Portfolio Manager Power & Gas (f/m/d)

Location: Budapest, Hungary

Join Axpo Hungary and shape the future of energy trading. Bring your analytical mindset to a dynamic, international team where your ideas directly drive value and innovation in the power and gas markets.

What you will do:

• Optimise Axpo's power and gas portfolio in Hungary and extract value from it, including cash flow optimisation for existing and new positions

• Develop and implement hedging strategies that balance risk and reward, including creative approaches for structured and non-standard products

• Build clear, well-founded pricing models and ad-hoc prices for standard and non-standard products across wholesale and retail

• Prepare sensitivity, scenario-based and regulatory impact analyses to support commercial decision-making

• Lead negotiations with counterparties and support the front office team with market analyses and hedging strategies

• Deliver accurate position and risk reporting, and develop market and fundamental analyses to spot trends and inform decisions

What you bring & who you are:

• A university degree in a relevant field such as economics, engineering, mathematics, or finance

• At least 5 years of experience in the energy industry – ideally in a commercial or trading role, with experience trading standard and non-standard products

• Strong analytical and mathematical skills, comfortable navigating complexity

• A solid understanding of European energy markets; knowledge of the Hungarian and CEE power and gas markets is a strong advantage

• Fluent in Hungarian and English; German is a plus

• Ideally, experience with Excel and trading systems such as Endur, and exposure to gas markets

Even if you don't meet every point on this list, we still encourage you to apply – we value potential and diverse perspectives just as much as experience.

About the team:

You'll join a collaborative, multi-disciplinary and multi-cultural team that works closely with Business Units across Axpo. We value entrepreneurial thinking, integrity, and a hands-on attitude, and we support each other through the energy sector's fast-paced challenges.