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Technical Trading Analyst

  • Location: Gloucester
  • Salary: Up to £38,000
  • Type: Permanent
  • Posted: 73 days ago
  • Company: Red Recruitment

Technical Trading Analyst
Reporting to: Commercial Director
Salary: Dependant on experience, up to £38k
Hours: Core hours, Monday to Friday
Location: Barnwood, Gloucester

About the company

They connect their customer's solar to approved energy storage products and trade this energy through their artificial intelligent software and utility. This means they can pass the savings and earnings back to their customers, resulting in an electricity bill that's up to 70% cheaper.

Energy costs can spiral out of control, but by installing solar, energy storage and driving electric vehicles…the revolution can begin.

The company are enabling that revolution by providing a platform that allows homes to trade and swap energy, removing the need for traditional utilities, putting the power back in the hands of the people and in the process reducing their energy bills by up to 70%.

About the role

As a brand-new business the Technical Trading Analyst will be one of the very first employees trusted to build and shape exactly how the company operates. A critical part of any energy company is its ability to trade electricity and gas, and this is a unique role in the energy utilities space. As the business model hinges on artificial intelligence of their storage portfolio, automated trading (algo trading) is a key part of this. They are wanting a technically minded, highly analytical individual to develop and operate their automated trading activity, as well as taking care of the main analytical functions of the trading team.

As well as this, you will help drive and manage the hedging strategies, daily trading operational requirements, and develop reporting, demand forecasts, and P&L models. As the industry constantly changes, the role will be working closely with the Commercial Director, Regulation & Compliance Analyst, and the team of AI battery system developers to deliver an automated way to maximise the commercial benefit to the company and its customers, through the various revenue streams available.

This is a hands on role, and will form a key part of a small and unique commercial team. We are looking for someone who enjoys working in a large remit, and be a part of something incredibly exciting from the beginning.

This is an excellent opportunity for people with great ambition, a real 'can do' attitude and the ability to think differently from the norm.

Technical Trading Analyst Key accountabilities:

  • Development of algo-trading systems in line with the financial trading strategy
  • Assistance in delivering additional revenue streams through balancing services and other methods
  • Running and operating some demand forecasting models
  • Execute electricity and gas trades against our hedging and balancing strategies
  • Undertake detailed analytics of energy cost stacks, trading, and forecasting
  • Development of reporting functions and commercial models, including profitability analytics, pricing stack models etc.
  • Monitor wholesale markets and bring insight into strategic thinking

You will have;

  • Strong academic record, ideally a mathematical or analytical degree
  • Experience in coding, particularly Python, SQL
  • Experience in developing commercial analytic models, such as pricing, cost stack, or profitability models
  • Experience in a UK electricity and gas trading environment, ideally in a trading role
  • Understanding of electricity trading systems, such as EPEX, N2EX
  • Solid understanding of long-term and short-term UK energy balancing market, both electricity and gas
  • Proven ability to adapt to a changing and sometimes challenging environment
  • Very strong organisation skills and the ability to work autonomously

Ideally, you will also have

  • Previous experience using market data platforms such as EnAppSys, Bloomberg, WSI etc.
  • Experience in developing and running demand forecast models and systems
  • Experience in reporting platforms, preferably PowerBI
  • Previous experience using an ETRM (Energy Trading Risk Management) solution
  • Understanding or previous experience on battery storage applications in the energy market