[Hiring] Gas Portfolio Analyst @Octopus Energy Group

Role Description

We're looking for a Gas Portfolio Analyst to join our Procurement team. In this role, you'll be key to analyzing and managing Octopus Energy Spain's gas portfolio, providing direct support to the Energy Markets team in tracking exposures, designing hedging strategies, and forecasting portfolio consumption.

You'll work at the intersection of energy markets, risk management, data analytics, and finance, helping us mitigate exposure to price volatility in a dynamic environment shaped by constant regulatory change.

If you love making data-driven strategic decisions, understand gas market fundamentals inside and out, and want to own a high-impact position, this opportunity is for you!

What You'll Do

• Monitor and adjust the company’s gas portfolio positions on a daily basis across PVB, TVB, and AVB, ensuring accurate tracking of physical and financial exposures, including Mark-to-Market, P&L, hedge coverage, and open position.
• Develop, validate, and improve short-, medium-, and long-term gas consumption forecasts, incorporating customer growth, churn, seasonality, weather effects, and portfolio mix.
• Track and analyse key gas market fundamentals, including LNG flows, storage levels, demand, supply disruptions, weather patterns, geopolitical events, spreads, and forward curve movements.
• Support gas tariff pricing, translating market costs, consumption forecasts, and risk assumptions into competitive retail offers aligned with growth objectives.
• Collaborate with Finance, Data and Commercial teams to ensure gas market assumptions are reflected in tariffs, forecasts & budgets.
• Drive continuous improvements through internal tools, data automation, and reporting optimization.
• Stay up to date with changes in Spanish and European gas regulation, market rules, balancing mechanisms, and reporting obligations that may affect the portfolio.

Qualifications

• Proven track record (typically 3-5+ years) in energy markets, portfolio risk management focused on natural gas.
• Solid understanding of Iberian and European gas markets, including MIBGAS, TTF, LNG dynamics, storage levels, forward curves, price drivers, and hedging products.
• Strong analytical mindset, with experience working with market prices, consumption data, forecasts, portfolio exposures, P&L, Mark-to-Market, or risk metrics.
• Hands-on experience with forecasting, time-series analysis, portfolio modelling, ideally applied to energy consumption or commodity markets.
• Advanced programming skills in SQL, Python and/or R for data analysis, automation, modelling, or reporting.
• Full professional proficiency in Spanish and fluent, working-level English to coordinate effectively in an international environment.

Nice to Have

• Postgraduate degree in Quantitative Finance, Energy Economics, Engineering, or a highly quantitative discipline.
• In-depth knowledge of Spanish and Iberian gas sector regulations (CNMC, CORES, ENAGAS & MIBGAS).
• Experience building dynamic dashboards and BI tools (Lightdash, Power BI, Tableau) for strategic decision support.

Benefits

• 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.