Market Modeling Analyst

As a Market Modeling Analyst, you focus on developing and improving fundamental models of the European electricity market. These models play a key role in helping traders and analysts make better, data-driven decisions.

In your day-to-day work, you connect and prepare large datasets that feed into the models. You develop a deep understanding of how these models behave and what drives their outcomes, ensuring their reliability and relevance. You will regularly backtest models to evaluate their performance under different market conditions and calibrate them to further improve accuracy and trading value.

A key part of the role is translating model outputs into clear and actionable insights for traders and analysts. At the same time, you continuously look for ways to improve existing models and explore opportunities for in-house development. As the team is still in an early phase, your role will naturally evolve, and you will contribute to building both the models and the team’s way of working.

You enjoy solving complex problems and are motivated by building something new. You don’t wait for everything to be set up, you take initiative and move forward.

You likely bring:

• Around 2–3 years of experience in a quantitative, analytical or modeling role;
• A Master’s degree in a relevant field (e.g. Mathematics, Physics, Econometrics, Finance);
• Affinity with the energy or electricity market (preferred);
• Experience with modeling, research or quantitative analysis;
• Knowledge of mathematical optimization or operations research;
• Basic programming skills (e.g. Python) or the ability to pick this up quickly.

You also recognise yourself in:

• Strong analytical and critical thinking skills;
• Attention to detail and structured way of working;
• Willingness to learn and continuously improve;
• Ability to accept feedback and learn from mistakes;
• Clear communication to both technical and non-technical stakeholders.

• Developing and improving fundamental electricity market models;
• Ensuring high-quality data input and model performance;
• Supporting traders and analysts with actionable insights;
• Collaborating with tech teams to make models usable and scalable;
• Identifying improvements and new modeling opportunities;
• Staying up to date with market developments and modeling techniques.

You’ll be part of the Fundamental Market Modeling team, a new team within Eneco focused on building models that support trading strategies.

You’ll work closely with:

• Traders and analysts (daily interaction);
• Tech teams supporting data and tooling;
• Other stakeholders across trading and analytics.

The team currently operates in a start-up-like environment: flexible, evolving, and highly collaborative. You’ll typically work from the office three days per week to stay closely connected with your colleagues.