Head of Valuations
London, UK
Octopus Energy Generation ☀️ – Investment Management /
Full-time /
Hybrid
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 loads more people to help us make our vision a reality.
Octopus Energy Generation is one of Europe’s leading and most experienced specialist renewable energy and energy transition investor, investing since 2010 and we currently manage investments in energy generating assets valued at nearly £7 billion.
Our energy investment, portfolio and asset management team of over 140 professionals are one of the most experienced in Europe and the team is structured to support our rapid growth ambitions and long-term ownership of 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 this position:
As we continue to expand our portfolio and enhance our market presence, we are seeking a senior
and experienced individual to join the team in this exciting and impactful role.
The Head of Valuations will own our valuation strategy, methodology and policies and drive valuation processes ensuring accuracy, efficiency and compliance. You will be part of the Funds team, although independent of any specific fund/product, reporting directly to the Head of Funds and Sustainability who sits on the Executive Committee.
The role will be a voting member on the Octopus Energy Generation Valuation Committee. This role would suit a Senior Manager / Director level individual who either works in another investment manager with real asset experience or someone who comes from a professional services company working in valuations looking for the next step in their exciting career.
What you'll do
- Valuation methodology and strategy: Develop and implement robust valuation policies, models and methodologies for current assets and new investment opportunities in the energy sector to drive consistency in valuations across all products. This will include renewable and energy transition infrastructure and private equity portfolio company valuations.
- Market Analysis: Conduct comprehensive market research and analysis to identify trends, opportunities, and risks in the renewable energy sector. Work alongside the investment teams and product teams to collect benchmark data to develop robust data driven proposals. Understand sector trends and changing dynamics including macro factors that need to be considered in the valuation methodology and maintain a robust valuation assumption book.
- Valuation oversight: Own and lead the valuations process. Drive and oversee the valuation process for the entire portfolio, ensuring all assets are accurately valued by the fund/product teams in compliance with relevant policies, methodologies, standards, assumption books and regulations in the appropriate timelines. Look to make improvements and seek efficiencies in the established processes.
- Leadership and Stakeholder Management: In leading the valuation methodology and processes, you will need to balance the needs of multiple funds/products across the business. You will drive commercially balanced valuation proposals and work closely with internal teams, including investments, funds, finance, asset management and risk management, to provide valuation insights and support strategic decision-making. You will communicate effectively to create consensus across the Product Heads / Fund Managers, Investment Committee and Valuation Committee. You will also communicate effectively with external stakeholders, including auditors, regulators, and investors, to ensure transparency and build trust. You will lead external valuation model audits and engagements with external valuers.
- Valuation committee: Own the Octopus Energy Generation Valuation Committee terms of reference and associated processes ensuring a balance of voting members to provide independence and robust challenge. This committee will be the delegated Valuation Committee for AIF’s managed by the Octopus Energy Generation AIFM, as well as all other non-AIF products. Ensure appropriate papers are put forward to the Octopus Energy Generation Valuation Committee for approval. Attend and vote on valuations proposed and presented by the specific product/fund teams.
- Regulatory Compliance and Reporting: Ensure all valuation activities and reports comply with applicable laws, regulations, and industry best practices. Prepare and present valuation reports to the executive team, board of directors, and investors.
- Independence from Investment Teams: Maintain independence from investment teams to ensure unbiased and objective valuations. Implement policies and procedures that safeguard the valuation process from conflicts of interest and promote integrity in financial reporting.
- Continuous Improvement: Continuously review and improve valuation processes and methodologies to enhance accuracy and efficiency. Stay abreast of developments in valuation practices, renewable energy technologies, and market trends.
What you'll need
- Considerable experience in real asset valuation, investment analysis, or related fields.
- Prior experience in the renewable energy sector or fund management is highly desirable.
- CFA qualification is preferred.
- Expertise in financial modelling and valuation techniques including DCF and multiples.
- Strong analytical, strategic thinking, and decision-making skills.
- Excellent leadership and overall team management abilities. Effective communication and stakeholder engagement skills.
- Excellent verbal and written skills, able to distil and seek out insightful analysis and present this persuasively and build consensus at a senior level.
- Ability to 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.
- Passionate about the detail, taking accountability for the accuracy of every output.
- Highly organised, able to plan ahead but also work under pressure, always delivering to deadlines.
- A team player, flexible in approach and able to support others as necessary. Able to leverage teams even when they aren’t direct reports.
Why you'll love it here
- Wondering what the salary for this role is? On a call with one of our recruiters, this is always something we 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! We will also ask your current salary - we want to let you know this upfront so you're comfortable talking about it on a call with us.
- Octopus Energy 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 won best company to work for in 2022, 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
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.
