Fundamental Research Analyst

Work at the core of our US gas trading journey.

At InCommodities, we rethink how data, technology, and deep market insight come together in energy trading. We’re growing our North American Natural Gas desk and are looking for a Natural Gas Fundamental Analyst who’s ready to build models that matter and turn fundamentals into real trading decisions. This is a role with impact – close to the market, close to the traders, and close to the PnL.

• You build and maintain regional quantitative supply-demand models for North American natural gas
• You develop and continuously improve production, storage, and demand forecasts
• You create analysis and tools that support and fine-tune algorithmic trading strategies, in close collaboration with traders and software developers
• You run back-testing and validation of trading strategies to ensure models are robust before they hit the market
• You ensure high quality and reliability of the data feeding our trading and forecasting models

You’ll be part of our Natural Gas Trading team in North America, working closely with colleagues across Stamford and Aarhus. The team brings together traders, analysts, software developers, and a meteorologist – all focused on building advanced, data-driven trading strategies for financial gas products on CME and ICE. We work with fast feedback loops, direct access to decision-makers, and a strong sense of ownership.

• You have 3–5 years of experience within commodities fundamental analysis, ideally in natural gas
• You hold a bachelor’s degree in Finance, Economics, or another quantitative field
• You have a strong quantitative toolbox within statistics, econometrics, data science, or applied mathematics
• You’re a confident Python user and comfortable working with data and models in production

• You’re detail-oriented and quality-conscious – because small errors can have big consequences
• You thrive in a fast-paced, collaborative environment close to the trading desk
• You’re curious by nature and constantly look for better ways to model, forecast, and analyze
• You’re confident sharing insights, challenging assumptions, and contributing to team decisions
• You collaborate openly across teams and take ownership of your work

You’ll join with a steep learning curve supported by a thorough onboarding program that sets you up for success from day one. From there, you’ll enjoy a high level of autonomy, working alongside exceptional colleagues who are bold, honest, ambitious, and among the smartest in their fields. Our culture is unique—we live our values of Honesty, Transparency, and Rethink, and we do it without rigid hierarchies or dress codes.

Along the way, you’ll take part in great events, both within your team and across the organization, and you’ll have the chance to grow on both a professional and personal level.

• Flexible working hours and hybrid work schedule
• Medical, Dental, Vision, STD, LTD, Life insurance, all with employer contributions
• 401k with employer matching
• Parental leave including paid and unpaid options
• Generous PTO policy and paid holidays
• Monthly Door Dash allowance and snacks and drinks at the office

We’re InCommodities North America – and we’re building the full energy trading value chain across US power and gas.

We’ve been trading power in US markets since 2020. Now we’re scaling up – expanding into gas, growing our local teams, and opening new offices across the US.

What sets us apart is our Energy Tech edge. We combine deep market expertise with advanced technology, quantitative models, and a data-driven mindset to trade smarter, faster, and t’s how we move energy where it’s needed, 24/7/365 – and why we attract ambitious people who want to rethink the future of energy trading.

Our culture is simple: entrepreneurial, flat, and hands‑on. You’ll get autonomy and trust from day one – and the responsibility to make an impact. We value initiative over titles, thrive in change, and back each other in building one of the most ambitious energy trading companies in North America - with the strength of a global platform behind us.

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