Job Title:
Portfolio Management Specialist
At BNP Paribas Real Estate, we are committed to generating a more sustainable future by leading the transition to clean energy.
We are seeking a skilled Portfolio Management Specialist to join our team in Madrid/Seville. As a key member of our portfolio management function, you will play a crucial role in supporting the creation and evolution of our management strategy for solar PV and energy storage systems across the globe.
Key Responsibilities:
* Manage and be responsible for specific assets and/or portfolios, ensuring the delivery of the investment case.
* Support the handover from the investment team of acquired projects and/or internally developed projects (across different geographies for international funds), ensuring alignment and cooperation of all involved areas (investment, construction, ESG, fund management, and asset management).
* Manage key project contracts of the assets/SPV, including sale and purchase agreements, during the lifetime of the investment, identifying proper actions to be taken in coordination with senior members of the Portfolio Management Team and the Investment Team.
* Be conversant with contract writing, incorporating necessary legal clauses needed to safeguard the business.
* Ensure consistent oversight of information flow into internal and external reporting.
* Assume the role of Director of SPVs for allocated assets and/or portfolios, if required.
Relationship with the Asset Manager:
* Oversee technical, financial/debt management, and commercial activities of the asset manager (WiseEnergy) to drive best outcomes for the assets and compare them against scope of work under relevant agreements.
* Regularly meet with WiseEnergy to identify key risks and discuss action plans proposed by Report to senior members of the Portfolio Management Team and relevant stakeholders as necessary.
* Support and jointly discuss approach with WiseEnergy for activities falling outside business as usual.
* Overview WiseEnergy's management of all contracts in place with the SPVs, providing support when needed.
* Review and comment periodic reports and data from WiseEnergy regarding performance of the portfolios (technical, finance, loan/debt management, commercial, and ESG outcomes).
* Support WiseEnergy in negotiation of all relevant operational contracts (i.e., O&M, PPAs, H&S) and selection of new contractors.
* Highlight areas of improvement in relation to WiseEnergy activities to senior members of the Portfolio Management Team (where appropriate).
* Periodic review of budgets and monthly variations and cost allocation, identify root causes trends or areas where actions need to be taken, especially in relation to potential cash shortfall.
Internal Responsibilities:
* Ownership of assigned assets/portfolios financial outcomes, including operational budget definition, revenue optimization, and Opex reduction strategies.
* Identify key activities and risks to be reported in recurring meetings to various internal and external stakeholders (investors, head of fund, top management).
* Identify long-term trends in performance of the portfolios and definition of short- and medium-term plans for asset health, and discuss them with senior members of the Portfolio Management Team and other relevant internal stakeholders.
* Support Senior Portfolio Managers for out-of-the-ordinary and strategic projects and liaise with WiseEnergy's dedicated team to implement them.
* Identify key gaps or improvements in operational contracts (i.e., EPC, O&M) and provide feedback to relevant team.
* Collaboration with other internal teams, like investment, energy sales, construction, and procurement, etc.
* Train and manage Junior Portfolio Manager tasks in conjunction with other Portfolio Managers (if applicable).
Skills & Competencies:
* Time management & prioritization skills - things can get a little hectic, so ability to effectively manage yourself and your workload is critical.
* Excellent communication skills (in English or/and other European languages) - you must be able to organize your thoughts in a way that others find clear and compelling. You will be expected to write well-written, grammatically correct emails and other communications. When communicating verbally – whether over phone, on video calls, in person, or in meetings – you will need to be articulate, warm, and engaging.
* Flexibility - being an effective team player means being flexible in your approach and open to getting involved with new things, even if they are not spelled out in your job description.
* Intellectual Curiosity – we are looking for someone who is truly interested in our profession and has intellectual curiosity to delve deep into topics and bring fresh ideas into the team.
* IT Literacy - you need to be comfortable with IT systems and working with data (you should have at least intermediate-level Excel).
* Delivery focus – it may sound obvious, but ability to proactively churn through work at pace and deliver quality outputs really matters.
* Strong critical thinking and problem-solving skills.
* PASSION FOR OUR MISSION 'TO GENERATE A MORE SUSTAINABLE FUTURE BY LEADING THE TRANSITION TO CLEAN ENERGY.'
* Our values: be a leader, build trust, be responsible, be innovative, and 'bring your alpha'.
Experience & Qualifications:
* 3-5 year experience as asset manager/portfolio manager in renewable energy market, preferably solar.
* Experience in management of solar assets in Iberia and/or Chile, knowledge of the market and key players.
* Bachelor's Degree with quantitative focus (e.g., Finance, Economics, Engineering, Environmental Science, Mathematics).
* Good understanding of contracts.
* Knowledge Italian language (desirable).
What We Offer:
* A busy role in a supportive team, with plenty of opportunities to learn.
* International scope – we operate in over 8 countries.
* Hybrid working – we will need you in the Madrid/Seville office at least twice a week, but you will normally be able to work remotely for remainder of the week.
* 38 days' holiday per year (including local bank holidays and 3 days which are taken during festive shutdown in December).
* Private Healthcare.
* Annual discretionary bonus.