Octopus Renewables – New Asset Manager

London, UK
Full-time

Company Description

At Octopus we’re transforming the industries we operate in and improving the lives of millions of people. We’ve built market-leading positions in a number of specialist sectors, including smaller company financing, renewable energy, healthcare and property finance. We employ in excess of 800 people and manage more than £9.1 billion on behalf of more than 50,000 investors. Our products don’t just help real people solve real life problems, they also make a positive impact on the world around us.

The Octopus Group incorporates Octopus Energy, Octopus Renewables, Octopus Real Estate, Octopus Investments, Octopus Ventures and Octopus Labs. Our aim is to have an impact in everything we do, and to make a vital contribution to the UK economy by helping people, companies and institutions generate wealth. And we’re always on the look-out for smart, talented people who share our values.

Job Description

About the Role

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.

Location