Senior Associate / Investment Manager

about 2 years ago
Full time role
Houston, TX, US... more
Houston, TX, US... more

Job Description

Welcome to the future of energy
We are both an electricity retailer and a tech platform and we think there is no better way to address our greatest challenge, climate change, than with the combination of those two.
Through our proprietary tech platform, Kraken, we are changing the way people interact with their energy company - by making it approachable, low cost, easy-to-understand, and most importantly, 100% renewable.  We’ve distinguished ourselves by being named 2020’s Energy Provider of the Year, which highlights our commitment to exceptional customer service. In many markets we are a leading employer on Glassdoor for best places to work.
As part of the wider Octopus Energy group, Octopus Renewables sources, invests in, and actively manages a range of utility scale renewable energy assets. We are looking to expand our team as we continue to scale our investments base of £3.5bn. Since entering the renewables market in 2010, Octopus Renewables has grown to become the largest investor of solar power in the UK and Europe and a leading investor in onshore wind. We currently manage an increasingly global portfolio of renewable energy assets, and are looking to make our first US acquisitions shortly. Our operational portfolio includes over 250 energy generating companies, delivering revenue in excess of £250m.
Having originated, invested in and managed assets in the renewable energy sector for over a decade, our energy investment and asset management team of 70 professionals is one of the largest and most experienced in Europe. The team is structured for scale and long-term ownership of energy assets.  
The Associate / Senior Associate / Investment Manager (we have some flexibility over the level that someone might join us) will join our Investment team and be focused on investing in renewables projects in the USA, including technologies such as solar PV, storage, and onshore wind. They will join our small but growing team in the USA. We are looking for a proactive team member who has a strong sense of ownership, a “can do” attitude, and who is able to work both individually, as part of a team, and who can represent OR outside of the business.

What you'll do

  • Assist in origination activities including market research, organising and attending meetings, and tracking potential investment opportunities.
  • Evaluate new investment opportunities, considering returns in the context of identified risks, how these can be managed and other mitigating factors.
  • Analyse, own and maintain complex financial models.
  • Conduct financial, legal and technical due diligence on new investment opportunities, managing specialist external advisors.
  • Prepare and present investment papers detailing new opportunities to the Investment Committee.
  • Assist in the preparation of transaction contracts – reviewing and assisting negotiations of contractual terms.
  • Arrange tax equity and project finance which will include the management of tax equity investors, lenders and their advisors.
  • Manage interactions with professional advisors including legal and technical.

What you'll need

  • Keen interest in the international Renewables sector.
  • Prior experience in the North American renewable energy market is required, ideally in a transaction role, from an investment bank, project finance lender, a fund manager, industrial or in a corporate finance team at one of the big 4 accountants. 
  • Strong analytical and Excel financial modelling skills, including VBA.
  • A strong understanding of financial valuation theories coupled with core accounting and tax skills and an ability to read financial statements confidently.
  • Prior experience working on tax equity funded transactions preferred. 
  • Exceptional project management and organisational skills.
  • Evidence of managing complex workloads in a fast-paced environment.
  • An ability to understand risks, reach a balanced appraisal of probability and severity and build workable risk mitigation strategies.
  • Strong commercial mindset, able to understand the impact of commercial positions on potential investments and the potential to own increasing degrees of decision making over time.
  • An ability to focus on the ultimate customer (the investors who trust us with their money) in all aspects of the role is essential.
  • Excellent spoken and written communication, with the ability to influence internally and externally – from team members to project developers, project finance teams to technical advisors, Investment Committee members to potential investors. Strong presentation skills including advanced knowledge of PowerPoint.
  • A self-starter with tenacity, initiative and a willingness to commit to deliver.
  • A willingness to travel to London on a periodic basis (e.g. quarterly). 
  • Growth mindset to continually improve the way we work and the results we achieve.
  • A strong team player with the confidence to exercise judgement appropriately, challenge and coordinate with colleagues at all levels of seniority.

Why else you'll love it here

  • Great medical, dental, and vision insurance options including FSAs
  • Unlimited paid time off — we know working hard means also being able to recharge as needed, we trust our employees to get the work done and take the time they need.
  • 401(k) plan with employer match: 
  • Parental leave. Biological, adoptive and foster parents are all eligible. 
  • Pre-tax commuter benefits .
  • Flexible working environment: you need to shift around your schedule? You do you, we genuinely believe in work/life balance. 
  • Equity Options: every Octopus employee owns part of the business. We’re a team, working together towards huge goals. Every person is crucial to our success, you should be rewarded as such. 
  • Modern office or co-working spaces depending on location.
  • Wondering what the salary for this role is? Just ask us! When 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!

If this all sounds like you then we'd love to hear from you.
At Octopus, we're looking for genuinely decent people who are honest and empathetic. Our commitment is to provide equal opportunities, a diverse and inclusive work environment, and fairness for everyone. You are welcome to apply no matter your age, disability, gender, marriage or civil partnership status, pregnancy and maternity status, race, religion or belief, or sexual orientation.


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