Junior Forecasting Analyst
5 days ago
About The Role
Job Summary:
We are seeking a Junior Forecasting Analyst to join our Trading Team, working closely with our Forecasting and Quants Analyst, and reporting to the Senior Quants and Risk Analyst. This role is essential to supporting customer demand and long-term generation forecasts, balancing operational forecasting tasks, analytical responsibilities, and compliance submissions.
About Ecotricity’s Forecasting and Trading Team:
The Forecasting Team’s role is to predict customer energy and gas usage using a mix of industry formulas and machine learning models. Forecasts are uploaded to our trading system, enabling traders to decide on energy and gas procurement. Accuracy is critical, as forecasting errors can result in imbalance charges. With our current migration to a cloud-based platform, it’s an exciting time to join a team dedicated to innovation and precision in a fast-paced environment.
About You
Key Responsibilities:
- Forecast Operations & Data Management
- Run, maintain, and update existing forecasting scripts using Python, SQL and excel VBA to upload forecasts into the Energy Trading and Risk Management (ETRM) system.
- Validate forecasting outputs, analyse accuracy, and report on performance alongside the forecasting and quants analyst.
- Continuously assess and challenge processes to identify improvements for enhanced efficiency and accuracy.
- Keep forecasting coefficients and machine learning model inputs up to date to ensure accuracy of forecasting.
Compliance Submissions
- Prepare and submit compliance-related data, including capacity market submissions, Triad and TNUoS forecasts, and DC forecasts, ensuring compliance with industry regulations and timelines
Stakeholder Support & Ad-Hoc Analysis
- Respond to ad-hoc queries from internal stakeholders, such as Finance, to ensure alignment between financial processes and forecasting outputs.
- Conduct customer demand behaviour research/analysis to identify changing patterns and sensitivities to variables such as weather and price.
Qualifications & Skills:
- A degree in a quantitative field such as Mathematics, Statistics, Economics, Data Science, or Engineering is desirable.
- Proficiency in Excel, VBA, and SQL is required, with the ability to work with SQL stored procedures and scheduled jobs.
- Experience with Python, MATLAB, Power BI or similar data analysis tools is an advantage.
- Strong data validation and analytical skills with an eye for detail and accuracy.
- Professional Skills:
- Strong analytical and problem-solving abilities, with a keen interest in understanding customer demand behaviours and forecasting methodologies.
- Effective communication skills, with the ability to interact with various teams and explain complex data outputs clearly.
- Additional Attributes:
- Demonstrated interest in renewable energy and sustainability.
- Ability to work independently and collaboratively within a small team setting, displaying initiative and adaptability.
- Highly organised with the ability to manage multiple tasks and deadlines in a fast-paced environment.
About Us
What's in it for you...
Healthcare plan, life assurance and generous pension contribution
Volunteering day
Hybrid working
Various company discounts (including shops, days out and events)
Holiday of 25 days (plus bank holidays) & ability to buy/sell days
Cycle to work scheme, car pooling and onsite parking available
As a valued member of the team you will be supporting the Group Environmental policy and its associated targets to make the Green Britain Group net carbon neutral by 2025
Flexibility statement
The fast moving nature of the company's business means that from time to time you may be asked to perform duties or tasks outside of your original job description on an ad hoc basis. This allows the company to use its people in the best possible way at all times and helps the employees to make their contribution in a changing environment.
Ecotricity is Britain's greenest energy company. When we started back in 1995, we were the first company in the world to provide a new kind of electricity - the green kind.
Our mission was, and remains, to change the way energy is made and used in Britain - by replacing fossil fuels with clean, renewable energy.
We don't just supply green energy, we use the money from our customers' bills to make it ourselves too - we build windmills, sun parks and green gasmills in Britain. We call this turning 'bills into mills'. Some of our biggest achievements to date include building Britain's first megawatt windmill and the country's first grid-scale sun park, as well as building our first green gasmill, generating 100% green gas from a source that we will never run out of - grass.
We don't just focus on energy though- we built the Electric Highway, Britain's leading network of electric vehicle charging points; we helped Forest Green Rovers become the greenest football club in the world; and we launched Britain's greenest mobile phone service, Ecotalk, where they use the money from their customers' bills to protect and regenerate Britain's lost rainforests.
Ecotricity is an equal opportunities employer and is committed to providing equality for all.
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