Portfolio Associate

NextGenEnergyJobs; Greater London; Hybrid; GBP 70,000 - 100,000; Full time

Job summary

NextGenEnergyJobs is seeking an experienced valuation professional to own quarterly updates for a portfolio including offshore wind assets. You will manage DCF models, refresh assumptions and prepare concise valuation papers for senior stakeholders.

The role requires strong financial modelling, advanced Excel capabilities and the ability to challenge assumptions while maintaining commercial relationships with asset managers. You will support external valuers and contribute to investment analysis.

Qualifications

• 4+ years of relevant experience in valuation or infrastructure finance.
• Experience in infrastructure, renewable energy, asset management or project finance.
• Strong modelling ability including discounted cash flow and debt modelling.
• Excellent written skills for valuation papers and investor-facing documents.

Responsibilities

• Own quarterly valuation updates for assets including offshore wind portfolio, updating DCFs and assumptions.
• Develop valuation drivers: power price, operating costs, debt, inflation, FX, taxes and regulatory factors.
• Improve models with Excel/VBA and automation; explore AI/data tools to reduce manual effort.
• Support external valuers and auditors; reconcile outputs and ensure defensible conclusions.

Skills

Valuation modelling

Advanced Excel

Financial analysis

Communication skills

Questioning assumptions

Education

CFA/ACA/ACCA (progress towards)

Tools

DCF modelling

VBA

Job description

Help us make a big green dent in the universe.

Key Responsibilities

• Valuation ownership and model operation: Own and deliver quarterly valuation updates for assigned assets which will include Sky’s offshore wind portfolio. This will include updating DCF models, refreshing assumptions, reviewing outputs, preparing valuation bridges, identifying key movements and ensuring valuation conclusions are accurate, well-supported and clearly explained. Contribute to Valuation Committee papers, including valuation summaries, movement analysis, key judgements, risk areas, sensitivities and recommendations. Ensure papers are clear, concise and decision-useful, with enough evidence for senior stakeholders and Valuation Committee members to understand and support the valuation position.
• Valuation assumption ownership: Develop a deep understanding of valuation drivers, including power price assumptions, generation, availability, operating costs, asset life, merchant exposure, debt structures, discount rates, inflation, FX, tax and regulatory or contractual considerations. Work closely with asset management teams to understand operational performance and forecast assumptions. Challenge assumptions where evidence is weak, inconsistent or not aligned with valuation practice, while maintaining a constructive and commercial relationship with asset managers.
• Model Improvement: Use new tools to improve model consistency, control and efficiency. Maintain, improve and simplify models where appropriate, including through advanced Excel, VBA, automation or other tools. Help identify where AI and data tools could reduce manual effort, improve review quality or strengthen valuation insight.
• Independent valuer and audit support: Support engagement with external valuers, auditors and other advisers. Prepare analysis, answer queries, reconcile outputs and help ensure valuation conclusions are defensible under internal governance and external review
• Portfolio enhancement and value creation: Identify opportunities to enhance portfolio value through refinancing, optimisation of capital structures, asset life extensions, operational improvements and strategic portfolio actions. Develop business cases, undertake financial analysis, work alongside asset management teams to implement initiatives and track realised value creation over time. Monitor the impact of optimisation initiatives and quantify value created through refinancing, operational improvements, contract optimisation and strategic decisions.
• Portfolio management: Support the delivery of the annual performance targets of your allocated portfolios by supporting the asset management team on commercial decision making.
• Debt modelling, financing assumptions and treasury products: You will understand the debt structures in place within your asset portfolios and ensure that all lender requirements are understood and complied with. Ensure debt, refinancing, covenant, hedging, FX and interest-rate assumptions are appropriately reflected in the short term asset budgets and valuation models and committee materials. Assess covenant optimisation and refinancing opportunities.
• Reporting, data and KPI ownership: Monitor investor returns, track record and other asset and fund KPIs, ensuring accurate data and informative forecasts. Ensure new acquisitions assigned to you are onboarded into the fund management and valuation process effectively, with clear ownership, assumptions, controls and reporting outputs.
• Investor Relations: Support the creation of investor reports and other materials, ensuring information is accurate, relevant and clearly presented. Support follow-on fundraising and due diligence processes through the provision of high-quality data, analysis and valuation commentary.
• Investment and transaction support: Support new acquisitions, disposals, restructurings and portfolio decisions through valuation analysis, model review, sensitivity analysis and input into investment or committee papers. The analysis will be used by the Fund Managers to assess the desirability of the new investments and the impact of the fund. Ensure new assets are onboarded into the valuation process with clear ownership, assumptions and controls.
• Detail orientated, taking accountability for the accuracy of every output. Able to self review.
• Able to plan ahead but also work under pressure, always delivering to deadlines.
• Able to interpret information and distil concisely
• Able to demonstrate good verbal and written skills
• Able to collaborate. A team player, flexible in approach and able to support others as necessary.
• Thrive in a fast moving business, able to see solutions where others see problems, passionate about improving processes, models and customer outcomes. Excited, not overwhelmed by a challenge.

Requirements

• Minimum of 4 years relevant working experience.
• Previous experience of working in infrastructure, renewable energy, infrastructure asset management, project finance or infrastructure valuation. Offshore wind experience specifically is advantageous.
• Experience of modelling, specifically, discounted cash-flow modelling and debt modelling skills. A modelling test will be part of the recruitment process. Advanced excel capabilities.
• A strong understanding of fund management processes for debt and equity for listed funds
• Strong written skills, with experience preparing valuation papers, investment papers, committee papers, board materials or investor-facing analysis.
• Strong financial acumen. Progress towards CFA, ACA, ACCA or another relevant qualification would be advantageous.