Commercial Asset Manager - Wind

Number of employees

3800

London, UK, United Kingdom

Posted on: 2023-03-17

Category: energy

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Expired

Employment type:

Full time

Experience required:

Intermediate

Salary

Salary not provided

About the company:

We're on a mission to make a big green dent in the universe by building a truly sustainable energy system globally.

That means making power greener, smarter, and more affordable for everyone.

We put customers at the heart of everything we do: with always-fair prices, transparency and outrageous customer service.

We drive system change: with transformative tech to make renewable energy the norm and end global reliance on fossil fuels.

Octopus Energy Group is made up of 10 businesses spanning 6 countries across 3 continents, including: Octopus Energy Retail, Kraken Technologies, Octopus Energy Generation, Kraken Flex, Octopus Electric Vehicles, and the Octopus Centre for Net Zero. More on OEG @ octopusenergy.group

Help us make a big green dent in the universe. We're on a mission to drive the global renewable energy revolution, and we need loads more people to help us make our vision a reality.

Octopus Energy Generation (OEGEN) 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, OEGEN has grown to become a leading investor in onshore wind throughout mainland Europe, the largest investor of solar power in Europe, and recently entered the offshore wind stage. We currently manage a global portfolio of over £6bn renewable energy assets.

The operational portfolio includes over three hundred energy generating companies, delivering revenue of more than £450m pa. The operational activities include wind farms, solar power parks, gas fired peaking generators and soon to be energy storage and hydrogen. The team is structured to support our rapid growth ambitions and long-term ownership of energy assets.

We are looking for a Commercial Asset Manager to take a commercial role in the management of Octopus Energy Generation's wind energy portfolio. The portfolio comprises 39 onshore wind farms across Europe, totalling over a 1GW of capacity. 

Working closely with the Senior Wind Commercial Manager you will advise and be responsible for the commercial and financial management aspects of the portfolio. You will be required to manage a range of outsourced partners and contractors to deliver the expected investment returns, resolve issues and de-risk the portfolio. The role will be London based with good flexibility for those wishing to work from home.

If this sounds like you then we'd love to hear from you.

Studies have shown that some groups of people, like women, are less likely to apply to a role unless they meet 100% of the job requirements. Whoever you are, if you like one of our jobs, we encourage you to apply as you might just be the candidate we hire. Across Octopus, we're looking for genuinely decent people who are honest and empathetic. Our people are our strongest asset and the unique skills and perspectives people bring to the team are the driving force of our success. As an equal opportunity employer, we do not discriminate on the basis of any protected attribute. Our commitment is to provide equal opportunities, an inclusive work environment, and fairness for everyone.


What you'll do

  • Manage and oversee financial performance across the wind portfolio, ensuring delivery of accurate and reliable financial data from the various finance teams working across the portfolio
  • Lead the wind interface between fund management and asset management teams across a variety of financial processes including asset valuations, fund reporting, budgeting and investment assumptions
  • Supporting delivery of commercial strategy and contract management across the wind portfolio
  • Drive issue resolution incl. commercial decision making and getting approvals from the relevant investment committee as appropriate
  • Maintain and enhance the risk monitoring framework and identify any issues, resolving them in a timely fashion
  • Work closely with investment teams to identify contractual and/or commercial risks and opportunities with new deals, in the process preparing the asset management teams for asset on-boarding 
  • Work closely with wider commercial and technical teams to monitor and optimise performance throughout the life cycle of plants; gathering and managing detailed data for the portfolio companies
  • Review and critically analyse the management accounts of the project companies, reporting any issues to senior management and approving write offs as necessary
  • What you'll need

  • A financial background, familiar with accounting principles, asset valuations and financial models - in the context of wind is ideal
  • An ability to perform project appraisal using several methodologies, including NPV, cost/benefit and IRR analysis
  • Knowledge of wind market, including experience of typical project contractual frameworks (including TSMAs, PPAs, BoP and OEM contracts), the regulatory environment and how the industry operates  
  • An ability to work under pressure to tight deadlines on multiple projects simultaneously
  • Flexibility and “can do” attitude
  • A willingness to train and support others
  • An ability to critically examine and question information from a variety of sources
  • Why else you'll love it here

  • Wondering what the salary for this role is? Just ask us! On a call with one of our recruiters it's something we always cover as we genuinely want to match your experience with the correct salary. The reason why we don't advertise is because we honestly have a degree of flexibility and would never want salary to be a reason why someone doesn't apply to Octopus - what's more important to us is finding the right octofit!
  • Octopus Energy is a unique culture. An organisation where people learn, decide, and build quicker. Where people work with autonomy, alongside a wide range of amazing co-owners, on projects that break new ground. We want your hard work to be rewarded with perks you actually care about! We won best company to work for in 2022, on Glassdoor we were voted 50 best places to work in 2022 and our Group CEO, Greg has recorded a podcast about our culture and how we empower our people. We’ve also been placed in the top 10 companies for senior leadership
  • Visit our UK perks hub - Octopus Employee Benefits
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