Fundamental & Economics Manager

Join us, be part of more. 

We’re so much more than an energy company. We’re a family of brands revolutionising how we power the planet. We're energisers. One team of 21,000 colleagues that's energising a greener, fairer future by creating an energy system that doesn’t rely on fossil fuels, whilst living our powerful commitment to igniting positive change in our communities. Here, you can find more purpose, more passion, and more potential. That’s why working here is #MoreThanACareer. We do energy differently - we do it all. We make it, store it, move it, sell it, and mend it.  
  

About your team: 

You’ll be working centrally within our mission control room, aka Centrica’s group functions. From Finance and Data Science, to our Wellbeing and People teams - this is the engine of our energy system, where our various Centres of Excellence power up each of our brilliant businesses, ensuring they have all the support, technologies, and capabilities they need to get our customers to Net Zero by 2050.

We have an excellent opportunity for a Fundamental & Economics Manager to join our Fundamentals & Economics Team within Group Strategy.

Group Strategy oversee Centrica’s investment review process, including assessing investment proposals and making recommendations to Centrica’s leadership team. One of the core responsibilities of the Group Fundamentals & Economics Team is to support this process by running complex fundamentals economic models to provide price signals to the Group. Centralising a robust set of fundamental assumptions (the “house view”) and ensure consistent application and understanding across Centrica’s various businesses. The Group Fundamentals & Economics Team will be the owner of the house view and understand how variances to the assumptions impact the overall Group financial plan and investment outlook.   

• Location: Windsor based, but can also be UK flexible

What will you do?

• Supports the production of crucial inputs to Centrica investment and trading decisions (the “house view”) spanning financial assumptions (WACC, interest rates, etc.), long-dated commodity curves (Brent, NBP, Baseload Power, Capacity, Battery, Peaker, Solar/Renewables and other ancillary curves as required)

• Drives the build out of the Centrica Fundamental Modelling capability engaging with internal and external stakeholders to influence direction.  Maintaining a balance of internal and external fundamental outlooks

• Develop and maintain the European power fundamental market model Plexos. Ensuring model accuracy and testing against 3rd party views

• Support projections with fundamental insights into House View forecasts, supporting the understanding and drivers for the views

• Interact with wider modelling teams to ensure effective collaboration across the group

• Provide routine back-casting of the model to maintain accuracy supported by market analysis to understand changing dynamics

• Intellectual curiosity to understand the assumptions and details around:

  • Varying forward curves from 3rd party curves providers

  • Consistency of methodology/assumptions across different assets/commodities

  • Consistency with curves managed by Centrica’s Energy Marketing & Trading team

  • Various perspectives across Centrica from the Retail, Trading to Generation areas

• Confidence to challenge the third-party curve providers on their outputs and assumptions understand and highlighting weaknesses

• Collaborates to around the group to ensure a robust methodology and alignment of assumptions

• Attention to detail and tenacious work ethic to ensure consistent application of inputs into financial forecasts and business cases 

• Identifies and continuously improves methodology and processes

• Support in relationship management of 3rd party curves and market data providers

• Responsibility for running the quantitative analysis of market fundamentals, forecasts and trends

• Maintenance of the data warehousing of key information on market analysis and information supporting projections

• Improving market awareness of the group providing stakeholder with market updates and commentary

What are we looking for?

• Degree qualified with a quantitative discipline, preferably with an economics discipline

• Strong problem-solving, quantitative, analytical skills and attention to detail

• Strong experience using analytical and data manipulation tools such as Excel, SQL, Python

• Strong presentation skills and comfortable in presenting to senior stakeholders

• Experience in Energy Markets and a strong interest and understanding of market drivers

• Ability to work under pressure to tight deadlines and adapt to new challenges in a dynamic environment with shifting priorities

Why should you apply?   
  
We’re not a perfect place – but we’re a people place. Our priority is supporting all of the different realities our people face. Life is about so much more than work. We get it. That’s why we’ve designed our total rewards to give you the flexibility to choose what you need, when you need it, making sure that you and your family are supported not only financially, but physically and emotionally too. Visit the link below to discover why we’re a great place to work and what being part of more means for you.  
  
https://www.morethanacareer.energy/centrica

If you're full of energy, fired up about sustainability, and ready to craft not only a better tomorrow, but a better you, then come and find your purpose in a team where your voice matters, your growth is non-negotiable, and your ambitions are our priority.

Help us, help you. We would love for you to share any information about yourself throughout our recruitment process so that we can better understand you and help shape your journey.