At a Glance
- Tasks: Develop and enhance forecasting models for renewable energy and conduct quantitative analysis.
- Company: Join Drax, a leader in sustainable energy solutions.
- Benefits: Enjoy competitive pay, private healthcare, generous holiday, and a pension plan.
- Other info: Collaborative environment focused on inclusion and professional growth.
- Why this job: Make a real impact on climate change while advancing your career in a dynamic team.
- Qualifications: Degree in a numerate discipline and experience with Python & SQL.
The predicted salary is between 49500 - 60500 £ per year.
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 part of the Forecasting & Hedging Team, you will:
- Develop, maintain and enhance forecasting models across import (consumption) and export (renewable generation) portfolios.
- Research, evaluate and implement statistical, machine learning and optimisation techniques to improve forecast accuracy and commercial value.
- Lead peer reviews of code, model changes and analytical methodologies, ensuring high standards of quality and best practice.
- Design and deliver automated reporting, dashboards and visualisations using Python, SQL and Power BI to support portfolio monitoring and informed decision-making.
- Provide ad-hoc and time-critical quantitative analysis to support Commercial, Renewables, Strategic Sales, Finance and other business areas.
- Contribute to the development of new forecasting capabilities across power demand, renewable generation, weather, pricing and portfolio optimisation.
- Build and maintain scalable data processing and automation pipelines to support forecasting and analytical workflows.
- Maintain awareness of industry developments, regulatory changes and emerging analytical techniques relevant to the UK energy market.
Who we’re looking for: To be successful in this role you’ll ideally have:
- Strong quantitative and analytical skills, supported by a degree in Mathematics, Statistics, Engineering, Physics, Economics or another relevant numerate discipline.
- A good understanding of wholesale electricity markets and industry fundamentals, or the ability to develop this knowledge quickly. Ideally, you’ll have at least two years’ experience in a relevant analytical or energy industry role and experience of using Python & SQL.
- Strong problem-solving skills, with the ability to use data and modelling techniques to develop structured, practical solutions that deliver commercial value.
- Excellent communication and stakeholder management skills, with the ability to explain complex technical concepts clearly and work effectively across teams and projects.
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.
How to apply: Think this role’s for you? Click the ‘apply now’ button to begin your Drax journey. 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.
Quantitative Analyst in Southampton employer: Drax
Drax is an exceptional employer, offering a dynamic work environment in Glasgow where innovation meets sustainability. With a strong commitment to employee growth, we provide comprehensive benefits including a discretionary bonus and pension plan, alongside a hybrid working model that promotes work-life balance. Join us in our mission towards a zero-carbon energy future, and be part of a team that values your expertise and contributions.
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We think you need these skills to ace Quantitative Analyst in Southampton
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Show Off Your Projects:In the world of data science, your projects can speak volumes about your skills. Make sure to showcase a few key projects in your CV or portfolio, especially those that highlight your ability to work with data sets, build models, or use relevant tools like Python, R, or SQL. Don’t forget to include links to any GitHub repositories if applicable!
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