Product Manager-Power Markets

Job Description

Designation- Product Manager-Power Markets

Experience- 4-7 Years

Location- Noida Sector 125

We are looking for a Product Manager with strong end-to-end product management capabilities, including

requirement gathering, product roadmap creation, feature prioritization, stakeholder alignment,

sprint/development tracking, testing, UAT, release planning, deployment, implementation and product

onboarding.

The role requires strong experience in preparing PRDs, user stories, functional specifications, product

documentation, solution documents and presentations, while working closely with engineering, QA,

business and customer teams. The candidate should also be capable of driving market analysis, competitive

benchmarking, product enhancement and new product/feature evaluation.

Experience in Power Utilities, Power Procurement, Energy Markets, Power Exchanges, Open Access,

Bilateral procurement and C&I customers is preferred, along with exposure to demand forecasting, market

forecasting and statistical/ML-based forecasting models.

Do you want to be a part of enabling the next wave of innovation in communication protocols, building

sensors and cutting-edge hardware?

Does working with IoT devices, sensors, wearables, controllers which can seamlessly merge the digital

world with the physical world around us interests you?

Who we are?

We are working on IoT solutions that can be used to solve massive scale problems by connecting things

to people.

As a company we are digitizing the electricity distribution grids to bring down network losses and ensure

that electricity reaches every household.

We do this by building sensors, controllers, low power edge devices, connect and manage multiple sensors

with our ecosystem.

We have been awarded as the Startup of the Year 2018 and our wireless technology in 2020, has been

awarded by India Smart Grid Forum, Government of India.

We have also been mentored by Cisco and Qualcomm in their startup accelerators.

We are a Venture Capital funded company and have raised our A1 round series in 2025.

We -

 Are a team of technologists from diverse backgrounds

 Obsess over design and product journey

 Obsess over our customer’s needs and experience

 Are owners. We love building new innovative technologies, and improving our existing ones

 Wear multiple hats. We enjoy the prototyping and tinkering stages, as well as the rigor of making

solutions production-ready

 Are fast-growing, agile and collaborative

You-

 Enjoy seeing the impact your work has on real customers

 Enjoy being a part of a creation that can shape the future of the world as we know it

 Enjoy working with the cofounders and the founding team of a growing startup

 Are comfortable in an agile environment and create order from ambiguity

 Are excited about the incredible opportunity connected products represent

 Build strong teams with others as passionate as you about this mission

 Take ownership and doing whatever it takes to get the job done

 Want to create applications at a massive scale used by millions of people

 Use data to make decisions and validate assumptions

 Learn from others and help grow those in your team to achieve their best

Our Culture –

Trust – We trust our team to the core in all their actions they perform in day-to-day work

Clear Communication- We are direct and succinct. We share information efficiently, improving

collaboration and productivity. We practice active listening.

Efficient execution- We have a bias for action. We complete high quality work quickly. We focus on 20 percent

of work that will get us 80% of the impact.

Act like an owner- We take 100% responsibility for achieving the mission. We seek to improve all aspects

of our company, even in ways that are not explicitly part of our job.

Continuous learning - We're humble, and value learning over being right. We embrace delivering and

receiving candid feedback and see every setback as an opportunity to learn.

Championship team - We are a winning team, not a family, and have high expectations for performance

and delivering results. We're stronger together so we choose to focus on what unites us, and not on what

divides us. We have an intense work culture and are regularly pushed out of our comfort zones. We should

continually earn employees' commitment and, likewise, expects employees to earn their seat at the

company.

During your time with Probus Smart Things

1. Product Management & Roadmap Ownership:

 Own and support the product lifecycle from requirement gathering and solution

conceptualization through development, UAT, deployment, and continuous improvement.

 Translate business, customer, regulatory, and power-market requirements into clear product

workflows, functional requirements, PRDs, user stories, and feature specifications.

 Support product roadmap planning, feature prioritization, sprint planning, release coordination,

and product enhancement initiatives.

 Work closely with business stakeholders to identify requirements and convert them into scalable

software capabilities.

2. Power Procurement & Energy Market Workflows:

 Define and support workflows related to demand forecasting, power procurement planning,

power-exchange bidding, bilateral procurement, scheduling, reconciliation, and procurement

analytics.

 Understand C&I power procurement requirements across DISCOM supply, Open Access, power

exchanges, bilateral procurement, renewable power, and captive/group-captive arrangements.

 Define business rules for procurement decisions based on demand requirement, market price,

available power sources, time blocks, procurement cost, and risk parameters.

 Support development of automated and semi-automated bidding workflows for Day-Ahead

Market, Real-Time Market, and other applicable market mechanisms.

3. Demand & Market Forecasting:

 Define functional requirements for customer load/demand forecasting and power-market price

forecasting capabilities.

 Coordinate with data science and engineering teams to identify forecasting model inputs,

expected outputs, validation methodology, and accuracy KPIs.

 Define business parameters such as historical demand, time-block consumption, weather

variables, operational patterns, market prices, and other relevant inputs for forecasting models.

 Track forecasting accuracy and support continuous improvement based on actual-versus-forecast

performance.

4. Automated Bidding & Procurement Optimization:

 Define configurable bidding rules covering bid quantity, bid price, time block, market selection,

price ceilings, risk limits, and procurement priorities.

 Support workflows for allocation of forecasted power requirements across market time blocks

based on market-price forecasts and procurement strategies.

 Define fallback and re-bidding scenarios across Day-Ahead Market, Real-Time Market, and

subsequent procurement cycles for uncleared quantities.

 Work with engineering and data teams to ensure automated bidding recommendations remain

within approved commercial and operational guardrails.

5. Regulatory & Market Understanding:

 Track developments in the Indian power-market ecosystem including IEX, HPX, PXIL,

DISCOMs, SLDCs, CERC, SERCs, and associated market processes.

 Assess the impact of regulatory changes, market-rule modifications, tariff structures, scheduling

requirements, and Open Access regulations on product functionality.

 Understand concepts including wheeling charges, transmission charges, banking, cross-subsidy

surcharge, additional surcharge, scheduling, deviation, and settlement mechanisms.

 Support incorporation of relevant regulatory and commercial calculations into product

workflows.

6. Customer & Stakeholder Management:

 Act as a liaison between customers, business teams, engineering, data science, UX, QA,

consultants, utilities, and other stakeholders.

 Engage with C&I customers to understand existing procurement processes, operational

challenges, cost optimization opportunities, and