[Hiring] (Senior) Product Manager - Procurement & Portfolio Management @1KOMMA5°

Role Description

As Product Manager Procurement & Portfolio Management, you take on one of the most strategically defining product roles within our energy retail business:

• Design how 1KOMMA5° procures, hedges, and optimizes electricity for an increasingly flexible customer portfolio.
• Sit at the intersection of energy markets, energy procurement, our flexibility assets, and our customer-facing tariff strategy.
• Turn this into a measurable commercial advantage.

Own our Procurement Strategy:

• Define how and where 1KOMMA5° procures energy for our customer portfolio - across day-ahead, intraday, and forward markets.
• Develop a clear market split logic, and continuously refine it based on portfolio characteristics, customer mix, and market conditions.

Design Portfolio Hedging & Risk Management:

• Build hedging and risk management strategies tailored to different customer portfolios (dynamic vs fixed tariffs or flexibility/ancillary services).
• Define when and how we lock in volumes, what we leave open, and how we balance commercial upside against risk exposure.

Shape Our Flexibility Procurement Model:

• Design how we procure and steer our flexibility portfolio.
• Define models such as flexibility bands, fixed volumes, strike-price-based offers, and the trade-offs between them.
• Develop the commercial logic and the operational requirements for each model.

Run Quantitative Portfolio Analysis:

• Independently run analyses on procurement performance, hedging effectiveness, and portfolio economics.
• Build the analytical foundation that supports strategic decisions, identifies optimization opportunities, and quantifies the impact of changes to our procurement and steering setup.

Monitor Performance and Drive Continuous Improvement:

• Define KPIs across procurement cost, hedge effectiveness, portfolio risk, and flexibility margin.
• Use data to continuously sharpen our market positioning and commercial performance.

Qualifications

• 4+ years of experience in (international) energy procurement, portfolio management, or energy trading, ideally in a utility, energy retailer, trading desk, or aggregator environment.
• Strong analytical skills with hands-on experience running portfolio analyses, hedge calculations, and market scenarios (Python, SQL, or comparable tools are a strong plus).
• Proven ability to translate market and commercial logic into structured processes and product requirements.
• Entrepreneurial, proactive, and comfortable navigating ambiguity in a fast-moving market environment.
• Excellent written and spoken English and German.

Requirements

• Deep understanding of European power markets - day-ahead, intraday, and forward markets - and the mechanisms that drive prices.
• Solid working knowledge of hedging instruments (futures, options, OTC), balancing markets, and BRP settlement.
• Familiarity with flexibility products and procurement models (flexibility bands, fixed volumes, strike-price offers) and their commercial trade-offs.
• Awareness of regulatory frameworks shaping energy retail (Marktkommunikationsprozesse, balancing regimes, market design developments).
• Experience working with external procurement partners, ETRM systems, or trading platforms is a strong plus.

Benefits

• You are part of an international, dynamic, and highly motivated team of people who have proven to make things happen.
• With your work, you accelerate the "energy transition" and hence have a direct impact on our climate.
• Work with and learn from other super-smart colleagues.
• You will enjoy direct contact with core decision-makers.
• You will enjoy the best chances of entering full-time in one of Europe's most thriving scaleups.
• You can work in one of our offices in Hamburg, Berlin or Munich.
• Create a healthy balance alongside your work and enjoy all the benefits of the EGYM Wellpass.
• Benefits and discounts are yours with Futurebens.
• Whether city bike or e-bike - be flexible with our job bike leasing and do something good for the environment at the same time.