Senior Front Office Quantative Analyst
We have a rare opportunity to be part of a growing energy trading team for an award-wining, cross-border, commodity markets business. Our client is an investment and energy trading group focused on global commodity markets with activities spanning asset management, trading and physical supply. The job offers possibility to develop trading and risk management approach with experienced trading team. The team works with corporate clients and the public sector to originate and structure physical and derivatives solutions in Flow Trading and Structured Solutions within Energy market. Our client is looking to strengthen analytical capabilities for modelling of the short-term UK power market, global oil and refined products, including systematisation of trading signals Qualifications Candidates should be: Honest and ethical, with some core values: Protecting firm, protecting clients, following all rules and regulations, letter & spirit Strong analytical, communication and organizational skills with excellent attention to detail Demonstrates the ability to work independently and as part of a team environment Effective communicator, creative and strategic thinker, self-starter Ability to work in a fast-paced, transaction-oriented environment Requirements Strong expertise in VBA / Python / front end databases Have a statistical background Reuters/Bloomberg data gathering (helpful not mandatory) Experience of commodity markets (helpful not mandatory) Fluent in English, although other European languages are all welcome
Energy Services Analyst (6 month contract)
Job Title: Energy Services Analyst Location: Suffolk or London Salary: Negotiable Background: Our client has a vision to be the energy retailer that helps its customers employ "a better use of energy" and in a more sustainable way. To support this vision our client is investing in its Energy Services business and growing its capability. Purpose: To support the team in the delivery of ES initiatives, in line with the business plan objectives. To make a valuable contribution to the development of new products, concepts and partnerships which will increase margins, strengthen retention and make a significant contribution to EBITDA. Dimensions: As part of the ES team, support the business in delivering the business plan margins and requisite volume retention over the 5-year retail strategy term. Key Accountabilities: Support the development of the ES function within Commercial to improve the businesses capability and contribute to the I&C P&L. Make an effective contribution to the team and lead on some initiatives. Help to develop the role and grow the ES Strategy initiatives for the I&C business and its customers. Support the ES Manager in developing a robust framework, including appropriate governance, for evaluation, design, authorisation and implementation of ES initiatives in conjunction with key stakeholders in the I&C business to facilitate delivery. Build strong relationships with internal & external stakeholders to support the business case and proposition for each initiative. Make robust recommendations to the Manager based on your evaluation of the initiative, clearly demonstrating the business benefit and associated risks. Support 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 of the business. Knowledge, Skills and Experience required: Ability to work well in a team environment or unsupervised is essential Capable of determining priorities from conflicting work demands. Can confidently articulate and communicate complex issues to internal stakeholders across the business, both verbally and in writing. Ability to evaluate and present ideas and concepts to the Manager. Have a good understanding of the UK wholesale & retail energy markets. Strong analytical and numerate skills including advanced excel. VBA and SQL are desirable. Measures of Success: ES initiatives make a positive contribution to I&C P&L and retention. Good relationships are developed both internally and externally, leading to better ways of working. ES initiatives are effective in delivering value for both the business 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 good quality with feedback indicating that the individual is valued by the business. How You Need to Act: Demonstrate an enthusiastic approach to researching and developing new ideas to meet business objectives Able to act on own initiative to support the delivery of strategies which drive improvement and deliver enhanced profitability. Possess a strong and adaptable communication style. Demonstrates a real passion for learning combined with a solid commercial focus. Demonstrates an aptitude for team work and enthusing others to drive change and innovate.
