Portfolio Analyst

Portfolio Analyst

Full time, Permanent
Location – Ipswich, hybrid 2 days a week in office

Closing date: 24 February

We’re not just talking about making a difference, we’re making it happen. We generate dispatchable, renewable power and create stable energy in an uncertain world. Building on our proud heritage, we have ambition to become the global leader in sustainable biomass and carbon removals.

You’ll be joining our teams of practical doers, future thinkers and business champions. We’re enabling a zero carbon, lower cost energy future for all, and working hard to decarbonise the planet for generations to come.

As a Portfolio Analyst at Drax, your role is to carry out a range of activities to ensure effective management of Drax Energy Solutions (DESL) Power Position. This includes daily position management tasks whilst liaising with colleagues from Drax Power Limited (DPL) looking for opportunities to improve the effectiveness of our wholesale contract trading (both prompt and curve).

You’ll also support the wider goals of the Pricing and Hedging team with opportunities to help design, build and manage optimisation models with the intention of creating value for electricity supply customers via their flexibility.

Some key responsibilities for this role include:

• Operation and management of DESL’s power position which combines our retail contract position with the traded contract position inline with DESLs Hedging Policy
• Daily near term/day-ahead position management/trading
• Long Term position management following close contact with the trading activities of the Flex team
• Liaising with DPL trading team on wholesale market prices and opportunities to better balance the DESL position

To be successful in this role you’ll need to have:

• Excellent numeracy skills with particular attention to speed, accuracy and attention to detail
• A basic knowledge of the UK & European Power Markets
• Ability to develop models from first principles and sense-check outputs
• Ability to apply analytical techniques in a sensible pragmatic way and understand their limitations
• The ability to make quick and concise trading decisions whilst maintaining attention to detail
• Intermediate/Advanced Excel skills
• A working knowledge of coding languages such as Python/VBA/SQL

As you help us to shape the future, we’ve shaped our rewards and benefits to help you thrive and support your lifestyle. If successful in this role, you’ll get:

• A discretionary bonus depending on company performance
• Private Healthcare
• SAYE (Sharesave): discretionary scheme from time to time
• Personal accident cover
• Group personal pension plan where we’ll pay up to 10%
• Holiday 25 days plus bank holidays
• Reimbursement of the cost of your annual membership of one relevant and appropriate professional body

We’re committed to making a tangible impact on the climate challenge we all face. Drax is where your individual purpose can work alongside your career drive. We work as part of a team that shares a passion for doing what’s right for the future. With Drax you can shape your career and a future for generations to come.

At Drax, we’re committed to fostering an environment where everyone feels valued and respected, regardless of their role. To make this a reality, we actively work to better represent the communities we operate in, foster inclusion, and establish fair processes. Through these actions, we build the trust needed for all colleagues at Drax to contribute their perspectives and talents, no matter their background.

Find out more about our approach here