baringa analyst opportunities · 2019. 11. 21. · welcome! the purpose of this ... united states...

Copyright © Baringa Partners LLP 2019. All rights reserved. This document is subject to contract and contains confidential and proprietary information.Baringa Confidential

Baringa Analyst OpportunitiesEnergy & Resources

Overview Pack

2020

Copyright © Baringa Partners LLP 2019. All rights reserved. This document is subject to contract and contains confidential and proprietary information. 2Baringa Confidential

Welcome!The purpose of this pack is to provide you with an overview of Baringa and to answer

some of the questions you may have regarding our analyst programme


you become a part of. My message to all of our people is if there is something you don’t understand, please ask. If there is something you don’t like, please offer to change it. If there is something you love, then get involved in helping us keep it that way. We are a firm that is excited about evolving as we grow. Other than our values (which always stay true), we do nothing today like we did 10 years ago, and we will do nothing 10 years from now like we do today – if we are, then we’ve failed in our collective responsibility to evolve. We encourage our people to take the time to understand our culture, then become an active part of it, then help to evolve it. This approach has been paramount to our success in creating a great place to work for all these years and I hope, for years to come.

Joining Baringa will be as exciting for you as it will be for us. We are an ever growing and evolving firm that continues to impact our industries through the work we do, impact our society through the charitable service we provide to it, and impact our colleagues through the support we show each other.

A note from our Managing Partner

Adrian BettridgeManaging Partner

Welcome to Baringa! If you are reading this pack, you are considering applying for an Analyst role, and we’re delighted that you want to explore a career with us. I’m often asked what it is like to have watched the firm grow over the last 10 years, and

my response is always the same – the next 10 years are even more exciting than the last. I genuinely believe that you’ll be joining us at as good a time as ever. You’ll be astounded by the wealth of passion, knowledge and experience that exists at Baringa, and the genuine warmth that is shared by everyone – I’ve been here for a long time, and it still really is an exciting place to be.

We place great emphasis on our values, because values are at the heart of this firm and they engender a culture that means a lot to all of us. But our culture is only as strong as the people who live it. Culture isn’t something you sit and observe from the sidelines, it is something that


Introducing Baringa Partners


We help businesses run more effectively, navigate industry shifts and reach new markets. We use our industry insights, ideas and pragmatism to help each client improve their business. Collaboration is central to our strategy and culture ensuring we attract the brightest and the best. And it’s why clients love working with us.

Baringa has gained the reputation it has through our deep industry knowledge, excellent people and genuine partnering approach. The company continues to evolve to meet the demands of clients and to encourage the best consultants to join us. We appreciate that our reputation is hard won but easy to lose, so every project and every person at Baringa is business critical, and we only take on work where we are confident we can deliver exemplary results.

“All of the Baringa Partners’ consultants I have worked with have

been the complete package. Excellent communication skills,

strong subject matter expertise and solid technical understanding”

“Bringing in Baringa to work with our trading group has been the best

business decision we’ve taken in the last six months”

“You have an entrepreneurial feel, and I like the personalised account

management”

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What our clients say…We are a reputation–driven business, over 80% of the work we do

comes from repeat business

An award winning management consultancy


Baringa – our journeyOur size is an outcome of our success – not a target

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2019694 employees & circa 400 clients£130m turnover18 practices5 permanent geographies

2025?20 practices1000 employeesAt least a 10% headcount growth per annumBuild out our horizontal sector presence within our geographies1:9 partner to staff ratioRemain non-hierarchical in our approach

2013-2016£92.5m turnover3X practices launchedTop 10 spot in the Great Place to Work Institute®

2016-2018Top 50 employers for women550 employees£120m turnover

2010-2013250 employees£59 million turnoverMoved to our Waterloo office


Business Units and Capabilities

Copyright © Baringa Partners LLP 2019. All rights reserved. This document is subject to contract and contains confidential and proprietary information. 8

Energy & ResourcesFinancial Services

People & Process Excellence

Products & Services

Technology Transformation

Customer & Digital

Telco, Media &

Technology

Finance, Risk & Compliance Energy Markets & Analytics

Consumer Products &

Retail

Supply Chain & Procurement

Pharma & Life Sciences

Resources Generation & Trading

Retail & Networks

Banking Insurance Capital Markets

Public Sector

United Kingdom ASGUnited Arab

EmiratesUnited States Australia

Data, Analytics and Artificial Intelligence

Central Government

The Baringa operating model


Energy and ResourcesWe are a market leader in providing innovative services and solutions to energy and utilities clients. Through our unique combination of deep industry knowledge and practical experience, we have helped a broad range of clients across the sector to tackle their toughest challenges. In 2019 we were voted the best Management Consulting firm in the Energy Sector for the second year running.

