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- Tasks: Manage power positions and optimise trading strategies for renewable energy.
- Company: Join Drax, a leader in sustainable energy solutions.
- Benefits: Enjoy competitive pay, private healthcare, and generous holiday allowance.
- Why this job: Make a real impact on climate change while advancing your career.
- Qualifications: Strong numeracy skills and knowledge of power markets required.
- Other info: Flexible working options and a commitment to diversity and inclusion.
The predicted salary is between 30000 - 42000 £ per year.
Location – Ipswich, hybrid 2 days a week in office
Closing date: 24 February
Who we are:
We’re not just talking about making a difference, we’re making it happen. We generate dispatchable, renewable power and create stable energy in an uncertain world. Building on our proud heritage, we have ambition to become the global leader in sustainable biomass and carbon removals. You’ll be joining our teams of practical doers, future thinkers and business champions. We’re enabling a zero carbon, lower cost energy future for all, and working hard to decarbonise the planet for generations to come.
About the role:
As a Portfolio Analyst at Drax, your role is to carry out a range of activities to ensure effective management of Drax Energy Solutions (DESL) Power Position. This includes daily position management tasks whilst liaising with colleagues from Drax Power Limited (DPL) looking for opportunities to improve the effectiveness of our wholesale contract trading (both prompt and curve). You’ll also support the wider goals of the Pricing and Hedging team with opportunities to help design, build and manage optimisation models with the intention of creating value for electricity supply customers via their flexibility.
Some key responsibilities for this role include:
- Operation and management of DESL’s power position which combines our retail contract position with the traded contract position inline with DESLs Hedging Policy
- Daily near term/day-ahead position management/trading
- Long Term position management following close contact with the trading activities of the Flex team
- Liaising with DPL trading team on wholesale market prices and opportunities to better balance the DESL position
Who we’re looking for:
To be successful in this role you’ll need to have:
- Excellent numeracy skills with particular attention to speed, accuracy and attention to detail
- A basic knowledge of the UK & European Power Markets
- Ability to develop models from first principles and sense-check outputs
- Ability to apply analytical techniques in a sensible pragmatic way and understand their limitations
- The ability to make quick and concise trading decisions whilst maintaining attention to detail
- Intermediate/Advanced Excel skills
- A working knowledge of coding languages such as Python/VBA/SQL
Rewards and benefits:
As you help us to shape the future, we’ve shaped our rewards and benefits to help you thrive and support your lifestyle. If successful in this role, you’ll get:
- A discretionary bonus depending on company performance
- Private Healthcare
- SAYE (Sharesave): discretionary scheme from time to time
- Personal accident cover
- Group personal pension plan where we’ll pay up to 10%
- Holiday 25 days plus bank holidays
- Reimbursement of the cost of your annual membership of one relevant and appropriate professional body
We’re committed to making a tangible impact on the climate challenge we all face. Drax is where your individual purpose can work alongside your career drive. We work as part of a team that shares a passion for doing what’s right for the future. With Drax you can shape your career and a future for generations to come. Together, we make it happen.
At Drax, we’re committed to fostering an environment where everyone feels valued and respected, regardless of their role. To make this a reality, we actively work to better represent the communities we operate in, foster inclusion, and establish fair processes. Through these actions, we build the trust needed for all colleagues at Drax to contribute their perspectives and talents, no matter their background.
Talk to us about flexible working!
How to apply:
Think this role’s for you? Click the ‘apply now’ button to begin your Drax journey. If you want to find out more about Drax, check out our LinkedIn page to see our latest news. We understand that you may have some additional questions about the role. If you’d like to have a confidential chat to discuss the role in more detail, please email careers@drax.com
We reserve the right to close roles early when the particular role and / or location has had sufficient applications.
Portfolio Analyst employer: Drax
Contact Detail:
Drax Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Portfolio Analyst
✨Tip Number 1
Network like a pro! Reach out to current or former employees at Drax on LinkedIn. A friendly chat can give you insider info and might just get your foot in the door.
✨Tip Number 2
Prepare for the interview by brushing up on your knowledge of the UK & European Power Markets. Show us you’re not just a numbers whiz but also understand the industry landscape.
✨Tip Number 3
Practice your analytical skills! We love candidates who can think on their feet, so try some mock trading scenarios to sharpen your decision-making under pressure.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re serious about joining our team.
We think you need these skills to ace Portfolio Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Portfolio Analyst role. Highlight your numeracy skills, knowledge of power markets, and any relevant experience with Excel or coding languages. We want to see how you fit into our mission!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about renewable energy and how your skills can help us achieve our goals at Drax. Keep it concise but impactful!
Showcase Your Analytical Skills: In your application, don’t forget to showcase your analytical skills. Mention any experience you have in developing models or making trading decisions. We love candidates who can think critically and pragmatically!
Apply Through Our Website: We encourage you to apply through our website for the best chance of success. It’s straightforward and ensures your application gets to the right people. Let’s make this happen together!
How to prepare for a job interview at Drax
✨Know Your Numbers
As a Portfolio Analyst, you'll need to demonstrate excellent numeracy skills. Brush up on your numerical analysis and be prepared to discuss how you've applied these skills in previous roles. Practise some quick calculations and be ready to showcase your attention to detail.
✨Understand the Market
Familiarise yourself with the UK and European Power Markets. Research current trends, recent news, and any significant changes in regulations. Being able to discuss these topics will show your genuine interest in the role and the industry.
✨Showcase Your Analytical Skills
Be ready to talk about your experience with analytical techniques and model development. Prepare examples of how you've used Excel or coding languages like Python, VBA, or SQL to solve problems or optimise processes. This will highlight your practical skills and ability to think critically.
✨Prepare for Quick Decision-Making
In this role, you'll need to make quick and concise trading decisions. Think of scenarios where you had to make fast decisions under pressure and be ready to share those experiences. This will demonstrate your ability to stay calm and focused while maintaining accuracy.