Energy Market & Macro Insights – Research Analyst

Baringa

ABOUT BARINGA  Baringa is a global consulting firm that partners with leaders to drive change and create value. With deep industry expertise, and enabled by advanced technology, the firm helps clients to deliver with greater confidence and certainty. With over 2,000 people across the UK, Europe, North America, Asia and Australia, the firm combines global insight with local understanding. The firm works across energy and resources, financial services, government and public sector, consumer products and retail, pharmaceuticals and life sciences, manufacturing, and technology, media and telecoms, with capabilities spanning strategy, transformation and operational excellence – all powered by advanced technology, data, AI and digital innovation. Clients value Baringa’s collaborative approach and the way its teams integrate seamlessly – all working with a shared understanding of what matters most. The firm is known for its kind, curious experts who listen closely and care deeply about client success as they help clients transform energy markets, modernise financial platforms, expand telecoms and digital networks through advanced data analytics, enable digital services in government, and unlock growth in consumer sectors. Certified as a Great Place to Work around the world, Baringa has been recognised by the Financial Times in 22 categories of its UK Leading Management Consultants rankings, and by Forbes for four consecutive years as one of the World’s Best Management Consulting Firms. OUR POWER AND LOW CARBON SOLUTIONS PRACTICE IS LOOKING FOR A PERSON WITH 2 YEARS OF RELEVANT EXPERIENCE TO JOIN THE TEAM IN SOFIA.  Baringa’s market leading Power & Low Carbon Solutions (PLCS) practice works with clients across the energy value chain—utilities, independent power producers, developers, network companies, commodity traders, industrials, investors, policymakers and regulators. We combine deep market, technical, commercial and regulatory expertise to help clients develop projects, deploy capital, and optimize value across the energy transition, including renewables, storage, clean molecules and low carbon infrastructure.   WHAT YOU WILL BE DOING * Market & strategy support: Contribute to market assessments on South-East Europe wholesale power, emerging technologies (e.g., renewables, storage, PtX/clean molecules) and business models to inform corporate or investment strategies. * Quantitative analysis & modelling: Build and maintain datasets and simple models to assess market fundamentals, asset revenues and commercial performance (e.g., renewables and flexible resources such as batteries, pumped storage and demand response). * Transaction support: Assist in buy and sell-side commercial due diligence for renewables, storage and early stage low carbon assets, helping evaluate value drivers, risks and routes to market * Tenders & auctions: Support teams in structuring and pricing bids for competitive government tenders/auctions. * Client deliverables: Create clear, well structured slides, memos and dashboards that turn analysis into practical recommendations for clients.   YOUR SKILLS AND EXPERIENCE A well-rounded candidate should demonstrate a balance of strengths across these key areas: * Education: Bachelor’s or Master’s degree in Engineering, Business Analytics, Mathematics, or related field. * Experience: 2 years of experience in energy, consulting, finance, data analytics or a related area. * Analytical skills: Strong problem solving and quantitative capability; proficiency in Excel/PowerPoint; familiarity with Python/R/SQL/Power BI is a plus. * Energy market interest: Understanding (or strong motivation to learn) the fundamentals of South East European wholesale electricity markets, market design, regulation and commercial structures. Knowledge of Romanian, Hungarian or Greek energy markets will be considered a strong advantage  * Domain exposure: Interest or initial experience in valuation of renewables and storage, routes to market, and flexible resources (batteries, pumped storage, DSR). * Communication: Clear written and verbal communication, able to translate analysis into concise narratives and slides for clients. * Ways of working: Organized, proactive, adaptable and comfortable working in small, blended teams. * Language: Excellent verbal and written English language   WHAT A CAREER AT BARINGA WILL GIVE YOU  PUTTING PEOPLE FIRST. BARINGA IS A PEOPLE FIRST COMPANY AND WELLBEING IS AT THE FOREFRONT OF OUR CULTURE. WE RECOGNISE THE IMPORTANCE OF WORK-LIFE BALANCE AND FLEXIBLE WORKING AND PROVIDE OUR STAFF AMAZING BENEFITS. SOME OF THESE BENEFITS INCLUDE:  * Generous Annual Leave Policy: We recognise everyone needs a well-deserved break. We provide our employees with 5 weeks of annual leave, fully available at the start of each year. In addition to this, we have introduced our 5-Year Recharge benefit which allows all employees an additional 2 weeks of paid leave after 5 years continuous service.  * Flexible Working: We know that the ‘ideal’ work-life balance will vary from person to person and change at different stages of our working lives. To accommodate this, we have implemented a hybrid working policy and introduced more flexibility around taking unpaid leave.  * Corporate Responsibility Days: Our world is important to us, so all our employees get 3 every year to help social and environmental causes and increase our impact on the communities that mean the most to us.  * Wellbeing Fund: We want to encourage all employees to take charge and prioritise their own wellbeing. We’ve introduced our annual People Fund to support this by offering every individual a fund to support and manage their wellbeing through an activity of their choice.  * Profit Share Scheme: All employees participate in the Baringa Group Profit Share Scheme so everyone has a stake in the company’s success.  DIVERSITY AND INCLUSION We are proud to be an Equal Opportunity Employer. We believe that creating an environment where everyone feels a sense of belonging is central to our culture and that diversity is paramount to driving creativity, innovation, and value for our clients and for our people.  AN AWARD-WINNING WORKPLACE You can be a part of our ‘Great Place to Work’ – with our commitment to women and well-being in the workplace for all. Click here to see some of our recent awards and how we’ve achieved this.  USING BUSINESS AS A FORCE FOR GOOD.  We maintain high standards of environmental performance and transparency, which can be seen through our commitment to Net Zero with our SBTI-verified Scope 1, 2 and 3 emissions reduction targets and our support of the Better Business Act. We report our progress publicly and ensure that we are also externally assessed and scored through organisations like CDP and EcoVadis - helping us to continually identify where we can improve.  We have a long legacy of supporting the communities in which we work, and offer a variety of ways to contribute, by putting people first and creating impact that lasts. Our Corporate Social Responsibility (CSR) agenda is about giving back to the communities in which we live and work by sharing our skills, talent and time. In essence, we aim to empower and encourage everyone in the firm to contribute to the things we care about, and support registered charities and organisations with a clear social or environmental purpose to increase the positive impact they can have.   JOIN US All applications received will be reviewed by a member of our Talent Acquisition team. We never rely solely on automated screening or AI tools to make hiring decisions. Your application will be considered for employment without regard to race, ethnicity, religion, gender, gender identity or expression, sexual orientation, nationality, disability, age, faith or social background. We do not filter applications by university background and encourage those who have taken alternative educational and career paths to apply. We would like to actively encourage applications from those who identify with less represented and minority groups. We operate an inclusive recruitment process, ensuring reasonable adjustments where needed. Please contact a member of our Recruitment Team to discuss further.   BARINGA PRIVACY NOTICES For UK & EU Your personal data will be retained by Baringa for up to two years, in accordance with our UK Recruitment Privacy Notice / EU Recruitment Privacy Notice, to evaluate your application and meet our legal and reporting obligations. In line with the General Data Protection Regulation (GDPR), you have the right to request access to, rectification, or erasure (subject to legal limitations) of your personal data. For more information, please contact us at privacy@baringa.com For the USA Your personal data may be retained by Baringa for up to two years, as outlined in our Recruitment Privacy Notice (AMER & APAC), to support the recruitment process and internal reporting requirements. Where applicable, and in accordance with relevant federal and state laws, you may have the right to request access to or correction of your personal information. For further details, please contact privacy@baringa.com For Australia & Singapore Your personal data will be retained by Baringa for up to two years, in accordance with our Recruitment Privacy Notice (AMER & APAC), to assess your application and meet applicable reporting and legal obligations. In line with the Australian Privacy Act and Singapore’s Personal Data Protection Act (PDPA), you may have rights to access, correct, or request limited deletion of your personal data. For more information, please contact us at privacy@baringa.com

Baringa

ABOUT BARINGA  Baringa is a global consulting firm that partners with leaders to drive change and create value. With deep industry expertise, and enabled by advanced technology, the firm helps clients to deliver with greater confidence and certainty. With over 2,000 people across the UK, Europe, North America, Asia and Australia, the firm combines global insight with local understanding. The firm works across energy and resources, financial services, government and public sector, consumer products and retail, pharmaceuticals and life sciences, manufacturing, and technology, media and telecoms, with capabilities spanning strategy, transformation and operational excellence – all powered by advanced technology, data, AI and digital innovation. Clients value Baringa’s collaborative approach and the way its teams integrate seamlessly – all working with a shared understanding of what matters most. The firm is known for its kind, curious experts who listen closely and care deeply about client success as they help clients transform energy markets, modernise financial platforms, expand telecoms and digital networks through advanced data analytics, enable digital services in government, and unlock growth in consumer sectors. Certified as a Great Place to Work around the world, Baringa has been recognised by the Financial Times in 22 categories of its UK Leading Management Consultants rankings, and by Forbes for four consecutive years as one of the World’s Best Management Consulting Firms. OUR POWER AND LOW CARBON SOLUTIONS PRACTICE IS LOOKING FOR A PERSON WITH UP TO 1 YEAR OF RELEVANT EXPERIENCE TO JOIN THE TEAM IN SOFIA.  