Forward Contract Negotiator

Posted 4 weeks ago
Our client is recruiting for a Forward Contractor Negotiator based in Leeds. This is a permanent full-time role working 37 hours per week. On offer is a competitive salary and benefits package.

General Overview:
The Forward Contract Negotiator will be responsible for the hedging and balancing of the Business and Home Energy supply and export portfolios at the least possible cost / risk. The role manages forward positions for retail gas supply businesses and delivers customer price fixing service,
ensuring compliance with Retail Hedging Strategy, OTC Pricing Policy and Market Risk Policy.

Main Responsibilities/Duties Include:

  • Obtaining the best possible commodity prices for our flexible customers by trading on the OTC wholesale market with Group trading entities.
  • Developing and maintaining working relationships with customer contacts and Third-Party Intermediaries who trade on behalf of these customers.
  • Production of daily forward curves based on live market prices and maintaining forward curve pricing models.  Creation of bespoke curves upon request.
  • Balancing the retail portfolios to accommodate demand forecast changes in accordance with the latest Retail Hedging Strategy.
  • Optimisation of contracts with flexibility to ensure best possible financial results with minimum risk.
  • Ensuring good handover of positions to the shift team close to delivery.
  • Ensuring market trades are accurately recorded in the company’s Deal Capture and Risk Management System (DCRM) in a timely manner.
  • Monitoring of wholesale market prices and market fundamentals with a view to influence hedging strategies
  • Provide analytical support regarding retail hedging.
  • Working closely with Demand Forecasting teams to ensure an accurate and controlled forecasting and balancing process is observed
  • Provision of information to Account Managers to support deal closures.
  • Support to trading system improvements and implementation.
  • Ensuring Gas traded positions are accurately nominated on Xoserve Gemini system.
  • Ensuring forward trades & traded positions are consistent with the view of trading counterparties.
  • Adherence to internal processes and risk frameworks.
  • A Level (or equivalent) in Maths/Statistics or relevant industry experience.
  • Degree level (or equivalent) in a relevant discipline, or specific related experience.
Knowledge and skills: 
  • Numerate, analytical and accurate.
  • Microsoft Office proficient – VBA skills are desirable.
  • Proven ability to present information effectively.
  • Able to demonstrate a practical approach to problem solving.
  • Understanding of the wholesale electricity and gas markets in the UK.
  • Proven ability to organise and produce work within tight deadlines.
  • Able to successfully communicate and manage external customers.
  • Experience of managing large sets of data.
  • Demonstrated ability to succeed in a complex environment.

If this sounds like you please apply ASAP

Job Features

Job CategoryCoordinator, Energy, Facilities
Job locationLeeds
SalaryDependent on experience
Job baissPermanent

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