Portfolio Associate

About the role:

We are looking for a Portfolio Associate to join the OEGEN funds team, to support Octopus Renewables Infrastructure SCSp, a Luxembourg-based, a renewable energy and energy infrastructure open-ended unitised partnership with nearly £3bn of funds under management. The fund is expected to grow through new investor subscriptions, offering strong opportunity for development within the role.

The role combines valuation, portfolio management and value creation. As part of the role you will be allocated a number of asset portfolios (typically on a country or technology basis) from the Sky fund for which you have responsibility for the quarterly valuation process, identifying opportunities to enhance long term asset value and work alongside the country P&L leads to support short term performance and decision making.

This includes analysing operational performance, new revenue contracts, financing structures, asset life extensions and other initiatives that maximise long-term investor returns. In addition you will support portfolio performance and strategic decisions at the fund level, including, but not limited to, debt strategies and the impact of acquisitions and disposals on fund metrics.

This is a hands-on portfolio management role with valuation at its core. The successful candidate will be expected to update, operate, improve and own valuation models directly, not simply review outputs prepared by others and take an active role in the delivering the performance targets for the portfolios they are responsible for. They will work closely with portfolio management, asset management, finance, tax, external valuers and auditors to ensure valuations are technically robust, commercially grounded and clearly explained to decision-makers.

Alongside this they will be able to oversee external valuation agents to ensure that consistency is maintained across the portfolio. The successful candidate is also expected to work with OEGen teams to assess and deliver long term value strategies and support short term performance objectives.

The role would suit someone from an infrastructure fund, renewable energy investment manager, infrastructure asset manager, project finance team, or specialist valuations / modelling team in professional services. The key requirement is strong practical valuation experience, direct model ownership and the ability to translate valuation insights into commercial portfolio decisions.

The role also has a forward-looking change agenda. We are investing in tools to improve the quality, consistency and efficiency of valuation processes. The successful candidate should be comfortable using advanced Excel and ideally VBA, and should be interested in how automation, data tools and AI can improve infrastructure valuation processes over time.

• Valuation ownership and model operation: Own and deliver quarterly valuation updates for assigned assets which will include Sky’s offshore wind portfolio. This will include updating DCF models, refreshing assumptions, reviewing outputs, preparing valuation bridges, identifying key movements and ensuring valuation conclusions are accurate, well-supported and clearly explained. Contribute to Valuation Committee papers, including valuation summaries, movement analysis, key judgements, risk areas, sensitivities and recommendations.
  
  Ensure papers are clear, concise and decision-useful, with enough evidence for senior stakeholders and Valuation Committee members to understand and support the valuation position.
• Valuation assumption ownership:Develop a deep understanding of valuation drivers, including power price assumptions, generation, availability, operating costs, asset life, merchant exposure, debt structures, discount rates, inflation, FX, tax and regulatory or contractual considerations. Work closely with asset management teams to understand operational performance and forecast assumptions. Challenge assumptions where evidence is weak, inconsistent or not aligned with valuation practice, while maintaining a constructive and commercial relationship with asset managers.
• Model Improvement: Use new tools to improve model…