Job Title OFTO Transaction Manager
Salary from £59,200, up to 15% bonus and health cover
Help us create a better future, quicker
The OFTO Transaction Manager is part of the Business Performance Team for the Global Offshore Business reporting to the Head of Regulated Transactions. The Offshore Transmission Owner (OFTO) Transactions 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 both the regulator, 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.
Working closely with geographically diverse teams of internal specialists and external consultants, you will coordinate key activities across the OFTO transaction process, ensuring effective collaboration and successful delivery of programme objectives. You will organise, plan and manage transaction activities in line with the regulated programme, while taking ownership of key sub-workstreams and contributing to overall transaction success.
You will oversee vendor due diligence activities, ensuring project data rooms provide accurate analysis and robust justification for costs incurred. Acting as a key point of contact, you will manage information requests from Ofgem and prospective OFTO bidders, ensuring timely, accurate responses and supporting the efficient progression of the transaction through each stage of the divestment process.
Building strong relationships with stakeholders at all levels, including senior internal leaders, regulators, government bodies and external counterparties, you will provide regular progress updates, secure required approvals and drive positive outcomes. You will also identify innovative solutions to challenges, influence cost allocation processes to demonstrate value and efficiency, and capture lessons learned to support continuous improvement across future projects.
- Advanced interpersonal and internal networking skills i.e. able build effective working relationships at all organisational levels, strong influencing skills, able to challenge at different levels in the business/project
- Clearly articulate requirements and expectations and hold ‘the responsible’ to account
- Problem solving skills across a wide range of issues and subject matters.
- The ability to multi-task and prioritise key tasks, while building and managing relationships across a range of external organisations and individuals each with potentially differing views, aims and objectives.
- Self-motivated and able to take initiative and manage time effectively.
- Experience in leading contractual negotiations of and managing multiple multi-million- pound complex contracts against time pressures and/or business objectives
- Strong ability to manage own performance with focus on delivery within a varied and challenging workload whilst producing high quality results.
- At short notice, can assess and deliver results on any commercial issue or project.
- 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 and procurement management
- The candidate must be a team player, able to work in a pressured environment with the ability to see the global picture as well as the long-term implications of today’s decisions
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:
Plus shopping, leisure, restaurant and gym discounts, and unique employee deals on travel insurance and more
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] .
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.
