Risk Modelling & Cost Manager

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. Employees take pride in helping the planet.

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 and 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 REGO's
• 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 while staying profitable. This company openly encourages a curious mindset, so 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 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’ll figure that out later. 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.