Margin Assurance Analyst

Number of employees

3800

London, UK, United Kingdom

Posted on: 2024-02-19

Category: energy

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Employment type:

Full time

Experience required:

Intermediate

Salary

Salary not provided

About the company:

We're on a mission to make a big green dent in the universe by building a truly sustainable energy system globally.

That means making power greener, smarter, and more affordable for everyone.

We put customers at the heart of everything we do: with always-fair prices, transparency and outrageous customer service.

We drive system change: with transformative tech to make renewable energy the norm and end global reliance on fossil fuels.

Octopus Energy Group is made up of 10 businesses spanning 6 countries across 3 continents, including: Octopus Energy Retail, Kraken Technologies, Octopus Energy Generation, Kraken Flex, Octopus Electric Vehicles, and the Octopus Centre for Net Zero. More on OEG @ octopusenergy.group

 Do you love analysing and getting value from data? Do you also have experience and an understanding of finance and industry settlements? If you’re a “strong yes” to both of those questions then you’ll love this role……

Octopus Energy is now one of the largest suppliers of gas and electricity to UK householders, with 6.5 million customers and a multi-billion pound turnover. Our Margin Assurance team delivers value to the business through product development, reporting & bespoke analysis relating to the margin gap created by inflated costs and missed revenue opportunities. 

As part of the gross profit margin section of the retail business, you’ll do this using incredibly granular data and superb tooling, playing an important role here in our supportive team of data analysts and data engineers. 
The more of the below skills you have, the higher the probability that you’ll be a good fit for this role. Our perfect person would meet a minimum standard in all of these areas… but we place an equally high value on an ability to pick up new skills and knowledge … and nobody (least of all us) is perfect!

Desirable skills

  • Code with SQL (Databricks/Spark)/Python/Git/dbt/Inksacio
  • Enjoy solving complex problems
  • Enjoy taking responsibility for an area
  • Can summarise findings and communicate in a clear and targeted manner
  • Have 3 to 5 years experience in related roles
  • Curious about new and complex areas
  • An appetite for product development
  • Enjoy constantly streamlining and introducing new processes
  • Have Energy Industry knowledge
  • Can present to senior management
  • What you'll need

  • Granular cohort analysis to identify cost reducing or revenue increasing opportunities and root causes within our and industry data
  • Setting up dashboards to automate the tracking and understanding movements in previous months' risks, opportunities and value delivery (as resolutions take place)
  • Key contributions across the whole development process including the product's design, delivery & management
  • Running and expanding the product's suite of reconciliations to assure accuracy of output
  • Improving our modelling of costs 
  • Monthly margin assurance packs for our two UK retail companies
  • Variance analysis and problem solving around the numbers in those packs
  • Problem solving around improving accuracy of gross margin calculations, with the rest of the team 
  • Leading meetings with colleagues and senior management
  • Support in related Gross Margin team projects
  • Why else you'll love it here

  • Wondering what the salary for this role is? Just ask us! On a call with one of our recruiters it's something we always cover as we genuinely want to match your experience with the correct salary. The reason why we don't advertise is because we honestly have a degree of flexibility and would never want salary to be a reason why someone doesn't apply to Octopus - what's more important to us is finding the right octofit!
  • Octopus Energy Group is a unique culture. An organisation where people learn, decide, and build quicker. Where people work with autonomy, alongside a wide range of amazing co-owners, on projects that break new ground. We want your hard work to be rewarded with perks you actually care about! We won best company to work for in 2022, on Glassdoor we were voted 50 best places to work in 2022 and our Group CEO, Greg has recorded a podcast about our culture and how we empower our people. We’ve also been placed in the top 10 companies for senior leadership and most recently The Sunday Times, Best Places To Work 2023
  • Visit our UK perks hub - Octopus Employee Benefits
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