Energy Pricing Lead

Overview

Want to join a frontrunner in renewable energy that is actively seeking early entry into new markets globally? Since the establishment in 2007, Scatec has acquired extensive knowledge and experience in developing, building and operating solar, wind and hydro power plants and storage solutions. Driven by our company values and competent global workforce, we aim to deliver competitive and sustainable renewable energy globally; protect our environment and improve quality of life through innovative integration of technology; and create shareholder value. We are present on four continents and are headquartered in Oslo, Norway.

Main purpose of positionCurrently we are looking for an Energy Pricing Lead in Oslo, Norway to be part of our global team working together towards our vision – Improving our future. As our Energy Pricing Lead you will be responsible for procuring and quality assuring Long Term Price Forecasts, as well as pulling and analysing spot and intraday prices where relevant. The role is the main analytical support for our PPA originators and inputs to our Market Risk Framework models globally. In general support the Energy Portfolio Management team and related processes, incl. educating the organisation on the topic of price drivers for different energy sales options and related risk via our existing models/code. You will have a central and exciting role in our decision process for new projects in power markets, with full support from experienced market operations specialists in the team.

Main responsibilities 

• Take lead on long- and medium-term capture price projections and modelling, including aligning external price forecasts, incl. analysis of cannibalisation and other relevant correlations and risks
• Together with the team ensure that market risk exposures are fully understood, managed, and communicated internally
• Be the lead analyst for assessing energy sales/hedging strategies for projects and portfolios with merchant exposure. Operating and/or developing related Python models
• Ensuring risk and return considerations are properly considered for non-contracted energy sales, as well as be an interface towards Project Finance for consistent modelling of individual project returns and risks across the globe
• Assist globally in structuring of long term PPAs and other energy sales strategies ensuring that portfolio effects and offtake/balancing risks are understood
• Keep track of regulatory changes about markets with operating assets and of strategic interest
• Create and present material for project investment decisions related to the above
• Help prepare the organization for active market hedging and balancing operations via risk/return analysis and related models, and gradually taking on other or additional roles and responsibilities in this regard

Qualifications and competencies 

• Master level in applied mathematics or finance, industrial engineering.
• 3-5 years of experience from price forecasting (medium- and long- term preferred) or Middle Office type analysis
• Good understanding of mathematical and statistical model concepts
• Good understanding of energy markets, policies, and regulations, as well as price drivers in electricity markets
• Knowledge of coding: Python
• Language: fluent both written and spoken in English

Personal characteristics

It is part of every employees’ terms of reference to contribute to Scatec's vision: Improving our Future and adhere to our company values which are:

• Predictable: demonstrate clear communication and listening skills, shares information in an open and honest way
• Driving results: demonstrate determination, pro-activeness, can prioritise and work independently
• Changemaker: demonstrate entrepreneurship, can challenge, fast learner, take initiates and adjust
• Working together: demonstrate teamwork, shares responsibilities, can compromise, has a can-do attitude

We offerScatec is an exciting, innovative and ambitious company operating in a growing industry. We offer a challenging and interesting position where you will be part of a flexible, diverse and truly international working environment consisting of highly competent and committed colleagues with a positive drive to make a difference. Scatec is an equal opportunity employer and values diversity. All qualified applicants will receive consideration for employment without regard to race, colour, religion, sex, national origin, disability status, protected veteran status, or any other basis protected by appropriate law. All hiring decisions are made based on merit, competence and business need.

Applications will be processed on a continuous basis.