Energy Price Forecasting and Scenario Analysis Manager

Ranked as one of Ireland’s best workplaces, by Great Place to Work for 4 years, we offer ambitious candidates a fast-paced and challenging work environment, with the opportunity to grow your career. With over 370 employees and growing, PrepayPower is the market leader for Pay as You Go Electricity, Gas, and Broadband in Ireland.About the Role:This role is based in the Forward Trading Team within PrepayPower’s finance department. We are a growing dynamic team of experienced energy market professionals who are responsible for buying and hedging PrepayPower’s wholesale gas and electricity supplies for our customers in Ireland, across a range of time horizons. We also manage our Renewable energy PPA and origination activities. Working closely with our Prop Trading Desk we buy our power and manage our wind farms on the spot markets day to day in ISEM. The team is responsible for forecasting our customer’s electricity and gas demand on both a daily, weekly, and longer-term basis. We further support the wider business with customer insights and wholesale regulatory analysis. The successful candidate will lead the energy price forecasting and backcasting, renewable pricing, and long-term scenario development for the team and company. They will be responsible for elements of our board reporting, and support the wider commercial and risk management activities in the team.  They will also work closely with the Head of Forward Trading, the Chief Financial Officer, and the wider executive team to develop our hedging and pricing strategies and capabilities in line with wholesale power and gas market fundamentals. The successful candidate will also help to optimise our traded price and will assist in developing new commercial opportunities for the company.The candidate should be both technically and commercially focused as the role involves strong interaction with the wider finance department and involves providing technical and commercial support to company management to meet the unique challenges of managing wholesale energy market positions in a non-vertically integrated prepayment utility.Main ResponsibilitiesManage our price forecasting and backcasting tools and capabilities to enable us to manage our price risk in an efficient fashion Improve our European energy market modelling capabilities and develop improved North West European price modelsLead the production of back-cast reports and report on our electricity price paid vs budget and market fundamentals to executive management.Own our internal Risk management Scenarios, producing evolving energy market scenarios to inform our risk management tools and reports across pricing, collateral management, and competitor analysis. Manage our generator pricing and bidding strategy monitoring tools.Assist in running and improving our commodity fundamentals analysis tools.Working closely with the Head of Trading to assist in the pricing and modelling of renewable generators and new technologies.Improve our horizon scanning abilities to identify new demand-side technologies, loads, and commercial opportunitiesSupport spot market gas and electricity trading activities by being an active member of our wholesale trading rota.Assist management in developing our data structures and help enable efficiencies through automation of work.Provide guidance and technical support to junior team membersSupport our industry presence by representing PrePayPower at relevant industry and regulatory eventsThe role requires a small amount of travel and will require a limited amount of out of hours supportCandidate Skills and ExperienceAt least 8 years of professional experience of which at least 6 years in an Energy utility/commodity trading environment.Experience in an Energy Utility or in Energy Commodities in a price forecasting, hedging, or trading role. Direct experience in pricing electricity markets and experience in building long-term energy market scenarios is required. Knowledge of Wholesale Gas and/or Power market experience and understanding required (ISEM/GB or Europe)Substantial Experience using price forecasting tools such as Plexos, Promod, or similar optimisation tools is also a requirement. The successful candidate will be an excellent communicator who can break down complex information and explain it to senior stakeholders.Excellent problem-solving/creativity skills with an ability to make sense of large amounts of data, from both the top-down and bottom-up.Should continually challenge own and other's workStrong data handling or programming skills with at least strong Excel skills but with experience in tools such as VBA, Python, SQL, Database management, and Tableau/PowerBI highly desirableStrong attention to detail and the candidate should be able to deliver a high quality of information to a varied audienceAbility to communicate in a structured, clear, and concise manner, especially with managementThe candidate should be able to demonstrate an ability to influence and gain buy-in from peers and senior managementAbility to follow, map, and improve processesStrong team worker with the ability to work on their own as well under direction from management.Ability to adapt to varying goals and changes in priorityCareer Incentive & BenefitsCompetitive salary & bonus structurePension Contribution Scheme after twelve months of servicePrepayPower Health Insurance Group Scheme & EAP with Laya HealthcareGreat career progression opportunities in a growing company with strong market growthFast-paced and friendly team environmentContinual training and developmentPrepayPower Staff TariffModern offices with excellent facilities in Sandyford and the flexibility to work remotelyEstablished CSR, Wellness, and Social Committees, and great social events.Refer a Friend SchemeTax Saver Travel Tickets & Bike to Work Scheme Prepay Power is the market leader for Pay-As-You-Go electricity and gas in Ireland. We disrupted the energy market in 2011 with one purpose in mind: ‘To give people total control and complete transparency over their electricity costs.’ Over 170,000 customers have already switched to Prepay Power (and we’re still growing!). In a market dominated by semi-states and subsidiaries to large energy multinationals, we are Irish-owned and independent. Our service empowers customers to take control of their energy costs. Rather than the traditional market model of short-term discounts with significant terms attached, we help customers achieve long-term savings on the electricity, gas, and broadband that they use, which counts on every bill. Our approach is different and customer-driven. We pride ourselves on providing customers with an excellent level of service in an operationally efficient manner. PrepayPower is an Equal Opportunity Employer, we believe and treat all our employees, customers, and other stakeholders with dignity and respect.