Quantitative Analyst – Clean Energy Independent Power Producer
Experienced electricity market oriented Quantitative Analyst sought to join fast-growth Energy developer pioneering a portfolio of Battery Energy Storage, Solar PV and Onshore Wind generation assets. Working at the intersection of the organisations Strategy and Investment functions you will support the strategic investment decision making process, including commercialisation and dispatch of one of Poland’s largest battery portfolios with a range of renewable assets.
As an experienced quantitative analyst and developer, you will lead forward looking market analytics, developing a range of mid and long term forecasting and pricing models, in-house analytics tools and portfolio optimisation / risk analysis.
Quantitative Analyst key responsibilities:
- Detailed quantitative modelling of energy market fundamentals.
- Development of market forecasting modelling environment (methodologies, primary models of capacity, electricity, ancillary services market, databases).
- Development of secondary models (e.g. electricity and capacity demand, weather sensitivity, domestic fuels markets)
- Internal Analytics oversight (Development of tools, analytics, and data visualization).
The ideal quantitative analyst will be comfortable with a variety of programming and scripting languages and may have the ambition to scale a team in the future.
Quantitative Analyst key requirements:
- Numerate academic background
- Energy Industry or Consulting experience
- Experience with Python/Matlab/R, SQL/database management and manipulation
- Knowledge of power markets functioning mechanism
- Current Polish / European Power markets experience – Polish and English languages working proficiency
- Nice to have PhD in quantitative discipline
If successful, you will be working at the forefront of energy forecasting supporting an emerging market leader in fast response. You will benefit from accelerated career progression, a rewarding environment and exposure to the very latest in energy assets and trading technologies.
More detailed – Job Description
The Quantitative Analyst will be responsible for helping build out the in house commercial and quantitative capabilities being deployed to manage the merchant power price risk of generating and storage assets.
The Quantitative Analyst will implement a sophisticated forecasting environment to enable active ownership of this merchant risk: from leveraging flexible options in PPAs to the development of a financial hedging strategy managed via 3rd party access agreements, implement the commercial risk management strategy and continuously monitor how this strategy is performing against market conditions, will leverage tools, systems, and databases available in the market to ensure that strategy is benchmarked against an accurate view of this market exposure and liaise and work with other project shareholders and asset managers.
The commercial function will also take an active role in utilizing PPAs/Corporate PPAs to appropriately de-risk exposure as benchmarked against the costs to secure these opportunities.
Key Responsibilities
Quantitative analysis:
- Develop high quality quantitative analysis tools and models to understand and properly forecast power demand and supply in mid and long term.
- Simulate capacity, electricity and ancillary services markets prices, volumes, positions of key players and assets.
- Develop long term strategies in term of generation portfolio size and composition together with pricing strategies.
- Provide updated forecast for robust and frequent generation portfolio valuation.
- Where the best risk / reward balance can be found for assets under management, and continuously inform the strategy and its implementation.
- Simulate and evaluate the different hedging structures and opportunities for optimization (deal and portfolio).
- Utilize analysis and market data to support the investment and portfolio management teams in respect to power market forecasting and internal valuations for project acquisitions / sales / market value accounting.
Strategy Development:
- Review and update asset register to understand merchant risk exposure of assets being managed.
- Take advantage of market understanding and tools and systems (below) to ensure high quality strategy development.
- Develop hedging strategies for active management of merchant risk; seeking opportunities to secure value either through delivering revenue stability, seeking opportunities from attractive 3rd party risk fixes and/or identifying undervalued or arbitrage opportunities. Continuous improvement and monitoring of the various hedging strategy.
- Present risk management strategies
Power analysis and forecasting tools and systems:
- Recommend, procure and implement 3rd party and/or tailor-made market and data tools supporting development of long term forecasting environment.
- Develop appropriate processes to enable the required data is available and assets are integrated in the systems, including system operators data, market data, outturn weather, availability and wind/solar generation data, etc.
Implementation and reporting:
- Maintain active forecasting, reporting to managers in a proactive and consistent manner.
- Tracking and reporting specific energy price risks on a portfolio and asset level (long term VaR stress testing, etc).
Skills & Qualifications:
- Significant demonstrable prior experience in management of wholesale energy market risk; actively utilizing products in the market to de-risk merchant generation asset exposure
- Strong experience in management of merchant risk for renewable and flexible capacity assets
- Preference for advanced financial modelling skills (asset return linked to trading strategy)
- Ability to structure the processes & systems required to actively manage merchant risk
- Ability to dissect complex problems and present written and verbal information clearly and concisely
- Strong communicator who can collaborate effectively with a broad range of stakeholders
- Demonstrated active listening skills