Energy Portfolio Optimizer

At Borealis, we make innovative plastic and base chemical solutions real. A more sustainable future is the heartbeat to everything we do. We are determined to be a leader on the trail to a truly circular economy. Our people and our culture are our greatest assets. For real. We value everyone's opinion and encourage you to speak up. We truly believe that you know best what works for you. Enhance your strengths with international learning opportunities and tools for your personal and professional growth. www.borealisgroup.com | www.borealiseverminds.com | careers.borealisgroup.com

Make it real.
About the role

Location: Belgium - Mechelen
Hours: Full-Time
Type of Contract: Permanent

Make It Real @ Borealis

Are you passionate about trading and energy? Do you possess strong negotiation and relationship-building skills? If so, we invite you to join our team as an Energy Portfolio Optimizer. This pivotal role is part of the Energy & Utilities team, embedded in the Business Unit Base Chemicals based in Mechelen (Belgium).

In this capacity, you will report to the Group Energy & Utilities Sourcing Manager and play a pivotal role in optimizing Borealis' comprehensive energy portfolio, including Power, Gas, CO2, and Green Certificates. Your responsibilities will involve developing innovative strategies to maximize asset value, hedging positions on the short- and medium-term horizon, and adhering to the company's risk strategy framework.


Your responsibilities include:


* Nominations - Manage and optimize the daily nomination process of physical power supply contracts, incl. intraday optimization
* Risk management - Manage & execute deals in power, gas, CO2 allowances & green power/CHP certificates, trading and hedging exposure with purchases/sales of financial swaps ensuring that the energy portfolio books remain in line with agreed risk mandates and strategy
* Flexibility - Proactively assess and implement demand-side management opportunities on an ongoing basis. Prepare business cases and implementation plans
* Projects - Support in the negotiation of (large) frame agreements for utilities or renewable energy projects in line with Borealis' strategy
* Tools & modelling - Asses the market trends and patterns to generate trading ideas, develop trading models and support tools with aim to optimize hedging and nominations strategies and exposure
* Market intelligence - Monitoring EU gas, power and CO2 emissions markets and other related commodities, analyzing technical and fundamental data and reporting on possible market development
About you


As Energy Portfolio Optimizer you have a Bachelor or Master degree in a relevant discipline with minimum 2-3 years' experience in energy or commodities trading (physical & financial instruments). You have a good understanding of hedging principles, risk management and affinity for trading. You have strong analytical capabilities, can absorb large amounts of data and take essential information out of it. Aside from being a good team player, you can work under certain stress and are open for change processes and projects. Finally, you should be fluent in both written and spoken English.
About Borealis and our offer


We are here for you! If you have any questions, please contact Maite Rosez, maite.rosez@borealisgroup.com. Please note that applications via e-mail will not be accepted since we are serious about protection of your personal data, so thank you for applying online.

We offer a role specific compensation and a competitive salary and fringe benefit package reflecting your profile, experience and the specifics of the country/location you apply for.

We reserve the right to close this vacancy for further applications when we have received sufficient applications that meet the advertised requirements and will contact you as soon as screening is closed.

Borealis is one of the world's leading providers of advanced and sustainable polyolefin solutions. In Europe, Borealis is also an innovative leader in polyolefins recycling and a major producer of base chemicals. We leverage our polymer expertise and decades of experience to offer value-adding, innovative and circular material solutions for key industries such as consumer products, energy, healthcare, infrastructure and mobility. With operations in over 120 countries and head offices in Vienna, Austria, Borealis employs around 6,000 people. In 2022, we generated a net profit of EUR 2.1 billion. OMV, the Austria-based international oil and gas company, owns 75% of our shares. The Abu Dhabi National Oil Company (ADNOC), based in the United Arab Emirates (UAE), owns the remaining 25%. In re-inventing essentials for sustainable living, we build on our commitment to safety, our people, innovation and technology, and performance excellence. We are accelerating the transformation to a circular economy of polyolefins and expanding our geographical footprint to better serve our customers around the globe. Our operations are augmented by two important joint ventures: Borouge (with ADNOC, headquartered in the UAE); and Baystar (with TotalEnergies, based in the US). www.borealisgroup.com | www.borealiseverminds.com | careers.borealisgroup.com


Borealis only accepts candidate resumes from recruiters or recruiting agencies if they have been explicitly commissioned by Borealis for a specific recruitment and if the data is provided to us in line with the General Data Protection Regulation. Borealis will not accept or pay fees for candidate resumes of any form or kind that were sent unsolicited to either HR or directly to our hiring managers.

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