Investment Director – Octopus Australia

South Yarra, AU
Full-time

Company Description

This is an opportunity to join the Octopus Australia business, as we spread our tentacles across renewable energy investments throughout Australia and beyond. The successful applicant will be a senior member of the Investment team and be part of a fast growing, dynamic and energetic business, shaping the energy transition in Australia.  And helping us to build an enviable portfolio of renewable assets for our investors

About Octopus

Octopus Group is one of the largest owners of renewable energy projects in Australia and Europe.  It owns some 260 assets, on behalf of wholesale and institutional investors. Domestically, Octopus Australia is responsible for managing over $1 billion of assets for local and international investors.

Octopus Australia mission is to accelerate the transition to a future powered by renewable energy. As a specialist renewables manager, we believe there is a huge opportunity to unblock investment in renewables by building a bespoke portfolio of multi – technology renewables assets in Australia.

We have invested in the 333 MWDC Darlington Point Solar Farm – the largest so far connected to the grid in Australia – and the 180MW Dulacca Wind Farm. We also have a strong national pipeline of projects across solar, wind, battery storage and hydrogen opportunities. 

Our local team has extended its on the ground presence, with 30 dedicated energy professionals across a broad range of expertise including funds management, investment, development, engineering, energy markets, and asset management.

We have a team of 30 across Melbourne, Sydney, and Auckland.

Job Description

About the Role

We are looking for an Investment Director as a senior role within the Investment team, reporting to the Head of Investment and Development at Octopus Australia. This role will be pivotal in shaping both the Octopus Australia portfolio as well as the energy transition in Australia.

As a senior member of the transaction team, the successful candidate will have a broad mandate to help deliver on origination, M&A and deployment ambitions across all renewable technologies.  The successful candidate will be expected play an active role on this broader strategy including originating and delivering investments across different technologies and jurisdictions where required.

You will be a forward-thinking person who is inquisitive in nature and is comfortable working in the detail and pivoting to a portfolio view.  Just as important as what you achieve in this role, is how you perform the role. We’ll need you to be an engaged team member, who can cross pollenate your M&A knowledge and capabilities into an investment and development world with both internal and external stakeholders. Be ready for a dynamic work environment, with a start-up mindset. You’ll be encouraged and supported to be bold in your thinking and leadership, whilst being a helpful colleague to those around you.

Our Melbourne office is based in South Yarra, and just a stone’s throw from the train station. Our Sydney office is in the CBD.   Flexible working arrangements are typical at Octopus with the team working from both home and office over the working week.

Essential Job Functions

The successful candidate will be expected to be able to demonstrate the following:

  • Renewable Energy Industry; Comprehensive understanding of the Australian industry and energy markets including opportunities for growth for our renewables portfolio considering key market challenges, myriad of stakeholders and dynamic regulatory frameworks;
  • Deal execution; A proven track record of originating and executing complex energy transactions end to end, including both operating and development phase.  Ability to lead negotiations, remain calm under pressure and maintain deal momentum to close. An ability to understand risks, reach a balanced appraisal of probability and severity and build workable risk mitigation strategies.
  • Network; Established extensive network within the Australian renewable energy industry and associated advisers;
  • Leadership; Acting as a role model across the business and to external parties for Octopus values. Ability to think strategically to support the growth of the Octopus business.
  • Team management; Experience managing and mentoring a small team of high performing professionals to achieve business objectives;
  • Debt Financing; Familiar with project finance processes and ability to ensure key areas of bankability concern are addressed within transaction structures;
  • Investment Committee/ Board Reporting; Very strong communication skills and proven ability to effectively present ideas to senior management and at a Board level

Qualifications

Job Specific Experience/Technical Skills/Abilities

Outline of skills/experience required

  • Prior (8yrs+) relevant experience ideally in a utility, IPP/ developer, investment bank, private equity house, or in a corporate finance team of one of the big 4 accountants
  • Professional financial qualifications (accountancy, CFA/CA) and/or MBAs desirable but not essential.
  • Eligibility to work in Australia – visa sponsorship is not offered.
  • Core finance related business skills required:
    • A commercial mindset, able to own investment decision making and understand the impact of these decisions on potential investments.
    • Exceptional written and verbal communication.
    • Exceptional project management and organisational skills. The role will require management of complex and regularly changing workloads and priorities in a fast-paced environment.
    • Understanding of legal concepts, particularly those relating to contracts for the acquisition, construction and management of renewable energy projects.
    • Understand valuation, risk analysis and complex financial modelling.
  • Ability to communicate with and influence a broad range of individuals, ranging from team members, project developers, landowners, project finance teams, lawyers, technical advisors, policymakers, the Octopus investment committee members and potential investors. The ability to tailor the communication content and style to the needs of the recipient will be important.
  • A strong team player with the confidence to exercise judgement appropriately, challenge and liaise with colleagues at all levels of seniority.
  • An ability to focus on the ultimate customer (the investors who trust us with their money) in all aspects of the role is essential.
  • Experience of working in a start-up environment would also be beneficial.
  • A self-starter with tenacity, initiative and a willingness to commit whatever it takes to deliver the required results.

And to really stand out from the crowd, you will display the following qualities and characteristics:

  • Self-motivated with the ability to work in a fast paced environment with limited oversight
  • Must be curious and seek to learn whilst also supporting the development of others
  • Communicates in a straightforward way, effective at giving feedback while open to receiving it
  • Able to find and create opportunity, believes anything is possible and has the drive and self believe to deliver it.

Additional Information

What we offer

💰  A competitive salary, bonus, share incentive plan
✈️ Take what you need holiday
🏡 Flexible working 
👪 Enhanced family leave policies

Octopus has built an exciting and inclusive high-performance culture where employees feel empowered. This means we welcome discussions around flexible working hours or part time work. 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.

Octopus culture

Our culture is critical to our success and is built around three principles that underpin how we pursue our goals.

  • Straightforward – Consistently clear and straightforward communications with everyone that you work with.
  • Helpful - Assist teammates and wider colleagues to reach and exceed their business targets. Get stuck in and demonstrate you have the passion to make a difference at Octopus.  Manage your own mood positively and act with humility, transparency and integrity in all that you do.
  • Bold - Identify, develop and implement fresh ideas that demonstrate commercial insight and contribute to greater success at Octopus.