Sr. Portfolio Manager - Power

Job Title:

Sr. Portfolio Manager - Power

Contract Type:

Permanent

Time Type:

Full time

Job Description: Job Title

Sr Portfolio Manager – Power (North America)

Role Summary

Gunvor is accelerating its presence in the Power sector, building a North American portfolio focused on thermal generation, energy storage, and structured offtakes. We are seeking a

Sr Portfolio Manager

to work closely with the Head of North American Portfolio Management – Power in executing energy management solutions across both owned and third-party assets.

The role will combine

commercial structuring, trading, and portfolio optimization

, with responsibilities spanning from structuring and pricing risk management solutions (HRCOs, battery tolls, load firming for data centers) to implementing energy management agreements and developing asset-backed trading strategies.

This is a unique opportunity to join at the

early stage of a platform build-out

, where the successful candidate will have high visibility, broad responsibilities, and significant impact.

Key Responsibilities Commercial Structuring & Energy Management

- Shape commercial assumptions for asset valuation models in support of M&A/Corp Dev processes.

- Lead the design and execution of Energy Management Agreements (EMAs) with third parties.

- Structure and negotiate risk management solutions, including:

- Heat Rate Call Options (HRCOs)

- Battery tolling agreements

- Load firming products (e.g., data center supply structures)

Trading & Portfolio Optimization

- Trade forward hedges (capacity, power, gas, emissions) linked to managed assets.

- Develop and implement asset-backed trading strategies to maximize risk-adjusted returns.

- Manage congestion rights, nodal spreads, and other products relevant to portfolio value.

- Proactively identify market opportunities to enhance the value of the portfolio.

Platform & Process Development

- Contribute to building Gunvor’s commercial and trading capabilities for power assets.

- Help establish pricing approaches, risk frameworks, and portfolio reporting.

- Coordinate with transversal teams (quants, risk, middle/back office) to ensure robust execution.

- Provide performance updates for internal stakeholders and external partners.

Candidate Profile

- 15+ years of experience in power trading, structuring, and portfolio management.

- Strong knowledge of North American power markets (ERCOT, PJM, MISO).

- Proven track record in asset-backed trading and structured products (tolls, HRCOs, battery structures, load firming, wind/solar PPAs).

- Experience managing portfolio hedging and commercial aspects of asset acquisitions or PE-backed investments.

- Ability to balance investor requirements with trading and portfolio value creation.

- Excellent communication skills, including board-level presentation and negotiation of commercial agreements.

Company Profile:

Founded in 2000, Gunvor Group is one of the world’s largest independent commodities trading houses by turnover, creating logistics solutions that safely and efficiently move physical energy from where it is sourced and stored to where it is demanded most. With strategic investments in energy infrastructure—refineries, pipelines, storage, terminals, mining and upstream—Gunvor further generates sustainable value across the global supply chain for its customers.

Gunvor has more than 1,600 employees and it maintains offices in Geneva, Singapore, Shanghai, Dubai, Nassau, Amsterdam, and numerous other locations, with new offices planned in strategically relevant markets. The Houston office opened in August of 2016 under the name Gunvor USA.

If you think the open position you see is right for you, we encourage you to apply!

Our people make all the difference in our success.