Investment Associate, Octopus Energy Group
Octopus Energy Generation
$150-200k
+ Equity Options
3 days a week in office
Entech company
Job no longer available
Entech company
1001+ employees
Job no longer available
$150-200k
+ Equity Options
3 days a week in office
1001+ employees
Company mission
Octopus Energy's mission is to speed the transition to a sustainable, low carbon future through renewable energy and technology whilst putting customers at the heart of everything they do.
Role
Who you are
- 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
What the job involves
- The Investment Associate role presents a unique opportunity to be a key team member in an entrepreneurial, growing team and drive forward the strategy to become a specialist energy transition fund manager in North America
- In addition, you will have exposure to the other Octopus Energy Group companies in the United States including Kraken Technologies USA (tech platform) and Octopus Energy US (electricity retailer). Together, these entities have the mission to innovate and participate in the drive to net zero in North America
- 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
- Support on fundraising materials (presentation and financial models) as required to bring in new sources of US capital
- Provide assistance on portfolio valuation, asset management and reporting process to investors
Our take
According to Octopus, the energy industry in the UK is ruled by a handful of complacent companies peddling fossil fuels, pricing trickery, and poor customer service. Aiming to disrupt the status quo with sustainable energy, Octopus entered the market in 2016 and they now supply energy to millions of homes in a number of countries. Octopus has made a name for itself in energy circles largely because of its “Kraken” technology platform, which it claims is able to reroute energy from renewable sources around a network far more efficiently than competitors.
Octopus Energy further differentiates itself through its aspiration to make everything as easy as possible for consumers, from the simplicity of their bills and the fact that customers are not locked into a contract so they can leave at any time to offering customer service over email and social media at times that suit customers. They aim to make the eco‐friendly choice the easy choice, so all of their tariffs use 100% green electricity, while not being more expensive than their competitors' non-green tariffs.
They are continually creating innovative new products. For example, Octopus Tracker where prices changes daily to guarantee you get the market rate; Agile where the price changes every half hour to enable you to benefit from cheap electricity when the sun shines, the wind blows, and the networks are under-utilised. One of the current challenges they face is that their products are more complex than their competitors, given they use 1000x more data than traditional energy companies. They're exploring ways to explain to customers exactly how their products work.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
Company
Employee endorsements
Challenging work
"The work that I am doing is often quite difficult. I am constantly challenged and problem solving, which I find rewarding as it means I am always..."
Funding (last 2 of 6 rounds)
Dec 2023
$800m
GROWTH EQUITY VC
Jul 2022
$225m
GROWTH EQUITY VC
Total funding: $2.5bn
Company benefits
- Your development is important - we support and help with development including internal and external courses, learning, study support etc, all bespoke to you
- Flexi working environment
- Equity Options Scheme - you own your own part of the business, share options in the whole Octopus Energy Group so we all work together towards success
- Unlimited paid time off policy
- Work from home opportunities
- Equity Option Scheme - Everyone owns part of what we’re building with shares
- Tech - We want to get the best out of our people and get that everyone is slightly different. Have a certain tech requirement? We’ll do our best to get it
- Money Coach - You may want to think about financial planning. The company has an arrangement with Octopus Money Coach. They offer the opportunity to talk with a professional coach
- Wellbeing - Need some calm in your life? We have 'Octopus Headspace Licences' available. Twice a week we have 45 Minute live yoga class open to all Octopus staff!
- Great medical, dental, and vision insurance options including FSAs
- 401(k) plan with employer match
- Parental leave
- Pre-tax commuter benefits
- Modern office or co-working spaces depending on location
Company values
- Autonomy
- Empathy
- Innovation
- Impact
Company HQ
Fitzrovia, London, UK
Articles
Leadership
Greg Jackson
(CEO)Previously Adviser at Ashcombe Advisers for 9 years and Non-Executive Director at Zopa for 7 years.
James Eddison
(CTO)Previously CEO at Claripoint for 7 years and CTO at Tangent Labs also for 7 years.
Stuart Jackson
(CFO)Previously Director of "Foundation" Business Unit at Barclaycard for 2 years and Chief of Staff, Secured Lending SBU at Barclays also for 2 years.
People progressing
Joined as Marketing Assistant, being promoted to Marketing Executive after 6 months and again to Junior Product and Marketing Manager after 7 months. After 8 months they became a full Product and Marketing Manager.
Joined as Senior Talent Partner, being promoted to Talent Manager after 1 year and again to Head of Talent Acquisition after 8 months.
Salary benchmarks
We don't have enough data yet to provide salary benchmarks for this role.
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Diversity, Equity & Inclusion at Octopus Energy Group
- Unconscious Bias workshops for interviewers and hiring managers
- Octopus Energy Equality Foundation
- Partnership with the Saracens High School - inspiring future generations - https://www.saracens.com/powering-futures-together-saracens-high-school-octopus-energy/
- Octopus Energy Internships - https://octopus.energy/blog/ada-lovelace-tech-internship/
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