Location: London OR Sheffield OR Flexible
Contract: Permanent (x4 roles available)
Hours: Full Time 37.5 hours per week
Salary: Up to £52,500 per annum max depending on experience
Benefits package: 30 days annual leave plus bank holidays, opportunity to buy and sell holiday
15% employer pension contribution, performance related bonus
Flexible working, cycle to work scheme, healthcare cash plan and life assurance
Paid voluntary day, maternity adoption, and shared parental leave
Voluntary benefits designed to suit your lifestyle - from discounts on retail and socialising, to health & wellbeing, travel, and technology...and plenty more
The principal focus of this role is to work with our service agent and portfolio companies to manage in-life events such as conversions, variations and events of default. This position will also work with the Future Fund Analysts in preparation of the ongoing portfolio monitoring and reporting.
As manager, you will be a first point of contact for portfolio companies; engaging with company management to facilitate successful completion events and transactions, both prior to and after conversion to equity. You will review documentation from companies to ensure all in-life events have been met and are in accordance with the Future Fund Convertible Loan Agreement, and well as work with internal teams and legal advisers to scrutinise documentation received from companies. Additionally, you will support the Future Fund team to scrutinise and assess the portfolio as part of the ongoing performance and valuation reviews, being the Future Fund point of reference for information on the Salesforce-based Future Fund portfolio administration system, for a prescribed set of portfolio companies, and escalate issues as appropriate to senior management and the Bank's Investment Committee.
You must have at least 3 years' experience of working in a fund management, investment banking, corporate finance or commercial lending environment with experience of working directly with portfolio companies and management teams. You will have a significant understanding of business governance and transactional processes, including business structures and ownership, the role of investors, and key governance and operational documents including articles of association, subscription, investment and shareholder agreements, accounts and other contracts. You will have substantial operational knowledge of Microsoft Office software, experience of building and maintaining good working relationships with stakeholders and customers and of developing external networks to mutual advantage, and demonstrable experience of report writing and Management Information (MI) reporting.
Ideally, you will have experience of venture capital and a knowledge of equity investment transactions is desirable, including methods for investors to exercise and maintain influence, and to exit from their interest in a business successfully, experience of Equity Valuation methods and modelling, of operating within or advising SMEs in a financial capacity, using Power BI and Salesforce or similar CRM/case management software, and experience with insolvency /administration/liquidation procedures, as well as managing volume/large scale portfolio of investments
You will have excellent stakeholder management skills including the ability to manage difficult conversations, excellent communication skills, both written and verbal. You will be a proactive leader with integrity and desire to uphold best practice within governance, and be able to work flexibly and with ambiguity, as well as to work collaboratively as part of a team in order to achieve measurable results.
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The British Business Bank is a unique and exciting institution. Its mission is to make finance markets work better so smaller businesses across the UK can prosper and grow.
Established in 2014, it is a 100% government-owned economic development bank but independently managed.
To deliver its programmes, the Bank works through more than 200 delivery partners such as high street, digital, specialist and challenger banks, venture capital and private debt funds and fintech platforms.
Currently, we employ around 440 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.