Milan, Madrid

ABOUT THE ROLE

Data4 is looking for a Senior Associate to reinforce the technical function of its investment team.

The position will support the assessment and underwriting of new data centre development opportunities, primarily in Europe, ensuring that technical considerations are fully embedded into investment decision-making. The role sits at the intersection of infrastructure investment, engineering and development, contributing to risk mitigation, value creation and disciplined capital deployment.

Act as a technical and development contributor within transaction processes, combining engineering and financial thinking to translate project realities into clear commercial implications, risk positioning and structured inputs to investment decisions.

RESPONSIBILITIES

Technical Due Diligence

Coordinate technical, environmental and site diligence for new investment opportunities
Assess site constraints, permitting risks, design concept, buildability and delivery strategy
Review capex build-up assumptions, technical scopes and contractor strategies
Support evaluation of project schedules and identification of delivery and interface risks

Technical–Financial Integration

Build / calibrate operational models (capex, opex, risks) as inputs to valuation models
Translate technical findings into inputs for financial models led by the investment team
Provide capex, schedule and general risk scenarios to support underwriting cases

Commercial Translation of Technical Risk

Apply a developer mindset when challenging business assumptions, anticipating real delivery and construction constraints
Support preparation of investment papers and investor / lender technical narratives
Ensure technical considerations are reflected in negotiation strategy and deal structuring

Development & Delivery Insight

Assess the robustness and maturity of technical concepts from a developer perspective
Identify execution choices that impact scalability, resilience and long-term performance

RESPONSIBILITES IN TERMS OF IMS CERTIFICATIONS

Respect and enforce certification policies in terms of:

H&S: Respect and enforce health and safety rules.
Environment: Respect and enforce environmental policies.
Information security: Respect and enforce information security policies
Energy: Respect and enforce the policy of reducing energy consumption.

REQUIREMENTS

Position can be based in Aldobendas, Spain or Cornaredo, Italy.

Education and experience

5–8 years’ experience in the data center industry, or in complex infrastructure projects
Previous experience with a project developer, infrastructure investor, or technical advisor with hands-on investment exposure
Transaction or due diligence experience strongly preferred
Exposure to TMT / digital infrastructure highly valued

Technical skills

Solid understanding of data center technical systems and development lifecycle
Strong sense of project ownership and a solution-oriented mindset, with motivation to take increasing responsibility
Proven ability to build and calibrate operational models feeding into financial models
Comfortable working in fast-paced transaction environments
Pragmatic and delivery-oriented, with ability to move from analysis to actionable solutions
Comfortable operating in uncertain environments, with strong intellectual curiosity and structured problem-solving approach
Combines technical depth with financial and commercial mindset

Behavioral skills

High work ethic, curious and eager to grow in a platform investment role
Eager to take on responsibility early and grow into a technical investment leadership role
Comfortable operating across technical, commercial and financial disciplines
Willing to travel frequently across European markets and flexible on location
Fluent English required; French strongly valued; additional European language a plus