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 over 500 people and manage more than £6 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 Healthcare, Octopus Investments, Octopus Property, 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.
About the role:
We are looking for an experienced Asset Management Director to manage an expanding international portfolio of solar and wind farms. The portfolio, which includes one of the largest in the UK, is owned by investors in Octopus managed funds or companies, primarily as a long term hold. The assets are valued in excess of £2Bn and generate EBITDA of c.£120m on revenue of c.£160m. P&L responsibility for the portfolio sits with the Asset Management Director.
The Asset Management Director has a team of 15 and is a senior position within Octopus Energy Asset Management (OEAM), which is responsible for the all aspects of energy assets (total value £2.6Bn) once they have been acquired, as well as on-going funder management and reporting. Octopus’ ambition is to significantly grow the portfolio both in the UK and abroad as well as potentially expanding to new technologies such as off-shore wind. The Asset Management Director is expected to be an Investment Committee member and his/her team will also support the due diligence and onboarding of new assets.
The wind and solar assets are held in SPVs that have no staff and, though much of the day to day operations and accounting is outsourced, the Asset Management Director is accountable for all technical, commercial and financial aspects of the assets and the companies that own them, as well as defining and driving the asset management strategy for the portfolio. Driving maximum financial and operational performance whilst minimising risk across the portfolio requires robust, open, honest and effective management and collaboration with outsourced partners and the ideal candidate will have demonstrable expertise in this area.
The ideal candidate will have extensive Wind industry commercial experience. They will be comfortable operating at C level and will be passionate in their ownership and accountability for the portfolio they manage.
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