Portfolio Manager

NEC Portfolio Management · London, Greater London
Department NEC Portfolio Management
Employment Type Regular Employee (Full-Time)
Minimum Experience Mid-level

Title:                              Portfolio Manager

Reporting Line:               Portfolio Management

Employment Category:   Full-time

Location:                        Hybrid working: 2-4 days office (London)

Company:                           NextEnergy Capital


THE ROLE


The Portfolio Management team manage every solar project in every fund around the UK, Italy, the US, Chile, Spain, Portugal, India and Poland, and is further expanding at pace.

 

The Portfolio Management function is situated within the investment management business of the Group and is tasked with managing all the solar projects owned by the Group’s investment vehicles in conjunction with the Group’s asset manager WiseEnergy.

 

The successful candidate will play a key role in supporting the creation/evolution of the management strategy for each of the fund portfolios, of solar PV and energy storage systems, distributed across the globe under management by NextEnergy Capital.

 

KEY RESPONSIBILITIES

 

GENERAL

  • Manage and be accountable for specific assets and/or portfolios;
  • Assume the role of Director of SPVs for the allocated assets and/or portfolios;
  • Facilitate and support the handover from the acquisition team of the acquired projects and/or internally developed projects (across different geographies for NPIII), ensuring the alignment and cooperation of all the involved areas (investment, construction and asset management);
  • Manage sale and purchase agreements of the assets during the lifetime of the investment, identifying the proper actions to be taken in coordination with the Senior Portfolio Manager and the Investment Team;
  • Be conversant with contract writing, incorporating the necessary legal clauses needed to safeguard the business.

 

RELATIONSHIP WITH THE ASSET MANAGER

  • Overview of the technical, financial and commercial activities of the asset manager (WiseEnergy) and compare them against the scope of work under the relevant agreement;
  • Regularly meet with WiseEnergy to identify key risks and discuss action plans proposed by it. Report to the Senior Portfolio Manager as necessary;
  • Support and jointly discuss the approach with WiseEnergy for activities falling outside the business as usual;
  • Overview WiseEnergy’s management of all contracts in place with the SPVs, providing support when needed;
  • Review and comment on periodic reports from WiseEnergy regarding the performance of the portfolios (technical, finance, loan/debt management, commercial and ESG outcomes);
  • Support WiseEnergy in the negotiation of O&M contracts and onboarding of new contractors;
  • Highlight areas of improvement in relation to WiseEnergy activities to the Senior Portfolio Manager;
  • Review yearly budgets and monthly variations and cost allocation, and identify the root causes trends or areas where actions need to be taken.

 

INTERNAL RESPONSIBILITIES

  • Identify key activities and risks to be reported in recurring meetings to various internal and external stakeholders (investors, head of fund, top management, etc.);
  • Identify long-term trends in the performance of the portfolios and discuss them with the Senior Portfolio Manager;
  • Support the Senior Portfolio Manager for out-of-the-ordinary and strategic projects and liaise with WiseEnergy’s dedicated team to implement them;
  • Identify key gaps or improvements in operational contracts (EPC, O&M, etc.) and provide feedback to the relevant team;
  • Collaboration with other internal teams, like investment, energy sales, construction and procurement, etc.;
  • Train and manage the Junior Portfolio Manager tasks in conjunction with the other Portfolio Managers.

 

SKILLS & COMPETENCIES

 

To be successful in this role, you will demonstrate:

 

  • Time management & prioritization skills - things can get a little hectic, so the ability to effectively manage yourself and your workload is critical;
  • Excellent communication skills (in English or/and other European languages) - you must be able to organize your thoughts in a way that others find clear and compelling;
  • Flexibility - being an effective team player means being flexible in your approach and open to getting involved with new things, even if they are not spelt out in your job description;
  • Intellectual Curiosity – Technical Management is a broad and nuanced field and we are looking for someone who is truly interested in our profession and has the intellectual curiosity to delve deep into topics and bring fresh ideas to the team
  • IT Literacy - you need to be comfortable with IT systems and working with data (you should have at least intermediate-level excel)
  • Delivery focus – it may sound obvious, but the ability to proactively churn through work at pace and deliver quality outputs really matters!
  • Strong critical thinking and problem-solving skills
  • Passion for our mission to generate a more sustainable future by leading the transition to clean energy
  • Our values: be a leader, build trust, be responsible, be innovative and ‘bring your alpha’.

 

EXPERIENCE & QUALIFICATIONS


  • 3-5 years experience as asset manager/portfolio manager in the renewable energy market, preferably solar;
  • Bachelor’s Degree with a quantitative focus (e.g., Finance, Engineering, Environmental Science, Mathematics, Economics);
  • Good understanding of contract law;
  • Have the right to work in the UK.


WHAT WE OFFER


  • A busy role in a supportive team, with plenty of opportunities to learn;
  • International scope – we operate in over 8 countries;
  • Hybrid working – we will need you in the central London (Mayfair) office at least twice a week, but you will normally be able to work remotely for the remainder of the week;
  • 30 days’ holiday per year (3 of which are taken during the festive shutdown in December);
  • Private pension;
  • BUPA Healthcare for you and qualifying dependents;
  • Cycle to work and electric vehicle leasing schemes;
  • Annual discretionary bonus.


HOW TO APPLY

 

If you are interested in this opportunity, please follow the link to apply or send your application to recruitment@nextenergycapital.com. If you have been shortlisted for the next stage, we will be in contact within 14 days. The closing date for applications is 30th June 2022.

 

By selecting “Apply” or sending us your CV, you indicate you have read and acknowledged NextEnergy Group’s Candidate Privacy Notice.

 

DIVERSITY AND INCLUSION

Our approach to diversity and inclusion is a natural extension of our values. Our entrepreneurial culture inspires us to try new things, be open to different viewpoints and be bold. Our Group is committed to cultivating and preserving a culture of connectedness that values difference and gives space for individual expression. The collective sum of our individual differences, life experiences, knowledge, innovation, self-expression, and talent and hard work form the bedrock of who we are and who we aspire to be.

We are committed to equal employment and advancement opportunity irrespective of race, colour, ancestry, social background, religion, gender, national origin, sexual orientation, age, citizenship, marital status, disability and gender identity.

Thank You

Your application was submitted successfully.

  • Location
    London, Greater London
  • Department
    NEC Portfolio Management
  • Employment Type
    Regular Employee (Full-Time)
  • Minimum Experience
    Mid-level