Portfolio Associate/ Senior Associate - Development Portfolio Management Team
Octopus Energy · London, United Kingdom · 1mo ago
SeniorHybridSoftware Engineering
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 many more people to help us make our vision a reality.
Octopus Energy Generation (OEGEN) is a leader in sourcing, investing in, and managing a wide range of utility-scale renewable energy assets. As we continue to expand our investment base, we are dedicated to building a diverse team that reflects the communities we serve. Currently, we manage a global portfolio of over £8 billion in renewable energy assets.
We are committed to delivering best-in-class responsible investment activity, offering like-minded investors the means and products to invest their capital sustainably. It is our ambition to change the entire energy lifecycle and make every green electron matter, delivering the best outcomes for customers, investors, the environment and society, accelerating the transition to net zero.
About the role
The Development Portfolio Management Team at OEGEN is responsible for delivering our development investments and works hand in hand with developers to deliver on the investment cases in changing commercial and market dynamics.
This role will play an investment-led role in the active management of a portfolio of renewable energy development platforms.
The role will focus on financial modelling, investment appraisal, portfolio performance, capital allocation and the preparation of high-quality materials for investment committees, boards and other decision-making forums.
Working across the Portfolio team, internal specialist functions and portfolio company management teams, you will assess development progress, funding requirements, project economics, valuations and material risks across the portfolio.
The role will initially focus on analytical and investment work across multiple platforms rather than independent ownership of individual portfolio companies. Responsibility will increase over time as the individual develops their knowledge of the portfolio and demonstrates strong investment judgement.
What you'll do
- Development Platform Modelling: Build and maintain financial models for development platforms and project portfolios, evaluating IRR, downside scenarios, and capital needs.
- Development Economics: Assess how shifts in development timelines, project capacity, grid connectivity, permitting, and route-to-market impact overall returns.
- IC Papers & Rationale: Prepare decision-focused materials for project funding, platform acquisitions, restructurings, and exits.
- Portfolio & Specialist Coordination: Work directly with portfolio company leadership and internal specialists (legal, technical, commercial) to align on investment cases.
- Portfolio Company Oversight: Monitor the operational and financial performance of portfolio companies against their approved business plans and budgets.
- Development Milestone Tracking: Track project progress through key development stage-gates, including land, grid, permitting, RTB, NTP, and construction.
- Development Spend Evaluation: Review requests for development expenditure and additional shareholder funding across competing projects and platforms.
- Stage-Gate Challenge: Rigorously challenge development timing, probability, and cost assumptions to decide whether to fund, pause, restructure, or sell projects.
- Portfolio Company Bolt-Ons: Provide shareholder oversight, valuation, and IC approval materials for acquisitions originated by portfolio companies.
- Platform & Project Exits: Analyze sale opportunities and transaction readiness for platform disposals or project transfers into operational IPP structures.
- Portfolio Company Governance: Act as a board observer or steering committee member for selected portfolio companies, reviewing reserved matters and tracking board actions.
- Management Team Relationship: Partner with portfolio company executives to challenge commercial data and improve governance consistency.
- Platform Performance Reporting: Manage quarterly reporting across all development platforms, tracking development KPIs, liquidity, and milestone delivery.
- Development Valuations: Maintain portfolio company and project valuation models, explaining value movements relative to operational delivery and market conditions.
Investment Analysis & Financial Modelling
Investment Committee & Decision-Making
Portfolio Monitoring & Performance Analysis
Capital Allocation & Project Investment Decisions
Bolt-On Acquisitions & Exits
Governance & Stakeholder Management
Reporting & Valuation
What you'll need
- Relevant experience in private equity, infrastructure investment, renewable energy investment, investment banking, corporate finance or a similar investment-led environment.
- Strong financial modelling, valuation and investment-analysis skills.
- Experience preparing investment committee, transaction or board materials.
- Good understanding of investment returns, capital allocation, risk assessment and value creation.
- Ability to analyse complex information and form clear, commercially grounded recommendations.
- Strong written communication and presentation skills.
- Ability to manage several workstreams and deadlines across multiple investments.
- High attention to detail without losing sight of the wider investment rationale.
- Confidence working with senior stakeholders, advisers and portfolio company management teams.
Bonus points for
- Experience in renewable energy, infrastructure or the wider energy transition.
- Understanding of renewable project development, including land, grid, permitting, construction, route to market and project finance.
- Experience reviewing acquisitions, disposals, financings or restructurings.
- Experience working with development-stage or founder-led businesses.
- Familiarity with solar, wind, battery storage or other renewable technologies.
💚 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 Group 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 were recently named the UK's top company to work for, and we ranked in the top ten in the Sunday Times Best Places to Work 2024. 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
Our process usually takes up to 4 weeks, but we’ll always do our best to flex around what works for you. Along the way, you’ll chat with our recruitment team and your Recruiter will help you throughout different stages. Got any burning questions before then? Drop us a message at hiring@octoenergy.com and we’d love to help!
If this sounds like you then we'd love to hear from you. 🚀
Are you ready for a career with us? We want to ensure you have all the tools and environment you need to unleash your potential. Need any specific accommodations? Whether you require specific accommodations or have a unique preference, let us know, and we'll do what we can to customise your interview process for comfort and maximum magic!
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.