in-depth knowledge of the oil markets, finance and transport, they trade the "entire barrel" of financial oil and oil-related products and help clients escape the uncertainties related to the volatile oil market. Area of Responsibility: Responsible for providing liquidity to customer flow and capturing bid/offer spread. Actively working to cover the desks opening hours Responsible for acting in accordance with instructions from Head of Trading, including proactively ensuring that no compliance breaches occurs. Purpose of the Senior Oil Trader position: Provide liquidity for customer flow and capturing bid/offer spread. Co-manage risks and PnL in joint portfolio Actively support Sales Knowhow Analysis Sparing Create and develop own portfolio in accordance with risk mandate Develop tools and trading strategies that supports their flow business Report trading activities to Head of Trading Personal Characteristics: 5 year professional experience in the oil market with a strong knowledge in Fuel Oil and a broader knowledge of the rest of the barrel Adjustable/flexible Working hours Working area (trading not just one thing) Location Compliant Creative Determined Ability to work on his/her own Remuneration: EUR 8500-9000/month + performance bonus % of PnL
Oil Corporate Sales Specialist
£70000 - £80000.00 per annum
My client is looking for an Oil Corporate Sales Specialist to work for an investment firm focused on cross commodity trading across physical and financial Emissions, Oil, Coal, Power, Gas and Weather Derivatives. The firm has significant carbon experience commercialising credits, fund management, trading, development and origination. Description Business Overview: The commodities team work with corporate clients and public sector to originate and structure derivatives solutions in Flow Trading and Structured Solutions. Transactions arise largely from client risk management needs in the Commodities and Credit spaces. Core topics for solutions origination include financing, liquidity, and risk management Primary Responsibilities: Responsible for generating revenue on corporates (Public, Large Corporates, SME, etc) side of the products suite. To pro-actively drive derivative product distribution across borders into the corporate clients. To explore new products and consultative solution with specialisation on oil. To continually explore opportunities with new accounts and deepening of relationship with existing clients. To cooperate and work with colleagues locally and globally across different functions. What the business can offer: A dynamic job, at a top, cross-border, markets business Meritocracy Job with no hierarchy. You get to challenge everyone, and rise to your natural level Work with similar colleagues to create a dynamic environment Become the pre-eminent solution provider for clients with complex problems Qualifications Requirements: 2 to 7 years of experience with a proven sales / client relationship track record Experience on derivative products preferred Bring an existing corporate client base Candidates should be: Curious about financial markets, how they affect clients, economies, everyday life Honest and ethical Undergraduate or graduate degrees welcome Fluent in English, although other European languages are all welcome
European Cross-Commodity Trader Gas & Power
£70000.00 - £90000.00 per annum
BUSINESS OVERVIEW Markets & Products: Our client provides access to a range of energy and commodity products including natural gas, power, emissions, crude oil, refined products and coal. They actively trade on a number of exchanges and OTC markets. They provide pricing and liquidity on standard products as well as more complex and structured strategies, including spot, futures, forwards, options, swaps, swaptions, index products, swings and spreads in various currencies. Trading & Execution: The experienced Trading & Execution teams provide Clients with access to energy market liquidity, market intelligence, analysis and energy pricing for spot or forward curve management. Clients can also access their online trading platform, which offers live market pricing and the ability to securely trade a range of commodities and other products. Primary Responsibilities: European cross-commodity trader for mainly power and gas in illiquid markets (Carbon, also oil and other markets to build a strong client business) Focus on promoting and helping to build a client business with corporates Making markets Travelling with sales people Producing bespoke trades / structures with experience of both cleared and OTC business. Proprietary trading around the clients Experience: 5+ years Trading Experience working in a banking environment Ability to promote a client business
£70000 - £80000 per annum
Overview To originate and close physical commodity transactions (gas), financial derivatives transactions (gas, LNG, oil, weather) and natural gas storage transactions across the geographies where our client has a trading presence with the objective to generate a pre-agreed PnL target. Our client is a Global Energy Supply and Trading Business. The company trades energy commodities including Gas, Power, Oil, LPG, Helium, Emissions, LNG and FX and also operates a retail business. Role Objectives To originate and close physical commodity transactions (gas), financial derivatives transactions (gas, LNG, oil, weather) and natural gas storage transactions across the geographies where our client has a trading presence with the objective to generate a pre-agreed PnL target. To work in partnership with both Storage and Derivatives Trading, Structured Trading teams and Treasury teams to support the development of the derivatives and storage activities. Supporting the optimisation and the expansion of our client's physical gas portfolio Duties & Responsibilities Delivery of challenging financial targets and associated performance measures Establish new and maintain existing relationships with our client's customers and counterparties Working with the structured trading, trading and funding desks to generate transaction and optimisation ideas across the remit of the role (derivatives, storage, funding) Working with Structuring & Pricing teams to understand and independently verify and check pricing and economics of each transaction before conclusion Provide clear and effective commercial expertise to contract drafting and review (EFET and ISDA) Responsible for over-seeing the effective booking and integration of transactions within the organisation Ensure that any transaction considered is in compliance with all internal mandates and policy of our client (regulations, risk, compliance, legal etc) Skills & Competencies Strong business acumen; able effectively to deliver in a dynamic environment with rapid business growth. Ability to meet tight deadlines in a pressurized environment. Excellent analytical skills. Excellent