• Associate Commercial Asset Manager (Solar, Italian Portfolio) - UK based

    Job Locations UK-London
    Job ID
    2018-1913
    # of Openings
    1
    Business Entity
    Octopus Energy Investments
    Category
    Octopus Energy Investments
    Type
    Permanent Full-Time
  • Overview

    We are looking for a Associate Commercial Asset Manager to support the management of a large portfolio of solar power companies based in Italy. Supported by the wider commercial asset management team and in-house technical and financial team, she/he will liaise closely with the outsourced providers to help drive financial and operational performance and resolve issues as they arise. With support of the wider team, she/he will be responsible for delivering accurate financial and operational information to Directors, funders and Octopus management, as well as supporting any investment transactions on the portfolio via, for example, responding to due diligence requests on the assets. The role will be based in London, occasional travel to site in Italy and to contractors offices (UK and Spain) will be required.

     

    The role will sit within the Octopus Energy Asset Management (OEAM) team. This team manages over 250 energy generating companies, currently valued in excess of £2.6Bn and delivering revenue in excess of £230m pa. The operational activities include solar power parks, anaerobic digestion systems (AD), wind farms and gas fired generators (also called Reserve Power, RP). The operational solar portfolio is the largest in the UK, accounting for 12.5% of the market, with a growing international presence.  The companies are owned by investors in Octopus managed funds or companies and do not have any direct employees.

     

    The role represents an excellent opportunity for a young renewable energy professional to join a highly motivated, supportive and collaborative team. It will provide an excellent grounding in both the solar and finance industries.  The role offers a comprehensive training and development plan, encompassing on the job mentoring, in-house specialist sessions and external training. Professional qualifications are also encouraged and supported where relevant. The exact training plan will be designed around her/his needs and development goals. 

    Responsibilities

    The Associate Commercial Asset Manager will:

    • Collaborate with the power plant operators to manage performance of the plants
    • Understand and summarise issues for commercial decision making
    • Review and report on revenue, expenditure and cash balances in project companies
    • Help update financial models for fund reporting and periodic valuation of the portfolio companies
    • Ensure compliance with project financing agreements (i.e. preparing regular budgets and operational reports)
    • Understand the risk monitoring framework in place, identifying and escalating issues in a timely manner
    • Monitor the deployments of funds for assets under construction and update construction budgets accordingly
    • Provide analytical and other support to the CAM team as needed
    • Assist with portfolio wide initiatives to optimise the existing assets, including assisting with project appraisal, due diligence and project financings
      • Responding to investor queries and preparation of external marketing information
      • Assist with on-boarding of new assets into the portfolio

    Qualifications

    The candidate will be well-educated and a quick learner. The candidate must be well organised with good prioritisation skills to manage both site specific and portfolio wide issues across multiple companies.  They will be numerate, have good commercial acumen and excellent interpersonal skills.

     

    Education & experience requirements

    • This role will suit an individual with 1-2 years experience in the solar industry looking to develop their commercial and financial skills
    • They will be fluent in both English and Italian
    • They will have a technical, mathematical or financial degree
    • They will have a good understanding of MS office, notably excel

     

    General attributes

    • Flexibility and a can do attitude
    • Team player
    • Excellent communication skills, both verbal and written
    • Willingness to learn and support others
    • Looking for an engaging role as part of an asset management career
    • Dependable and committed to meeting the teams objectives
    • Able to critically examine and question information from a variety of sources

     

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