Senior Modellor

Senior Modeller - basic to £70,000, package to £85,000 - South West

Job Title - Senior Modeller

Salary - £60,000 - £70,000pa

Benefits - Generous benefits package which includes 15% performance related bonus scheme, £4,800 car allowance, pension scheme, private health insurance and also the Richard Denny unique Business Lifestyle Programme - see dennyexec.co.uk

Location - South West

Our client is the UK's leading cogeneration plant owner and operator. The Commercial Asset Management (CAM) function within the business has commercial responsibility for a large portfolio of fossil fuelled power generation and cogen plant.

The Planning and Optimisation team within CAM plays a key role in: business planning, commodity risk management, value optimisation, portfolio development and management of environmental challenges.

The role of the Senior Modeller is to provide technical modelling and analytical experience to support the work of the team. More specifically you will be responsible for:
*Developing and maintaining models to quantify the impact of decisions affecting the value and risk of our client's generation portfolio.
*Developing and maintaining effective risk management tools to assist in and managing the risks embedded in the Generation business (e.g. hedge policy, station reliability and environmental risks).
*Carrying out quantitative and qualitative analysis to support decision making, in particular with regard to the purchase of insurance products and business planning for our main plant.
*Reviewing and updating the risks maintained by CAM on the corporate risk register.

The role requires a strong in quantitative modelling within the power sector, preferably with some exposure to quantitative finance and risk modelling techniques. Also required is a good degree (and further qualification) in a numerate discipline.

Other requirements of the role are:

*A broad appreciation of the power generation business including a sound knowledge of market fundamentals and an understanding of the importance of tightening environmental constraints.
*A good theoretical knowledge of derivative instruments, practical experience of their application and behaviour and an in depth understanding of valuation and risk analysis methods.
*Excellent spreadsheet modelling skills and experience using VBA to develop sophisticated models. Ideally this would be coupled with knowledge of other modelling tools for example Matlab, @Risk etc
*Exposure to a wide range of modelling and analytical techniques for example: Monte Carlo simulation, Linear Programming, Dynamic Programming, Econometrics etc. More importantly, the ability to learn and apply new techniques where appropriate.
*Ability to apply theoretical knowledge to practical, real world commercial situations
*A talent for distilling out of complex models the key issues and insights to inform decision making, and the ability to communicate these in an intuitive way.
*An ability to work to tight timescales on a number of different projects
*Have an enthusiastic and flexible attitude to a changing and challenging work environment

This role is immediately available, so apply NOW including your cv and covering note detailing the key areas showing your suitability for the role ASAP.

Please note that our client can only consider candidates who are authorised to work in the UK.