Gas Portfolio Analyst

Octopus Energy Group; España; On-site; PHP 3,498,950 - 4,898,530; Full time

Benefits offered by this job

Share options in Octopus Energy

Flexible benefits

Support for purchasing electric vehicles

Pension plan

Professional development opportunities

Job summary

Octopus Energy Group is seeking a Gas Portfolio Analyst for its Procurement team in Spain. This role involves analyzing and managing the gas portfolio, supporting the Energy Markets team with strategic data-driven decisions.

The candidate will require a robust background in energy markets, risk management, and data analytics, alongside the ability to communicate effectively in English and Spanish. The position offers a full-time schedule with benefits such as flexible perks and development opportunities.

Qualifications

• 3-5+ years in energy markets focused on natural gas.
• Experience with portfolio risk management.
• Strong analytical mindset and experience with market data.

Responsibilities

• Monitor gas portfolio positions daily.
• Develop gas consumption forecasts.
• Analyze gas market fundamentals.
• Support gas tariff pricing.
• Collaborate with finance and commercial teams.
• Drive continuous improvements in data reporting.

Skills

Energy market analysis

Portfolio risk management

Data analysis

SQL

Python

R

Fluent English

Professional Spanish

Education

Postgraduate degree in Quantitative Finance or related field

Tools

Power BI

Tableau

Job description

We’re Revolutionizing Energy to Change the World

At Octopus Energy, we’re not your typical utility company. We’re a team of passionate people working every day to make energy 100% renewable, accessible, and fair for everyone.

We believe technology and innovation are key drivers of change. Our mission is to transform the way the world consumes energy by breaking down barriers, simplifying processes, and delivering a more human and transparent service.

Our commitment is that clean energy should be the norm. To achieve this, we combine sustainability with a people‑first approach, delivering outstanding service and building a team that shares our vision.

What We’re Looking For

We’re looking for a Gas Portfolio Analyst to join our Procurement team. In this role, you'll analyze and manage Octopus Energy Spain’s gas portfolio, providing direct support to the Energy Markets team in tracking exposures, designing hedging strategies, and forecasting portfolio consumption.

You’ll work at the intersection of energy markets, risk management, data analytics, and finance, helping us mitigate exposure to price volatility in a dynamic environment shaped by constant regulatory change. If you love making data‑driven strategic decisions and want to own a high‑impact position, this opportunity is for you.

What You’ll Do

• Monitor and adjust the company’s gas portfolio positions on a daily basis across PVB, TVB, and AVB, ensuring accurate tracking of physical and financial exposures, including mark‑to‑market, P&L, hedge coverage, and open positions.
• Develop, validate, and improve short-, medium-, and long‑term gas consumption forecasts, incorporating customer growth, churn, seasonality, weather effects, and portfolio mix.
• Track and analyse key gas market fundamentals, including LNG flows, storage levels, demand, supply disruptions, weather patterns, geopolitical events, spreads, and forward curve movements.
• Support gas tariff pricing by translating market costs, consumption forecasts, and risk assumptions into competitive retail offers aligned with growth objectives.
• Collaborate with Finance, Data and Commercial teams to ensure gas market assumptions are reflected in tariffs, forecasts, and budgets.
• Drive continuous improvements through internal tools, data automation, and reporting optimisation.
• Stay up to date with changes in Spanish and European gas regulation, market rules, balancing mechanisms, and reporting obligations that may affect the portfolio.

What You’ll Need to Shine in This Role

• Proven track record (typically 3‑5+ years) in energy markets and portfolio risk management focused on natural gas.
• Solid understanding of Iberian and European gas markets, including MIBGAS, TTF, LNG dynamics, storage levels, forward curves, price drivers, and hedging products.
• Strong analytical mindset, with experience working with market prices, consumption data, forecasts, portfolio exposures, P&L, mark‑to‑market, or risk metrics.
• Hands‑on experience with forecasting, time‑series analysis, portfolio modelling, ideally applied to energy consumption or commodity markets.
• Advanced programming skills in SQL, Python and/or R for data analysis, automation, modelling, or reporting.
• Full professional proficiency in Spanish and fluent, working‑level English.
• Nice to have: Postgraduate degree in Quantitative Finance, Energy Economics, Engineering, or a highly quantitative discipline.
• Nice to have: In‑depth knowledge of Spanish and Iberian gas sector regulations (CNMC, CORES, ENAGAS & MIBGAS).
• Nice to have: Experience building dynamic dashboards and BI tools (Lightdash, Power BI, Tableau) for strategic decision support.

What We Offer

• Location: Valencia, Madrid, Barcelona.
• Schedule: Full‑time 40 hours per week.
• Perks & Benefits: Share options in Octopus Energy; Breakfast and fresh fruit in the office; Flexible benefits (meal vouchers, transport, childcare, health insurance); Support for purchasing electric vehicles; Pension plan; Product training & professional development; Fun, dynamic and inclusive work environment; Events: family dinners and many more team experiences.