Senior Manager, Site Portfolio and Investments

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. Interested? Submit your application latest on the 18th of October. We start contacting suitable candidates already during the application period. If you have questions and would like to hear more about the position, please contact Tuomas Harju via email at Tuomas.harju@fortum.com. 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