Job Overview

The Director of Energy Trading provides strategic and operational leadership for the Company’s power trading activities, driving maximum value from renewable generation and Battery Energy Storage System (BESS) assets within established risk and regulatory parameters. Combining high-level strategic vision with deep expertise across spot, Day-Ahead, Intraday, balancing, wholesale, and cross-border markets, the Director holds end-to-end accountability for desk P&L performance, portfolio profitability, asset monetization, and the deployment of advanced algorithmic and AI-driven trading capabilities.

Key Responsibilities:

Trading Strategy & Execution

• Spearhead and execute electricity trading strategies across spot, Day-Ahead, Intraday, and long-term power markets in Bulgaria and internationally.
• Lead and actively oversee short-term trading operations, ensuring high-precision execution across continuous and auction-based Intraday markets.
• Continuously analyze and capitalize on electricity price movements, generation/demand forecasts, grid constraints, and market liquidity dynamics.
• Drive revenue optimization through active, integrated portfolio management across renewable generation and storage assets.
• Lead participation in PPAs, bilateral transactions, wholesale power trading, and cross-border market opportunities.
• Manage and optimize the portfolio of environmental commodities, including Guarantees of Origin (GOs).

BESS Optimization & Monetization

• Define and execute monetization and dispatch strategies for BESS assets across Day-Ahead, Intraday, balancing, and ancillary service markets.
• Optimize battery dispatch protocols, systematically balancing market spreads, imbalance exposure, state-of-charge constraints, cycling economics, and asset availability.
• Maximize the combined commercial value of renewable generation and battery storage through fully integrated trading strategies.

Algorithmic, AI & Trading Technology

• Champion the implementation of automated and algorithmic trading strategies leveraging advanced forecasting models, real-time market data, and AI/ML capabilities.
• Leverage ETRM and quantitative trading platforms to improve execution quality, forecasting accuracy, and portfolio decision-making.
• Rigorously refine trading models and algorithms based on quantitative performance analytics, back-testing, and evolving market dynamics.
• Evaluate and deploy cutting-edge technologies that solidify the Company’s competitive advantage in short-term power trading and storage optimization.

Trading P&L & Risk Management

• Hold full accountability for trading P&L and overall portfolio performance, consistently delivering against approved risk-adjusted profitability targets.
• Establish, monitor, and enforce robust trading limits, risk controls, and performance metrics across the desk.
• Identify, quantify, and mitigate market, price, volume, imbalance, liquidity, credit, and regulatory risks.
• Drive continuous enhancement of risk management infrastructure, quantitative tools, and governance frameworks.

Market Analysis & Regulatory Compliance

• Monitor and evaluate broader market trends, regulatory shifts, carbon pricing, grid developments, and technological innovations impacting the energy landscape.
• Ensure full compliance with national and regional power trading regulations, REMIT, and market reporting requirements.
• Partner with Legal and Regulatory teams to anticipate rule updates and proactively adapt trading operations.

Leadership & Stakeholder Management

• Build, mentor, and scale a high-performing team of traders, quantitative analysts, and portfolio management professionals.
• Collaborate cross-functionally with Operations, Finance, Legal, IT, and Asset Management to align commercial execution with overarching corporate objectives.
• Communicate trading strategy, P&L metrics, risk exposure, and commercial growth opportunities effectively to Senior Management and Shareholders.
• Design and propose performance-based incentive structures aligned with trading P&L and corporate strategy, subject to executive approval.

Requirements:

• Experience: Minimum 3–5 years of senior-level experience in electricity trading or energy portfolio management.
• Spot Market Expertise: Proven hands-on track record in physical power spot trading, specifically Day-Ahead and Intraday markets (essential).
• Storage Monetization: Demonstrated expertise in BESS trading, optimization, and dispatch strategies across short-term power markets.
• Financial Ownership: Proven full accountability for desk P&L, portfolio profitability, and risk governance.
• Market Dynamics: Deep understanding of balancing markets, imbalance settlement, and ancillary services.
• European Power Markets: Strong knowledge of European energy trading (preferably SEE/CEE regions), including cross-border capacity allocation and trading.
• Renewable Portfolios: Experience managing integrated renewable-plus-storage asset portfolios.
• Leadership Track Record: Demonstrated experience in building, scaling, or transforming a power-trading function.
• Commercial Advantage: Experience in wholesale trading, origination, PPAs, and structured energy products is considered a strong advantage.

We Offer:

• Strategic Impact: The successful candidate will lead the trading desk and actively design the commercial model for Sunterra Energy Trading's next growth phase.
• Environment: A highly dynamic, professional, and entrepreneurial trading setting.
• Growth: Continuous opportunities for executive development and strategic business expansion.
• Remuneration: Highly competitive executive compensation package, including performance-aligned upside.

All applications will be treated with strict confidentiality and processed in full compliance with applicable data protection legislation.

As a Energy Trader you will be responsible for the monitoring of the market exposure, preparing daily and monthly reports and supporting the Companies commercial activities.

Responsibilities:

• Monitoring of daily processes related to forecasting, scheduling, trading and price data collection and processing.
• Monitoring of the process of receiving metering data from SCADA in real time
• Assisting in implementation of renewables plants in software applications/ETRMs
• Offering measures for optimizing the trading processes
• Creating and submitting orders to the SEE spot markets (Day-ahead and Intraday segments) based on forecasted production updates.
• Monitoring of the meteorological conditions in the regions where the production plants are located and updating the production forecasts.
• Creating and submitting trading and production delivery schedules to the SEE and TSOs (TPSs and PPSs)
• Regular monitoring of balancing markets in SEE where the company operates, including balancing prices, system imbalance, regulation, and direction, etc. in order to prepare strategies for optimizing the trading positions and the costs of imbalance of the company and the participants in its balancing groups.
• Preparation of monthly settlement reports and ad-hoc reports for imbalances and balancing costs.
• Analysis of forecast and actual market and power generation data.
• Receiving and reviewing O&M reports (incl. planned/unplanned outages and significant production decrease)
• Monitoring the market exposure and sending requests for collaterals amounts increase.
• Monitoring EU level regulations and local legislation changes
• Supports the companies commercial activities and licensing processes.onitoring of daily processes

Qualifications and skills:

• College/university degree in Engineering and/or Economics
• Knowledge of renewable energy markets is advantageous
• 1+ year experience in the energy sector and energy trading is required
• Fluency in English is essential
• Good knowledge in programming in Python will be an advantage.
• Strong analytical and numerical skills
• Proficiency in using Excel, Word and Power-Point is advantageous
• Detail-oriented

Personal Attributes:

Results-oriented and goal-driven.

• Ability to work independently and as part of a cross-functional team.
• Strong problem-solving skills and adaptability.
• Passion for sustainable and clean energy solutions

We offer:

• Professional Development;
• Work in a young, energetic and motivated team of professionals;
• You'll be part of the change and a sustainable future: Your work will make a difference for our planet.
• Attractive remuneration;