An exciting opportunity has arisen at RWE npower for a Tariff Hedging Manager to join Retail Energy Management. This is a full time role to be based in our Swindon office.
There has never been a better time to join us at npower as we embark on an exciting journey to become number one in customer experience in the energy industry and have also just been recognised as one of Britain’s Top Employers.
Role description and what we’re looking for
Working closely alongside the business segments, Retail Energy Management exists to manage risks associated with purchasing, delivering and reconciling energy to our customers.
Hedge Execution forms a key part of the Retail Energy Management team, holding responsibility for optimising the hedging of the underlying commodity exposures which arise when npower win and/or retain customers. Within Hedge Execution, the Tariff Hedging team focuses on optimising the commodity positions of our Domestic business.
As Tariff Hedging Manager, you will be leading the team responsible for executing the commodity hedging strategy. Each week your team will receive a mandate to purchase a pre-determined quantity of power and gas, with flexibility on exactly when you do this. You will likely delegate responsibility for individual decisions to your analysts but will need to oversee and challenge the trade decisions that they make, ensuring that financial goals are achieved and that the risk/reward balance is appropriate to the circumstances.
Knowledge and Skills
With experience in Energy, you’ll demonstrate knowledge of and an interest in the domestic energy / wholesale market and relevant instruments, have strong communication and analytical skills and be able to proactively discuss and resolve issues with stakeholders at all levels. Whilst the work we do is reasonably technical, many of our stakeholders are not, so it’s important that you’re able to communicate these concepts in a simple manner.
You should be numerate with good problem solving skills and should have a proactive desire to increase our team’s exposure with stakeholders and develop relationships around the business. You should also challenge the status quo, looking for better ways of doing what we already do and seeking out opportunities to do something that we’ve not done before to add value for npower, or improve the service received by our customers.
As the roles and responsibility of the team develop over time, new opportunities will present themselves. You need to be visionary and innovative enough to see and grasp these possibilities, and commercially astute enough to turn these opportunities into value for RWE npower.
You’ll have line management responsibility for two hedging analysts and a graduate, so you’ll be responsible for prioritising their workloads, supporting their day to day work, and for developing their skills through 121s to ensure they see progression in their day to day work and objectives.
We use Excel a lot, along with a reasonable amount of VBA so any understanding of this would also be beneficial.
With lots of things going on, it’ll be important to prioritise the workload of you and your team to ensure our key objectives are met, i.e. that processes are carried out correctly, trading limits are adhered to and so on.
This is an excellent opportunity for an ambitious individual to join a team at npower’s commercial heart, Retail Energy Management, and to develop a broad range of quantitative and qualitative skills.
What you’ll get in return
Our people are our most important asset and are what sets us apart from the competition. We offer a competitive salary and impressive benefits package, and the opportunity to really shape the future of the business whilst receiving the support you need to develop your skill set and experience to achieve your long term ambitions.
RWE npower is a leading UK energy company and is part of the RWE Group, one of Europe’s leading electricity and gas companies. We serve around 5.4 million residential and business customers with electricity, gas and energy. Through RWE Generation, we operate and manage a flexible portfolio of coal, oil, biomass and gas-fired power stations, producing more than 10% of the electricity used in Great Britain.
npower’s recruitment activity is managed by the Internal Resourcing team. Please send CVs to [email protected].
Job reference: SN771307RN_64
Sector: Energy Risk and Forecast Management
Closing date: 22/04/2015
Job type: Permanent Full Time
Salary: Upto £50,000 plus package