Offshore Wind
Origination & Development Manager Our client is looking for an Origination and Development Manager to join their team. In consideration of investment and strategic parameters; identify, create and manage investment opportunities from early stage origination to final investment decision including the management of all relevant workstreams and, if applicable, any third party advisers, consultants and relevant stakeholders. Key ResponsibilitiesUnderstanding and analysis of offshore wind marketsFor offshore wind markets where the client has either a presence or is evaluating an entry; understand the fundamentals of the markets (including the route-to-market options, competitive landscape, offshore wind auction dynamics etc)Identify which new markets the client should enter and for those markets, identify and establish a market entry strategy that can be implemented to enable the clients successful entry.If the entry involves a joint-venture, work alongside the Offshore Wind M&A and parterning team to assess the most suitable partners to deliver successProvide commercial bid strategy considerations for offshore wind auctions (both seabed and route-to-market auctions)Business development and growth of the offshore wind and other project portfolioWork on business development opportunities at a regional and international level including screening potential business deals by analysing market strategies, deal requirements and financials while also evaluating options, resolving internal priorities and recommending equity investments.Analyse and select appropriate joint venture partners for specific markets/opportunities.Contribute to the negotiation of new offshore wind and other renewable energy projects and partnership deals with relevant stakeholders.For M&A transactions, work alongside and support the Offshore Wind M&A and Partnering team as required noting that, if the M&A project is in the development phase, responsibility for the asset following deal completion shall fall to this departmentTake an active role in the overall project management of development steps and requirements for projectsFor auction joint-venture creation:Work alongside the Offshore Wind M&A and team to deliver the required partnership agreements and suitable control and governance to manage the client's interest in the JV.Seek and gain all required shareholder approvals to enter into the JV and for the budget required for the auction.Following the creation of the bidding consortia be responsible for the companies equity share in the joint venture including:Delivering the auction to the required HSE&S standards and to programme and budget.Gaining a thorough understanding of the auction criteria and dynamics.Creating an auction strategy that provides the company with the best opportunity of success in the upcoming auction.Ensuring all necessary workstreams are delivered to the required standard and quality including the co-ordination of responses and review of other internal offshore wind functions such as Technical and Commerical.Establishing of the post bid/auction success workstreams and budget.If further joint-venture agreements are required for post auction success, working alongside the Offshore Wind M&A and Partnering team to deliver suitable agreements that provide the right level of control and governance for the client.Ensuring the bid to be submitted by the client has been fully optimised and provides for the best opportunity of success.Securing required shareholder approvals to submit the required bid and any subsequent budgets required Management of the companies existing offshore wind development portfolioDeliver the client’s development projects (up until Financial Investment Decision) including the performance of projects to the required HSE&S, programme and budget targetsAcknowledge that the existing portfolio of assets are all joint-ventures led by third parties, management of those third parties to deliver the required performance to agreed standards and budgets.Coordinate responses and review of other internal offshore wind functions such as Technical and Commerical.Represent the client on any required joint-venture committees or Boards as appropriate. Coordinate transition of projects to the delivery or asset management teamsEnsure complete and effective handover of fully developed offshore wind projects to project delivery or asset management teams.Contribute to the delivery and management of projects/ assets through providing advice and inputs from a business development perspective, liaising with relevant teams to ensure that overall investment objectives are met. Financial valuations, modelling and investment presentationsEnsure that valuations for assigned assets are up to date, accurate and reflect an acceptable risk profileEnsure that the internal offshore team have an accurate and up-to-date financial Model that appropriately reflects an agreed set of stress-tested assumptionsDevelop cohesive and appropriate presentations used for decision making (including to the Investment Committees and Boards) and be part of the team presenting the opportunity to the appropriate approval body Manage investor/partner/stakeholder relationshipsManage relationships with prospective and existing investors/partners/stakeholders in line with the Direcorate’s objectivesBuild and maintain strong relationships with those partners and government players including the client’s and it’s shareholders support functions (financial, legal, regulatory, and industrial).Locate and propose potential business deals by remaining abreast of market opportunities, trends, and maintaining contact with existing and prospective stakeholders.Monitor regulatory environments and establish rapport with international regulators and industry leaders in order to ensure the companies investment is reflective of the latest economic regulation frameworks.Prepare relevant updates and reportsPrepare relevant reports and updates as required and to the desired standard.Review economic and financial models and document the development status of projects.Provide management information for business development activities - production and timely provision of accurate reports in line with reporting schedules. Comply with information security policies, procedures and requirements at all timesAdhere to any applicable information security policies and procedures and identify and report security incidents and suspected weaknesses to the appropriate point(s) of contact.Protect assets under care (e.g. laptops and other devices) and information/credentials against unauthorized access, sharing, and/or damage/loss, in accordance with the Information Classification and Handling Procedure.Clear desks of all sensitive material and log off/ lock workstations at the end of the day and when leaving desk for a prolonged period in accordance with Acceptable Usage Policies.Ensure not installing, copying or modifying of any software on company equipment without authorization. Support Quality Health and Safety Environment (QHSE) activities, policies and objectives of the companies and compliance with the laws and regulations of the UK.This includes participating (when requested) in QHSE audits, office inductions, incident reporting and review of QHSE performances as applicable Span of Communication Internal: All teams within the Directorate, relevant functions like Finance, Audit, Procurement, Legal, Insurance, Corporate Strategy & Performance Management, QHSE.External: Advisers, consultants, project partners, investors, technology partners, authorities, asset owners/operators Job Relevant Information (Boundaries & Decision Making Authority)Active contributor to the business development cycle for the offshore wind and other renewable energy projects. Qualifications, Experience and Skills Preferred QualificationsBachelor’s degree in Finance, Economics or any other related fieldMaster’s degree in a relevant field is an assetPreferred Experience:6-8 years of business development experience within the energy sector, utilities, major multinational industrial development, advisory and/or investment banking with hands-on experience in investment origination and execution.Expeirence in stakeholder management in the UK and international marketJob-Specific SkillsStrong knowledge of renewables especially offshore windExtensive knowledge of finance, economics and business developmentKnowledge of traditional energy industryExceptional communication skills and able to work in a dynamic, fast paced, diverse environment.Ability to prioritize actions and work within a diverse teamAble to negotiate and influenceProject administration and legal knowledgeProject management skills and planning and organizing skillsAttention to detail Competencies Inclusion & Diversity – AdvancedBuilding Effective Relationships – IntermediateDriving Performance – IntermediateResilience & Agility – IntermediateCreativity & Innovation – IntermediateImpact & Influence – IntermediateStrategic Mindset – IntermediateLeading Others - Intermediate
