Professional Fundamental Analyst

Vattenfall is a European energy company with approximately 20.000 employees. For more than 100 years we have electrified industries, supplied energy to people’s homes and modernized our way of living through innovation and cooperation. We are looking for talented individuals who, in addition to their passion for their own role, also have strong team spirit and want to contribute to supporting a meaningful corporate mission.

Right in the heart of Vattenfall, at Business Area (BA) Markets , you will find an inspiring international environment, with a culture of care and personal growth, enabling you to be who you are, having fun, building strong relationships and learning every day. Find out what our colleagues think about our culture:

We employ around 500 professionals who are active across Europe with offices in Sweden, Germany, The Netherlands, and the United Kingdom to drive the energy transition together. Our role in Vattenfall is to maximize the value of the overall portfolio by optimizing and dispatching, hedging, and sourcing for Vattenfall's sales and generation volumes. We serve as Vattenfall’s single access to energy commodity markets and trade electricity, emissions, fuels, freight, and renewable certificates.

In BA Markets the mission of the Unit OU Operations is to drive the digital transformation. OU Operations consists of diverse and highly skilled employees from more than 20 countries. We work internationally from our locations in Stockholm, Hamburg and Amsterdam.

Job Description

At Vattenfall, we don’t just “do energy”, we exist to help our customers power their lives in ever climate smarter ways and free from fossil fuel within one generation. If you are looking for exciting challenges and the opportunity to be part of this change, then join our diverse and talented team and make a difference! 

The department, team, and job 

As part of the Analysis department, the Fundamental Analysis team develops models and analyses on power markets, deals and assets, following an Agile / Scrum process. We provide model-based forecasts of power prices and analysis of price drivers to support decision making in the traded market horizon and beyond. Our analysis is based on fundamental power forecasting models covering our core markets on the continent and in the Nordics. We believe that the decisions we help make enable fossil freedom that drives society forward. 

The position is located in Hamburg as part of an international team of highly professional, skilled analysts, located in Hamburg and Stockholm. 

What you will do: 

MODELS: Development of our mid-term fundamental power price model. 

• Improve our forecast by adapting our model to evolving electricity markets, such as producing better and dynamic assumptions for inputs such as electricity demand, stack, solar and wind production, etc.. 
• Develop new model features according to stakeholder requirements. Examples could be improving the PPA pricing methods, or our weather modelling. 
• Improve model architecture to make more efficient use of the cloud infrastructure Improve model architecture to make more efficient use of the cloud infrastructure and optimize code and data integration. 

ANALYSIS: Use the model for simulation runs to answer valuation and ad-hoc questions. 

• Provide market insights to support decision making for RES PPA pricing, project valuations (especially wind and battery projects), flex calculations, etc.
• Investigate ad hoc scenarios to estimate their market price impact and the consequential impact on for example the Vattenfall asset portfolio.
• Enable profitable trading strategies through providing fundamental analyses.

Qualifications

We are looking for someone with:

• Ambition and the belief that collaboration in an Agile/Scrum environment yields high performing teams, and willingness to work through and harness the potential conflict that can arise. Experience working in an Agile / Scrum environment is ideal.
• The belief that working in an environment enabled by our core values of being Active, Open, Positive and Safe, helps us enable fossil freedom that will drive society forward.
• High computer literacy, in particular programming skills in Python. An eagerness to constantly improve your own and our drive collective coding and infrastructural standards. Experience collaborating using git/DevOps is appreciated. Preferably with experience with cloud (Azure) computing and databases.
• A sound understanding of Central and Western European (especially Dutch and German) energy markets is advantageous, and a strong willingness to learn more about it is imperative.
• An understanding of quantitative methods, power modelling, and/or mathematical optimization, especially using Gurobi is beneficial. Experience doing fundamental analysis using an energy market simulation tool such as BID3 is ideal.
• High computer literacy, in particular programming skills in Python. Experience collaborating using git/DevOps is appreciated. Preferably some experience with cloud (Azure) computing and databases.
• An academic degree in engineering, mathematics, or similar, would be preferred. Ideally with courses in energy systems modelling.
• Fluency in English.
• Willingness to travel a few times per year, for example to Sweden for a team event, or for a training.

Additional Information

We offer:

• A welcoming work climate with flat hierarchies, appreciation for own initiative, open discussion culture and zero-tolerance for harassment.
• An international and multi-cultural work environment where we believe diverse perspectives make us stronger.
• A dynamic and challenging working environment where constantly changing markets translate to evolving customer requirements.
• Being part of the Analysis community, where we eagerly share knowledge and ideas regarding a wide range analytical topics relevant to the electricity market, such as how to implement FBMC in the midterm and how to employ AI to be more effective.
• A flexible and supportive work culture, in an Agile setting without micro-management, where you as a team are trusted to be the specialists on how to do your work.
• Opportunities and support for professional growth. For example, the encouragement to do internal rotations to broaden your horizon.
• Flexible working hours, including working remotely up to half of the time per week.

More information
We welcome your application in English, no later than 27th of July 2025 . We kindly request that you do not send applications by any means other than via our website as we cannot guarantee that we will be able to process applications that are not made via our website.

For more information about the recruitment process you are welcome to contact our Recruiter Jil Ungethüm via phone at +49 40 79022 1378.

At Vattenfall we are convinced that diversity contributes to build a more profitable and attractive company and we strive to be good role model regarding diversity. Vattenfall works actively for all employees to have the same opportunities and rights regardless of gender, ethnicity, age, transgender identity or expression, religion or other belief, disability or sexual orientation.

The security of Vattenfall and its employees is essential. For that reason, a pre-employment screening will be part of your recruitment process. The screening is based on the role you will fulfill within Vattenfall. The screening will be performed by a third party, called DISA. In addition, a certificate of good conduct (i.e. criminal record certificate) is required for certain positions.

We look forward to receiving your application!