Title : Portfolio Manager Reporting Line : Portfolio Management Employment Category : Full-time Location : Hybrid working: 2-4 days office (Madrid) Company : NextEnergy Capital THE ROLE The Portfolio Management team manages 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.
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).
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