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- Tasks: Manage and scrutinise third-party costs in the energy sector.
- Company: Join a growing ethical company focused on reducing carbon emissions and promoting renewable energy.
- Benefits: Enjoy flexible working, competitive salary, and generous holiday allowance.
- Why this job: Be part of a mission-driven team that values continuous improvement and career growth.
- Qualifications: Knowledge of the UK electricity industry and advanced Excel skills required.
- Other info: Opportunity to work from home three days a week and supportive interview process.
Are you passionate about the energy industry? In this role, you will be the subject matter expert on third party costs. There is flexibility in this role, with the choice of managing one direct report if you choose. The hiring manager is offering flexibility and career growth for the Risk Modelling & Cost Manager.
As the Risk Modelling & Cost Manager, you will review, scrutinise and pressure test all 3rd party costs currently bought-in from external sources. Knowledge of the risks and volatility of CfD (Contracts for Difference) is required. Over time, you will have the opportunity to bring these costs in-house, so advanced Excel skills and modelling are required.
People enjoy working at this highly ethical company that aims to reduce carbon emissions and increase renewable energy, creating a feel-good factor in helping the planet.
Your new role:
- Forecasting of energy and 3rd party costs
- Ensuring appropriate risk management strategies are in place
- Tracking and monitoring the forecast accuracy of risk premium, finding the right balance in the P&L
- Understanding, challenging assumptions, sensitivities and assumptions of 3rd party costs
- Becoming the subject matter expert for 3rd party costs including Contract For Difference (CfDs), BSUoS, DUoS, TUoS, RO, FiT and T losses
- Liaising with the parent company concerning REGO's
- Understanding how regulatory changes made by Elexon can impact future cost stacks
Reporting into the Head of Cost and Risk, the Cost Manager will see the commercial heartbeat of the business. Working in conjunction with the product team, you will help ensure that this company remains externally competitive whilst staying profitable.
This company openly encourages a curious mindset. If you are driven and thrive on continuous improvement, you will enjoy working here. Professional development is high on the agenda, with the hiring manager very supportive of career progression. Working for a growing energy supplier will naturally present opportunities in the future.
Benefits:
- Base salary = Around £60k (or £48k for four days p.w.)
- WFH 3 days p.w., Birmingham (B3 - Snow Hill area) 2 days p.w.
- 24 days holiday (excluding bank holidays), rising to 26 days after 1 year
- Annual Performance Related Bonus
Skills and experience to be successful:
- Knowledge of the UK electricity industry
- Understanding of 3rd party costs and what drives deviation and volatility
- Ability to handle and model large datasets in Excel
- Confident to deal with stakeholders across the organisation
- Willingness to become the subject matter expert on 3rd party costs
The Interview Process:
- 60 min TEAMS interview: Head of Cost & Risk (HoC&R) + 1 other
- 60 min face to face interview: HoC&R + Commercial Director
Please don’t worry if your CV is not updated; we’ll figure that out later.
What you need to do now:
If you want to join this growing ethical business on a mission for zero carbon with a long history, please apply or contact Jammy Recruitment for more information to make a considered decision.
Cost Manager employer: Jammy Recruitment
Contact Detail:
Jammy Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Cost Manager
✨Tip Number 1
Familiarise yourself with the latest trends and regulations in the UK electricity industry. Understanding how changes from Elexon can impact costs will not only help you in interviews but also demonstrate your genuine interest in the role.
✨Tip Number 2
Brush up on your advanced Excel skills, particularly in modelling large datasets. Consider creating a sample model that showcases your ability to forecast and analyse costs, as this could be a great talking point during your interview.
✨Tip Number 3
Prepare to discuss your experience with risk management strategies. Think of specific examples where you've successfully identified and mitigated risks related to costs, as this aligns closely with the responsibilities of the Cost Manager role.
✨Tip Number 4
Showcase your curiosity and willingness to learn during the interview process. This company values a curious mindset, so be ready to discuss how you've pursued continuous improvement in your previous roles.
We think you need these skills to ace Cost Manager
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of the Cost Manager position. Familiarise yourself with terms like Contracts for Difference (CfD) and the various costs involved in the energy industry.
Tailor Your CV: Highlight your relevant experience in cost management and your knowledge of the UK electricity industry. Emphasise your advanced Excel skills and any experience you have with large datasets or risk management strategies.
Craft a Compelling Cover Letter: In your cover letter, express your passion for the energy sector and your commitment to reducing carbon emissions. Mention how your skills align with the company's mission and values, and why you would be a great fit for their team.
Prepare for Interviews: Anticipate questions related to your understanding of third-party costs and risk management. Be ready to discuss your previous experiences and how they relate to the role. Show your curiosity and willingness to learn, as this company values a curious mindset.
How to prepare for a job interview at Jammy Recruitment
✨Show Your Passion for the Energy Industry
Make sure to express your enthusiasm for the energy sector during the interview. Discuss any relevant experiences or projects that highlight your commitment to renewable energy and reducing carbon emissions, as this company values a strong alignment with their mission.
✨Demonstrate Your Excel Skills
Since advanced Excel skills are crucial for this role, be prepared to discuss specific examples of how you've used Excel for modelling and handling large datasets. If possible, mention any complex analyses you've conducted that relate to cost management.
✨Understand the Risks and Volatility
Familiarise yourself with Contracts for Difference (CfD) and other relevant terms like BSUoS, DUoS, and TUoS. Be ready to discuss how these factors influence third-party costs and how you would approach risk management strategies in your role.
✨Prepare Questions for Your Interviewers
Engage with the interviewers by preparing thoughtful questions about the company's approach to cost management and their future plans in the energy sector. This shows your curiosity and eagerness to contribute to the company's growth and success.
