Investment Manager, EMEA

Job Title: Head of Portfolio Investment Management Investment Management Reporting to: Global Head of Investments About Lightsource bp We are Lightsource bp – and we’re on a mission to become a global leader in onshore renewables, anchored by our proven track record in solar development. We work to safely deliver affordable, reliable, large-scale onshore renewable and energy storage solutions to help the world decarbonise. Our growing business is constantly innovating and investing to help drive the energy transition. Our people and projects are focused on supporting long-term sustainable growth and energy security. Lightsource bp was fully acquired by bp in 2024. The Investment Management Team (IM) is the guardian of LSbp operational investments with a focus on long term value creation. Structured Finance (that raises debt, tax equity and leads on M&A activities); LSbp regions including project/business development, construction and asset management (which handles the day-to-day commercial and operational management of the operating fleet); Finance, which provides Financial MI; Power Marketing – which provides end-to-end power monetisation from long term offtake contracts to short term RECs or capacity contracts; Central teams (e.g. performance, legal, engineering centre of excellence etc). Externally, IM handles relationships with Capital Providers from Financial Close or COD (depending on jurisdiction) in close coordination with Structured Finance. The IM team is organised around three “verticals” (as below) and the IM Regional Heads (one for US and one for EMEA and APAC): Valuation and Financial Modelling The “Verticals” (including Portfolio Management) will support the IM Regional Heads who are directly in charge of managing the financial and commercial performance of existing and future PV assets and any joint ventures. IM Regional Heads will also be supported by regional commercial directors (appointment ongoing). The Portfolio Investment Management Team The Portfolio Management team currently comprises of 6 portfolio managers / senior portfolio managers currently located in London (5 off) and Madrid (1 off). Each team member manages individual financing portfolios across multiple geographies. Providing covenant information to capital providers (debt, tax equity and partners) – including technical, reporting and financial covenants, where required under the direction of the regional head. Support preparation of budget taking into account regional asset manager feedback and financial model base case. Track individual portfolio performance against budget and identify potential areas of concern or improvements. Critically reviewing information prepared by other teams (e.g. asset manager, finance) and providing feedback to the wider IM team including potential solutions. Support portfolio commercial and financial optimization (under the direction of the IM Regional Heads). Manage the Portfolio Management team and ensure the team delivers on its core objective including: Individual performance review and individual support & development where required. This may include inter-alia development and management of reporting tools, undertaking commercial or financial analysis across multiple portfolios (with the assistance where required of the valuation team). Report and manage critical portfolio issues (including offering solutions/strategies to resolve such issues or improve underlying portfolio or asset performance) in conjunction with own team and the IM Regional Heads. Provide portfolio-wide strategic insight from you and your team’s handling of individual portfolios and their issues/risks/opportunities. Solid knowledge in project finance documentation – with focus on reporting/covenant management. Good financial experience including ability to read through P&L, CF statement and Balance sheet. Some commercial experience gained in project-related or financial role would be a plus. Engineering or business degree. Prior experience in dealing with capital providers (either working for a financial institution in a mid- or front-office role or for a sponsor in a similar function). Some commercial experience gained in project-related or financial role would be a plus. Experience in managing other team members (either as a manager or as part of project team) desirable. provide strategic portfolio or regional insight from a detailed understanding of specific assets. We pride ourselves on being an inclusive community, where every individual is valued and treated with respect. Our culture is driven by our core values – from operating safely to ensuring our projects are responsible. Alongside a competitive salary, we offer a variety of benefits including annual bonus, retention bank, health insurance, pension and other local benefits. These include our charitable causes, supporting our solar honey project, or volunteering on our VIBES committee to name a few. Lightsource bp truly cares about creating a sustainable future through safe, responsible and meaningful low carbon energy projects.