Senior Energy Margin Analyst (m/w/d)

Job Description

You’ll be at the forefront of the UK’s energy transition, making a real difference for our customers and our planet!

Where you’ll work

Depending on the needs of your business area, we expect hub based people to be in the office at least once a week, and to go to OVO Connection events in-person.

You’ll be assigned to the closest one of our three hub offices, Bristol, Glasgow, or London; unless your role requires field-based work. Each hub has accessible spaces to park your laptop, is designed to inspire people, help them connect and bring big ideas to life.

Everyone belongs at OVO

At OVO, we are on a mission to solve one of humanity's biggest challenges, the climate crisis. And we know it takes all of us to change the world. That's why we need diverse people from all gender identities, ethnicities, ages, sexual orientations, life experiences and backgrounds to join us.

Teamworking for the planet

Everything we do here spins around Plan Zero. So, naturally, the team you’ll be joining plays a gigantic role in making that happen. Here’s how:

Working within OVO’s Energy Markets and Optimisation (EMO) function, this role sits within the Energy Margin area of the Future Energy team. We’re a team of experts on the energy market who provide deep insight on the costs and revenues of energy retail.

This role in a nutshell

You’ll be an expert in forecasting the energy costs and revenues of energy retail, and work with teams across OVO to provide critical insights on the risks and opportunities your forecasts present. You will also engage with external colleagues across industry on key topics such as the retail price cap.

Your key outcomes will be

• Maintain a deep understanding of the potential industry changes that could influence direct costs and/or the price cap in the future and work with the Policy and Regulation team to develop robust lobbying positions that support OVO’s goals.
• Actively engage with and develop relationships with key external stakeholders (regulator, market operators, industry experts) to ensure we are aware of all upcoming changes that could influence costs or the cap in a timely manner.
• Influencing external stakeholders to support OVO’s Plan Zero mission by representing OVO at industry stakeholder events and bilateral meetings with industry bodies, government and regulators.
• Develop strong relationships with internal stakeholders across all levels to consolidate and cascade information, highlight risks and opportunities and develop business processes.
• Contribute to the technical development of automated systems and processes that ensure that forecast cost, tariff and margin data are made available to all internal stakeholders in an efficient and timely manner.
• Use your knowledge of analytical and statistical methods to develop robust and accurate industry cost forecast models and price cap forecast models.

You’ll be a successful Senior Energy Margin Analyst at OVO if you have / are…

Essential:

• An analytical degree, such as Maths, Physics, Engineering, Management Science, Finance or Economics.

• 2+ years work experience in an analytical role within the energy industry.

• Commercial awareness to support prioritisation and communication at a senior level.

• Comfortable working with ambiguity and do not see it as a blocker to progress.

• Able to learn quickly in order to develop a detailed understanding of existing models and processes.

• Highly analytical with strong data manipulation skills and a demonstrably high attention to detail.

• A self-starter, comfortable working both autonomously and with colleagues to deliver value in a small, high-functioning team.

• Able to communicate complex ideas to a range of stakeholders, including senior leaders.

• Our primary tooling includes: BigQuery, Tableau/Looker, Python, Github and Airflow. You will need to either have experience in these tools, or be keen and confident to learn them in-role.

Desirable:

• Experience in cost or price cap forecasting.
• Experience of using BigQuery or SQL to create robust reporting and analysis.
• Experience in statistical and optimisation Python libraries such as Pandas and NumPy.

You won’t like this role if you…

• Like to have defined tasks provided to you - we are a small team and the successful applicant will need to use their initiative in solving defined problems in innovative ways.
• Are uncomfortable with ambiguity or working in a fast paced and dynamic environment.
• Are not a team player, like to “stick to your lane” and resent occasionally reaching across to support a colleague.

Let’s talk about what’s in it for you

We’ll pay you between £45,770 and £60,000, depending on your specific skills and experience.

We keep our pay ranges broad on purpose to give us, and you, flexibility to match your experience to our zero carbon mission.

You’ll be eligible for an on-target bonus of 15%. We have one OVO bonus plan that focuses on the collective performance of our people to deliver our Plan Zero goal.

We also offer plenty of green benefits and progressive policies to help you feel like you belong at OVO…and there’s flex pay. It’s an extra 9% of your salary on top of your core pay to use as you like. You can take it as cash, add to your pension, or choose to spend it on a huge range of flex benefits.

Here’s a taster of what’s on offer:

For starters, you’ll get 34 days of holiday (including bank holidays).

For your health With benefits like a healthcare cash plan or private medical insurance depending on your career level, critical illness cover, life assurance, health assessments, and more.

For your wellbeing With gym membership, gadget, travel and cyber insurance, workplace ISA, will writing services, DNA testing, dental insurance, and more.

For your lifestyle With extra holiday buying, discount dining, culture cards, tech loans, and supporting your favourite charities with give-as-you-earn donations.

For your home Get up to £300 off any OVO Energy plan (when you pay by Direct Debit), plus personal carbon offsetting and great discounts on smart thermostats and EV chargers.

For your commute Nab a great deal on ultra-low emission car leasing, plus our cycle to work scheme and public transport season ticket loans.

Want to hear about our full range of flexible benefits and progressive people policies? Our People Team can tell you everything you need to know.

For your Belonging

To find better ways to support our people, we need to listen to each other’s experiences and find ways to build a truly inclusive and diverse workplace. As part of this, we have 8 Belonging Networks at OVO. Led by our people, for our people - so when you join OVO, you can play a part - big or small - with any of the Networks. It's up to you.

Oh, and one last thing...

We’d be thrilled if you tick off all our boxes yet we also believe it’s just as important we tick off all of yours. And if you think you have most of what we’re looking for but not every single thing, go ahead and hit apply. We’d still love to hear from you!

If you have any additional requirements, there’s a space to let us know on the application form; we want to make the process as easy and comfortable for you as possible.