Junior Hedging Analyst

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. We are seeking a capable and ambitious Junior Hedging Analyst to join our Forward Trading team. Our team is responsible for buying and hedging PrepayPower’s electricity supplies from the wholesale electricity market (ISEM) in Ireland, and our gas from the wholesale gas markets. Working with our short-term trading team, we will also acquire and trade power on the spot markets. The Forward Trading team is also responsible for forecasting our customer’s electricity and gas demand on both a daily, weekly, and longer-term basis. Furthermore, we work with the wider business to develop customer insights based on our smart meter data and to continue using data to support our product development Main ResponsibilitiesAssist management in the development and execution of hedge strategies through modelling and market analysisBe responsible for the settlement of our hedging contracts and market positionsAssist in the production of board-level reports on our hedged position and trading activitiesBe part of the trading rota for the team and assist in day-to-day trading activities where requiredDevelop processes and systems to make working with data more efficientDevelop and maintain forecasting, trading, and reporting toolsMaintain our existing database of model inputs and reporting metricsAssist in the production of wholesale gas and electricity market reportsThe role requires a limited amount of out of hours trading supportSkills & ExperienceWe recognise that you may not have all of these skills, but we are looking for someone who exhibits some of them and has a drive and aptitude for continuous learning and development.Our work is heavily data-based, as such the candidate should have a third-level degree in a quantitative subject such as engineering, physics, maths, science, or data analytics. Advanced degrees such as Masters or Ph.D.’s and/or 1-2 years of work experience in power or commodity markets would be an advantage. The candidate should have an understanding, or the ability to gain an understanding of tools used to store, query, and process databases. Experience with SQL, Python, or similar tools would be highly advantageous. Irish power or commodity market knowledge Be resourceful and proactive, we are looking for a self-starter who enjoys having accountability and ownership while being part of a collaborative team.Strong problem-solving, analysis, and attention to detail High level of proficiency in Microsoft Excel and PowerPointStrong data handling & programming skills are desirable with some experience in tools such as or similar to: Python, SQLAbility to create charts and tables in Power BI Clear, concise, and structured communication skills Ability to follow, map, and improve processesAdaptable, flexible, able to change prioritiesCareer 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 development21 days annual leave, increasing with service.PrepayPower 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.