Senior Investment Manager

Summary:

Due to the continuous growth of our business, Transmission Investment is looking to recruit a full time Senior Investment Manager to join the team responsible for Transmission Investment’s successful entry into the large competitive onshore transmission project sector (known as “CATOs”). The CATO projects will be tendered via a structured procurement process, and it is expected that the Senior Investment Manager would be a key member of the CATO bid team, leading investment, project finance debt and business case workstreams.

This role may also support the investment, project finance debt and business case workstream for the broader origination function of Transmission Investment and support development, delivery and operations activities relating to our assets.

As a key member of the team, the individual needs to be commercially and financially astute, ambitious and driven. They will seek to contribute to the fast growth and success of the company, whilst ensuring that high investment management standards are maintained.

The candidate needs to be a qualified to Degree level, with a demonstrable track record in infrastructure project origination and bidding, investment, business case management and project finance debt raising within a lead equity sponsor, developer or infrastructure advisory firm ideally in the energy industry.

The role will be based in our head office in the City of London with only occasional travel within the UK necessary. Transmission Investment also has a flexible working policy.

The role will report to the Investment Director who is primarily responsible for the CATO projects.

Our Company:

Founded in 2011, Transmission Investment manages one of the largest offshore electricity transmission portfolios in the world in terms of the capacity of offshore wind connected. Our portfolio of assets includes the connections to eleven GB offshore wind farms – currently a portfolio of over 4,000MW (circa £3,200m in capital employed).

Transmission Investment has a growing team of over forty people with a broad range of competencies within project development, engineering, regulation, construction, asset management, finance, and merger & acquisition. The team has the experience required to develop, finance, execute and manage large scale and complex energy infrastructure projects. Transmission Investment is developing a 700MW interconnector between Scotland and Northern Ireland, LirIC. As part of a joint venture on behalf of an investor, we are managing the construction and will manage operations of a synchronous compensator at Blackhillock, Scotland. We are also well positioned to take part in the competitive onshore transmission auctions (CATO) in which this role would play key part.

As an employer, we pride ourselves on the positive and friendly culture within our company, with a can-do attitude and dedication being felt throughout the team.

Employee wellbeing is at the heart of our business, and we offer many benefits which reflect this. We invest continuously in employee training and development, supporting employees in personal and professional growth. In March 2021, Transmission Investment was officially recognised as a Great Place to Work® in the UK. In April 2022, Transmission Investment won two awards in the small business category from Great Place to Work®; UK's Best Workplaces™ for Wellbeing 2022 and UK's Best Workplaces 2022 Small (20-50 employees).

Responsibilities:

Responsibilities will include, but are not limited to:

• Lead development of all internal governance investment related processes including preparation of papers and presentation materials and leading key meetings as required

• Identify potential equity partners, develop strong relationships and support the formalisation of contractual documents required for establishing project consortia

• Establish and maintain relationships with debt financiers and lead project finance debt raising activities with the support of financial advisers as needed

• Support the determination of winning bid strategies, bid structures and consortium commercial structures

• Lead investment, project finance debt and business case workstreams, engaging with and managing highly experienced internal and consortium partner individuals focused on producing high-quality deliverables for all CATO projects and other work as required

• Procure, select and manage financial advisers and provide oversight to all investor and debt due diligence workstreams

• Actively participate in commercial and other closely related workstreams that impact the investment case, debt raising and equity more broadly

• Gather bid inputs and lead on drafting certain bid documents as required

• Provide investment, project finance debt and business case workstream input to bid management tools and processes including bid programme, resourcing approach and budget

• Identify, manage and mitigate key risks to the investment case and equity more generally during the bid and project origination process

• Create all necessary investment, debt raising and business case development procedures, processes and tools to support the CATO bidding activities including in-house financial models and standardised assumptions underpinning investment cases

• Oversee project financial modelling activities with the support of financial advisers as needed

• Mentor and manage junior colleagues as required

• Support broader origination function, and development, delivery and operations teams as required

Must exemplify our Company Core Values:

· We are EXCELLENT at what we do

· We are COMMITTED and ensure we deliver

· We are CHALLENGING of the status quo

· We are SUPPORTIVE of each other

Language:

English (required)

Education, Work Experience & Qualifications:

· Qualified to Degree level; Masters level and/or CFA or similar designation is preferred

· Minimum 10 years professional experience in infrastructure project origination and bidding, investment, business case management and project finance debt raising within a lead equity sponsor, developer or infrastructure advisory firm ideally in the energy industry

· Experience developing and managing infrastructure project finance financial models

· Advanced knowledge of the commercial issues relevant to sponsors of, and investors in, complex greenfield infrastructure projects delivered with private sector funding and the interdependencies with construction and operations contractors

· Industry standing and proven networking capability

· Although not essential, the following would be beneficial:

o Knowledge of electricity transmission sector

o Previous experience in undertaking market analysis and developing well-diligenced views on macroeconomic factors and economic asset revenue streams

o Previous experience structuring transactions for novel and/or emerging infrastructure sectors or commercial frameworks, having regard to competitiveness, market factors and stakeholder drivers

Skills & Attributes:

· Well organised with excellent planning and organisational skills

· Self-starter

· Core capability in project finance

· Strong relationship building (internal and external), influencing and negotiation skills

· Ability to communicate clearly and concisely orally and in writing

· Ability to work effectively in a fast-paced, deadline-driven environment

· Ability to establish, maintain and manage effective relationships and partnerships with diverse internal and external stakeholders, including influencing and negotiating desired outcomes

· Ability to interact with and influence senior management

· Strong Microsoft office skills

Remuneration:

A market-leading remuneration package is negotiable with the successful candidate.

Core company benefits include:

• Generous Company pension contributions

• 25 days annual leave plus public bank holidays (increasing to 30 days with service). Ability to buy additional annual leave

• Annual performance bonus scheme and success-related bonus scheme

• Private family health insurance

• Flexible working

• Cycle to work scheme

• Generous paternity, maternity and adoption policy

Diversity Policy:

Transmission Investment is committed to providing equal opportunities for all, irrespective of race, age, disability, gender, gender reassignment, marital status, pregnancy and maternity, religion or belief and sexual orientation. We also support requests for flexible working arrangements wherever possible. This appointment will be conducted in line with principles of merit, fairness and openness.