Senior Model Developer

Ørsted; Gentofte Kommune; On-site; DKK 574,000 - 861,000; Full time

Benefits offered by this job

Employer-paid pension

Full insurance coverage

Five weeks of paid holiday + 10 days

3% holiday allowance

Wellbeing programmes including Life &<

Multimedia package (mobile, PC, phone)

Staff club membership

Company canteen access

Job summary

Ørsted is seeking a quantitative developer to build and enhance market models that support short- and mid-term analysis of gas and power markets. You will combine Python development with energy market expertise to deliver scalable models used by trading and commercial teams.

In Forecasting & Market Analysis, you’ll collaborate with analysts, traders, and platform teams to ensure high-quality data-driven insights.

Qualifications

• Background in quantitative development, engineering, economics, or similar, or equivalent experience.
• Deep knowledge of European gas markets and energy dynamics.
• Ability to write scalable, well-tested Python code and apply modern development practices.
• Familiarity with version control, CI/CD, and collaborative software development.
• Comfort working with time series data, SQL, and data visualization tools.

Responsibilities

• Developing gas supply and demand models to enable trading and portfolio management activities.
• Developing and improving gas and power market models for supply-demand and price formation.
• Integrating drivers like weather, fuel prices, outages, and interconnector flows into models.
• Ensuring model outputs reflect market behavior across short- and mid-term horizons.
• Improving model governance, monitoring performance, and keeping data up to date.
• Collaborating with traders, analysts, and developers to deliver insights and recommendations.

Skills

Python development

Time series analysis

Data visualization

SQL

CI/CD familiarity

Tools

Git

CI/CD

Job description

Join us in this role where you’ll develop and improve core market models that support short- and mid-term analysis. You’ll combine strong Python development with an interest in energy markets to deliver scalable, reliable models used daily by trading and commercial teams.

Welcome to Forecasting & Market Analysis

You’ll be part of Forecasting & Market Analysis where you together with your colleagues will develop models and forecasts supporting trading and portfolio decisions across power and gas. You’ll work closely with analysts, traders, and platform teams to ensure high-quality data-driven insights. As a team, we collaborate across disciplines, share knowledge, and continuously improve how we model and understand energy markets.

You’ll play an important role in:

• developing our new gas supply and demand to enable our gas trading and portfolio management activities
• developing and improving gas and power market models for supply-demand and price formation.
• integrating key drivers such as weather, fuel prices, outages, and interconnector flows into models.
• ensuring model outputs reflect market behaviour across short- and mid-term horizons.
• improving model governance, monitoring performance, and keeping assumptions and data up to date.
• collaborating with traders, analysts, and developers to deliver actionable insights and recommendations.

To succeed in the role, you:

• have a background in quantitative development, engineering, economics, or similar, or equivalent experience.
• possess deep knowledge of European gas markets
• write scalable, well-tested Python code and apply modern development practices.
• are familiar with version control, CI/CD, and collaborative software development.
• work confidently with data, including time series analysis, SQL, and data visualisation tools.
• are motivated to build expertise in energy markets and translate it into models.
• communicate clearly and work effectively both independently and as part of a team.

As an applicant or employee, you may request reasonable work and position accommodation or adjustments via [e-mail].

Please note that for your application to be taken into consideration, you must submit your application via our online career pages and answer the screening questions relevant for your country. We don't take applications or inquiries from external recruiters or agencies into account for this position.

Position salary range:

For this position, the expected base pay range is kr51,440.00- kr77,160.00 for the advertised location. The offered base salary will be determined within this range based on relevant skills, experience, and expected role fulfilment within the stated pay range to ensure a fair and competitive offer. Where applicable, you may also be eligible for variable payment and a comprehensive benefits package.

Our benefits package:

• employer‑paid pension (11% contribution)
• full insurance coverage (accident, life, critical illness, and health insurance)
• five weeks of paid holiday plus 10 additional paid days off per holiday year
• a 3% holiday allowance
• access to Ørsted Life & Fitness Vitality including fitness classes, physiotherapy, massage, and wellbeing programmes
• a multimedia package (mobile phone, PC, internet)
• staff club membership with sport and cultural activities
• access to the company canteen (monthly lunch scheme or daily tickets)

Pre-employment background check:

Certain positions may require a background check as part of the hiring process. If applicable, you will be informed during the recruitment process. Background checks are conducted by an external provider in accordance with local legal requirements.