Octopus Energy is hiring a
Investment Associate

Summary

The job is for an Investment Associate at Octopus Energy Generation US (OEGEN US) in New York City. The role involves assisting in origination activities, evaluating new opportunities, managing due diligence processes, preparing investment papers, and supporting on arranging tax equity funding and project finance.

Requirements

• Keen interest in the renewable energy sector in North America with a focus on the United States
• Prior experience, ideally in a renewable energy or infrastructure 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
• Understanding of financial valuation theories coupled with core accounting and tax skills and an ability to read financial statements confidently
• Exceptional project management and organizational 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 communicate risk mitigation strategies
• Commercial mindset, able to understand and communicate the impact of commercial positions on potential investments and the potential to own increasing degrees of decision making over time
• A self starter with tenacity, initiative and a willingness to commit to deliver
• 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

Responsibilities

• Assist in origination activities and tracking of potential investment opportunities in North America
• Evaluate new opportunities, considering returns in the context of identified risks, how these can be managed, and other mitigating factors. Opportunities will be either asset-level or platform investments but we expect a strong focus on core renewable generation (e.g. wind, solar, storage)
• Analyze, own and maintain complex financial models which will include tax equity funding and back leverage facilities
• Manage due diligence processes for transactions (including managing third party financial, legal, market and technical due diligence providers)
• Prepare investment papers detailing new opportunities and strategic initiatives
• Assist in the preparation of transaction documents including reviewing and assisting negotiations of contractual terms
• Support on arranging tax equity funding and project finance as required which will include management of tax equity sponsors, lenders, and their advisors
• Provide assistance on portfolio valuation, asset management and reporting process to investors

Benefits

• 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
• Great medical, dental, and vision insurance options including FSAs
• 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
• Modern office / co-working space
• Salary and compensation for this role ranges from $150K-200K depending on experience