LNG Structured Trader
Job Title: LNG Structured Trader Location: London Salary: Negotiable Role objectives A Global Trading organisation and part of the Worlds largest energy companies is looking for a LNG Structured Trader to originate structure, negotiate and close global LNG transactions which cover a tenor outside of the rolling 12 month LNG Trading horizon. Duties & Responsibilities Contribute to the development and implementation of the Global LNG Structured Trading Strategy; Grow and optimise Client's LNG portfolio within such regions; Close LNG transactions with counterparts, ensuring full alignment with the Global LNG Structured Trading Strategy and compliance with internal policies and procedures; Establish new and maintain existing relationships with LNG suppliers and customers Lead deal negotiations while working closely with Legal Department and Support Teams to ensure robust contract terms and conditions Accurately evaluate and assess the deal economics, risks and exposures in accordance with client's economic evaluation methodology Develop deal documentation and present deals to senior management Ensure compliance with risk management governance policies and procedures Develop leads and gather market intelligence Skills & Competencies Excellent understanding of the natural gas and LNG industry and markets Expert understanding of LNG commercial contracts Excellent financial, analytical and economic modelling skills Excellent negotiator, able to adapt negotiating styles to achieve commercial aims Established track record of closing bespoke SPAs and MSPA/CNs Strong business acumen coupled with energy and the ability thrive in a dynamic and changing environment Ability to establish and maintain strong professional relationships Strong stakeholder management and influencing skills Highly effective written and verbal communication skills Fluent in English. Additional language skills would be an advantage Competencies: Pro-active in achieving results Strong team player who is able to work well within a flexible team environment Able to adapt focus in line with changing business priorities Tenacious and results orientated, takes initiative and drives for closure Excellent interpersonal skills, confident and articulate Ability to meet tight deadlines and make decisions in a pressurised environment Experience Demonstrable commercial experience in the LNG industry Track record of success in the origination, negotiation and execution of bespoke SPAs and/or MSPA/CNs with minimal supervision Demonstrable experience of accurately evaluating the economic value of LNG transactions Proven strong network of counterparties and other relevant relationships built up A background in the energy industry Salary c£100K + 50% bonus
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
Job Title: Pricing Analyst Location: Suffolk Salary: Competitive Purpose: To enter details of sale opportunities into internal systems and prepare half hourly and non-half hourly meter data accurately and within demanding deadlines. Produce up to date quotations to deadlines for all our retail channels and work with colleagues from other areas of the business to maximise competitiveness and profitability. Key Accountabilities: Ensure that the preparation, checking and delivery of quotations are delivered to the agreed internal deadlines Ensure the quotations are produced accurately, following the defined processes Work as part of a team to meet deadlines and achieve team objectives Identify and recommend opportunities for improvement in tools and processes Support others to achieve their own objectives (i.e. sales targets), offer advice and information with simple explanations for any reasons Build and maintain effective relationships within the workplace Advise sales colleagues on pricing components and structures including changes to costs that may impact quotations Knowledge, Skills and Experience required: Excellent numeracy skills with particular attention to speed and accuracy Good attention to detail Ability to work on your own initiative as well as within a team Ability to work well under pressure and to deadlines Strong communication and influencing skills Professional, mature and organised. Good time management Desirable Excellent PC skills and advanced knowledge of Microsoft Office Excel Pricing background in power or a similar field Measures of Success: Delivery of quotations to deadlines Increased use of automation Efficient and timely processing of consumption data Perform suitable analysis and offer clear and concise conclusions Feedback from stakeholders 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. 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 Rigorous Analysis - you question the output of models, identify patterns and trends and logically generate solutions, options and conclusions from available data. Customer focus - you correctly identify the requirements of both internal and external customers, you always have the customer in mind (anticipating his/her needs) and you show commitment to giving good customer service. 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
Regulatory Affairs Advisor
£0.00 - £60000.00 per annum + 20% bonus
