Forecasting Analyst - Econometrics

Will be creating econometric models, and creating monthly and yearly forecasts. Serve as subject matter expert and team lead in the development, maintenance, documentation and efforts to continually improve the econometric models in use. Provide oversight and guidance to monthly close processes and provide econometric modelling support to cross functional teams evaluating or implementing strategic initiatives as needed. Mentor and train other members of the load forecasting team and serve as a key resource to other work groups seeking load forecasting or econometric modelling expertise.

This position may be required to work extended hours, including 24 x 7 coverage during storms or other energy delivery emergencies.

Lead efforts to develop, maintain and document load forecast models used to generate monthly consumption and peak load estimates. Identify opportunities to improve forecast models as warranted over time. Provide analyses of variances and respond to related questions. Develop and maintain weather normalization process. Provide oversight and participate in the monthly close process.

Lead or support development and maintenance of other econometric models and serve as econometric modelling expert in support of cross functional strategic initiatives. Support regulatory proceedings including development of weather adjusted billing determinants, 10-year PSC planning filing, as well as other day-to-day ad hoc requests pertaining to load forecasting or econometric modelling. Review PJM forecasts and provide input as needed.

Day-to-day planning, training and mentoring activities.

SKILLS:

EDUCATION/EXPERIENCE:
-BS or BA required- Degree in Applied Mathematics/Statistics/Economics Preferred.
-5-8 years experience.

SKILLS:
-SAS and Excel required.
-Stata, R software experience preferred.
-Required ability to explain results to non technical business partners.
-Strong analytical skills and ability to analyze and model complex problems using various tools.
-Demonstrated extensive econometric modelling experience and a solid understanding of the drivers related to customer usage and behavior.
-Background in utilities preferred.
-A good understanding of financial, regulatory and business practices.
-Leadership ability to provide functional direction, guidance, and support to peers. Requires the ability to work independently and in a team environment with minimal direction.
-Excellent written and oral communication skills.
-Ability to communicate results to an audience. Should be able to talk on a technical level with others who have an understanding of the industry.
-Demonstrated experience in conducting econometric and statistical analysis using tools including but not limited to EViews, SAS, MetrixND, Excel.
-Modeling experience required, must be able to explain the modelling.
-Ability to show how energy and weather relate.