Baringa’s market leading Power & Low Carbon Solutions (PLCS) practice works with clients across the energy value chain—utilities, independent power producers, developers, network companies, commodity traders, industrials, investors, policymakers and regulators. We combine deep market, technical, commercial and regulatory expertise to help clients develop projects, deploy capital, and optimize value across the energy transition, including renewables, storage, clean molecules and low carbon infrastructure.   WHAT YOU WILL BE DOING * Market & strategy support: Contribute to market assessments on South-East Europe wholesale power, emerging technologies (e.g., renewables, storage, PtX/clean molecules) and business models to inform corporate or investment strategies. * Quantitative analysis & modelling: Build and maintain datasets and simple models to assess market fundamentals, asset revenues and commercial performance (e.g., renewables and flexible resources such as batteries, pumped storage and demand response). * Transaction support: Assist in buy and sell-side commercial due diligence for renewables, storage and early stage low carbon assets, helping evaluate value drivers, risks and routes to market * Tenders & auctions: Support teams in structuring and pricing bids for competitive government tenders/auctions. * Client deliverables: Create clear, well structured slides, memos and dashboards that turn analysis into practical recommendations for clients.   YOUR SKILLS AND EXPERIENCE A well-rounded candidate should demonstrate a balance of strengths across these key areas: * Education: Bachelor’s or Master’s degree in Engineering, Business Analytics, Mathematics, or related field. * Experience: Internships or up to 1 years experience in energy, consulting, finance, data analytics or a related area. * Analytical skills: Strong problem solving and quantitative capability; proficiency in Excel/PowerPoint; familiarity with Python/R/SQL/Power BI is a plus. * Energy market interest: Understanding (or strong motivation to learn) the fundamentals of South East European wholesale electricity markets, market design, regulation and commercial structures. Knowledge of Romanian, Hungarian or Greek energy markets will be considered a strong advantage  * Domain exposure: Interest or initial experience in valuation of renewables and storage, routes to market, and flexible resources (batteries, pumped storage, DSR). * Communication: Clear written and verbal communication, able to translate analysis into concise narratives and slides for clients. * Ways of working: Organized, proactive, adaptable and comfortable working in small, blended teams. * Language: Excellent verbal and written English language   WHAT A CAREER AT BARINGA WILL GIVE YOU  PUTTING PEOPLE FIRST. BARINGA IS A PEOPLE FIRST COMPANY AND WELLBEING IS AT THE FOREFRONT OF OUR CULTURE. WE RECOGNISE THE IMPORTANCE OF WORK-LIFE BALANCE AND FLEXIBLE WORKING AND PROVIDE OUR STAFF AMAZING BENEFITS. SOME OF THESE BENEFITS INCLUDE:  * Generous Annual Leave Policy: We recognise everyone needs a well-deserved break. We provide our employees with 5 weeks of annual leave, fully available at the start of each year. In addition to this, we have introduced our 5-Year Recharge benefit which allows all employees an additional 2 weeks of paid leave after 5 years continuous service.  * Flexible Working: We know that the ‘ideal’ work-life balance will vary from person to person and change at different stages of our working lives. To accommodate this, we have implemented a hybrid working policy and introduced more flexibility around taking unpaid leave.  * Corporate Responsibility Days: Our world is important to us, so all our employees get 3 every year to help social and environmental causes and increase our impact on the communities that mean the most to us.  * Wellbeing Fund: We want to encourage all employees to take charge and prioritise their own wellbeing. We’ve introduced our annual People Fund to support this by offering every individual a fund to support and manage their wellbeing through an activity of their choice.  * Profit Share Scheme: All employees participate in the Baringa Group Profit Share Scheme so everyone has a stake in the company’s success.  DIVERSITY AND INCLUSION We are proud to be an Equal Opportunity Employer. We believe that creating an environment where everyone feels a sense of belonging is central to our culture and that diversity is paramount to driving creativity, innovation, and value for our clients and for our people.  