Regulatory Affairs Advisor To be based in London Role objectives Working within Commercial Operations the core responsibilities of the role include assisting in the establishment of the current and future regulatory requirements for client's business activities, and the identification of potential commercial impacts on Gas, Power, Carbon and LNG portfolios. The role will be highly interdependent with other functions including, but not limited to Gas, Power, Carbon and LNG Trading, Commercial Operations, Operational and Enterprise Risk and Regulatory Compliance, Operational Planning and Management, Legal and other affiliates of the group. Duties & Responsibilities Business Development * Understand commercial strategy, potential new markets and products and forthcoming major transactions. * Identify significant regulatory challenges and commercial opportunities for Gas, Power, Carbon and LNG arising from the planned strategy and tactics, for the current and future regulatory environments. External liaison * Engage with regulators, industry organisations, transport system operators and other energy companies to influence the further development and application of the energy regulatory framework which enables our client to achieve its commercial objectives Risk management, compliance and strategy * Monitor Gas, Power, Carbon and LNG regulation to identify potential new regulatory requirements necessary to existing policies, processes and systems. * Identify operational risks arising from regulatory compliance requirements and liaise with operational risk management in the implementation of effective reporting, control and mitigation processes * Identify, assess, and report strategic regulatory risks arising from potential developments. Skills & Competencies * Regulatory specialist able to balance understanding of the energy regulatory framework and market design with commercial insight. * Excellent understanding of wholesale Gas and Power markets. Knowledge in LNG and Carbon markets is an advantage. * Able to establish and maintain strong professional relationships across a broad range of internal and external parties. * Fluent in English (written & spoken). Fluency in French, Spanish or Russian is a distinct advantage. Experience * Regulatory experience gained through working in a regulatory body or in a regulatory function in a commercial company or in an economic regulatory consultancy role is essential. * Exposure to energy trading and retailing environments within a highly commercial and entrepreneurial focused business would be an advantage. * Commercial experience of monetizing opportunities is a distinct advantage. Salary: up to £60k+ 20% bonus
South East England, England
Flex Trader To be based in South-East of England Salary: negotiable Purpose: To carry out a wide range of activities associated with the management of Client's Flex contracts and to support the growth, development and profitability of Client's Flex Portfolio. This includes daily position management tasks, wholesale contract trading (both prompt and curve), flex transactions, flex contract management and ad-hoc queries. Key Accountabilities: * Flex Trading * Flex Contract Management * Innovation and Product Development * Flex Tender Evaluation Knowledge, Skills and Experience required: * Excellent numeracy skills with particular attention to speed, accuracy and attention to detail * You have a basic knowledge of the UK & European Power Markets and begin to develop a wider technical and fundamental understanding of factors driving prices from forward markets through to Balancing Mechanism * You are able to develop models from first principles and sense-check outputs. * You are able to apply analytical techniques in a sensible pragmatic way and understand their limitations. * You are capable of making quick and concise trading decisions whilst maintaining attention to detail * Intermediate/Advanced Excel skills Measures of Success: * High levels of Customer and TPI satisfaction with prices quoted, demonstrate a good understanding of Flex products and wholesale energy markets and provide good service. Supported by contract retention and positive feedback from stakeholders. * Net price exposure remains at <=0 through diligent position management and accurate hedging. * Effective management of Flex contracts over their lifetime, adding value for both parties where possible and increasing retention rates. * Good quality market information provided to customers/TPIs to enable informed decisions in a timely manner. * Feedback from customers, external TPIs and Sales and Marketing colleagues on contract management, quality of information provided and query resolution. * Flex team systems and processes are fit for purpose * Judgement based on quality/outcomes of tools/techniques employed in analyses
LNG Commercial Operator
Job Title: LNG Commercial Operator Location: London Salary: Negotiable Role objectives A Global Trading organisation and part of the Worlds largest energy companies is looking for a Commercial Operator to manage the day-to-day operations for all traded LNG cargoes. Duties & Responsibilities Responsible for commercial operations related to the loading, discharge and transport of LNG cargoes Proactively interact with internal colleagues, external counterparties and service providers to ensure cargoes are operated in a structured manner Tasks include: Securing vessel clearance at load and discharge ports Issuing load and discharge orders for cargoes Evaluate contracts to secure maximum commercial value from each deal. Appointment of cargo surveyors and analysis of load and discharge reports Post deal reconciliation and review Demurrage calculation and negotiation Work closely with the traders to implement new trading strategies and maximize the value of existing strategies Ensure all operations activities are conducted in compliance with relevant HSSE and operating standards Work with Shipping Operations to ensure orders are clearly communicated and understood Work with Shipping Operations to ensure that the business complies with client's Shipping policies Interface with the Legal/Contracts, Mid and Back Office Functions, Tax and Credit teams to provide assurance on trading processes, guidelines and procedures Scheduling the movement of products to the