Generation and Trading

Our Retail and Networks business unit supports our clients across energy retail, networks and water. All of these industries are undergoing a period of unprecedented change, much of which we have been at the forefront of for two decades. For instance, acting as a key advisor to the UK government, small and large energy suppliers and various industry bodies, we have been an integral part of the UK Smart Metering Rollout since its inception, whilst more recently working with Ofgem to implement the historic energy price cap. In the water industry, we are helping Ofwat and water suppliers through the PR19 process whilst we have considerable experience of the strategies, systems and processes used across electricity and gas transmission and distribution businesses and support a number of large distribution businesses as well as the National Grid.

Retail and Networks

Our Resources business unit builds on the original Baringa foundations of energy and commodities trading which was established in 2000. Our capabilities and experiences extend across all major commodities such as oil, gas, coal, base and precious metals, steel, softs, and raw materials. Our work with these clients has evolved from the trading space to include strategic studies through to their most complex and risky delivery programmes. We work with a broad range of clients including oil majors, commodity trading houses and brokers through to clients whose prime business is exploration and production. Our current offerings are in the space of trading risk and controls, operational efficiency, gross margin enhancement, supply chain operations as well as business restructuring.

Resources

Our Energy Markets and Analytics practice offers our clients an unparalleled combination of energy market advisory and commercial insight through our deep energy policy understanding and market analytics. Led by a senior management team respected as thought leaders within the industry, we help our clients shape, define and implement change in European energy markets. We are proud to advise some of Europe’s foremost policymakers, regulators, investors, developers, lenders and energy companies operating across the energy supply chain. Our projects have included company valuations for mergers and acquisitions, optimising portfolios from fuel contracting to generation dispatch and developing hedging strategies for vertically integrated energy companies.

Energy Markets and Analytics

Our Generation and Trading business unit focusses on advising, shaping and delivering key strategy, operational, commercial and asset optimisation decisions across the power generation, midstream and energy trading sectors. We do this through our deep knowledge of the industry, our clients’ businesses and the impact of market, technology and regulatory changes. We bring together Baringa’s existing market-leading trading capability with our extensive advisory and strategy experience across the power generation, interconnection, new technologies and the midstream parts of the energy value chain. Our clients vary from major utilities, power generators and energy traders, to independent renewable energy and interconnector developers, as well as new investors in the industry.

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2015 - 2016

Top 10 spot in the Great Place to Work Institute®

Top 10 Great Place to Work Awards in Nordrhein-Westfalia

Winner of the Energy Risk Awards as the Regulatory Advisor of the year

2017 – 2018

No.1 Great Place to Work (UK)

Best company to work for - Great Place to Work Institute (Germany)

Top 50 Employer for Women -The Times

Leading management consultancy in Energy, Utilities and Environment - Financial Times

2019

Top 50 Employer for Women –The Times

No. 1 in the small Enterprises category - Great Place to Work (Nordrhein-Westfalia)

No. 4 Great Place to Work (Germany)

Leading Management Consultancy in Energy, Utilities and Environment - The Financial Times

No. 2 Great Place to Work (UK)

Recognised as a 10 Great Place to Work for the 13th consecutive year!