attention to detail and ability to handle complexity. Proactive self-starter. Collaborative team player. Able to build strong relationships with support groups. Verbal and written fluency in English. Additional language, particularly Spanish, Italian or Greek are a plus Experience Energy commodity sales or trading or origination experience is essential, particularly exposure to European natural gas markets. European Gas Storage experience is advantageous LNG physical or derivatives experience is advantageous (NOTE: The role doesn't include physical LNG cargo transactions) Experience in commodity linked financing/funding is advantageous Demonstrable history in spearheading new initiatives, markets or products is strongly advantageous. Solid understanding of the European energy industry, market and trading activity specifics is essential Good understanding of risk management techniques from a front office perspective is advantageous Knowledge of trading tools such Bloomberg, Trayport, ICE etc. is desirable Education Degree level education in a numerate subject preferred (or equivalent experience
This well known integrated oil company with a global presence is looking to hire a Business Developer in their London office. The role, under the supervision of the Head of Business Development, will be responsible for contributing to the development and execution of the Oil Trading strategy of the trading business. MAIN JOB FUNCTION Seek out opportunities to deliver the trading strategy. In close co-ordination with other parts of the company, develop and deliver integrated opportunities that add value to affiliates other than the trading business. Work closely with the Trading teams to negotiate and execute transactions that create material and sustainable value for the trading books The job holder is responsible for and takes part in: Delivering profitable transactions in line with the company strategy; Ensuring that the trading teams are committed to the deals being pursued; Building and maintaining strong relationships with external clients and customers; Building and maintaining strong relationships with internal stakeholders Maintaining a deep understanding of the crude and products markets; Assisting in the development of strategies for the trading books; Developing deal structures to deliver the greatest value from opportunities; Provide analytical assessments to support the approval process for transactions; Coaching junior members of the team KEY RESPONSIBILITIES negotiate and conclude transactions within an agreed strategy to generate value; ensure that all transactions are supported and approved by the relevant trading bench; ensure that all transactions are approved through the agreed deal approval process; provide insight and support to the development of the long-term strategy; maintain regular communication with key personnel in Upstream, Refining & Marketing to identify and deliver new integrated projects; maintain regular communication with key clients and customers; develop new relationships with external parties (producers, refiners, marketers, storage companies, banks and financial institutions) to deliver transactions in accordance with agreed strategy; develop and present analysis to management on future business development opportunities; track and communicate to colleagues developments in the market and relevant market intelligence, including supply and demand balances and competitor activities; support the other members of the business development team in developing long-term asset and contractual positions in line with the long-term strategy; guide and mentor the junior members of the team; ensure all activities are carried out in compliance with all relevant policies and regulations; CANDIDATE SPECIFICATIONS preferred qualification is a Degree (with preference for numerate subject such as Engineering, Mathematics or Economics); more than 3 years of experience in trading or business development in a trading environment; proven track record of delivery; knowledge of the use of derivatives in structured transactions experience with financing in a trading business; knowledge of market fundamentals; experience of refining and upstream operations and processes considered as beneficial; strong team player courageous, confident, resilient, dynamic and disciplined; experience in working in a global and international organization; strong written and verbal communication skills and ability to build and nurture effective relationships internally and externally; full command of English language (written & spoken); knowledge of any other language would be beneficial.
£80000 - £85000 per annum
Overview Originator based in London, the UK Origination team provides trading services for several internal and external clients in the UK. The business provides a range of optimisation, hedging, market operations and analytics services for these clients. The UK Origination team needs a new Originator to take advantage of exciting opportunities open to the team as part of the energy transition. These opportunities are likely to involve a wide range of structured contracts involving trading power, gas and renewables. This is a permanent senior position reporting to the Director of Origination and Term Trading. The new Originator will be motivated, numerate and commercially driven. The successful candidate will: Have the commercial acumen to identify and develop potentially profitable opportunities Take ownership and responsibility for such opportunities Be a team player working closely with other originators and shift, short term and long-term traders and other related teams such as UK Risk Be comfortable inter-acting and negotiating with internal and external stakeholders and other departments and regions where necessary Be able to specify and understand analysis provided by the Valuation and Analysis team so that conclusions can be drawn Display understanding of the implications of contractual issues such as credit arrangements Recognise the importance of customer service, providing responsive solutions to our clients' needs Be able to produce concise and persuasive reports and presentations Be able to articulate proposals efficiently in a manner that engages the audience Have good spreadsheet skills Demonstrate outstanding organisational and interpersonal skills. And, most importantly, utilise skills to identify, develop, get management and peer approval for and successfully implement new proposals and agreements - all done with a positive attitude The successful candidate will be educated at least to degree level, preferably, but not necessarily, in a numerate discipline and have a good understanding of the trading landscape in GB energy markets. Additionally, experience of negotiating structured contracts and the underlying financing arrangements of energy projects will be a distinct advantage.
