At Octopus Energy, we’re passionate about making energy 100% renewable, accessible, and fair for everyone. We believe technology and innovation are key drivers of change and are committed to transforming the way the world consumes energy.
What We’re Looking For? 🔎
We’re looking for a Portfolio Manager to join our team. In this role, you’ll be responsible for managing Octopus Energy’s electricity and gas portfolio, executing hedging strategies in financial markets and ensuring strict compliance with our risk policy.
What You’ll Do
* 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.
What You’ll Need to Shine in This Role
* 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, forward curves, derivatives and hedging instruments.
* Proven experience 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.
Nice to Have:
* Postgraduate degree in Quantitative Finance or Energy.
* Knowledge of Iberian market regulation (OMIE, OMIP, CNMC, MIBGAS).
* Familiarity with Guarantees of Origin and sustainability reporting.
* Experience building BI dashboards, automated reporting or decision‑support tools.
What We Offer
* Location: Valencia – Madrid – Barcelona.
* Schedule: Full‑time, 40 hours per week.
* 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.
We believe in a fairer, cleaner, and more sustainable energy model and want you to reach your full potential. We can’t wait to meet you!
We may use artificial intelligence (AI) tools to support parts of the hiring process, such as reviewing applications, analyzing resumes, or assessing responses. These tools assist our recruitment team but do not replace human judgment. Final hiring decisions are ultimately made by humans. If you would like more information about how your data is processed, please contact us.
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