customer and co-ordination with terminals Maintaining timely and accurate records in the relevant systems Interfacing with the regional offices on operational decisions and the resolution of issues Developing, maintaining and enhancing the relationships with third parties / companies / associates, including terminals, shipping companies, surveyors and Marketing businesses Providing market intelligence to support analytics and traders understanding of market activity Support the Traders, Business Developers and Charterers on contract reviews and deal negotiations. Act in due compliance with contractual obligations and corporate procedures. Skills & Competencies Strong analytical skills Strong commercial acumen, negotiating & influencing skills IT skills (Word, PowerPoint) and strong Excel skills Highly developed written and verbal communication skills Understanding of HSSE & Shipping requirements relating to operations Strong desire and ability to learn and develop Able to work in a fast-moving, pressurized environment Able to work as part of a team but also individually with minimal supervision Ability to build business relationships at all levels (internally and externally)
Yorkshire and the Humber, England
Job Title: Contracts Manager (EMR/Non-procurement) Location: Northern England Salary: Negotiable Purpose: Our client, a global low carbon and renewable energy supplier, is looking for someone who will work with stakeholders within the business to ensure effective management of renewable and other subsidies under numerous schemes of support. Key Accountabilities: Manage internal processes in relation to the CfD contract (risk: ~£400m pa), RO arrangements (risk: ~£400m pa) and Capacity Market auctions (risk: ~£100m pa) and interaction with ancillary services agreements Assist with monthly fuel measurement and sampling data Develops options to optimise revenues and support other projects relating to plant Advises on ancillary services bid processes and supports bid development/negotiation Manages relationships with external delivery bodies (LCCC, Ofgem, EMR Delivery Body, EMR Settlements Limited, etc.) to ensure reconciliation and payment processes run smoothly; lobby on policy changes Supports sustainability team to ensure fuel procurement meets contractual and legislative requirements, and to lobby for changes Evaluates potential impact of changes to contracts and wider legal frameworks; evaluates interdependence of these subsidy schemes and other electricity market regulations Assist with the formulation of company positions and develops consultation responses in relation to contractual impacts; manage annual CM rule and regs change processes Manages annual Capacity Market prequalification and auction participation processes for portfolio of new and existing and new build assets; assist with development of auction bidding strategy Work closely with wider Commercial teams to add value across portfolio; Work with project teams on the development of new projects Knowledge, Skills and Experience required: Strong financial analytics skills Ability to provide commercial solutions to issues and identify opportunities to maximise revenue streams Some understanding of EMR policy, legislation and contract, including technical detail of ROO, CfD, Capacity Market, Grid connection, wholesale electricity market regulation or biomass sustainability requirements not essential but desirable Strong understanding of the commercial objectives of the business Experience of commercial, regulation or trading environment preferable Measures of Success: Value add to other revenue streams, where possible Impacts of potential contractual changes identified and escalated in a timely manner Efficient annual prequalification for the Capacity Market for existing and New Build assets Smooth reconciliation and payment flows in relation to the CfD contract, Capacity Market contracts and RO arrangements Provides clear and concise briefing papers to senior management
Sales Trader/Direct Trader
If you have experience of Origination/Direct Trading across oil products and are looking for a forward thinking, fast-paced and visionary Trading business where you can grow and develop a client base, then this opportunity could be for you. DUTIES AND RESPONSIBILITIES This is an opportunity to join a growing area of the Trading business that specializes in facilitating trades directly between the Traders and Counterparts around the market. As a Sales Trader you will be managing and negotiating trades coming direct to the business whilst building and maintaining strong professional relationships. Your job will responsibilities will include: Providing an overall superior service to Counterparts Manage trade cycle from deal negotiation to trade execution and posting trade on exchange Strong effort to improve service edge iteratively through a process driven approach Market the business as a market maker and Direct Trading counterpart Work within a team and be open to mentor and train Attend global oil industry events & conferences REQUIREMENTS The requirements for the job are as follows: Experience in Sales Trading Derivatives in any asset class (ideally Oil but not essential) Strong work ethic with ability to manage a high pressured, multi-faceted environment Proven ability to work autonomously and proactively Outstanding interpersonal and relationship building skills Self-starter who is exceptionally driven by achieving excellence Being able to come up with solutions versus excuses A keen interest in oil markets is an advantage REMUNERATION £Competitive + Performance Bonus
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
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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