Quant Modeler U.S. Power Markets

Quant Modeler U.S. Power Markets

Location: Houston, Zrich, OR London
Employment Type: Full-Time
Workplace Type: Hybrid (Two days per week)

About Pexapark

The journey began in August 2017, when energy traders Michael Waldner and Luca Pedretti, together with software entrepreneur Florian Mller, set out to do their share in shaping the renewable energy transition.

Our Purpose We make renewable energy markets more efficient to accelerate the energy transition.

Our Vision Be the global leader in market data, insights and services, enabling customers to succeed in renewable energy markets.

Our Mission Empower clients with transparent, accessible market intelligence, innovative analytics, and facilitation of energy transactions.

Pexapark is now looking to further expand its success story to the U.S. market on the back of a recent 21 million USD Series C funding round.

The Role

As the Quant Modeler at Pexapark USA, you will be responsible for the development, enhancement, deployment, and calibration of the core technology underpinning our award-winning software products.

Pexapark vision is to make renewable power markets more efficient. We do so by providing software to manage renewable investment globally and providing reference prices and market intelligence for renewables. More than 15000 MW of renewable capacity runs on our software already while our data, prices and insights are used by more than 200 leading renewable investors across 20 markets. Pexapark is pioneering a new software category, has revolutionized the Power Purchase Agreement (PPA) markets and is the upcoming price reference-setting body in the European market.

Serving as a subject matter expert and lead quant modeler in the U.S., you will spearhead the development, enhancement, deployment, and calibration of quantitative models that empower leading renewable energy investors to price PPAs and manage renewable price risks.

As part of the Quantitative Methodology team, you will tackle a diverse array of modeling and optimization challenges aimed at assisting Pexaparks clients in addressing a wide spectrum of investment topics, ranging from asset and complex hedging valuation to optimal portfolio allocation.

How will you help:

• Regular calibration of U.S. PPA prices given price polling and evidence
• Extending and adjusting current PPA price methodology to the U.S. markets and products
• Support sales and account management teams
• Ensure the accuracy of underlying price and production data used in PPA price calculations
• Support marketing with US-specific queries

What youll bring:

• Strong understanding of the U.S. power market, particularly ERCOT
• 5+ years of working experience in data science and quantitative models including statistical analysis and stochastic modeling (especially Monte Carlo simulations) preferably related to the power market
• Familiarity with (sub-) hourly price forward models and optimization techniques on time-series energy data sets is a plus
• Experience in numerical programming languages (preferably Python or R)
• Familiarity with SQL
• A good sense of humor

How We Work

At Pexapark, we have our own way of doing things. The secret sauce that makes up Pexaparks culture is made up of six ingredients:

• Be an entrepreneur We have a bias to action
• Deliver WOW What we do, we do well
• Put the customer interest first We help our customers succeed
• Be accountable Everyone at Pexapark is responsible for success, If it is to be, it is up to me
• Systematic and data-driven We evaluate our decisions for biases and overcome them through data and reflected processes
• Be humble We admit when were wrong and dont blame each other

We Offer

• The opportunity to substantially influence major decisions in the energy sector, supporting the transition to net zero
• A highly flexible environment with hybrid working possibilities
• Options for equity participation in our company
• Opportunity to travel to company and industry events
• A fun scale-up culture made up of an internationally diverse team of renewable energy experts and seasoned professionals
• Company bonus scheme/Company incentive plan

Were proud to have a truly international team where everyone can contribute and have their voices heard. Inclusive teams help to ensure every employee feels respected, empowered to contribute towards our mission, and able to progress in their careers. Our aim is to make our hiring processes as accessible for everyone as possible, including providing adjustments for interviews where we can.