Fund Operations Senior Manager, Octopus Energy Group
12 month FTC, Octopus Energy Generation
3 days a week in office
Entech company
Open for applications
Entech company
1001+ employees
Open for applications
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
- Proven experience in fund operations, fund management, or related fields, preferably within renewable energy, private equity, or investment management
- Strong project management skills with the ability to manage multiple priorities and stakeholders effectively
- Deep understanding of fund structures, AIFMD regulations, and the roles of fund administrators and depositaries
- Experience in product governance and compliance frameworks
- Demonstrated ability to review and negotiate legal fund documentation and contracts with service providers
- Proven track record in managing service provider relationships, including conducting service reviews and due diligence
- Highly organised, detail-oriented, and capable of delivering results under tight deadlines
- Excellent communication and relationship management skills, with a track record of working effectively with diverse teams
- Self-motivated and aspirational, thriving in a fast-paced, dynamic environment
- Familiarity with renewable energy investments and sustainability considerations is a strong advantage
- Experience in driving operational improvements and implementing process efficiencies
What the job involves
- 12 month Fixed Term Contract (Maternity Cover)
- The Fund Operations Senior Manager is a pivotal role within Octopus Energy Generation, ensuring operational excellence and efficiency across all fund operations processes
- This includes strategic planning and project management of new fund structures, oversight of existing fund structures, and the management of key relationships with fund administrators, depositaries, and AIFMs
- Working closely with the wider Fund Management and Fund Finance teams, this role will ensure that OEGEN’s funds operate seamlessly while meeting regulatory and investor requirements
- You will report to the Head of Funds and Sustainability and will have a small number of direct reports
- Lead and project-manage the establishment of new funds, ensuring alignment with operational, legal, and regulatory requirements
- Oversee all aspects of OEGEN’s fund operation processes. This includes establishing project plans, agreeing timelines with relevant internal and external stakeholders, monitoring, and reporting on milestones, actions, risks, and escalating issues as appropriate
- Working with our Compliance function to coordinate product governance processes, ensuring compliance with regulatory and internal standards
- Review and provide input into legal fund documentation, including Limited Partnership Agreements (LPAs), AIFM agreements, Investment Management Agreements (IMAs), depositary agreements, and fund administration contracts
- Build and maintain relationships with fund administrators, depositaries, and AIFM partners (both internal and external) to ensure effective collaboration and service delivery
- Negotiate commercial terms with service providers to secure value-for-money and high-quality services
- Manage and conduct service reviews and due diligence processes on fund service providers, ensuring they meet required standards
- Respond to and coordinate firm-level due diligence questionnaires (DDQs) and onsite diligence reviews from prospective clients with internal stakeholders to ensure timely and comprehensive responses
- Coordinate the provision and maintenance of fund-related information and disclosures, ensuring timely and accurate updates for internal and external stakeholders
- Provide fund operations support to portfolio funds, including resolving operational challenges and responding to ad hoc requests
- Collaborate with Fund Finance, Fund Management, and Legal teams to ensure smooth day-to-day operations and strong governance
- Monitor industry trends and regulatory developments, ensuring OEGEN’s fund operations remain best-in-class and compliant
- Take a leadership role in cross-functional projects that impact fund operations, driving innovation and continuous improvement
Salary benchmarks
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
Few candidates hear
back within 2 weeks
46% female employees
44% employee growth in 12 months
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!
- Parents - get access to tax free childcare and maternity and paternity pay. We’re always looking for new ways to support parents, during lockdown we created OctoKids TV to help keep your kids occupied and entertained (https://octopus.energy/blog/octopuskids/)
- Office culture - Our offices are stocked with fruit, breakfast, great coffee, and soft drinks (and ice lollies if you're lucky)! Weekly on a Friday we all get together (this happens virtually too) for company updates and drinks - we call it Family Dinner. We won best company to work for in 2019 and our CEO, Greg has recorded a podcast about our culture and how we empower our people. Check out what our people say at Glassdoor!
- Car Salary Sacrifice - Browse the wide selection of electric vehicles and get a sample quote under our workplace salary sacrifice scheme. If approved, the monthly leasing costs are taken directly from your gross salary each month meaning you're saving on paying some tax
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.
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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