Manager of Corporate Development, Submer
Plus performance incentives
More information about location
Cooling & automation for data centers
Be an early applicant
Cooling & automation for data centers
101-200 employees
Be an early applicant
Plus performance incentives
More information about location
101-200 employees
Company mission
To create sustainable, efficient, and planet-friendly data centers and other energy-intense environments.
Role
Who you are
- 6 to 8 years in corporate development, investment banking, private equity, transaction services, or infrastructure / project finance
- Strong financial modelling skills. You can build a deal model from a blank sheet and defend every line in it
- Hands-on experience supporting M&A or real estate transactions through diligence and execution
- Clear written communication. You can take a complex deal and write a one-page recommendation an executive will read and understand
- Useful, not required: exposure to data centers, energy / power, real assets, or other capital-heavy sectors; understanding of project finance and how risk is shared across development, construction, and operations; experience working across jurisdictions
- Comfortable in a fast-moving, early-stage environment where the process is still being built and ownership is high
What the job involves
- The Manager, Corporate Development supports the evaluation and execution of Rubix’s land acquisitions, whether structured as a direct real estate transaction or as the acquisition of an entity that holds the land
- The role builds the financial analysis behind each opportunity and prepares the business case on which leadership and investors base their capital decisions
- Reporting to the Director, Underwriting & Investment Analysis, the Manager owns the deal model and the investment narrative for each opportunity and leads the financial diligence that tests both. The role works closely with Land Acquisition, Legal, Tax, and external advisors throughout each transaction
- This is a hands-on individual contributor role, with a path to building and leading a small analyst team as deal volume grows
- Build and own the deal model for every land opportunity, whether the land is acquired or secured through a real estate transaction, an option or long lease, or an M&A of an entity that holds it
- Model acquisition economics end to end: acquisition price, financing, holding costs, development phasing, and the path to a built, revenue-generating asset
- Model power and interconnection economics alongside the land: power purchase agreements, grid connection terms and queue position, and the deposits or milestone payments tied to securing power. On a data center site, power terms can move the answer as much as the land price
- Calculate and explain returns: IRR, NPV, and the capital each deal ties up
- Run sensitivity and scenario analysis on the assumptions that move the answer most: land and build cost, power price and availability, financing terms, and timing
- Build downside and stress cases so leadership sees the floor, not just the base case
- Keep one consistent modelling approach across deals so any two opportunities can be compared on the same basis
- Turn each model into a clear go / no-go business case with a stated recommendation, not a data dump
- Write the investment papers and build the decision materials for the Director, executive leadership, and investors
- Translate technical and legal inputs (engineering costs, power contracts, deal structure, tax) into financial assumptions a non-specialist can follow
- Lead with the answer: what we should do, what it costs, what could go wrong, and why the return justifies the risk
- Run the financial workstream of due diligence on target land and target entities: quality of earnings, liabilities, tax exposure, and contract review alongside advisors
- For entity acquisitions, dig into the company behind the land: what else sits on its balance sheet, what we inherit, and how the deal should be structured
- Assess entitlement and permitting risk: zoning, planning approvals, and grid connection status, and how those gates affect deal timing and staged payments
- Track diligence findings and feed them back into the model and the business case as they surface
- Support negotiation with the numbers behind price, structure, and key terms
- Work closely with:
- Land Acquisition & Energy for site and power inputs
- Engineering & Design for cost and technical assumptions
- Legal & Tax for deal structure, risk allocation, and diligence
- Finance & Strategy for funding, returns thresholds, and portfolio fit
Our take
Developments in the AI sector have increased the strain on data centres and chips, generating more heat from their processes than ever before. Cooling methods using air and water are not keeping pace with the amount of energy needed to support AI. Submer is on a mission to build data centres and processing plants that are as sustainable as they are efficient.
Submer’s eco-friendly product for data centres and chip processing is built from a coolant of non-flammable, biodegradable and synthetic liquid that physically acts in the same way as water. The racks for servers are stored and operate from within a smart container which further lessens the heat produced by data centres. Submer’s range of products even allows for the coolant to be reused via a heat exchanger.
It’s an inspired solution for an increasingly pressing problem. Data centres are going nowhere, yet the vital need for greener energy solutions puts pressure on these industries. It’s unsurprising then that Submer has raised considerable funding that is being channelled into the expansion of its product. Server component manufacturers are even beginning to build their products to be compatible with Submer’s, indicating the eagerness with which the industry is welcoming the solution.
Freddie
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (last 2 of 6 rounds)
Oct 2024
$55.5m
SERIES C
Jan 2022
$34m
SERIES B
Total funding: $109.5m
Company benefits
- Medical Insurance Plan
- 401k Employee volunteer contribution Plan
- A great work environment characterised by friendliness, international diversity, flexibility, and a hybrid-friendly approach
- You´ll be part of a fast-growing scale-up with a mission to make a positive impact, offering an exciting career evolution
Company HQ
Rubí, Spain
Leadership
Patrick Smets
(CEO)Former COO of the company. Was previously an Associate Partner at McKinsey & Company, CEO at GEM One and worked for Belgian Defence.
Daniel Pope
(CTO & Co-founder)Founder at InferX AI. Previously Director of Architecture and Integration EMEA at Ingram Micro Cloud and Principal Solution Architect at Odin. Was also Senior Solution Architect at Parallels and was a CEO and CTO at Datahouse Internet.
Pol Valls Soler
(CFO & Co-founder)Previously CPO at FXStreet, Workshop Professor and Key Account Manager at La Salle Technova Barcelona and was Co-Founder at Joiner.
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