Gas Portfolio Strategy Leader

Norlys Energy Trading A/S; Aalborg; On-site; DKK 1,000,000 - 1,200,000; Full time

Job summary

NET is seeking a Manager of Portfolio Management to lead the commercial optimisation of our integrated gas portfolio and shape the future direction of Physical Gas Trading. The role combines strategic leadership, commercial decision-making and people development within a dynamic energy team.

You will oversee portfolio strategy, risk management, and valuation methodologies while coaching a high‑performing team and partnering with senior stakeholders across the trading organisation.

Qualifications

• 5+ years of experience within energy trading, portfolio management, asset optimisation, risk management, or related commercial disciplines.

Responsibilities

• Own the commercial performance and risk-adjusted profitability of NET's integrated gas portfolio.
• Define and execute portfolio strategies across physical and financial gas markets.
• Optimise storage, transportation capacity, flexibility contracts, structured products, and other embedded optionality.
• Allocate risk capital and portfolio capacity towards the most attractive value opportunities.
• Balance short-term commercial opportunities against long-term portfolio objectives.
• Lead portfolio positioning and exposure management across outright price risk, basis risk, curve shape, and optionality.
• Ensure portfolio decisions are supported by fundamental, quantitative, and market-driven analysis.
• Establish and continuously develop valuation frameworks for physical and structured gas exposures.
• Evaluate portfolio performance through PnL, cash flow, capital utilisation, and risk-adjusted return metrics.
• Drive scenario analysis, stress testing, and strategic portfolio reviews.
• Lead, coach, and develop a high-performing Portfolio Management team.
• Act as a senior commercial counterpart within Physical Gas Trading.
• Provide strategic recommendations to senior leadership regarding portfolio positioning, asset utilisation, and investment opportunities.
• Contribute actively to the strategic direction and organisational development of Physical Gas Trading.

Skills

Portfolio management

Energy trading

Asset optimisation

Risk management

Leadership

Stakeholder management

Decision making

Analytical depth

Job description

NET is seeking a Manager of Portfolio Management to lead the commercial optimisation of our integrated gas portfolio and shape the future direction of Physical Gas Trading. The role combines strategic leadership, commercial decision-making and people development within a dynamic energy team.

You will oversee portfolio strategy, risk management, and valuation methodologies while coaching a high‑performing team and partnering with senior stakeholders across the trading organisation.