AN AWARD-WINNING WORKPLACE You can be a part of our ‘Great Place to Work’ – with our commitment to women and well-being in the workplace for all. Click here to see some of our recent awards and how we’ve achieved this.  USING BUSINESS AS A FORCE FOR GOOD.  We maintain high standards of environmental performance and transparency, which can be seen through our commitment to Net Zero with our SBTI-verified Scope 1, 2 and 3 emissions reduction targets and our support of the Better Business Act. We report our progress publicly and ensure that we are also externally assessed and scored through organisations like CDP and EcoVadis - helping us to continually identify where we can improve.  We have a long legacy of supporting the communities in which we work, and offer a variety of ways to contribute, by putting people first and creating impact that lasts. Our Corporate Social Responsibility (CSR) agenda is about giving back to the communities in which we live and work by sharing our skills, talent and time. In essence, we aim to empower and encourage everyone in the firm to contribute to the things we care about, and support registered charities and organisations with a clear social or environmental purpose to increase the positive impact they can have.   JOIN US All applications received will be reviewed by a member of our Talent Acquisition team. We never rely solely on automated screening or AI tools to make hiring decisions. Your application will be considered for employment without regard to race, ethnicity, religion, gender, gender identity or expression, sexual orientation, nationality, disability, age, faith or social background. We do not filter applications by university background and encourage those who have taken alternative educational and career paths to apply. We would like to actively encourage applications from those who identify with less represented and minority groups. We operate an inclusive recruitment process, ensuring reasonable adjustments where needed. Please contact a member of our Recruitment Team to discuss further.   BARINGA PRIVACY NOTICES For UK & EU Your personal data will be retained by Baringa for up to two years, in accordance with our UK Recruitment Privacy Notice / EU Recruitment Privacy Notice, to evaluate your application and meet our legal and reporting obligations. In line with the General Data Protection Regulation (GDPR), you have the right to request access to, rectification, or erasure (subject to legal limitations) of your personal data. For more information, please contact us at privacy@baringa.com For the USA Your personal data may be retained by Baringa for up to two years, as outlined in our Recruitment Privacy Notice (AMER & APAC), to support the recruitment process and internal reporting requirements. Where applicable, and in accordance with relevant federal and state laws, you may have the right to request access to or correction of your personal information. For further details, please contact privacy@baringa.com For Australia & Singapore Your personal data will be retained by Baringa for up to two years, in accordance with our Recruitment Privacy Notice (AMER & APAC), to assess your application and meet applicable reporting and legal obligations. In line with the Australian Privacy Act and Singapore’s Personal Data Protection Act (PDPA), you may have rights to access, correct, or request limited deletion of your personal data. For more information, please contact us at privacy@baringa.com

Systemiq

Company Description: Systemiq is the system change company, working to accelerate the transition to a net-zero, nature-positive and more inclusive economy. As a certified B Corp, we partner with business, finance, policymakers and civil society to transform five interconnected systems: energy, nature and food, materials and circularity, sustainable finance, and urban transformation. We bring together strategy, policy, market design and capital mobilisation to deliver tangible results in the real economy. Founded in 2016, Systemiq has grown to a global team of more than 300 people across Brazil, France, Germany, Indonesia, Kenya, the Netherlands, the UK and the US, united by a singular focus on sustainability.   Senior Associate – Sustainable Finance Location: Kenya, Nairobi preferred Contract: 12-month FTC, very likely to extend / convert to permanent Team / Platform: Sustainable Finance Reporting to: Sustainable Finance leadership ABOUT THE ROLE SYSTEMIQ is looking for a Senior Associate to join our growing Sustainable Finance practice in Kenya, focused on public and development finance. You will work with governments and public finance institutions to strengthen financing strategies and mobilise capital for climate, nature and development priorities. This is a strategy advisory role, working in small, collaborative teams on complex advisory engagements and multi-stakeholder initiatives spanning governments, IFIs/DFIs, bilateral donors and the private sector. As a Senior Associate, you will play a key role in shaping and leading workstreams, developing client-ready analysis and materials, managing stakeholder relationships, and contributing to the growth of SYSTEMIQ’s sustainable finance work in Kenya and the wider region. This role blends macro-level strategic thinking with strong research and analytical skills, excellent stakeholder engagement