Power Portfolio Manager

Who is ENGIE?

ENGIE puts sustainable development at the center of its activities (electricity, natural gas, energy efficiency, and services) to meet the challenges of the energy transition to a low-carbon economy: access to a sustainable economy, climate change mitigation and adaptation, and resource optimization.

Who are we looking for?

A PowerPortfolioManager , with a strong analytical mindset and experience in energy markets, costing and portfolio management, eager to continue her/his professional growth that our Milan office within the Global Business Unit “Supply & Energy Management” .

What will you do?

You will report to the Head of Supply Portfolio Management and will serve the Downstream activity of the GBU Supply and Energy Management, across different customer segments (Retail, B2B, Resellers). You will contribute to the management and optimization of the power portfolio and will manage the costing of new client requests. The role combines analytical, operational and data-driven activities, to support pricing, hedging and P&L monitoring and reporting activities.

What will you be in charge of?

In collaboration with the Senior Power Portfolio Manager, you will ensure the daily management of the portfolio. You will:

• Monitor, explain, validate and report the evolution of the portfolio PnL and risk indicators (greeks and stress tests), ensuring the compliance with the risk mandate.
• Elaborate and execute the hedging strategy in close collaboration with Trading desk using financial and physical instrument.
• Perform costing activities, including price and risk evaluation for any new contractor or client activity.
• Participate to the structuring of new standard products and tailored/made contracts (custom Renewable PPA, non-standard price formula,…) in partnership with sales and marketing team.
• Guarantee the daily entry and validation of all the deals in the ETRM systems and perform risk analysis, exercise and settlements activities.
• Ensure consistency between portfolio data, reporting tools and control systems and verify the correct price valuation for monthly invoicing purposes.
• Collaborate with the Forecasting team to ensure accurate consumption profiling used in pricing, refresh the commodity portfolio and P&L based on improved forecasts and final volume allocations.
• Contribute to the development and continuous improvement of tools to automate portfolio and risk management processes finding innovative solutions.

What will you bring to ENGIE?

• 2–5 years of experience in the energy sector, preferably in Gas & Power portfolio management, costing or risk management roles.
• Good knowledge of the Italian energy market and downstream market dynamics.
• Knowledge of energy financial instruments (e.g. forwards, swaps and options).
• Good understanding of pricing and forecasting models.
• Experience with ETRM systems and reporting tools.
• Strong proficiency in Excel; experience in programming languages like Python or R would be an advantage.
• Familiarity with data analytics tools such as Dataiku or Databricks and data visualization tools such as PowerBI.
• Strong analytical mindset and ability to synthesize complex information, ability to take decisions within assigned responsibilities.
• Strong communication and collaboration skills to work effectively with cross-functional teams.
• Proactiveness, curiosity and willingness to operate in a dynamic and continuously evolving environment.
• Fluent in English, ideally at a native or near-native level.

Type of contract: Local contract according to Italian labour law.

Salary: The gross annual salary for the role ranges between €50.000 and €65.000, depending on experience and level of seniority.

Business Unit: Supply & Energy Management

Company Name: ENGIE Italia

Why this matters to us

Our organisation is an equal opportunity employer and is committed to fostering a diverse and inclusive workplace. We offer reasonable accommodations upon request for individuals with disabilities.