Recognition for our workWe have worked hard to be continuously recognised for our fantastic working environment and industry leading expertise…


Baringa Analyst Opportunities


During the internship itself, we will also be organising the following:

Weekly one-to-one catch ups with your Project Manager

Invites to Business Unit/Baringa social events

Ad hoc dinners/drinks with your client team

Coffees with your ‘Baringa Buddy’

Opportunities to attend interest groups and other opportunities for learning

~24th Jan 2020

First interviews

25th Nov 2019

Application window closes

~27th Jan 2020

Online testing

~9th Mar 2020

Applications for our 2020

Analyst round open

~17th Feb 2020

Assessment centre (s)

13th Jan 2020

Outcome of the

application

Key Dates*

27th Mar 2020

Final decision

Candidates will also have the opportunity to meet one of our analysts for a peer-to-peer meeting. This is an informal meeting which normally takes place at a cafe outside the office in a relaxed atmosphere, and gives you the opportunity to ask questions about Baringa to someone who has recently started in a similar position

*This timeline is a rough guideline and may be subject to change


Our commitments to youYou will have the opportunity to fulfil your career ambitions and grow as the company grows

“Our people are our only asset, if we don’t have them, we don’t really have a business. So it’s really simple for us, it’s making sure

that we recruit the right people”

Roxanne D’SouzaDirector, Telecoms & Media

Here at Baringa, we know you are a person as well as a colleague, our attitude and culture reflects this. We understand work-life balance priorities shift over time and we aim to support you through those transitions and throughout your career.

Through engagement with different types of clients you will gain a deeper understanding and experience

We will invest in leadership development and innovation

You will grow your skills and deepen your industry knowledge

You will have the flexibility to take your career through all life’s stages

We have a strongly meritocratic career path including four promotion rounds a year, as well as training, mentoring and leadership development opportunities

“From the moment I started interviewing with Baringa it was

always made clear that I could opt for a flexible working arrangement that would best suit my circumstances.”

Grazzia HornPartner, Capital Markets

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Developing our talentBaringa Partners takes every opportunity to develop its people, helping them to fulfil their personal ambitions and

objectives, and ensuring our clients continue to receive the highest quality advice from the best people.

We invest heavily in providing a wide range of development opportunities for our people and also in ensuring that individuals have a reliable support network around them to help develop their own career plans. Allowing flexibility to address everyone’s own needs.

Development opportunities

Support network

Training

We run a host of specifically developed training courses internally

which we constantly improve and update. We also encourage staff to take up external courses to obtain

professional qualifications to enhance and maintain their industry-leading knowledge.

Company meetings

Regular Company Meetings give our staff the opportunity to get

together to understand the latest views from our Management

team and to provide their input into discussions about our

company’s future

Conferences and subscriptions

We actively encourage our people to attend conferences and seminars as a

means of expanding their industry knowledge and awareness. We also

offer access to subscriptions to relevant industry journals.

Internal initiatives

Internal initiatives are led and run by employees on a voluntary basis.

The engagement with these initiatives across the organisation exerts a strong sense of ownership over

our company and allows employees to develop a wider range

of skills.

Career advisors

Career Advisors play a key role in shaping employees ‘careers. They are responsible for the formal mentoring

and documentation of career progress against agreed objectives and play

a role in helping employees achieve their goals

White papers and publications

All levels of staff are encouraged to raise their profile in the industry

through the preparation of articles for publication, whether in blog or white

paper form. This allows them to establish more of a ‘presence’ in

the market than through focusing solely on client work.

Interesting roles

We ensure where possible that employees are assigned to projects that best meet their development needs, allowing them to develop

new skills and deep industry expertise.

Coaching

We take pride in the on-the-job training we provide to our employees and, which is critical to their ability to

develop in their role. This year we have started to pilot more formal

training within our leadership teams to invest in this

critical area.

Brown bags and debates

One of the most effective ways in which we nurture knowledge is through

series of knowledge sharing sessions. This year we have also

started a popular series of internal debates, allowing to staff to

explore hot topics in the industry in detail.

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BenefitsBaringa Partners offers a range of benefits to all employees

Core Benefits

Baringa provides core benefits of private medical & travel insurance, life insurance and income protection Insurance. Further optional benefits include dental insurance, childcare vouchers, cycle to work scheme and interest-free season ticket loan

Company Meetings

Every quarter all Baringa employees GET TOGETHER for an update on what is happening in the Company, on client projects and on events within our industries. Also a social event, these are held in central London or an off-site location and partners and families are often invited to join us

Performance Based Progress

Our staff are evaluated on an ongoing basis and promoted based on PERFORMANCE rather than career timeline

Holiday

All employees receive 25 DAYS* per year with an option to purchase up to a further 10 days. In addition, up to 5 days can be carried forward to the next holiday year.

