Director - Portfolio Management

70 National Wealth Fund Limited; Leeds; Hybrid; GBP 110,000 - 145,000; Full time

Job summary

National Wealth Fund in Leeds seeks a Director to lead the Portfolio Management team, overseeing a growing portfolio of loans, guarantees and equity assets and guiding risk, governance and valuation activities.

You will chair boards where appropriate, drive portfolio performance, develop risk mitigation, and support the Investment Committee with robust reporting and strategic insights. Hybrid role with 3 days in the Leeds office.

Qualifications

• Portfolio and people management skills in an infrastructure context.
• Commercial accountability for high value, sensitive projects.
• Experience across infrastructure sectors including energy, digital, construction or social infrastructure.

Responsibilities

• Oversee portfolio projects, engage sponsors and equity fund managers.
• Represent the Fund on investee boards, leading governance, strategy and risk management.
• Prepare reports for Investment Committee and Credit Committee with risk and pricing insights.

Skills

Portfolio management

People management

Stakeholder management

Infrastructure investment

Job description

Shape the Future with the National Wealth Fund. At the National Wealth Fund, our mission is to swiftly and effectively mobilise trusted sector insights and investment expertise to unlock billions in private finance for projects across the United Kingdom. Providing £27.8bn of capital and an expanded mandate, we are ready to help the market invest with confidence, continue to drive forward the Government's growth ambitions. We are looking for skilled and results oriented individuals who are motivated to help us build the National Wealth Fund into an industry-leading institution. The Portfolio Management (PM) team will oversee the National Wealth Fund's growing portfolio of loans, guarantees and equity assets across all the sectors identified in the National Wealth Fund's framework. The PM team will also provide guidance and portfolio input into the Risk function and will influence the National Wealth Fund's pipeline of new transactions with the aim of delivering a positive financial return. Collectively, the PM team is fundamental to the Fund achieving its mission of investing profitably to reduce UK carbon emissions and support local economic growth.

Location

Hybrid working with a minimum of 3 days per week in the Leeds office.

Salary

£110,000 - £145,000

We are seeking an experienced investment professional to join as Director, with a focus on managing and enhancing our overall portfolio including a number of early-stage, high-growth businesses.

Role Accountabilities

• A highly visible internal and external ambassador, responsible for overseeing key portfolio projects, engaging with project sponsors and equity fund managers, and using specialist expertise to identify when projects are at risk, taking accountability for implementing appropriate and necessary mitigating action to protect the interests of the Fund.
• Represent the Fund on investee company boards where appropriate, leading governance, strategic direction and risk management, including identifying and implementing the National Wealth Fund's exit strategy.
• Provide expert portfolio analysis identify concentration risks, risk mitigation strategies and accurately monitoring portfolio returns to successfully meet the objectives of the Portfolio Management team and the wider mission of the Fund.
• Actively contribute to the design and implementation of the National Wealth Fund's strategic Portfolio Management system to ensure the infrastructure supporting the business is reliable and sustainable.
• Leading valuation assessment of portfolio assets, including maintaining oversight of internal and external financial models, assessing appropriate valuation methodology, and providing support to the Portfolio team with sensitivity analysis and output analysis.
• Manage a high performing team of portfolio managers with the core objective of driving high returns for the Portfolio function as well as fulfilling the strategic objectives of the wider Fund.
• Negotiate and coordinate any required documentation, test covenant compliance, test future financial projections and financial accounts to ensure that deals remain financially sound and aligned to the mission and objectives of the National Wealth Fund.
• Accountable for the approval of required documentation, covenant compliance, testing future financial projections and financial accounts to ensure that deals are legally compliant and will withstand financial scrutiny and thus align to the mission and objectives of the National Wealth Fund.
• Utilising industry expertise and knowledge, be confident in securing appropriate technical support if projects run into difficulties or delay to avoid exposing the Fund to a high degree of risk of loss.
• Lead the preparation of reports for Investment Committee and Credit Committee to inform the Committees about the risks presented by new projects, how those risks should be mitigated and how pricing should be structured.

Knowledge, Skill and Experience Requirements

• Established portfolio and people management skills in an infrastructure context.
• Demonstrable commercial expertise and perspectives combined with a high degree of accountability for high value and sensitive projects.
• Relevant sectorial experience across the broader infrastructure spectrum, which could include the energy, power, digital, construction or social infrastructure sectors.
• Excellent stakeholder management skills with evidenced ability to display the requisite gravitas, credibility and commercial intelligence to proactively and constructively engage both internally and externally across government departments, co-investors as well as the commercial leadership of the businesses/assets receiving debt and equity.
• Excellent consultancy and project management skills, whether internal or external; evidence of ability to quickly understand and digest complex and detailed information in order to offer advice and expertise.
• Investment experience, ideally encompassing equity investment, debt structuring, refinancing, credit analysis, and monitoring/management of portfolios.
• Product experience relevant to the Fund’s product offering: fixed and floating loans, guarantees (including inflation linked debt guarantees), direct equity investment and equity funds.
• A robust understanding of due diligence requirements associated with infrastructure financing including reconciliation of financial models to commercial documentation.
• A career with us offers a unique opportunity to make a lasting impact and work on cutting-edge technologies that will drive the UK’s future.

Benefits and Learning Opportunities

• We offer competitive benefits and unique learning opportunities from combining both private and public sector skills and experience.

We value diversity in our people and inclusion is at the heart of what we do.

The National Wealth Fund encourages a diverse workforce and welcomes applications from all suitably qualified people.

Inclusion is at the heart of what the Fund does.

Diversity in the Fund's people and their ideas will be vital to the National Wealth Fund's success.

Our roles are open to full-time, part-time or job-share applicants.

Job-share applicants should supply individual CVs and a joint cover letter submitted with both applications.

Please note, referencing and background checks are carried out for all roles here at the National Wealth Fund.

As part of our standard hiring process, please be informed that a background check will be conducted for successful candidates in accordance with our company policy and industry best practices.

Please note, that successful candidates will be offered a salary that is appropriate to their relevant experience and performance during the selection process.