Associate Short Term Portfolio Manager

Engelhart was founded in 2013 by BTG Pactual Group as a commodities trading company. Our business model is “asset light” and highly diversified – giving us the ability to adapt effectively and nimbly to changing market conditions. We have assembled successful multidisciplinary teams, leveraging advanced fundamental analysis with deep quantitative and weather research capabilities.  Our activities are underpinned by strong risk management practices and by powerful technology and operational excellence. We have exceptional teams with diverse global backgrounds and decades of experience, and are driven by a highly collaborative culture, across products and competencies.

In 2024, Engelhart acquired Trailstone, a global energy trading and technology company. The acquisition provides us with new expertise, analytics and proprietary technology which is being used to provide risk management and optimisation services to help maximise the value of our clients’ renewable power. The acquisition also expanded Engelhart’s capabilities into physical natural gas across North America, a critical fuel to support the energy transition.

Our talented and experienced individuals work together according to its four company values: Performance, Agility, Collaboration, Entrepreneurship.

We are pleased to announce a new opening in our Short Term Portfolio Management Academy in Berlin, to start on September 1^st this year.

Our Short Term Portfolio Management Academy provides exposure to renewables and gas portfolio management and systematic short term power trading in an international energy trading company. This is an ideal opportunity for someone looking to develop a career in the world of commodities trading. 

After a structured training period, you will be exposed to the balancing risk of our European and Japanese renewables portfolio boosting the PnL by expertly managing the deviations of wind & solar production and optimising the flexibility of our renewables sites through a combination of discretionary trading decisions and support from our automated trading systems. You will monitor the system health of our automated trading systems including our systematic short term power trading strategies that you can also contribute to with new trading ideas. You will also be exposed to the European natural gas portfolio, where you will build responsibility in operating the physical gas asset portfolio (storages, cross border capacities, supply, demand) via scheduling, capacity booking, and short term trading of asset optionality. 

In addition to your training for supported development, as part of our Short Term Portfolio Management Academy you can expect to receive a clearly defined career path aligned with transparent growth milestones. Practical experience of renewables or gas portfolio management is not required – but the commitment and hunger to develop a long-term career within our industry is essential.  

Please note that, due to the nature of Short Term Portfolio Management, this role will be required to work on a shift basis on rotation. The shift rota will include working during some weekends, bank holidays and nights. 

The role will be based in our Berlin office on Ernst-Reuter-Platz, and will include the following day-to-day responsibilities:    

• Upon joining, you will undertake our bespoke Short Term Portfolio Management training program, providing accelerated career knowledge and expert insights into European power and gas markets.  
• Working with the fundamental aspects of supply and demand in order to optimise portfolios and execute trades, including ownership of monitoring profit and loss.  
• Working in a fast-paced team environment whilst managing market and operational risks.  
• Undertaking regular project work when ‘off shift’ based on your skills and interests. Projects can be analytical, quantitative, operational or commercial.  

We are looking for people who are commercially minded and operationally diligent, with a keen interest in becoming experts within the world of commodities portfolio management and / or trading. As English is our 'company language', your English language skills will need to be fluent, both written and spoken, in order to successfully engage in these roles and complete the Short Term Portfolio Management Academy training program.  

In addition we believe the following attributes will best set someone up for success, and we will prioritise accordingly:  

• Knowledge of, and experience with, coding in Python. [Required, this will be tested during the interview process] 
• A University degree in Engineering, Mathematics or another quantitative subject.  
• Analytical and highly numerate approach, with strong attention to detail.  
• Demonstrable knowledge and thorough understanding of European power and / or gas markets.  
• Strong communication skills, with the ability to collaborate effectively across the Short Term Portfolio Management Team and the wider global business.  
• A proactive, pragmatic problem solver with a strong bias for action.  
• A positive and team-oriented mindset. 
• Ability to thrive in a fast-paced trading environment.