Octopus Energy

Portfolio Manager

Octopus Energy

full-time

Posted on:

Location Type: Hybrid

Location: Valencia • 🇪🇸 Spain

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Job Level

Mid-LevelSenior

Tech Stack

PythonSQL

About the role

  • Execute and monitor hedging strategies in organized markets (OMIP, EEX, MIBGAS) and OTC markets.
  • Propose and adjust hedging strategies in line with the company’s risk policy and portfolio needs.
  • Analyze market fundamentals to support hedging and pricing decisions.
  • Calculate and monitor portfolio risk and performance metrics, including MtM, P&L, and VaR.
  • Develop medium- and long-term forecasts for consumption, customer growth, and churn.
  • Manage the procurement and tracking of Guarantees of Origin (GoOs).
  • Work cross-functionally with Finance, Procurement, and Commercial teams to align risk, pricing, and growth.

Requirements

  • 5+ years of experience in energy markets, portfolio management, risk analysis, trading, or structured products (energy, commodities, or financial markets)
  • Strong understanding of electricity and gas markets, including forward curves, derivatives, and hedging instruments
  • Proven experience in managing price and volume risk for a customer or generation portfolio
  • Hands-on experience with forecasting, time series analysis, and scenario modelling applied to hedging and risk decisions
  • Advanced skills in Python and/or R, with working knowledge of SQL for data extraction and automation
Benefits
  • 💰 Share options in Octopus Energy
  • ☕ Breakfast and fresh fruit in the office
  • 🏥 Flexible benefits (meal vouchers, transport, childcare, health insurance…)
  • 🚘 Support for purchasing electric vehicles
  • 🏦 Pension plan
  • 🎓 Product training & professional development
  • 🎉 Fun, dynamic and inclusive work environment
  • 🍽️ Events: Family Dinners and many more team experiences

Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard skills
hedging strategiesrisk analysisportfolio managementforecastingtime series analysisscenario modellingPythonRSQLperformance metrics
Soft skills
cross-functional collaborationanalytical skillscommunication skillsproblem-solvingstrategic thinking