At a Glance
- Tasks: Lead a team to develop pricing models and enhance forecasting tools in the energy sector.
- Company: Join Conrad Energy, a leader in the UK electricity and gas markets.
- Benefits: Competitive salary, career development, and a chance to make a real impact.
- Why this job: Shape the future of energy pricing while driving innovation and efficiency.
- Qualifications: 3+ years in pricing or forecasting; strong analytical and numerical skills required.
- Other info: Dynamic role with opportunities for continuous improvement and automation.
The predicted salary is between 36000 - 60000 £ per year.
We are seeking a commercially astute and analytically driven Pricing & Forecasting Manager with established experience in UK electricity and gas markets. In this high-impact role you will lead a team of pricing analysts, develop and enhance forecasting and pricing models across supply and generation portfolios, and play a pivotal role in driving margin, reducing risk and strengthening our competitive edge.
The Job
- Lead and develop a team of pricing/forecasting analysts: set objectives, review outputs, build capability and champion best-practice.
- Develop, maintain and automate both standard and bespoke pricing models and forecasting tools for half-hourly (HH) and non-half-hourly (NHH) metered electricity consumers and generators.
- Own the forecasting and pricing process for all cost elements contributing to customer tariffs: commodity cost, distribution, transmission, metering, industry charges, regulatory levies, green certificates.
- Interface with Trading and Commercial teams to ensure hedging strategies reflect customer forecast volumes, minimise portfolio volume/price risk and align with market activity.
- Partner with Sales and Third-Party Intermediaries (TPIs) to deliver accurate, competitive pricing aligned with customer profiles, ensuring timely responses to support an efficient tendering process.
- Analyse portfolio profitability: deliver insights on cost/margin drivers, identify opportunities to optimise pricing, reduce cost exposure and enhance margin.
- Produce regular forecasting and pricing dashboards/reports: track forecast accuracy (e.g., MAPE, variance to actual), root-cause analyse deviations and feed improvements into model enhancements.
- Work with Back Office and Billing teams to prepare data inputs and pricing outputs for monthly billing cycles, escalating data exceptions, ensuring corrective action and process robustness.
- Drive continuous improvement: identify automation opportunities, advances in modelling (e.g., use of Python/SQL, machine-learning techniques), update forecasting frameworks and ensure data governance.
- Stay abreast of regulatory, industry and wholesale market developments (e.g., settlement changes, new levies, decarbonisation policies) and ensure their impact is factored into forecasts, pricing models and risk management.
Education and Experience
- Minimum 3 years' experience in pricing, forecasting, trading or risk analysis within the UK gas or electricity supply/generation industry.
- Proven experience managing a small team and developing talent.
- Excellent numerical ability, strong analytical mindset and attention to detail; comfortable working under deadlines.
- Educated to degree level (preferably mathematics, economics or energy-related).
- Advanced proficiency in modelling and data analytics: Excel (complex formulas, VBA/macros), Python and SQL; experience with data visualisation tools (e.g., Power BI).
- Comfortable working with large data sets, building databases, performing root-cause fault analysis and creating dashboards to drive insight.
- Good commercial acumen: you understand trading, hedging, volume/price risk, customer segmentation, margin optimisation.
- Strong stakeholder management and communication skills: you can engage across functions (Trading, Commercial, Billing, Sales), explain complex technical models in business language and challenge assumptions where required.
- Knowledge of UK electricity/gas market frameworks, industry participants, settlement cycles (HH/NHH), and cost drivers (distribution, transmission, metering, renewables, regulatory).
- Eligibility to work in the UK.
Pricing & Forecasting Manager employer: Conrad Energy
Contact Detail:
Conrad Energy Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Pricing & Forecasting Manager
✨Tip Number 1
Network like a pro! Get out there and connect with people in the UK electricity and gas markets. Attend industry events, join relevant online forums, and don’t be shy about reaching out on LinkedIn. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Show off your skills! When you get the chance to meet potential employers or colleagues, bring along examples of your work. Whether it’s a pricing model you’ve developed or a forecasting tool you’ve automated, having tangible proof of your abilities can really set you apart.
✨Tip Number 3
Prepare for interviews by brushing up on your knowledge of the latest market trends and regulatory changes. Being able to discuss how these factors impact pricing and forecasting will show that you’re not just a numbers person, but also someone who understands the bigger picture.
✨Tip Number 4
Don’t forget to apply through our website! We’ve got loads of resources to help you land that Pricing & Forecasting Manager role. Plus, applying directly shows your enthusiasm and commitment to joining our team at Conrad Energy.
We think you need these skills to ace Pricing & Forecasting Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Pricing & Forecasting Manager role. Highlight your experience in UK electricity and gas markets, and showcase any relevant skills in pricing models and forecasting tools. We want to see how you can bring value to our team!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role. Mention specific experiences that align with the job description, especially around team leadership and analytical skills. Let us know what excites you about working with us at Conrad Energy.
Showcase Your Analytical Skills: Since this role is all about analytics, make sure to highlight your numerical ability and experience with data analytics tools like Excel, Python, and SQL. Share examples of how you've used these skills to drive insights or improve processes in your previous roles.
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and keep track of it. Plus, it shows you’re keen on joining our team at Conrad Energy!
How to prepare for a job interview at Conrad Energy
✨Know Your Numbers
As a Pricing & Forecasting Manager, you'll need to demonstrate your strong numerical ability. Brush up on key metrics like MAPE and variance analysis, and be ready to discuss how you've used these in past roles. Show them you can not only crunch numbers but also derive actionable insights from them.
✨Showcase Your Team Leadership Skills
Since this role involves leading a team of analysts, be prepared to share examples of how you've developed talent and set objectives in previous positions. Discuss your approach to championing best practices and how you've built capability within your team. They want to see that you can inspire and guide others.
✨Understand the Market Landscape
Familiarise yourself with the latest developments in the UK electricity and gas markets. Be ready to discuss how regulatory changes or market trends could impact pricing strategies. This shows you're proactive and can adapt your forecasting models to real-world scenarios.
✨Communicate Complex Ideas Simply
You’ll need to interface with various teams, so practice explaining complex technical concepts in straightforward terms. Prepare to discuss how you've successfully communicated insights to non-technical stakeholders in the past. This will highlight your strong stakeholder management skills.