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Energy Portfolio Manager

Bristol, United Kingdom
about 1 month ago
Full time role

Company

OVO Energy is an independent energy technology company and supplier. The company was launched in 2009. OVO Energy is set ...

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Job Description

We’re making zero carbon happen

We’re OVO Group, a big family of companies united by a single vision: to get to zero carbon, fast. 

We call this Plan Zero – and it shows how we’ll be fighting the climate crisis and transforming the way people use energy over the next decade. To do this, we need the sharpest minds. Are you up for the challenge?

Do great green things with OVO Energy

So much has changed since we launched in 2009.  Our goal remains the same though: make energy cheaper, greener, and simpler. Just as it was on day one.

Everyone belongs at OVO

Our aim is to build a diverse and inclusive movement: teams of brilliant people, with unique talents, skills, passions, and experiences. 

We encourage everyone to join us, whatever your gender identity, race, ethnicity, sexual orientation, age, life experience, or background. So please come as you are – we can’t wait to meet you.

Where in the world of OVO will I be working?

As part of the Energy function, this role will report into the Senior Portfolio Manager within the Portfolio Management team.  This is an exciting role ensuring the business has effective hedging strategies which are key to the team delivering expected Trading and Retail wholesale costs and therefore P&L.  With annual wholesale costs in excess of £7.0bn in 2022, it is critical that Portfolio Management can effectively analyse and understand our risks and design and implement effective hedge strategies to reduce them. 

OVO’s Energy function is a dynamic and fast paced environment.  This will give you the opportunity to build relationships across all areas of the business and to help to ensure that key internal stakeholders have a clear understanding of the opportunities and risks associated with Wholesale Energy Trading. You will need to be confident being an Industry Expert within the business in this area and sharing and communicating that knowledge with others.

What will I be doing?

Key responsibilities will include but are not limited to:-

RETAIL RISK ASSESSMENT

  • Managing large data sets of costs and revenues to ensure the team has accurate information to understand the business' risk to a large set of complex exposures
  • Understand changes to market rules and regulations and the effect that has on Ovo’s hedging strategies
  • Work with the Energy Data Science team to understand the range of outcomes of Ovo’s costs and revenues

WHOLESALE RETAIL HEDGE STRATEGIES

  • Design effective data management tools that allow us to understand the relationships between our multiple risks
  • Assist in designing hedge strategies that increase the certainty of achieving forecast gross margin

ALIGN HEDGING AND PRICING

  • Work with the pricing team to ensure wholesale hedge strategies are aligned with future pricing plans

WEATHER RISK MITIGATION & ORIGINATION

  • Understand Ovo’s exposures to weather and assist Senior Portfolio Manager in procuring appropriate derivatives to manage the risk.

Is this the job for me?

Ideally you will have…

  • You will need to be a number's person, confident in dealing with large data sets and extracting key insight & results
  • You will also need to be an Energy Industry expert with a deep understanding of how the industry functions and the drivers of wholesale energy costs and risks for Suppliers
  • You will need the ability to learn quickly in order to develop a detailed understanding of current models and processes, the energy market and our wholesale energy trading activities
  • You will need to be able to take the initiative in addressing complex challenges. 
  • Highly analytical with strong data manipulation skills and advanced Excel knowledge.
  • Experience with writing SQL queries
  • Demonstrable high attention to detail.
  • Strong communication skills.
  • Ability to break down complex problems, often involving large amounts of data.
  • A team player who thrives in a challenging environment.
  • Flexibility; willing to contribute on a range of work aspects.
  • Self-starter, comfortable working both autonomously and with colleagues to deliver value in a small, high-functioning team.

Beneficial

  • Experience in the UK Energy sector, ideally an Energy Supply business
  • A deep understanding of how the industry functions and the drivers of wholesale energy costs and risks for Suppliers
  • Experience in data visualisation tools (eg Tableau)
  • Experience with data analysis in a programming language (eg. Python or R)

Brilliant benefits for a world-changing team

Our people are at the heart of Plan Zero. That’s why we offer plenty of green benefits and progressive policies to make you feel at home.

For starters, you’ll get 34 days of holiday (including bank holidays).

Then there’s Flex Pay. It’s an extra 9% of your salary on top of your core pay to use as you like. You can take it as cash, add to your pension, or choose to spend it on a huge range of flex benefits.

Here’s a taster of what’s on offer:

For your health
With benefits like a healthcare cash plan or private medical insurance depending on your career level, critical illness cover, life assurance, health assessments, and more

For your wellbeing
With gym membership, gadget, travel and cyber insurance, workplace ISA, will writing services, DNA testing, dental insurance, and more

For your lifestyle
With extra holiday buying, discount dining, culture cards, tech loans, and supporting your favourite charities with give-as-you-earn donations

For your home 
Get up to £300 off any OVO Energy plan (when you pay by Direct Debit), plus personal carbon offsetting and great discounts on smart thermostats and EV chargers

For your commute
Nab a great deal on ultra-low emission car leasing, plus our cycle to work scheme and public transport season ticket loans 

Want to hear about our full range of flexible benefits and progressive people policies? Our People Team can tell you everything you need to know.

Oh, and one last thing...

We’d be thrilled if you tick off all our boxes yet we also believe it’s just as important we tick off all of yours. And if you think you have most of what we’re looking for but not every single thing, go ahead and hit apply. We’d still love to hear from you!

OVO Energy is an independent energy technology company and supplier. The company was launched in 2009. OVO Energy is set ...

View Company Profile