Energy Portfolio Manager

Energy Portfolio Manager - UK

ENGIE is a global leader in low-carbon energy supply and services. We have been active in the UK energy market for over 20 years, and our investments in energy infrastructure are focused on energy storage and renewable energy (solar, wind, biogas), whilst supplying energy to organisations of all sizes.

We are reshaping the energy future by reconciling economic performance with a positive impact on people and the planet, and we are looking for people who are committed to help turn our vision into reality.

GEMS (Global Energy Management and Sales) is one of the global business units of ENGIE. Specialising in energy markets, GEMS’ mission is to ensure the competitiveness of ENGIE’s business units and to develop its own franchise with external customers, through a comprehensive range of services related to risk management, energy asset optimisation and trading. GEMS manages over all time horizons one of the largest and most diversified energy portfolios, including electricity, natural gas, coal, oil products, biomass, CO2 and environmental products and has a presence in key energy marketplaces.

Energy Management UK develops GEMS’ activities in the UK and Ireland. GEM UK is currently expanding and so if you don’t believe you are a good match for this role but still have an interest in joining us, do not hesitate to contact us as we may have a role that matches your talents.

ABOUT THE ROLE

We are seeking a highly skills and dynamic Energy Portfolio Manager to provide asset risk management services to internal clients across all time scales from the long term through to delivery. The Energy Portfolio Manager will be based in London,  this is a hybrid permanent role working full time Monday to Friday.

Key Accountabilities

• Model renewable power generation, power storage and biomethane production assets in cooperation with quants & traders
• Provide a realistic expected value of the future revenues of these assets (including their flexibility and constraints). Forecast revenue margins, running hours and production volumes 
• Quantify the uncertainties around these metrics. 
• Support assets and provide educated views on securing the value and reducing risks identified through asset representation, proposing a risk mandate and shaping decision making related to future hedging actions.
• Active engagement with senior management of ENGIE’s internal Global Business Units (GBUs) “owning” the assets (eg FlexGen GBU covering flexible generation, Renewable GBU covering renewable generation and Networks GBU ).
• Working in collaboration with internal market analysts, share markets’ updates when relevant with the GBUs.
• Execute agreed hedging strategies on behalf of all assets, transacting with internal Trading teams.
• Where appropriate, manage the physical fuel capacity and stock for the assets.
• Assist assets in optimisation of flexible maintenance programs to ensure that the asset is more available during periods of system need, whenever possible.
• Report financial performance of the assets in coordination with Finance and other operational teams.
• Report on asset valuations and changes in value for the assets.
• Conduct valuation and sensitivity studies on asset related products or initiatives (e.g. (dis)investments, flex increase, maintenance shifts, combining renewable with non-renewable assets)
• Support regulatory teams in strengthening lobby arguments through analysis and expertise

KEY REQUIREMENT

• Understanding of commodity market fundamentals, preferably power
• Excellent written and spoken English
• Digital mindset, motivated to simplify and automate processes and reporting
• Strong communicator, with an ability to engage clients and colleagues effectively
• Collaborative approach to problem solving
• Confident decision maker, aware of the value at stake
• Structured and analytical approach
• Higher education, or appropriate experience.

PREFERRED, SOME ASPECTS WILL BE LEARNED

• UK Power market experience
• Portfolio Management experience
• Advanced understanding of risk management systems
• Options pricing
• Expert in Python, experienced in version control and pipeline management
• Understanding of generation assets, power plant representation and appropriate hedging strategies
• Gas market experience
• University degree in a quantitative area (eg IT, engineering, mathematics, economics)

WHY ENGIE UK?

• Opportunity to make a significant impact on the future of energy supply.
• Collaborative and innovative work environment.
• Hybrid Working/Flexible Working
• Bonus Programme
• Healthcare Cash Plan
• Employer Pension Contribution
• Healthcare Cash Plan
• myENGIE Benefits
• Commitment to professional development and growth.

HOW TO APPLY

If you eager to drive change in the energy sector, we want to hear from you. At ENGIE UK, we value diversity and are committed to creating an inclusive environment for all employees. Even if you do not meet all the requirements listed, we encourage you to apply. Your unique skills and experiences could be just what we need to take our data strategy to the next level.

To apply, please submit your CV  detailing your experience and why you are the ideal candidate for this role.