[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: you design how 1KOMMA5° procures, hedges, and optimizes electricity for an increasingly flexible customer portfolio. You sit at the intersection of energy markets, energy procurement, our flexibility assets, and our customer-facing tariff strategy - and you 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. Defining 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.