|Location:||Greater London, South Yorkshire|
|Job Type:||Full Time|
Location: Sheffield or London
Hours: Full Time
Salary: Up to £75,000 p/annum depending on experience and location
Benefits package: 30 days annual leave plus public holidays, pension scheme with 15% employer contribution, life assurance, flexible working, healthcare cash plan, group income protection, cycle to work scheme and performance related bonus.
As Senior Manager Future Fund you will work in the team responsible for managing the portfolio of investments of the Future Fund within our Venture Solutions team. This team will grow significantly over the next two years.
The Future Fund issues convertible loans to innovative UK Companies with good potential that rely on equity investment. It is part of a package of interventions announced by the Chancellor to support businesses that were losing revenue and seeing their cashflow disrupted as a result of the COVID 19 outbreak. The Future Fund opened for applications in May 2020. The Future Fund team manage the portfolio of several hundred companies who have been successful in their application for a convertible loan. The Bank’s Future Fund team is supported by an external service agent who manages the applications process and will continue to support the Bank with portfolio administration.
Reporting to the Director Future Fund, you will design and improve processes and procedures for portfolio administration and reporting, working closely with our service agent. You will build expertise on the use of our Salesforce-based reporting system and other systems used within the Bank. The Senior Manager will lead on more complex conversion events and other corporate events where Future Fund is a significant shareholder. You will carry out quarterly portfolio reviews and work closely with teams including Legal, Risk, Finance and specialist advisers as required to complete conversion, redemption, and other events through the life of the investment.
You will have experience of working in fund management, investment banking, corporate finance or a commercial lending environment. You will have a working knowledge of business governance and transactional processes and understand company ownership and governance documents including articles of association, subscription, investment and shareholder agreements, accounts and other contracts. It is preferred that you have a background in venture capital, venture debt or financing of Small and Medium Sized Enterprises (SMEs). It would also be of benefit to have experience in managing a large-scale portfolio of investments and advising SMEs in a financial capacity. Experience of Salesforce or similar CRM/case management software is also preferred.
You will be a motivated self-starter with an ability to work confidently and collaboratively with colleagues. You will have excellent communication skills with integrity and an eye for detail. You should be educated to degree level or hold equivalent experience.
For details of the Future Fund please visit this link:
The British Business Bank is a unique and exciting institution. Its mission is to help drive economic growth by making finance markets work better for small businesses - wherever they are in the UK and wherever they are on their business journey - enabling them to grow and prosper.
Established in 2014, it is a 100% government-owned economic development bank organised as an arm’s length body with an independent Board.
To deliver its programmes, the Bank works through more than 150 finance partners such as high street and digital banks, leasing companies, venture capital and private debt funds and fintech platforms.
Currently, we employ around 390 people, split between offices in Sheffield and London.
Please note all candidates applying for this role should have the right to work in the U.K.
in the U.K.