(Senior) Product Manager - Procurement & Portfolio Management (m/f/d)

1KOMMA5° is a CleanTech Unicorn with a mission to electrify everything and connect everyone to the future electricity market through its AI-based software platform Heartbeat AI. As a Product Manager for Procurement & Portfolio Management, you will design and optimize how the company procures and manages electricity for its customer portfolio, ensuring a measurable commercial advantage.

Responsibilities:

• 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. Develop the commercial logic and the operational requirements for each model
• Run Quantitative Portfolio Analysis: Independently run analyses on procurement performance, hedging effectiveness, and portfolio economics. Build the analytical foundation that supports strategic decisions, identifies optimization opportunities, and quantifies the impact of changes to our procurement and steering setup
• 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

Requirements:

• 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)
• Proven ability to translate market and commercial logic into structured processes and product requirements
• Entrepreneurial, proactive, and comfortable navigating ambiguity in a fast-moving market environment
• Excellent written and spoken English and German
• 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
• Awareness of regulatory frameworks shaping energy retail (Marktkommunikationsprozesse, balancing regimes, market design developments)
• Experience working with external procurement partners, ETRM systems, or trading platforms is a strong plus