Senior Manager, Site Portfolio and Investments

Fortum; Espoo; Hybrid; EUR 120,000 - 180,000; Full time

Benefits offered by this job

Hybrid work model

Comprehensive benefits

Flexible working hours

Job summary

Fortum in Espoo is seeking a Senior Manager for Site Portfolio & Investments to develop and manage a Nordic data center site portfolio from origination to shovel-ready handover, deploying development capital in stages to maximize value created per euro invested.

The role leads capital allocation, land acquisitions, option exercises, and decides on sale, lease, JV, or power-only routes, with investment cases and portfolio valuation, reporting and KPI governance.

Qualifications

• 8+ years in infrastructure, real estate, energy or data center investments, acquisitions, M&A, or portfolio management.
• Proven track record valuing development-stage assets and advancing investment decisions through governance.
• Strong expertise in DCF modelling, asset appraisal, scenario & sensitivity analysis, and ROIC assessments.
• Understanding of data center economics, powered land, and power markets.
• Excellent English language skills; Finnish or Swedish is advantageous.

Responsibilities

• Own portfolio strategy and allocate capital to maximize risk-adjusted value.
• Lead land acquisitions, site options and transactions from valuation to approval.
• Own site investment cases and evaluate sale, lease, JV, and power-only routes.
• Prepare investment cases for acquisitions, site commitments, and development investments.
• Own portfolio valuation, reporting, and value creation KPIs.
• Manage a long-term portfolio with 3–5 year horizons.
• Develop scalable valuation frameworks, business cases, and JV structures.
• Lead portfolio analysis and support JV governance.
• Collaborate with development, commercial, legal and other stakeholders.
• Present recommendations to executive management, Investment Committee and the Board.
• Recommend discontinuing sites that do not meet return requirements.

Skills

DCF modelling

Asset appraisal

Scenario analysis

Sensitivity analysis

Return on capital assessments

Portfolio management

English language skills

Job description

Senior Manager, Site Portfolio and Investments

Perm/Temp: Regular

Espoo, FI

As a Senior Manager, Site Portfolio & Investments, you will develop and manage a portfolio of grid-positioned data center sites across Nordics, overlooking projects from origination through to shovel-ready handover. You will deploy development capital in stages, maximizing the value created from every euro invested.

This role is part of our Corporate Customers and Markets business unit.

About the role

Your responsibilities:

• Own portfolio strategy and allocate capital to maximize risk-adjusted value.
• Lead land acquisitions, site options, and transactions from valuation to approval.
• Own site investment cases and consistently evaluate sale, lease, joint venture, and power-only commercialization routes.
• Prepare investment cases for acquisitions, site commitments, and development investments.
• Own portfolio valuation, reporting, and value creation KPIs.
• Manage a long-term portfolio with investment horizons of 3–5 years.
• Operate in an environment characterized by uncertainty in land values, grid regulations, counterparty credit, and joint venture debt treatment.
• Develop scalable valuation frameworks, business cases, and joint venture structures.
• Lead portfolio analysis and support joint venture governance.
• Collaborate closely with development, commercial, legal, and other stakeholders.
• Present recommendations to executive management, the Investment Committee, and the Board.
• Recommend discontinuing sites that do not meet return requirements.

About you

To succeed in this role, we believe you have:

• 8+ years of experience in infrastructure, real estate, energy, or data center investments, acquisitions, M&A, or portfolio management.
• A proven track record of valuing development-stage assets and advancing investment decisions through governance and committee processes.
• Strong expertise in DCF modelling, asset appraisal, scenario and sensitivity analysis, and return-on-capital assessments.
• An understanding of data center economics, powered land, and power markets.
• Excellent English language skills. Finnish or Swedish language skills are considered an advantage.

We offer you

At Fortum, we believe in a better future and want to be involved in shaping it. Our workplace is a safe place, both physically and mentally. You will grow with professional colleagues, being trusted and free to challenge yourself. We offer comprehensive benefits, flexible working hours, and hybrid work model to support your productivity, development and wellbeing. We are committed to build diverse teams where everyone feels included and is treated equally. More information about our culture and benefits can be found here .

We are Fortum

Fortum is a Nordic energy company. We generate and deliver reliable energy to our customers and the Nordic energy system while at the same time helping industries decarbonise their processes and grow. Our core operations comprise efficient and best-in-class low-carbon power generation, customer services, and heating and cooling. Fortum’s power generation is already 99% from renewable or nuclear sources with one of the lowest specific CO2-emissions in Europe. We are guided by our ambitious SBTi-validated emission reduction targets on our way towards net-zero by 2040. For our ~4,500 employees, we commit to be a safe and inspiring workplace. Fortum's share is listed on Nasdaq Helsinki. fortum.com