and communication, and the ability to deliver high-quality outputs in fast-moving, stakeholder-heavy contexts. Strategy consulting experience is welcome but not essential. WHAT YOU’LL DO * Lead and support workstreams delivering high-quality advisory support on public and development finance for climate and nature outcomes. * Develop structured analysis and synthesise complex information into client-ready outputs, including strategy decks, technical notes, briefing packs and recommendations. * Drive work on sovereign financing strategies, including consideration of macroeconomic context, sovereign risk, debt sustainability and credit dynamics. * Help design, shape and assess financing approaches and instruments, including concessional and blended finance, sustainability-linked bonds/loans, debt-for-climate/nature swaps, and risk-sharing structures. * Manage and support stakeholder engagement across ministries, debt management offices, central banks, IFIs/DFIs, donors and private sector partners, including workshops and convenings. * Provide strategic insight and practical recommendations to support successful financing strategies and implementation pathways. * Contribute to proposal development, thought leadership and knowledge building within the Sustainable Finance team. * Support and mentor more junior team members, contributing to a collaborative, inclusive and high-performing team culture. MINDSET, SKILLS & EXPERIENCE We are seeking candidates who can demonstrate a strong commitment to SYSTEMIQ’s mission and a passion for systems change. ESSENTIAL * Master’s degree or equivalent experience in economics, finance, international development, public policy or a related field. * Typically 4+ years of relevant experience, for example in: * strategy consulting, ideally with exposure to sustainable finance; * international financial institutions such as the IMF, World Bank or AfDB; * central banks, debt management offices, finance ministries or public finance institutions; * credit rating agencies; * sovereign research or strategy teams; * development finance or advisory roles with strong sovereign finance exposure. * Strong familiarity with the sovereign financing landscape, including concessional finance, blended finance and/or climate and nature finance instruments such as sustainability-linked bonds/loans and debt-for-climate/nature swaps. * Strong understanding of macroeconomic context, sovereign risk, debt sustainability and credit dynamics. * Excellent problem-solving, analytical and research skills, with the ability to synthesise complex material into clear, structured and actionable outputs. * Strong communication and influencing skills, including excellent written and verbal English. * Demonstrated stakeholder engagement skills, ideally in government-facing or multi-stakeholder environments. * Strong project discipline and ability to deliver high-quality work under tight deadlines. * Entrepreneurial, proactive and adaptable mindset, with the ability to navigate ambiguity and drive work forward. * Collaborative team player with strong mission alignment and willingness to support others. DESIRABLE * Formal study in economics, with a focus on macroeconomics, development economics, climate economics and/or nature economics. * Exposure to public-sector policy or planning, for example within finance ministries, environment ministries, or IFIs/DFIs. * Familiarity with Sub-Saharan African sovereign contexts and financing priorities. * Experience supporting stakeholder consultations, convenings or government-facing processes. * Additional languages, such as Swahili or French. CANDIDATE PROFILE You are mission-driven and excited by the opportunity to help governments and financial institutions mobilise financing for climate and nature outcomes. You combine intellectual rigour with pragmatism and strong relationship skills. You are comfortable leading workstreams, structuring complex problems, engaging senior stakeholders and supporting junior colleagues. You thrive in small teams, enjoy working across disciplines and stakeholder groups, and want your work to influence real-world decisions. You will also align naturally with our values: Creativity, Challenge, Collaborate, Change and Care. DIVERSITY & INCLUSION At SYSTEMIQ, we believe that diversity and inclusion are crucial to system change and our mission. We are committed to embedding diverse and inclusive practices in all aspects of our work, including recruitment, performance management, people processes and policies. We aim to provide a supportive environment where everyone can be themselves and perform at their best, regardless of background, personality, gender, sexual orientation, race, mental health, religion or other characteristics. ADDITIONAL INFORMATION Only applications from candidates legally eligible to work in Kenya will be considered. Visa sponsorship and relocation costs will not be provided. The remuneration and benefits package will reflect the successful candidate’s experience and expertise.   Diversity & Inclusion At Systemiq, we absolutely believe diverse perspectives are essential to driving system change. We are committed to creating an inclusive workplace where people feel respected, supported and able to do their best work. Click here to view our Data Policy.