Quant Modeler - Austin, United States - Pexapark

Description

Job Description

Quant Modeler

Austin

Full-Time

Quantitative

Our Purpose

At Pexapark, we empower renewable energy players to thrive in post-subsidy markets. Keeping renewable investments attractive is our contribution to a more sustainable world.

The journey began in August 2017, when energy traders Michael Waldner and Luca Pedretti, together with software entrepreneur Florian Müller, set out with the purpose of accelerating the energy transition towards net zero by creating an efficient market for renewable energy.

We create transparency, standardize methodologies, and help to educate the industry. We also digitize the route to market and provide a complete software suite. Our vision is to be the Operating System that empowers renewable energy players to have an edge in post-subsidy markets.

Pexapark is now looking to further expand the 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 and deployment 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 15'000 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 and deployment 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 Pexapark's clients in addressing a wide spectrum of investment topics, ranging from asset and complex hedging valuation to optimal portfolio allocation.

How will you help:

• Develop advanced modeling techniques related to the value of renewable energy in various U.S. wholesale markets
• Integration of valuation algorithms and new simulation models into Pexapark's existing quantitative modeling engine
• Contribute towards the integration of our software products by expanding modeling and data analytics capabilities across platforms, using state-of-the-art cloud technologies
• Liaison with Pexapark's quantitative engineering team to drive integration/connectivity between our core quantitative engine and Pexapark's software products

What you'll bring:

• 5+ years of working experience in data science and quantitative models including statistical analysis, stochastic modeling and value-at-risk analysis
• Familiarity with (sub-) hourly price forward models and optimization techniques on time-series energy/power data sets
• Experience with energy modeling in U.S. power markets, particularly ERCOT, PJM and CAISO
• Experience in numerical programming languages (e.g. Python, Matlab, Julia)
• Familiarity with SQL and data modeling
• A good sense of humor

How We Work

At Pexapark, we have our own way of doing things. The secret sauce that makes up Pexapark's 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"
• Systemic and data-driven – We evaluate our decisions for biases and overcome them through data and reflected processes
• Be humble – We admit when we're wrong and don't blame each other

We Offer

• The opportunity to join a state-of-the-art software and services company to support the proliferation of renewable energy across the globe
• A cool scale-up culture made up of an internationally diverse team of renewable energy experts and seasoned professionals
• A highly flexible environment with hybrid working possibilities
• Options for equity participation in our company
• Opportunity to travel to company and industry events
• The opportunity to substantially influence major decisions in the energy sector, supporting the transition to net zero
• Company bonus scheme

We're 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.