Investment Manager

British Business Bank; Sheffield; Hybrid; GBP 47,000 - 58,000; Full time

Job summary

A government-owned economic development bank is seeking an Investment Manager to join its Enterprise Capital Funds team in Sheffield. This role involves managing fund manager interactions, appraising investment proposals, and preparing detailed analyses. The ideal candidate has extensive experience in financial services, particularly in fund-of-funds investing. The position supports flexible working and offers a competitive salary alongside generous benefits.

Benefits

30 days annual leave

15% employer pension contribution

Flexible working

Healthcare cash plan

Paid voluntary days

Qualifications

• Experience in a financial services role, such as fund management or investment banking.
• Strong organizational skills and attention to detail.
• Excellent verbal and written communication skills.

Responsibilities

• Critically appraise new fund investment proposals.
• Prepare investment papers and feedback on proposals.
• Review legal documentation in line with commercial terms.

Skills

Financial services experience

Commercial understanding of fund-of-funds investing

Organizational skills

Excellent communication skills

Education

Degree in an analytical discipline

Job description

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Overview

Investment Manager

Application Deadline: 21 October 2025

Department: Funds 1

Employment Type: Permanent

Location: Sheffield

Compensation: GBP 47,500 - GBP 57,750 / year

Description

Investment Manager - Enterprise Capital Funds

Location: Sheffield / Hybrid Working

Contract: Permanent

Hours: Full time 37.5 hours per week/flexible days and/or hours (Mon-Fri)

Salary: GBP 47,500 - GBP 57,750 Depending on Experience

Please note that any same band and job family internal moves will not present any pay increase

Key Benefits

• 30 days annual leave plus bank holidays, opportunity to buy and sell up to 5 days holiday
• 15% employer pension contribution
• Flexible working
• Cycle to work scheme, healthcare cash plan, Group Income Protection and life assurance
• Paid voluntary days, maternity, paternity, adoption, and shared parental leave
• Benefits designed to suit your lifestyle - from discounts on retail and dining, to health and wellbeing, travel, and technology...and plenty more

About Us

The British Business Bank is a government-owned economic development bank with a clear mission: to make finance markets work better for smaller businesses. Our Enterprise Capital Funds (ECF) programme is designed to increase the supply of equity capital to high-growth UK SMEs and strengthen the UK's venture capital ecosystem.

The ECF programme is one of BBB's longest standing and most successful programmes, with GBP 1.4bn committed across 50 funds under 39 different managers since its inception. This has supported over GBP 2.5bn of funding being committed to funds investing in UK early-stage equity. The programme enables new and emerging fund managers to invest in UK SMEs with high growth potential, while also facilitating the development of their own track record and attraction of private capital. The outcomes of the recent Spending Review have meant there will be increased activity in this programme over the coming years (in addition to new initiatives being introduced) and as such the investment activities for the team are expected to significantly grow over time.

We are now seeking an Investment Manager to join our ECF investment team - and this represents an opportunity to help shape and deliver a cross-team approach to investment within the ECF and the wider Investment Business and build a career in UK venture capital.

The Role

As an Investment Manager, you'll be a point of contact for the team with prospective fund managers throughout the ECF investment process - from assessment and due diligence to onboarding. You'll also contribute to new initiatives such as the Investor Pathways Capital programme and other projects across the Investment Business as required.

Responsibilities

• Critically appraise new fund investment proposals, analysing team dynamics, track record, investment strategy, financial terms, and sources of private capital.
• Prepare investment papers and feedback on proposals, participate in calls and pitch meetings, and carry out due diligence on potential investments.
• Review investment legal documentation in line with agreed commercial terms, working with internal colleagues and external legal advisors.
• Promote BBB-managed funds by producing publicity materials and attending relevant events.
• Prepare reports and pipeline analyses for internal stakeholders and ensure accurate, timely recording of investment opportunities.
• Arranging and leading calls and meetings with external stakeholders interested in our programmes.

About You

We're looking for someone with a strong background in financial services and a good commercial understanding of fund-of-funds investing and/or small business finance. You'll be comfortable managing multiple priorities, building excellent relationships, and applying analytical skills to complex investment opportunities.

Essential Skills & Experience

• Experience in a financial services role (e.g. fund management, investment banking, consulting, corporate finance, commercial lending, or investment environment).
• Good commercial understanding of fund-of-funds investing and/or small business finance.
• Strong organisational skills, attention to detail, and ability to meet deadlines.
• Excellent communication skills, both written and verbal.

Desirable Skills & Experience

• Experience of business transactions, project/transaction management, relationship management, and financial/investment analysis.
• Due diligence experience.
• Relevant investment qualifications (e.g. IMC, CFA).

Qualifications

• Degree in an analytical discipline (Economics, Accounting, Law, Engineering, Science) or equivalent professional experience.

Why Join Us?

At the British Business Bank, you'll work in a collaborative, mission-driven environment where your expertise helps shape the UK's investment landscape. We offer a competitive salary, hybrid working (generally 3 days per week in the office), generous benefits, and the opportunity to make a meaningful impact on UK SMEs.

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