Residual Value Principal Analyst

Job Description

Accurately predicting the residual value of electric vehicles (EVs) at the end of a lease period is challenging due to several factors. The rapid pace of technological advancements in batteries, variations in government incentives, and fluctuating consumer demand make it difficult to forecast how well an EV will retain its value over time. Uncertainties surrounding battery life, the evolving charging infrastructure, and the future resale market contribute to the complexity.

You will play a critical role in developing, implementing, refining and subsequently owning a sophisticated residual value model for Electric Vehicles. This is a stand-alone role where your expertise in emerging technologies, market dynamics and statistical modelling will drive our ability to enhance the residual value forecasts of our electric vehicles, contributing to world leading strategic decision-making and market competitiveness.

What you'll do

• Strategic thinking: produce and own a differentiated and informed strategy for EV valuations in a rapidly scaling market, providing actionable insights and recommendations to senior management including C-suite and board members.
• Risk analysis: evaluate potential risks associated with new technologies, including market adoption, regulatory challenges, and competitive threats.
• Model development: oversee the design, development, and implementation of a comprehensive world leading Residual Value Model for EVs, utilising the Data Science team.
• Data analysis: analyse diverse data sets to estimate the probability of external events and the size of their impact on residual EV prices.
• Feature engineering: identify and engineer key features that significantly impact the residual value of EVs, ensuring the model's robustness and accuracy.
• Industry insights: stay abreast of industry trends, advancements in EV technology and changes in market dynamics, to continuously enhance the model.
• Cross-functional collaboration: work closely across teams including product development, marketing, pricing and fleet operations to align model outputs with business objectives and market strategies.
• Senior stakeholder management: Engage with senior management to communicate the complexities of the model in a way to build trust and confidence in the residual value setting process.

What you'll need

• Curiosity and passion for solving problems at global scale
• Flexible mindset able to anticipate a wide range of future scenarios
• Highly proficient in data analysis
• Willingness to seek out innovative data sources and approaches
• Proven record of initiative taking
• Success in communicating strategy to senior stakeholders
• Experience with advanced probabilistic modelling and prediction under uncertainty is desirable

Why else you'll love it here

• Wondering what the salary for this role is? Just ask us! On a call with one of our recruiters it's something we always cover as we genuinely want to match your experience with the correct salary. The reason why we don't advertise is because we honestly have a degree of flexibility and would never want salary to be a reason why someone doesn't apply to Octopus - what's more important to us is finding the right octofit!
• Octopus Energy is a unique culture. An organisation where people learn, decide, and build quicker. Where people work with autonomy, alongside a wide range of amazing co-owners, on projects that break new ground. We want your hard work to be rewarded with perks you actually care about! We won best company to work for in 2022, on Glassdoor we were voted 50 best places to work in 2022 and our Group CEO, Greg has recorded a podcast about our culture and how we empower our people
• Visit our perks hub - Octopus Employee Benefits