WHO WE ARE:

We are asset managers with an insurance twist - we manage $8 billion of catastrophe and climate related insurance-linked securities (ILS). At Nephila, we like to shake up the status quo. We were pioneers in offering alternative funding to the reinsurance industry and were also the first to introduce a strategy specifically for managing climate-related risks. We have offices in Bermuda, London and Nashville.

WHAT WE VALUE:

Entrepreneurial spirit
Thinking outside the box
Collaboration, curiosity and authenticity
Interesting and innovative work
Autonomy and ownership

ABOUT THE TEAM:

The Energy Transition is having a massive impact on the economy. The Nephila Climate Team is focused on developing new risk transfer products, where the demand for innovation is outpacing traditional channels of financing and risk transfer. We are seeking curious individuals with an entrepreneurial spirit who can challenge the status quo, think outside the box and embrace rapid change. As a team, we bring energy market expertise and the ability to transform ideas from the whiteboard into reality as we build a new market.

ABOUT THE ROLE:

The Energy Economist will be expected to take on a wide range of internal and external-facing tasks supporting the business. The Economist is expected to develop and communicate views on the evolution of energy markets as well as other large trends in decarbonization. The role requires thinking deeply about renewable generation and energy storage within liberalized energy markets as well as supporting the businesses expansion into natural and regulated carbon. The Economist will play a leading role in both educating and inspiring existing stakeholders and those outside the firm with the aim of bringing more opportunities and risk capital to this underserved area.

The role reports to the Head of Energy Products, a senior member of the team, who reports to the strategy’s CEO. Applicants for this role typically have experience at large energy companies, at consulting firms, or doing market research at a financial institution.

In this role, you will:

Develop and communicate views on trends and value drivers in key global power markets, initially focusing on the US and Europe. The view should reflect a combination of individual thought and analysis and synthesis of third parties’ work. The emphasis is on the result, not the path to get there.
Develop qualitative and quantitative views on how the growth of renewables and storage will change energy markets, creating opportunities and exposing vulnerabilities in the way businesses operate and energy grids are managed.
Make an impact on risks taken, trading positions, and valuation. Drive identification of new risks and opportunities related to wind, solar, and battery energy storage. Help innovate new solutions to the biggest barriers to the net zero transition.
Support the businesses’ short / medium / long-term market insights and price forecasts for various power markets (ERCOT, NYISO, CAISO, the UK, etc.) and different commodities (power, ancillary service, capacity, renewable energy certificates, natural gas, etc.), based on clear understanding of market fundamentals, regulatory development, the evolution of renewables, storage / demand response growth, price formation, etc.
Spark joy through thought-leadership. Represent the ethos of the business through communications that demonstrate an outstanding balance of market understanding, conviction in a thesis, respecting complexity while communicating simply, and having an openness to change and uncertainty.

ABOUT YOU:

You have excellent quantitative skills with the ability to distill key information into something understandable and actionable;
You are a clear, authentic communicator, both written and oral, capable of tailoring your communication to a wide range of audiences;
You are curious and can see multiple perspectives;
You prefer working in a fast-paced, dynamic environment.

WHAT YOU BRING TO THE TEAM (Qualifications):

You have fundamental knowledge of power markets, understanding of modeling power price formation, and experience with the economics of traditional and renewable energy sources;
You have a Bachelor’s degree in a relevant field;
- Advanced degree (Master’s or PhD) in an analytical / numerical subject, preferably Economics, Engineering, Science, Mathematics or similar quantitative areas is a plus.
You have 3+ years (more preferred) real-world or academic research experience in electricity market, power system, or commodity trading.

WHAT WE OFFER:

Total cash compensation between 140,000-175,000 GBP;
Comprehensive private medical cover for medical, dental and vision fully funded by the company;
Paid time off of 25 days per year, increasing with tenure, plus sick days and 8 paid holidays;
Pension scheme;
Annual wellness benefit up to £750;
Variety of paid leave policies;
Daily lunch when working from a Nephila office.

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Nephila Capital Ltd.

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Energy Economist | Climate