Energy Services Solutions Manager
£50000.00 - £60000.00 per annum
Overview: My client are experts creating shared value through initiatives which reduce cost, drive efficiency and deliver sustainability e.g. participation in demand side response (DSR), deploying innovative storage solutions, energy monitoring and targeting and energy risk management. Purpose: To act as principle in the evaluation of concepts and ideas and to develop and deliver new products and ways of working which will increase margins, strengthen retention and make a significant contribution to EBITDA. To lead a team of Analysts in the delivery of energy solutions, in line with the business plan objectives. Dimensions: Support margin growth and requisite volume retention over the term of 5 year retail strategy. 3 Direct reports Key Accountabilities: Develop the ES solutions function to improve capability and help create new enduring revenue streams Lead, motivate and develop a team of ES analysts to deliver the objectives of the ES plan. Develop the analytical capability within the ES function to evaluate opportunities, develop solutions and inform the wider business on strategy and investment decisions. Oversee the development and interrogation of commercial and financial models, identifying and articulating scenarios as appropriate. Establish a robust framework, including appropriate governance, for evaluation, design, authorisation and implementation of ES initiatives in conjunction with key stakeholders. Work closely with external partners where the company has limited or no capability in a specific area. Present recommendations to Senior Management clearly demonstrating business benefits and associated risks. Articulate recommendations succinctly, confidently and with integrity. Put in place clear delivery plans to enable either the direct implementation of new initiatives within the Commercial team (wholly or in part) or to establish and embed the activities within other areas Support the operational delivery of ES initiatives across the company promoting exemplary customer service. Knowledge, Skills and Experience required: Experience of leading and motivating a team whilst building a new function. A deep understanding of the UK energy markets as well as good insight into customer behaviours. Experience of analysing business cases and contributing to financial modelling. The ability to confidently articulate and communicate complex issues at a senior level, both verbally and in writing. Experience of, building relationships and working with external partners. Ability to work with internal stakeholders across the business to deliver results on time & on budget. Capable of determining priorities from conflicting work demands. Strong analytical and numerate skills including advanced excel. VBA and SQL are desirable. Measures of Success: ES initiatives make a positive contribution to the P&L and improve retention. ES delivers a "solutions" function which supports the evaluation and implementation of new concepts and ideas. Good relationships are developed both internally and externally, leading to better ways of working and long term partnerships. ES initiatives are effective in delivering value for both the company and the customer. ES initiatives are delivered in a timely and expedient manner (note, success may include testing the market and failing fast). Interactions with key stakeholders are high quality with feedback indicating that the individual is valued by the business. The Candidate: Have an innovative and enthusiastic approach to researching and developing new ideas to meet business objectives. Can inspire others to support a strategy which drives improvement and delivers enhanced profitability. Can adjust communication style to meet the needs of the audience; selecting the most appropriate media, tone and language for the situation. Demonstrates a real passion for learning combined with a strong commercial focus. Demonstrates an aptitude for teaching others and helping them commercially evaluate opportunities. Strong presence in a team environment, helping to drive change and innovation
At Eleven, we know front office, back to front. We’ve supported the careers of mid to senior level front office professionals within the oil, gas and power sectors for 20 years, across Europe, the Middle East and APAC. Our clients include trading houses, IOCs, utilities, banks and brokers.
In the area of oil trading, we have a long history in finding roles for candidates in both physical and derivatives trading roles. Working together but specialising in different parts of the barrel, our team really understands the needs and complexities of each submarket in the international trading arena.
We’ve worked in the gas, power and LNG markets since the early days of deregulation, placing our first power broker in 1999 and continuing to specialise in trading, origination, sales, derivative marketing, quant analytics and operations/scheduling.
The proliferation of gas and electricity suppliers to the industrial, commercial and residential sectors has also presented an exciting opportunity to expand our network and find new roles for candidates in this dynamic part of the market.
You can view our current vacancies above, or get in touch for a chat about your resourcing needs.
GAS & POWER TRADING
GAS & POWER RETAIL
Head of oil trading
Head of LNG origination
Senior nat. gas prop trader
Lead business developer: PPAs
Senior crude oil derivative marketer
Lead originator, LNG
Senior structured gas originator
TPI relationship manager
National oil company
Senior LNG trader
Gas commodity marketeer
Supply & trading business
Power forecasting manager
Continental power prop trader
I & C direct sales manager
North Sea crude trader
Real time power trader & optimizer
European procurement manager
Gas and power shift trader
Lead quantitative analyst