OFTO Transaction Manager

Job Title OFTO Transaction Manager

Location Glasgow

Salary from £59,200, up to 15% bonus and health cover

Flexible Working Pattern 

Help us create a better future, quicker 

The Offshore Transmission Owner (OFTO) Transaction Manager is part of the UK Business Performance Team within the Global Offshore Business reporting to the Head of Regulated Transactions. The OFTO Transaction Manager is responsible for managing all commercial aspects of the UK offshore wind business OFTO divestment process.

The OFTO Transaction Manager, together with the Senior Transaction Manager and OFTO Transaction Cost Manager, will manage the OFTO divestment process for Iberdrola and will develop and maintain relationships with Ofgem and the Project Teams to ensure that the maximum value is recovered through the sale process.

The OFTO Transaction Manager will be working as part of a global business with activities in many countries across Europe and the rest of the world. The position may require frequent travel to various locations in the UK.

What you’ll be doing 

· Communicate with geographically diverse multi-functional teams of external consultants and internal experts from across the Global Offshore Wind business.

· Oversee the vendor Due Diligence process, ensuring that the data room provides full analysis of the project and justification for costs incurred.

· Develop and maintain effective relationships with all relevant stakeholders, including but not limited to internal Heads of/Director level, Ofgem, Preferred Bidder for EA2, future OFTO bidders and DESNZ etc. to support the successful delivery of the OFTO Transaction.

· Manage information requests from Ofgem, the Preferred Bidder for EA2, and the future OFTO bidders during the OFTO transaction process to ensure accurate and timely responses are provided.

· For the Offshore projects in the UK, influence the cost allocation process to ensure that OFTO costs are clearly identified and evidence is available to prove that they have been efficiently and economically incurred.

· Accountable for the successful delivery of key transaction sub-workstreams within the wider OFTO transaction workstream.

· Provide regular updates to relevant stakeholders throughout the business on the progress of the transaction and gain approval at the appropriate time/level to progress the transaction through each stage of the divestment process.

· Implement a lessons learned process and hold periodic lesson learned sessions to ensure future projects benefit from experience.

· Develop innovative and creative solutions to resolve conflicts internally and with counterparties to ensure a successful transaction.

· Organise and plan the activities required for the OFTO Transaction in line with the regulated programme and ensuring that wider objectives set by the Head of Regulated Transactions and Senior OFTO Transaction Manager are delivered.

What you’ll bring 

· Ability to interpret, assess and constructively challenge financial, technical, legal and commercial analysis, drawing on relevant experience within the offshore wind, renewable energy, or oil and gas sector to test project assumptions, identify material risks and opportunities, and support informed decision-making across complex infrastructure transactions.

· Experience managing due diligence, information memoranda, disclosure processes, data room content and bidder or regulator information requests to support robust transaction delivery.

·Strong commercial judgement and the ability to identify, assess and manage contractual,

financial, technical, legal and regulatory risks throughout the OFTO divestment process.

· Advanced interpersonal, stakeholder management and internal networking skills with the ability to build effective working relationships at all organisational levels, influence outcomes and constructively challenge across business, project and external stakeholder groups.

· Clearly articulate requirements, expectations, risks and commercial positions, and hold responsible parties to account for timely delivery of information, actions and agreed outputs.

· Strong problem-solving skills across a wide range of issues and subject matters including the ability to develop pragmatic commercial solutions to resolve issues, conflicts or competing objectives internally and with counterparties.

· The ability to manage multiple workstreams and prioritise key tasks, while working with multi-disciplinary, multi-location teams and external advisers, each with potentially differing views, aims and objectives, under regulated programme timescales.

· Self-motivated and delivery focused with the ability to take initiative and manage time effectively and produce high-quality outputs across a varied and challenging workload.

· Strong ability to manage own performance, with focus on delivery within a varied and challenging workload whilst producing high-quality results.

· Able to assess and respond to commercial issues at short notice, presenting clear recommendations to senior stakeholders to support decision-making and approvals.

· Good understanding of health and safety principles and their application in the management of large-scale projects and assets and associated activities

· Experience of quality standards, procurement management and governance processes relevant to complex infrastructure or energy transactions.

· The candidate must be a team player, able to work effectively in a pressured environment balancing detail with the wider strategic and long-term implications of commercial decisions.

What’s in it for you 

As well as a competitive salary which is reviewed annually, you can also enjoy a number of other benefits. With our pension scheme, we’ll double match your contribution up to a company contribution of 10%. 

At ScottishPower, we believe it’s the little things we do in life that make a big difference. From helping you look after your family’s wellbeing, save for your future and take personal steps for climate action – our benefits are designed to help you do just that - so that you have everything you need to take care of your world – today and tomorrow. That’s why our benefits include: 

• 36 days annual leave 

• Holiday Purchase – perfect your work/life balance with extra annual leave 

• Share Schemes 

• Payroll Giving and Charity Matched Funding 

• Technology Vouchers – save more and spread the cost of your technology purchases 

• Electric Vehicle Schemes – to help you transition to green/clean driving 

• Cycle to Work scheme and Public Transport Season Ticket Loans 

• Healthcare benefit options including: Dental Insurance, Private Medical Insurance, Health Cash Plan and annual Health Assessments 

• Life Assurance (4x salary) 

• Access to Savesmart financial wellbeing support 

• Plus shopping, leisure, restaurant and gym discounts, and unique employee deals on travel insurance and more 

Why ScottishPower 

ScottishPower is part of the Iberdrola Group, one of the world’s largest integrated utility companies and a world leader in wind energy. With a commitment to generate all of our energy from renewable resources and a drive to create the energy infrastructure of the future, we’re at the forefront of the journey to Net Zero and investing over £6m every working day to make this happen. With diverse opportunities across our businesses and a commitment to invest in our own internal talent, ScottishPower can offer people real career opportunities that meet personal and professional goals, in a global organisation. 

Inclusion, diversity, and a social purpose are at the heart of everything we do. Together with our values, they bring us together into a stronger, more sustainable business with direct links to the communities we serve. It takes all kinds of people to build a large-scale business like ours, so whatever your background, you’ll fit right in. 

ScottishPower is committed to providing reasonable support or adjustments in our recruiting processes for candidates with disabilities, long term conditions, mental health conditions, or who are neurodivergent or require pregnancy-related support. If you need support, please reach out to [email protected]. 

Mobility

Please note that any applicant who is not a citizen of the country of the vacancy will be subject to compliance with the applicable immigration requirements to legally work in that country. If/when required, the Company will support the employee with the necessary Immigration requirements.

IMPORTANT 

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