Hedging and Trading Specialist

Hedging and Trading Specialist Department: Trading Employment Type: Full Time Location: Dublin 18 Compensation: €45,000 - €65,000 / year Description We are expanding our hedging, pricing and trading team to allow us to support an expansion into the commercial energy supply sector through our new Yuno Energy brand. As part of this expansion, we are looking for a hedging and trading specialist to join our team of energy and commodity market experts. The team fosters a strong spirit of collaboration, continuous development, and excellence. Our work is heavily data based; therefore, you should have a third level degree in a quantitative subject such as engineering, mathematics, finance / economics, or the sciences. Work experience in the industry is desired for the role with any gas and electricity analytics or trading experience being highly advantageous. You should have a good understanding of electricity and gas markets, and a desire to know and understand more about how our customers consume energy and how wholesale and retail energy markets will develop in the future. You will support us in implementing, tracking and trading hedge strategies, along with providing best-in-class analysis of the markets we operate in. As we are a data driven company, Ideally, you should have an understanding, or the ability to gain an understanding of tools used to store, query and process databases. Key Responsibilities Exposure Monitoring: tracking fixed price and variable price customers across all Yuno Books, commercial and residential gas and electricity. Ensuring consistency between systems of record and customer number and demand assumptions. Calculation and checking of associated electricity, gas, carbon and environmental certificate exposures. Ensuring the approved hedge strategy is being adhered to. Market Analysis: Tracking the market, using existing tools and developing new tools to improve in-house forecasts and analysis of wholesale commodity movements and projections to inform better trading decisions and strategies. Forward Trade Execution: Executing forward trades in the following products, electricity, gas, carbon and environmental certificates. Seek appropriate approval prior to trade execution, based on approved trading strategy, monitor market behaviour and sentiment to optimise hedge execution timing. Flex Trades on behalf of commercial flex customers. Maintain good relationships with brokers and counterparties. Ensure collateral is in place to trade ahead of trading windows. Trading Administration: Logging of Trade details into the system of record, checking and signing counterparty confirmations, EMIR/REMIT reporting trades where applicable. Reallocation and splitting of Trades to appropriate books. Development of new tools to increase efficiency and accuracy of trade administration. Reporting and Metrics: Reporting of Trading KPI'S associated with Hedging and Trading. Trading and reporting of key risk metrics and development and improvement of risk tools. Daily Trading: Daily trading of gas and electricity, calculation and execution of day ahead trades Ad hoc projects and support: Analysis and impact of new regulations and working on new business opportunities such the utility of vertical integration and asset acquisitions. Skills, Knowledge and Expertise Five years' experience in the energy industry within supply and generation Understanding of the Irish Electricity and Gas markets Be resourceful and proactive. We are looking for a self-starter who enjoys having accountability and ownership while being part of a collaborative team Strong problem solving, analysis and attention to detail High level of proficiency in Microsoft Excel Strong data handling & programming skills are highly desirable with experience in tools such as or similar to: Python, SQL and PowerBI. Comfortable working with large amounts of data Clear, concise and structured communication skills Ability to follow, map and improve processes Adaptable, flexible, able to change priorities Benefits Competitive salary & bonus structure Great career progression opportunities Continual training and development 21 days annual leave, increasing with service PrepayPower Staff Tariff Great staff social events provided by employee-led Wellness & Sports, CSR and Social committees Monthly beer and pizza on the first Friday of each Month Regular Fruit drops, twice a week Refer a Friend Scheme Employee Assistance Programme - a confidential 24/7 support for employees provided by Telus Tax Saver Travel Tickets Bike to Work Scheme Modern offices with excellent facilities Pension Contribution Scheme after twelve months of service. To be considered for this role you will be redirected to and must complete the application process on our careers page. To start the process, click the Apply button below to Login/Register.