Director - Portfolio Management

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

Job summary

National Wealth Fund Limited is seeking an experienced Director for Portfolio Management to oversee a growing portfolio of loans, guarantees and equity assets. The role is hybrid with a Leeds office and focuses on governance, risk management and value creation across the portfolio.

You will lead the portfolio strategy, coordinate with investment and risk teams, and mentor a high-performing PM group to ensure robust returns aligned with the Fund's mission.

Qualifications

• Established portfolio and people management skills in an infrastructure context.
• Demonstrable commercial expertise with accountability for high-value projects.
• Excellent stakeholder management across internal and external actors.
• Strong consultancy and project management capabilities with fast comprehension of complex information.
• Investment experience including equity, debt structuring, credit analysis and portfolio monitoring.
• Experience with fixed and floating loans, guarantees, direct equity investments and funds.
• Robust understanding of due diligence for infrastructure financing.

Responsibilities

• Oversee key portfolio projects and engage with sponsors and fund managers.
• Represent the Fund on investee company boards, lead governance and risk management.
• Monitor portfolio returns and implement risk mitigations to meet objectives.
• Contribute to design and implementation of Portfolio Management system.
• Lead valuation assessments and oversee financial models and sensitivity analyses.
• Manage a high-performing portfolio management team to drive returns.
• Coordinate documentation, covenant testing and financial projections for deals.
• Prepare materials for Investment Committee and Credit Committee, outlining risks and pricing.

Skills

Portfolio management

Commercial acumen

Stakeholder management

Consultancy skills

Project management

Investment experience

Equity & debt

Product experience

Due diligence

Infrastructure background

Job description

Shape the Future with the National Wealth FundAt 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.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.Location: Hybrid working with a minimum of 3 days per week in the Leeds office.Salary: £110,000 - £145,000Deadline to Apply: 1st November 2026. Early submission is encouraged, and applications will be reviewed on an ongoing basis.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. We value diversity in our people and inclusion is at the heart of what we do.We offer competitive benefits and unique learning opportunities from combining both private and public sector skills and experience. Please note, referencing and background checks are carried out for all roles here at the National Wealth Fund.