Portfolio Manager Octopus Renewables

Job Description

Company DescriptionOctopus is a group of companies which invests in the people, ideas and industries that will help to change the world.We believe that the companies serving two of our most important needs - our financial wellbeing and our planets future - are failing. And we want that to change. We want everything we do, whether thats in financial services or energy supply, to have a positive impact on the people it touches.In our financial services business, we care as much about the impact our investments have, as we do about the returns that we generate for our investors. We manage more than £9.1 billion* on behalf of retail and institutional investors, specialising in renewable energy, real estate, smaller company and venture capital investing. Our energy supply business - Octopus Energy, is one of the fastest growing companies in the UK. It has grown from start-up to more than 1.7 million customers over the last four years and is now the #1 rated UK energy supply business, and the only one to be recommended by Which three years in a row.Octopus Energy, Octopus Giving, Octopus Investments, Octopus Renewables, Octopus Real Estate, Octopus Ventures, Seccl Technology and Octopus Wealth are all part of Octopus Group. Visit octopusgroup.com. Job DescriptionThe Brand: Octopus Renewables is a leading specialist renewable energy investment manager for retail and institutional clients. We currently manage investments in energy generating assets valued in excess of £3.4 billion. The assets we invest in and manage are across a range of geographical locations and include solar power parks, wind farms, reserve power plants (gas fired generators), biomass and landfill gas projects as well as anaerobic digestion systems. Our mission is to accelerate the transition to a future powered by renewable energy. About the role: We are seeking a Portfolio Manager to join the Octopus Renewables Fund Management and Operations Team, reporting to the Fund Management and Operations Director. For your assigned portfolios, you will be responsible for the quality and delivery of all fund management processes which includes Investor (Equity) and Lender (Debt) Management. You will have at least one direct report, a portfolio associate. In this role, you will use your experience and skills to deliver accurate and quality outputs for existing and new investors whilst seeking to continuously improve our fund management processes. This is an exciting opportunity work with the Fund Management and Operations Director to build a platform for growth, ensuring that that we can onboard and manage £bns of assets over the next 5 years. Core responsibilities will include: • Fund structuring and onboarding: You will work with the Fundraising team to understand the needs, structure and mandate of new investors and support in the provision of information during fundraising processes. Alongside the funds finance team, you will establish appropriate governance, processes and procedures to manage new funds on an ongoing basis (e.g. drawdowns, portfolio models and NAV calculations, distributions, client reporting). Working with relevant 3rd party service providers, you will ensure that funds are managed with robust controls and that the needs of investors are met efficiently and effectively. You will have efficient processes to onboard new investments quickly into your funds. You will build a strong relationship with the relevant Product Heads and the transactions team. • Investor relationship management: You will understand the requirements and needs of investors within a fund and apply commerciality to our fund management processes, working alongside the appropriate Product Head. You will establish relationships with the investors and be a first point of call of inbound investor queries and deliver excellent customer service to them. You will oversee the creation of investor deliverables that we are proud of with insightful and thoughtful KPIs and narrative, integrating ESG and impact. You will lead on any operational due diligence requirements for the fund. • Fund, Equity and Debt Modelling: You will proactively monitor and have oversight of the funds and all underlying assets through equity and debt financial models. You will deliver accurate and timely quarterly valuations through benchmarking, transactions data, undertaking detailed assumptions reviews and checking outputs from financial models delegated to the portfolio associate. You will challenge, oversee and explain investor returns, valuations, track record and other fund KPIs, working collaboratively with other teams, ensuring accurate data and informative forecasts. You will be an experienced modeller and will look to innovate and optimise our modelling approach, seeking opportunities for consolidation, simplification and automation whilst mitigating risk. • Risk Management: You will ensure that your fund is governed correctly, ensuing that the appropriate information is provided to enable decision making / focus on key issues. You will understand the key risks associated with the portfolio (WEP, FX, Economic, Asset Level, HSE, ESG) putting in place suitable policies and working collaborative with teams ensure that appropriate mitigation strategies are in place. A core focus will be on FX hedging strategy and derivative management. QualificationsIdeally, youll have some or all of the following qualifications, skills and job-related experience

Previous experience of working in the renewables sector with an in-depth knowledge and skillset in renewables cash-flow modelling and debt modelling

A good understanding of fund management processes for debt and equity across investment trusts, listed funds and partnerships

You should understand how derivative products can be used for the purposes of efficient portfolio management, including the processes for ongoing management of those

Experience of fund structuring and set up with understanding of the requirements of different structures would be advantageous

Experience of leading the production Interim and Annual reports

Excellent financial acumen, CFA qualification considered advantageous

Experience of improving / automating processes using technology

And to really stand out from the crowd, you will display the following qualities and characteristics: Thrive in a fast moving business, able to see solutions where others see problems, passionate about improving processes, models and customer outcomes. Excited, not overwhelmed by a challenge.<