POWER PORTFOLIO ANALYST

  • Gazprom

Job Description

The power portfolio team is responsible for the day-to-day risk and operational management of the UK embedded power portfolio, consisting of gas peaker, solar, wind, LFG to name a few. About us: Gazprom Marketing & Trading (GM&T) is a subsidiary of the Gazprom group – the world’s largest gas producer and one of the world’s largest energy companies. Headquartered in London, GM&T operates to provide Gazprom group with a global marketing reach, round the clock operational coverage and excellent customer service. Established in 1999, GM&T has grown from a single office in London into a truly global organisation, with around 1000 employees worldwide. With offices in Europe, Asia and the USA, GM&T trades energy commodities including gas, power, oil, LPG, helium, emissions, LNG and FX and also operates a retail business, trading as Gazprom Energy. Our culture is defined by our people. Through living our values every day we continue to create a culture that enables us all to succeed. We work as one team with our customers, our parent company and each other in order to understand each other’s needs. With an unstoppable passion for excellence, growth and learning, we’re committed to creating an environment that fosters the development of knowledge, skills and experience, so that our people can thrive and prosper in their careers with us. We believe that we have the best team in the industry which makes us a trusted partner across international capital and energy markets. Our diverse employee base, with a wealth of expertise, knowledge and experience makes GM&T a truly exciting place to work. We encourage new ideas and initiatives as innovative thinking is central to how we do business. Most importantly, we are a growing and developing business where inspired individuals can make a difference and help shape our future. The Team: The power portfolio team is responsible for the day-to-day risk and operational management of the UK embedded power portfolio, consisting of gas peaker, solar, wind, LFG, etc. The power portfolio analyst reports into the power portfolio manager. Gazprom Marketing and trading operate over 1GW of embedded generation within the UK Duties & Responsibilities: Contracts: responsible for initial recording and review of contractual terms and PPA and adhere to internal processes when completing new client set up, oversight of contracts being stored in a central repository (PCP) and data accuracy, lease with relevant teams ensuring significant contractual changes are acknowledged. Day-to-day relationship management: be the first point of contact for Embedded Generation clients that includes and not limited to queries relating to billings and embedded benefits, trade bookings, asset parameters, market price discussions, ad-hoc queries,. Processes/IT improvements: analyse embedded generation portfolio using current systems and tools to identify best strategic solutions in order optimise asset(s) within the portfolio, suggest and drive improvement of existing processes to technical teams in order to further advance systems used by the team. Gas Peaker oversight: ensuring gas peakers handovers from Power Operations team are correct and address listed issues (if any), ensuring gas peakers are optimised correctly and to their full capacity, assisting Power Operations team during very busy and volatile market conditions. Settlements: be responsible for daily trade confirmations check, have the knowledge to check, address and communicate with the clients issues relating to monthly billing, have the ability to examine bookings at end of month, assess daily PNL figures and address any concerns with the relevant teams. Reporting: use tools to analyse portfolio performance and communicate it to clients in a form of a report, ensure that clients are not missing out on trading opportunities as well as for Gazprom Marketing and Trading not missing out on trading profits, suggest additional portfolio optimisation strategies based on the reports provided to clients and Power Operations. Renewables: evaluate historical MAPE, forecast coefficient calibration, and improve PnL by analysing and minimising imbalance costs OFGEM: monitor green certificates registry and check inventory, manage bookings of REGOs, LECs and ROCs, have the ability to correct any bookings discrepancies. Asset management: responsible for the correct submission of asset parameters by Embedded Generation portfolio clients and ensuring they are accurate. Long term Power & Gas Trading: forward hedging for peakers and other renewables in collaboration with power trader. Ability to look to develop new trading strategies to maximise the profitability of the portfolio. Metering issues: keep track and actively follow up on metering issues The role will require close collaboration with other teams: Originators; close collaboration pre- and post-deal execution to ensure a smooth deal life cycle Power Operations: responsible for the day-to-day execution of short term power and gas trading on behalf of Emgen clients. The power portfolio team will be the link between operations and origination. Settlements: responsible for the monthly Emgen power statements Retail: responsible for embedded benefits statements, gas billing, metering issues, contracting party. (Going forward this will be the responsibility of GM&T). Skills and Competencies: Excellent analytical skills and a good attention to detail Excellent computer skills; advanced knowledge of Excel is required ideally Excellent written and verbal communication skills Ability to work effectively as part of a team and individually Strong problem solving skills Ability to foster and build relationships across a variety of stakeholders, both internal and external Experience: Experience with trade log systems and/or settlement systems are plus Knowledge and understanding of UK Embedded generation and the UK power market Knowledge of supply point administration including dealing with metering issues, file flows, data aggregators/collectors/Govt. bodies etc. Excellent communication skills and ability to liaise with external stakeholders