*Pro-rated for part-time employees

Family Friendly

We offer enhanced maternity benefit (100% of base salary for the first 26 weeks maternity leave) and enhanced paternity benefit (100% of salary for 2 weeks paternity leave). Employees may also take Shared Parental Leave allowing parents to take leave flexibly in the first year of their child’s life.In addition, Employees have access to Baringa Work+Family Space which offers a range of services for our working parents and carers.

Working Away From Home

We pay staff a CONSIDERABLE PREMIUM on their base salary if they work away from home for a sustained period of time. In addition, staff working away from home or at a ‘long commute’ client site will accrue additional holiday

PEOPLE FUND

Baringa employees will have up to

£300 to use towards managing an

aspect of their wellbeing. This can be used towards social, physical or occupational activities, amongst others

Pension

Baringa values the importance of effective retirement planning and consequently offers a choice of pension schemes. We make a non-contributory employer contribution of 6% OF BASE SALARY, while employees contribute a minimum of 3% additional contributions can be made via salary sacrifice

Location Flexibility

We generally allow staff the FLEXIBILITY to live wherever they wish in the UK and in most cases will not insist on a move to our office location

3-4-5 Policy

All out of town client work is based on the 3-4-5 policy where 5 days of client billable work are done across 4 days on the client site plus one day from home or London office so that ONLY 3 NIGHTS ARE SPENT AWAY FROM HOME

Profit Share Scheme

Baringa runs a TRANSPARENT profit share scheme based on individual and company performance

Training and Development

Determined to ensure our employees are at the top of their game and constantly learning, Baringa allocates every member of staff an annual budget to be spent on internal and external courses. Besides ensuring clients receive the most up to date and capable people in the industry, it is our way of supporting our staff in fulfilling their PERSONAL CAREER AMBITIONS.


Advisor Buddy

• Coach and mentor throughout your career• Offers support and challenge, focusing on short

and long term career development• Provides regular feedback• Sets project objectives• Provides pastoral care

• Peer connection• Helps think through day-to-day questions • Provides informal advice and support• Helps provide a social network

Each Baringa analyst is assigned an Advisor (who will support you through your career at Baringa) and a Buddy.

While your Advisor plays a formal role which includes objectives setting and performance feedback, the Buddy

will play a more informal role through which analysts can meet others and be able to ask for general advice or

what may be perceived as “silly questions”

Your Advisor will aim to meet with you every few weeks to discuss your progress and performance, and gather

feedback from your Project Manager, but ongoing / ‘real time’ feedback is also the norm.

It’s up to you and your Buddy as to how often you meet, but we suggest going for a regular coffee or lunch to

catch up; Don’t be shy to ask your buddy questions – that’s why they’re there!

Your Support Network


Upon joining I had a week of training with the other on boarding analysts, this included General Consulting Excellence and Excel training. Following this I started work on short (2-3 week), deliverable focused projects which were typically strategy or analytical work. This included; Producing energy market reports on Singapore and the Philippines for opportunity analysis and market entry strategy for the extension of a clients trading business capabilities into new markets and market research on independent suppliers and innovative business offerings of retailers (smart meters, peer-to-peer, microgrids) to advise a client on their mid term business strategy.

The great thing about these types of projects is that they are very diverse, and you are trusted to make a key contribution to deliverables. I’ve learnt so much about so many different areas of the energy industry, and had the opportunity to work in teams with a lot of different people at Baringa. The projects have been interesting and challenging – exactly what I was after when coming into industry.

Outside of project work, I have been involved with the emerging market and new markets internal initiatives in Baringa. There are also Friday drinks, as well as frequent socials for analysts and each business unit – so lots of opportunity to meet people throughout Baringa.

