Power Portfolio & Costing Analyst

Power Portfolio & Costing Analyst

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? We are currently searching for Power Portfolio & Costing Analyst in, with a strong analytical mindset and experience in energy markets, costing and portfolio management, eager to continue her/his professional growth at our Milan office within the Global Business Unit “Supply & Energy Management ”.

ENGIE Supply & Energy Management (S&EM) provides energy supply solutions and risk management services to support its clients through their decarbonization journey, while optimizing ENGIE’s assets and contributing to value creation.

ENGIE is a global reference in low-carbon energy and services with a leading energy management business, piloted by its Global Business Unit Supply & Energy Management (S&EM) who built its savoir-faire managing the Group’s large and diverse asset portfolio over 20+ years.

7,500 employees around the world develop our solutions, through 19 countries. We cover the full energy mix: renewable and thermal power, natural gas & LNG, biomass, environmental products. Our experts provide tailor made solutions based on a wide range of savoir-faire in energy management with a strong focus on decarbonation and decentralization.

Our clients span the entire value chain: producers, asset developers, financial players, utilities, distributors and industrials. Our global reach and strong local presence enable us to offer these diverse clients tailor-made services and respond to rapid changes in mature or emerging markets alike.

Our 3 expertise:

• Asset management
• Energy supply , providing green energy & innovative solutions
• Risk management & market access

At S&EM we encourage breakthrough results, team spirit, curiosity and innovation while preserving the right work/life balance for you.

What will you do?
You will report to the Head of Supply Portfolio Management and contribute to economic optimization, costing and risk management of the downstream Power portfolio of the GBU Supply and Energy Management, across different customer segments (Retail, B2B, Resellers). The role combines analytical, operational and data-driven activities, supporting costing, hedging, P&L monitoring and reporting processes.

What will you be in charge of?

In collaboration with the Senior Power Portfolio Manager, you will:

• Perform costing activities, including price and risk evaluation, fixing management, verification of correct price valuation for monthly invoicing purposes.
• Monitor portfolio exposure and risk, using both financial and physical instruments, and supporting hedging activities.
• Use and manage ETRM systems for deal capture, risk analysis, settlements and reporting.
• Ensure consistency between portfolio data, reporting tools and control systems.
• 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, processes and innovative solutions for portfolio and risk management.

About YOU

• A university degree in Economics, Finance, Engineering, or Statistics.

• 2–5 years of experience in the energy sector (Gas & Power), preferably on power portfolio management, costing or risk management roles.
• Good knowledge of the Italian energy market and downstream market dynamics.
• Good knowledge of energy financial instruments and its portfolio management application (e.g. physical forward, swaps, indexed formulas; time and location spread; peak vs baseload spread).
• Good knowledge of options theory and its practical applications would be a strong plus
• Experience with ETRM systems and reporting tools.
• Strong proficiency in Excel; programming languages for data science, particularly Python or R, would be an advantage.
• Familiarity with data analytics and data visualization tools such as Dataiku or Databricks.
• 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.

About ENGIE

At ENGIE, every talent has a role to play in accelerating the energy transition. Make a difference and enjoy a fulfilling professional experience. Take on exciting challenges and build a career path that reflects who you are.

Join us and be part of the adventure of the century!

Working at ENGIE, a multinational group, means having a wide variety of career opportunities in more than 30 countries. Whilst putting the community at the center of your professional life and contributing to real change during a challenging career.

Our commitment is clear: We support a social model that balances economic performance with positive impact on people and the planet. We bet on the power of community and act as part of a community committed to disrupting and reinventing the future. Diversity and inclusion are at the core of our corporate culture.

ENGIE is committed to combating all forms of discrimination in employment, access to training and promotion. Therefore, the integration and support of youth, adults, and people with disabilities, regardless of gender, ethnicity, or religion, are key priorities of human resources policy.

Recognized for 2025 by Sole24Ore as a leading company in diversity & inclusion, the ISO 30415:2021 and UNI PDR 125:2022 certifications are further proof of our commitment.