Job Description
Portfolio Analyst
Full time, Permanent
Location Ipswich, hybrid 2 days a week in office
Closing date: 24 February
Who we are:
Were not just talking about making a difference, were making it happen. We generate dispatchable, renewable power and create stable energy in an uncertain world. Building on our proud heritage, we have ambition to become the global leader in sustainable biomass and carbon removals.
Youll be joining our teams of practical doers, future thinkers and business champions. Were enabling a zero carbon, lower cost energy future for all, and working hard to decarbonise the planet for generations to come.
About the role:
As a Portfolio Analyst at Drax, your role is to carry out a range of activities to ensure effective management of Drax Energy Solutions (DESL) Power Position. This includes daily position management tasks whilst liaising with colleagues from Drax Power Limited (DPL) looking for opportunities to improve the effectiveness of our wholesale contract trading (both prompt and curve).
Youll also support the wider goals of the Pricing and Hedging team with opportunities to help design, build and manage optimisation models with the intention of creating value for electricity supply customers via their flexibility.
Some key responsibilities for this role include:
Operation and management of DESLs power position which combines our retail contract position with the traded contract position inline with DESLs Hedging Policy
Daily near term/day-ahead position management/trading
Long Term position management following close contact with the trading activities of the Flex team
Liaising with DPL trading team on wholesale market prices and opportunities to better balance the DESL position
Who were looking for:
To be successful in this role youll need to have -
Excellent numeracy skills with particular attention to speed, accuracy and attention to detail
A basic knowledge of the UK & European Power Markets
Ability to develop models from first principles and sense-check outputs
Ability to apply analytical techniques in a sensible pragmatic way and understand their limitations
The ability to make quick and concise trading decisions whilst maintaining attention to detail
Intermediate/Advanced Excel skills
A working knowledge of coding languages such as Python/VBA/SQL
Rewards and benefits:
As you help us to shape the future, weve shaped our rewards and benefits to help you thrive and support
your lifestyle. If successful in this role, youll get:
A discretionary bonus depending on company performance
Private Healthcare
SAYE (Sharesave): discretionary scheme from time to time
Personal accident cover
Group personal pension plan where well pay up to 10%
Holiday 25 days plus bank holidays
Reimbursement of the cost of your annual membership of one relevant and appropriate professional body
Were committed to making a tangible impact on the climate challenge we all face. Drax is where your individual purpose can work alongside your career drive. We work as part of a team that shares a passion for doing whats right for the future. With Drax you can shape your career and a future for generations to come.
Together, we make it happen.
At Drax, were committed to fostering an environment where everyone feels valued and respected, regardless of their role. To make this a reality, we actively work to better represent the communities we operate in, foster inclusion, and establish fair processes. Through these actions, we build the trust needed for all colleagues at Drax to contribute their perspectives and talents, no matter their background. Find out more about our approach here.
Talk to us about flexible working!
How to apply:
Think this roles for you? Click the apply now button to begin your Drax journey.
If you want to find out more about Drax, check out our LinkedIn page to see our latest news.
We understand that you may have some additional questions about the role. If youd like to have a confidential chat to discuss the role in more detail, please email
We reserve the right to close roles early when the particular role and / or location has had sufficient applications.
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