Name: Hanna Kozak-King

Level: Analyst

Client: Various

Role: Business Analyst

Name: Alex Perry

Level: Analyst

Client: Multiple

Role: Market Analyst

Analyst Experiences

Having no previous experience in the sector, I found the training when I joined invaluable- and rather than being nervous about working with my first client I found myself excited. I also got to spend time with a group of other analysts across the business, allowing me insight into different sectors and to make friends.

After training I started working on a high profile and industry steering project for the ENA - the impact assessment for future energy market frameworks within the UK. The project had a wide array of energy network stakeholders with differing points of views, a challenging start to somebody with no management consultancy background - however between the other Baringa staff on the project and my training, I never felt too out of my depth. Throughout the project I’ve been impressed by the knowledge, approach and quality of deliverables from the Baringa, inspiring me to contribute value throughout the work I was doing.


My first impression of both the company, and EMA in particular, was very positive. I like how open the culture is: there are so many initiatives and groups of interest. The analyst programme is very well prepared: it helped me understand the context of Baringa and the Energy & Resources area, and gave me the tools to know where to look / who to ask in the future.Everybody in the team has been very friendly, helpful and supportive.

In my very first projects, I was very thankful to the Project Manager for explaining to me the context and to make sure that I had colleagues to work with in the projects who could help me get started.

I think it is very good to have the figure of an Advisor that tries to understand your goals/motivations/skills so that you can be directed to projects that are aligned to that.

To me, the most important part of my job, is the people I work with! I really appreciated that everybody took the time to come by and say hi to me in my first days – it really made a difference!

Name: Andrea Rodriguez

Level: Consultant

Client: A Multiples


Name: Ian McDonnell

Level: Consultant

Client: A Multiples


I have greatly enjoyed my time at Baringa so far. After coming from an academic research background I wanted to be exposed to a wide variety of projects, which I certainly have been in EMA. With projects varying in length from a couple days to several months, I have had the opportunity to gain experience in a large number of different roles. These roles have included carrying out market analysis and asset valuation for a large volume of renewable portfolios, commercial framework design for distributed generation services, and modelling the GB balancing mechanism.

The week of analyst training provided shortly after I joined was very helpful in my transition from academia to consulting. In addition, having very knowledgeable colleagues has been invaluable when working on a new topic.

Analyst Experiences


Name: Sarah Wong

Level: Analyst

Client: Chinese investor

Role: Business Analyst

8.40 am – My projects are mostly based in Baringa London office, where I arrive

slightly before 9am to check emails and prioritise work to be done for the day. For this

particular client, there are weekly conference call with China, which could start at 8am

because of the time difference.

9am – Convey any important points from the conference meeting to project manager.

Have a quick catch up to discuss any upcoming deadlines and issues to be resolved

9.15am – Pick up the analysis from yesterday on revenue projection for a European

renewable portfolio and due diligence of sell-side financial models

1pm – Grab lunch with colleagues in the park if it’s sunny or in the basement if not.

There are lots of nice places for food around Baringa’s office

2pm – Continue building the revenue projection model, research on market and feed-

in-tariffs arrangement for each portfolio countries. Answer phone calls or emails from

client clarifying previous deliverables or general questions on the market. Direct

questions to project manager if I can’t answer them!

6.30pm – Go home

A Day in the Life of a Baringa Analyst


Some examples of projects in Energy and Resources

Copyright © Baringa Partners LLP 2019. All rights reserved. This document is subject to contract and contains confidential and proprietary information.

Credential: European IPP

Client requirement Our role

German and French auction simulationProject completion date: February 2017

The client is seeking a deeper understanding of the German and French renewables markets, to inform a decision on whether to increase its presence in these markets ahead of upcoming auctions.

Key questions include:

– Will the introduction of auctions in Germany reduce to role of cooperatives, and how do the detailed auction rules work to promote wind generation further south in Germany?

– Will onshore wind auctions be introduced in France, and if so when?

– What are the most competitive projects and portfolios in the current pipeline for Germany and France?

Develop a detailed report with auction rules.

Development of a bottom-up database of potential renewable projects.

Inclusion of cost and financing assumptions to generate project LCOEs.

Develop an auction simulation tool based on country-specific auction rules.

Simulation of 2017 auction rounds.

Benefits delivered

Detailed market and policy background.

