Head/Senior Analyst- Power Market Modelling

4 weeks ago


Oslo, Norway Statkraft Full time

Company Description

As part of the Norwegian state owned Statkraft Group, Statkraft Markets Pvt. Ltd. has been in India since 2012. Statkraft is one of the largest traders in the European energy market and an important actor internationally. We trade energy and commodities in more than 20 countries and are active on 13 energy exchanges. Statkraft Markets holds a Category-1 inter-state trading license that allows it to trade unlimited volumes both bilaterally and through power exchange and thereby serve clients efficiently.

Why Statkraft?

Statkraft has been making clean energy possible for over a century. That’s what we offer. 128 years of unrivalled expertise in supplying the world with what it needs most. We envision a world that runs entirely on renewable energy. Because in the fight against climate change, we don’t see renewable energy as part of the solution – we believe it must be the solution. With us, you’ll shape a career that is truly forward-facing with many amazing opportunities and offerings to match.

Statkraft Markets is responsible for commercial activities and operations for Statkraft’s assets in India. Its goal is to optimize assets revenues; grow, operate, and manage profitable portfolios of structured power transactions, and develop business ideas which can be asset backed or risk capital backed. It comprises of specialists in the fields of Deal Origination, Portfolio Management, Market Analysis, Deal Operations, Risk Management, Commercial Project Management. The team works in a cross functional environment with strong links with the local business verticals, including asset development, and with other commercial teams in the global Statkraft organization.

But there’s more work to be done – that’s why we need you to join us.

Job Description

There are two distinct roles in this team. One is the team lead as Head and the other role is in the same team, reporting to the Head. As Head, you will report directly to the VP – Statkraft Markets in India and will be responsible for a team of 2-3 motivated members.

With your team, you will be responsible for the power market models for India- development, operations, maintenance, improvements etc. This includes, but not limited to, short to medium term fundamental models and statistical models for forecasting electricity prices and analytical solutions needed for decision making on various power/electricity instruments and markets, including modeling of the existing/new/anticipated market designs and policy directions. You will also work closely on the long-term price forecasting exercise for India – a very comprehensive as well as intensive annual exercise. The team is strongly linked to the modeling units in the Global offices, especially with Corporate Strategic Analysis in Oslo.

Your role will also be responsible for maintaining close coordination with Market Front office, Asset business development teams, Portfolio Management and Risk Management to ensure the development of business ideas, products, and services to achieve sound commercial decisions.

Key accountabilities and expectations of your role includes:

As a Head, this role is heavily reliant (75%-85%) on hands-on modeling skills and approach. Active support to management, especially with deliveries of fundamental price forecasting and energy analytics needs for India based on the use of unique tools and models. Tracking and analyzing relevant Regulatory frameworks and incorporating in the analysis space. You are expected to have a deep understanding of the full energy market value chain to provide support on business ideas and bespoke solutions to problem statements. Ownership of the modelling process, improvements, and to provide good quality reports, documents, and presentations to the stake holders and Management. Eagerness to learn and develop your own experience of best practices from colleagues from the global operations of Statkraft. Strong leadership skills, motivation, and ability to teach and develop subordinates to enable them to take independent responsibilities of the team’s deliveries.

Qualifications

8 years (Senior Analyst) to 15 years (Head) of relevant experience and analytical background. Academic background with University degree, preferably at master level, in mathematics, economics, finance or engineering (or any other quantitative study - engineering/pure-sciences/econometrics etc). Demonstrated and strong quantitative modelling skills - extensive application in power/energy markets or energy analytics. Sound understanding of the fundamental market drivers in full power and energy space. Good Communication (both, written & verbal) and presentation skills. Knowledge of India power markets and regulatory space; SDDP/PLEXOS/PROMOD or other models/tools will be a strong plus. 

Additional Information

A career with Statkraft is a career filled with purpose – meaning that every employee is not just making a living, they are making a real difference to the planet, our communities and the future.

This includes:

Unlimited learning opportunities at various levels of the organisation including LinkedIn Learning and inspiring leaderships program. The chance to grow your career alongside a truly global network of experts, leaders, specialists and graduates from different countries and backgrounds. The opportunity to work somewhere with pride, and to be able to honestly say “My work is contributing to saving the planet. A work culture that puts emphasis on the individual, offering flexible working.

Expected start date : As soon as possible

Location : New Delhi

Last date to submit applications : 15.01.2024


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