Find a job 
Featured Companies 
Featured Universities 
For Companies At a Glance
- Tasks: Manage and analyse third-party costs in the energy sector.
- Company: Join a growing ethical company focused on reducing carbon emissions.
- Benefits: Enjoy flexible working, competitive salary, and generous holiday allowance.
- Why this job: Be part of a mission-driven team making a positive impact on the planet.
- Qualifications: Knowledge of the UK electricity industry and advanced Excel skills required.
- Other info: Career growth opportunities and supportive management for professional development.
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, including the choice of managing one direct report. 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 third party costs currently bought-in from external sources. Knowledge of the risks and volatility of Contracts for Difference (CfD) is required. Over time, you will have the opportunity to bring these costs in-house, so advanced Excel skills and modelling are necessary.
People enjoy working at this highly ethical company that aims to reduce carbon emissions and increase renewable energy. There is a feel-good factor in helping the planet, which makes employees proud to work here.
Your new role:
- Forecasting of energy and third 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 third party costs
- Becoming the subject matter expert for third party costs including Contracts for Difference (CfDs), BSUoS, DUoS, TUoS, RO, FiT and T losses
- Liaising with the parent company concerning REGOs
- Understanding how regulatory changes made by Elexon can impact future cost stacks
A full job description is available on request. Reporting into the Head of Cost and Risk, the Risk Modelling & 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 per week)
- Work from home 3 days per week, Birmingham (B3 - Snow Hill area) 2 days per week
- 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 third 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 third 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 will 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.
Risk Modelling & Cost Manager employer: Jammy Recruitment
Contact Detail:
Jammy Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Risk Modelling & Cost Manager
✨Tip Number 1
Familiarise yourself with the latest trends and regulations in the UK electricity industry, especially around Contracts for Difference (CfDs). This knowledge will not only help you during interviews but also demonstrate your genuine interest in the role.
✨Tip Number 2
Brush up on your advanced Excel skills, particularly in data modelling and analysis. Being able to showcase your proficiency in handling large datasets will set you apart from other candidates.
✨Tip Number 3
Prepare to discuss your experience with risk management strategies and how you've successfully implemented them in previous roles. This will show that you can contribute effectively to the company's goals.
✨Tip Number 4
Be ready to articulate your understanding of third-party costs and their impact on profitability. Having specific examples from your past work will help you convey your expertise convincingly.
We think you need these skills to ace Risk Modelling & Cost Manager
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of the Risk Modelling & Cost Manager. Familiarise yourself with terms like CfD, BSUoS, DUoS, and others mentioned in the job description.
Tailor Your CV: Highlight your experience and skills that are directly relevant to the energy industry and risk management. Emphasise your advanced Excel skills and any experience with large datasets, as these are crucial for the role.
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 background aligns with the company's mission and values.
Showcase Continuous Improvement Mindset: Demonstrate your curiosity and willingness to learn in your application. Provide examples of how you've contributed to continuous improvement in previous roles, as this is valued by the company.
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 aligns with the company's 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 Regulatory Landscape
Familiarise yourself with the regulatory changes made by Elexon and how they impact costs in the energy sector. Being able to discuss these changes and their implications will show that you are knowledgeable and proactive about industry developments.
✨Prepare for Stakeholder Engagement
As the role involves liaising with various stakeholders, think of examples where you've successfully communicated complex information to different audiences. Highlight your ability to build relationships and manage expectations, which is key in a collaborative environment.