Description of auction rules and analysis of likely role of IPPs.

Project-level database for Germany and France.

Merit order and understanding of relative competitiveness.

Clearing price projections for upcoming German and French auctions.

Identification of attractive portfolios, and development of acquisition strategy.

Copyright © Baringa Partners LLP 2019. All rights reserved. This document is subject to contract and contains confidential and proprietary information.

Credential: UK Government Dept.

Client requirement

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Developed hydrogen supply chain model

Project completion date: March 2017 – July 2017

BEIS wanted to develop a more detailed understanding of the costs and technical considerations associated with widespread use of hydrogen to help decarbonise building heat. This is to help inform an updated heat strategy, including potential long term repurposing of the gas distribution network to hydrogen.

BEIS required a detailed cost-optimization model of the hydrogen (and associated carbon capture and storage) value chain that they are able to use in-house.

Benefits delivered

Drawing on Baringa’s expertise in whole energy system modelling and optimization techniques we developed a sophisticated (MIP) cost optimization model of the hydrogen and CCS value chains to help understand what, where and when different supply, storage and pipeline/tanker transmission technologies should be deployed in GB on the pathway from now to 2050.

One of the key challenges this helped to address is a better understanding of the spatial implications of different possible production, demand and geological storages sites (for both hydrogen and CO2) in different locations across GB.

The overall project was delivered in a structured and systematic way covering all of the steps from requirement definition through to in-house use of the model.

Our role

Baringa undertook a structured scoping exercise in discussion with BEIS analysts to define scope, core methodology and user interface requirements.

Managed separate ‘conceptual’ and technical peer review processes.

Managed interaction with parallel hydrogen data gathering exercise.

Delivered sophisticated and robust model along with supporting documentation and hands-on training to facilitate in-house use by BEIS analysts.

Spatial disaggregation of heat demand

Hydrogen and CCS value chains


The Baringa Way


Baringa differentiators

Our Approach & Engagement

Style

Our Culture

Our People

Delivery Excellence

Our Relationships

Our Industry

Knowledge

We continue to build our culture with a strong focus on the individual,

collaboration and empowerment –principles that have enabled us to

create the award-winning, people centric organisation that we are today.

Collaboration runs through all we do.

Our approach emphasises listening to our clients, being responsive and pragmatic while challenging the status quo to

deliver successful and sustainable change. We don’t believe in a ‘one size fits all’ approach; we’re flexible in tailoring solutions to

truly meet our clients’ needs.

We look after our people and invest significantly in training and development to ensure they are

constantly developing, therefore providing ourclients with the best individuals to work with. We

understand that personal and professional needs changeand recognise as a result everyone will progress at different

rates and need different support from the company.

We build genuine long-term relationships with our clients based on trust, quality and the passion of our people. Our clients recognise our work ethic and continue to rely on us as trusted advisors to help them realise their strategic ambitions.

We pride ourselves on quality and delivery excellence in everything we do. We champion and co-ordinate active quality management so our clients receive the best possible service and delivery. We keep our promises and do what it takes to deliver high-value on time and on budget.

Our experience gives us a valuable combination of insights to quickly identify solutions with our clients. We seek to provide the most experienced, knowledgeable and committed individuals, with strong relevant industry insight to add real value to clients.

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Our core values

We recruit the best people, from a wide range of backgrounds, and invest in them

so they remain the best.

The strength of trust, friendship and teamwork between all our people is a

defining feature at Baringa.

At Baringa there are no restrictions on ideas and no hierarchical boundaries. We are all responsible for our company, our careers and our reputation.

Our success is built on doing the right thing by our clients, by our people and by ourselves. We communicate openly and honestly internally and to our clients.

We believe in what we do, and our people show a real desire to make a difference.

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Away from the desk!Because we are frequently dispersed at client sites throughout the UK and sometimes globally, we place a priority on getting together regularly to share information, experience and the occasional war story! Outside our regular company meetings, there is always an opportunity for us, our partners and families to get together, get to know each other better and have some fun!

Baringa Confidential

baringa analyst opportunities · 2019. 11. 21. · welcome! the purpose of this ... united states...

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