Senior Manager Market Analytics

Job Description

Eku Energy is deeply committed to our mission of accelerating the global energy transition by delivering safe, secure, and reliable energy storage solutions that provide cost-effective clean energy to existing and future generations. Our vision is to be recognized as the world's best creator of energy storage investment products.

At Eku Energy, we are a high-performance global team that is expert and specialist in energy storage: this is what we do. What sets us apart is our technology enabled business paired with our curiosity and outcomes focused mindset to deliver innovative solutions around design, contracting structures and financing to achieve the most cost-effective clean energy solution to energy users.

Operating across the entire project lifecycle—from origination and development through to construction and ongoing management. Eku Energy is a trusted leader in the energy sector. The company’s global presence across Australia, Japan, Italy, and the UK allows us to bring together a wealth of experience in navigating complex regulatory, financial and market environments.

Initially established by Macquarie’s Green Investment Group, Eku Energy is jointly owned by a Macquarie Asset Management managed fund and British Columbia Investment Management, two financial powerhouses advancing the renewable energy transition. Due to Eku’s accelerated growth period since launching in November 2022, the company now have 7 projects in either construction or operation with 50+ projects in the pipeline globally.

Introduction to the role

The Senior Manager, Market Analytics will be responsible for the market analysis underpinning the investment and contracting strategy of the Asia Pacific business. The analysis produced will underpin business decisions in Australia and New Zealand, supporting revenue contracting and asset investment opportunities. The role will support Eku’s Japanese business and inform future expansion opportunities across the Asia Pacific region.

The role will lead the analytics team in producing and communicating future market movements and trends. They will be responsible for Eku’s internal analytics capability as well as maintaining relationships with external consultants, utilising both to assess future risk and opportunities for the business. The market analytics will span both the spot market as well as forward traded products and an understanding of both dynamics will be key to success in this role.

The role would suit a person with significant quantitative experience in the National Electricity Market who enjoys taking on a challenge and is comfortable with both modelling and communication.

Responsibilities of the role

• Working with external experts to provide market-leading revenue outlooks and guidance on future revenue opportunities
• Working with internal stakeholders to determine the optimal mix of contracts for existing and future projects
• Driving the risk and return discussions for existing and future projects through quantitative modelling and robust market analytics
• Leading a small internal team and working closely with the rest of the Trading teams both in Australia and overseas

Requirements

• Degree qualification in a numerical degree (such as engineering, commerce, data science)
• Previous experience in quantitative analysis in the National Electricity Market
• Understanding of at-risk type analysis for opportunity evaluation
• Highly numerical with advanced modelling skills
• Passion for improving existing processes and the ability to challenge current thinking
• Clear communicator including at very senior level
• Must be available for interstate and possible overseas travel as required

The focus of the role will be optimisation of the Australian assets however there is an expectation that the Senior Manager will work closely with experts across different offices (Japan and the UK) as well as supporting new markets. This means there will be occasional out of hours calls and meetings.

Short to mid-term job targets (3, 6 and 12 month)

3 month targets:

• Risk evaluation of standard derivative products applicable to BESS (caps, swaps, peaks)
• Full evaluation of current BESS revenue forecasting tools (particularly P50 and methodology for high/low revenue cases)

6 month targets:

• Implementation of risk pricing (at-risk or similar) for deal and project evaluation
• BESS revenue forecasting strategy for Japan (with particular emphasis on the balancing market)
• Target list of preferred projects by region over a rolling 5-year period to be agreed with the Australian Leadership Team on at least an annual basis
• Implementation & ongoing maintenance of internal databasing tool (Snowflake) for market and asset data

12 month targets:

• Revenue reporting on value of real options on existing & future sites in NEM
• Quantification of portfolio value under different project and contract structures
• Understanding and articulation of value of hedges including alternative hedge products as it relates to investment (both financing and future sell down value)

Competencies required of all our people

• Organisational: Entrepreneurial thinking and acting - problem solving capability - innovation capability – proactive ‘can do’ attitude.
• Social: Highly motivated with a versatile personality - excellent interpersonal skills - client orientation, communicative - collaborative - keenness to knowledge share.
• Implementation: Self-management - result and solution orientated - quality awareness - Welfare, Health, Safety and Environmentally focused.
• Culture: Helps to build a foundation of trust – creates stability – instils kindness – provides structure – is and fosters accountability – cultivates a spirit of reliability – fosters respect.

Our commitment to Diversity, Equity and Inclusion

The diversity of our people is one of our greatest strengths. An inclusive and equitable workplace enables us to embrace that diversity to deliver more innovative and sustainable solutions for our people, clients, shareholders and communities. At Eku Energy, you'll be encouraged to be yourself and supported to perform at your best. We want you on our team. If you need adjustments made to the recruitment process or while you are working with us, please let us know.

As an inclusive employer, we do not discriminate on the grounds of age, disability, sex, sexual orientation, gender identity or expression, marriage, civil partnership, pregnancy, maternity, race (including colour and ethnic or national origins), religion or belief.

Joining Eku Energy means you’ll be able to work in a way that suits you best. With the right technology, support and resources, our people can work in a range of flexible ways. Talk to us about what working arrangements would help you thrive.

Benefits

• 25 Days of annual leave
• Flexible working
• Short Term Incentive bonus based on company and personal targets
• Great working culture globally
• Attractive remuneration package