Octopus Renewables - New Asset Manager Octopus Renewables - New Asset Manager …

Octopus Investments
in London, United Kingdom
Permanent, Full time
Last application, 26 Nov 20
Competitive
Octopus Investments
in London, United Kingdom
Permanent, Full time
Last application, 26 Nov 20
Competitive
Octopus Investments
Octopus Renewables - New Asset Manager
Company Description
Octopus is a group of companies which invests in the people, ideas and industries that will help to change the world.

We believe that the companies serving two of our most important needs - our financial wellbeing and our planet's future - are failing. And we want that to change. We want everything we do, whether that's in financial services or energy supply, to have a positive impact on the people it touches.

In our financial services business, we care as much about the impact our investments have, as we do about the returns that we generate for our investors. We manage more than £9.1 billion* on behalf of retail and institutional investors, specialising in renewable energy, real estate, smaller company and venture capital investing.

Our energy supply business - Octopus Energy, is one of the fastest growing companies in the UK. It has grown from start-up to more than 1.7 million customers over the last four years and is now the #1 rated UK energy supply business, and the only one to be recommended by Which? three years in a row.

Octopus Energy, Octopus Giving, Octopus Investments, Octopus Renewables, Octopus Real Estate, Octopus Ventures, Seccl Technology and Octopus Wealth are all part of Octopus Group. Visit www.octopusgroup.com


Job Description
Octopus Renewables

Octopus Renewables sources, invests in, and actively manages a wide range of utility scale energy assets. We are looking to expand our team as we continue to scale our investments base.

Since entering the renewables market in 2010, Octopus Renewables has grown to become the largest investor of solar power in Europe, and a leading investor in onshore wind. We currently manage a global portfolio of over £3bn renewable energy assets. The operational portfolio includes over 300 energy generating companies, delivering revenue in excess of £250m pa. The operational activities include solar power parks, wind farms and gas fired peaking generators.

Our energy investment and asset management team of c.70 professionals is one of the largest and most experienced in Europe. The team is structured to support our rapid growth ambitions and long-term ownership of energy assets.

About the role

We are looking for an experienced Asset Manager to take a key role in managing the assessment of the technical and contractual parameters of new acquisitions and managing new assets through the transaction process and onboarding them into the Octopus Renewables' portfolio.

Reporting to the Solar Asset Director in the Octopus Renewables Asset Management team, she/he will advise and be responsible for the management of new deals as they are onboarded in the operational portfolio. She/he will be required to manage a range of stakeholders to ensure each project meets the necessary standards required and allow for the smooth transition of new assets into the operational portfolio. The role will be London based with travel to Europe required on occasion.

Whilst we are looking for a permanent appointment we will consider fixed term contract. Please advise in your covering note whether you are looking for a permanent or fixed term contract.

Outline of responsibilities

  • Work closely with investment teams to identify contractual and/or commercial risks with new deals, in the process preparing the asset management teams for asset on-boarding

  • Development and management of due diligence tools and the asset risk register throughout the process.

  • Manage asset management team engagement in the process, ensuring appropriate procedures are in place to allow for the efficient assessment of new projects

  • Maintain and enhance the risk monitoring framework in place, designed to identify any issues early and resolve them in a timely fashion

  • Design and implement processes to provide necessary rigour and enable appropriate technical and commercial input from the asset management team. Including stage-gate and checklist creation and management

  • Review contractual structure on new deals to ensure deals are appropriately structured for ongoing operational management of the assets

  • Management of relevant technical advisors throughout the process to ensure scope is focused on critical risks

  • Perform initial risk assessments of new counterparties through a pre-qualifying questionnaire process

  • Summarise key areas of risk in new deals to senior management to support investment process

  • Prepare new assets for onboarding into the operational portfolio, including dataroom creation and management, system preparation and awareness of key personnel

  • Support internal Octopus fund reporting


Qualifications

  • Good experience of renewable energy industry, with a particular focus on solar

  • Significant knowledge of typical project contractual frameworks (including SPAs, PPA, O&M and EPC contracts), the regulatory environment and how the industry operates

  • Ability to work under pressure to tight deadlines on multiple projects simultaneously

  • He/she will be an excellent communicator at all levels, particularly when translating technical information for non-technical teams.

  • Flexibility and "can do" attitude

  • Willingness to train and support others

  • Able to critically examine and question information from a variety of sources

  • High commercial and numerical acumen


Additional Information
Our Values and DNA

At Octopus we don't just focus on what we do but also how we do it. Everyone shares our values of being straightforward, helpful and bold. And while these are the principles that guide us as an organisation, our DNA goes even further, by revealing our inner strength:

We are loyal: we fully buy-in to the company's vision and believe in everything that Octopus stands for. We are respectful: we live and breathe the Octopus values of being helpful, straightforward and bold. We are resilient: we have an inner strength that means we never give in We are intellectually curious: we seek to understand how the world works and we're always learning, adapting and improving We understand who our customers are: and because we know them really well, we always give them our very best.

What we offer

Octopus has built an exciting and inclusive high-performance culture where employees feel empowered. This means we welcome discussions around flexible working hours. We also understand the value of diversity, and we have a team dedicated to promoting gender, ethnic, socio-economic, LGBT and disability equality, to make sure we back up our words with actions. All Octopus employees are given the opportunity to develop new skills, aim higher and accelerate their careers.
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