Energy Analyst Job Description, Key Duties and Responsibilities
If you are searching for the job description of an energy analyst to improve your knowledge of the role, you will find this post useful.
You will discover the key duties, tasks, and responsibilities that make up the energy analyst work description.
This post will also help you to learn about the requirements you may be asked to meet if you are applying for the job of an energy analyst, including the skills, abilities, and experience to succeed on the job.
Please read on:
What Does an Energy Analyst Do?
The energy analyst is a specialist with a high-level understanding of energy markets and the responsibility of locating, gathering, and analyzing energy data in a proficient and timely manner, to provide information and analysis to their company and/or clients.
They find employment in different aspects of the energy sector, including oil and gas companies, energy production companies, and national energy management companies; diverse energy efficiency companies, engineering firms, and environmental companies, and management consulting firms.
The energy analyst job description entails carrying out data modeling and staying current on relevant issues and trends within the energy sector.
It also involves presenting forecasting reports, data, and information on trends in an easy to understand and useful format, as well as utilizing the information they have gathered and knowledge of the industry to proffer recommendations to the organization or its clients as needed.
Energy analysts are also responsible for utilizing various tools, including Excel, VBA, and MS Access; SQL, and SQL Server Integration Services (SSIS), to collect and organize various energy data sources, develop analysis into processes, and improve existing processes in an organization.
They are also responsible for undertaking various projects in the organization that may include energy efficiency consulting, demand-side project management, and energy auditing, as well as energy and related economic analysis.
When working in the energy production sector, analysts work with large data sets to develop and execute long-term Measurement and Verification (M&V) plans for evaluating energy performance and building operations, measuring energy savings, and tracking project performance.
The energy analyst work description also involves undertaking research to identify relevant market changes and respond to client and internal inquiries.
Energy Analyst Job Description Example/Sample/Template
The energy analyst performs various functions with primary focus on analyzing energy data and providing information that can help the organization with pricing decisions, assessing energy performance, measuring energy savings, etc. with the goal of improving its processes and performance in the market.
The energy analyst job description will vary considerably depending on the aspect of the energy sector where they work, but we have listed the major tasks, duties, and responsibilities of the energy analyst for the energy production and oil and gas aspects below:
- Coordinate with multiple stakeholders during all project stages to assist in the design and implementation of M&V plans for continuous monitoring of energy and water performance
- Responsible for the review of design documents, M&E specifications, and shop drawings of metering system to ensure all M&V requirements are met
- Responsible for validating the energy/water performance/water savings from energy conservation measures for new and existing facilities
- Utilize regression analysis and other appropriate methods to develop energy consumption baselines and adjustments
- Manage energy performance analysis, including data collection from various software tools; sub-metering data analysis for end-use accounting, energy, and water cost analysis, and utility bill accounting
- Perform energy benchmarking for a portfolio of buildings
- Support energy sales efforts with a focus on commercial and industrial energy consumers
- Generate insights on matters relating to energy markets
- Deliver broad and customer specific insights through written reports, presentations, and customer visits
- Carry out wholesale market analysis and reports concerning energy markets (basis, DA/RT, forwards, historic liquidations, futures, natural gas, and correlations)
- Translate wholesale market changes into strategic opportunities
- Generate reports and market insight for the organization or its clients
- Responsible for evaluating the value and impact of various on-site energy assets such as storage, distributed generation, and efficiency
- Collaborate with the sales unit to develop and maintain sales tools and aids to model customer costs
- Provide news and content on energy market developments, with technical analysis of market trends to assist the sales team and customers
- Develop prescriptive solutions for customers and customer prospects to support sales representatives.
Energy Analyst Job Description for Resume
You can apply the sample energy analyst job description above in making the professional experience section of your resume if you are seeking a new job.
You can pick the duties that are suitable to your professional experience from the sample job description and apply in your resume to convince the recruiter that you have been successful in carrying out the energy analyst functions.
Energy Analyst Requirements – Skills, Knowledge, and Responsibilities for Career Success
When hiring for the position of energy analyst, recruiters would typically state a list of requirements, including skills, abilities, knowledge that interested persons for the job must fulfill to show that they will be successful in performing the objectives, obligations, and purpose of the role.
Shown below are major energy analyst requirements you may be asked to meet if you are seeking the position:
- Education: To work as an energy analyst, applicants need at least a Bachelor’s degree in Finance, Economics, Petroleum Engineering, Accounting, Mathematics, Statistics, or Business, or in a related field of study
- Knowledge: They must have an understanding of the mechanics of the energy market (wholesale energy markets), be able to quantify the trends impacting the industry, and provide information that can aid commercial decisions. It is also vital that they have financial or economic knowledge/experience
- If they are desirous of working in energy production, it is vital that applicants have a basic understanding of IPMVP framework and M&V Guidelines, and familiarity with building science concepts such as thermal enclosure and building envelope. Also, familiarity with various types of meters, metering system software, building management system software, or energy dashboards is also to the advantage of the applicant
- Computer skills: Applicants must possess advanced computer skills, including strong Excel and PowerPoint skills, SQL experience, Modeling and Coding experience. It is also vital that they have a working knowledge of energy modeling software such as Ekotrope, REMrate, and Google Sketchup
- Attention to detail: It is essential that they can work with large data and numbers and also review materials for accuracy
- Problem-solving: Employers look out for intellectually curious individuals with the ability to identify problems and coming up with various ways to solving them; and also the ability to apply logical/objective reasoning to analyze options and proffer solutions
- Organizational skills: The energy analyst handles multiple tasks and works with various stakeholders, including sales teams, engineers, contractors, etc. so it is important that applicants for the job have the ability to handle multiple and competing demands, plan ahead, and prioritize responsibilities
- Research skills: One of the major responsibilities of an energy analyst is to understand the dynamics of the energy market and provide market insights. Therefore, it is important that applicants have skills necessary to pull data from multiple sources, as well as perform analysis to reach useful conclusions and deliver insightful recommendations to sales executives and clients
- Superior interpersonal skills: The job of the energy analyst also requires that they interact frequently with clients, utility representatives, contractors, and others to perform their duties successfully. Hence, it is important that applicants have solid interpersonal skills with diplomacy, a win-win mindset, and the ability to build and sustain relationships
- Communication: Applicants must also have great oral and written communication skills to manage various stakeholders and generate reports on the energy market as needed.
If you are a recruiter needing to hire for the energy analyst role, you will need to make and publish a detailed description of the position to help prospective candidates gain a good understanding of the duties and responsibilities of the job.
The sample job description given above will be useful to you in writing the perfect description for the energy analyst position in your company.
If you are interested in the energy analyst career and want to know the kind of duties that they perform, this article will also be useful to you.
Did your knowledge of what energy analysts do increase from reading this post? Please, make a comment in the box below. You may also share your job description if you work as an energy analyst.