Product Manager - Procurement & Portfolio Management

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.

What you'll do

• 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.
• Run Quantitative Portfolio Analysis: Independently run analyses on procurement performance, hedging effectiveness, and portfolio economics. Build the analytical foundation that supports strategic decisions and quantifies the impact of changes.
• 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.

What you'll need

• 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)
• 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
• Excellent written and spoken English and German

Nice to have

• Experience working with external procurement partners, ETRM systems, or trading platforms
• Awareness of regulatory frameworks shaping energy retail (Marktkommunikationsprozesse, balancing regimes, market design developments)

What they offer

• Work with an international, dynamic, and highly motivated team
• Direct impact on the energy transition and climate
• Direct contact with core decision-makers
• Offices in Hamburg, Berlin, or Munich
• EGYM Wellpass and job bike leasing