Manager - Investments

West Midlands Combined Authority; Birmingham; Hybrid; GBP 50,000 - 70,000; Full time

Benefits offered by this job

Local Government Pension Scheme

Healthcare plans

EV car benefit scheme

Discounted gym membership

Job summary

The West Midlands Combined Authority is seeking a Manager - Investments to lead financial analysis, appraisals and due diligence across housing, regeneration, infrastructure and development investments. You will coordinate multi‑disciplinary teams to ensure robust, well‑governed investment decisions aligned with regional priorities.

You will support appraisal through execution and ongoing monitoring, reviewing financial data from borrowers and partners, and developing tools and procedures to

Qualifications

• Experience analysing complex commercial real estate, regeneration, housing or infrastructure investments.
• Experience supporting investment appraisals, transaction execution and investment decision‑making.
• Experience coordinating technical, legal and financial due diligence.
• Experience monitoring live investments, including drawdowns, milestones and funding conditions.
• Experience preparing or reviewing investment business cases, appraisal reports or decision papers.
• Experience working within a regulated funding environment.

Responsibilities

• Undertake financial and commercial analysis of proposed investments, including development appraisals, cash-flow forecasts, sensitivities, funding structures and repayment assumptions.
• Support the preparation of clear, evidence-based investment recommendations and decision papers.
• Coordinate financial, legal, technical and commercial due diligence with internal colleagues and external advisers.
• Support transactions from initial appraisal through approval, legal completion, drawdown and ongoing monitoring.
• Review and challenge financial information submitted by borrowers, developers, advisers and delivery partners.
• Monitor live investments against agreed milestones, covenants, funding conditions, repayment profiles, forecasts and financial performance.
• Track conditions precedent, approval requirements and post-approval actions.
• Prepare reports, briefings and supporting documentation for investment panels, boards and committees.
• Maintain accurate investment records, decision logs and performance information to support governance and audit requirements.
• Help develop appraisal tools, templates, operating procedures and monitoring frameworks as the investment function grows.

Skills

Financial modelling

Investment appraisal

Due diligence coordination

Stakeholder management

Report writing

Analytical thinking

Regulated funding experience

Development appraisals

Risk assessment

Communication skills

Education

Finance/Real estate degree

Job description

The West Midlands is entering an exciting period of investment, regeneration and economic growth. At the West Midlands Combined Authority, we are developing our in-house investment capability to support the mobilisation and deployment of devolved investment funds across housing, regeneration, infrastructure, and commercial and mixed-use development.

As Manager - Investments, you will support the appraisal, structuring, execution and ongoing management of complex investment transactions. You will provide detailed financial analysis, coordinate due diligence, assess commercial and delivery risks, and monitor live investments to help ensure our decisions are commercially robust, well governed and aligned with regional priorities.

This is an opportunity to combine strong financial and commercial skills with work that will help unlock investment, development and regeneration across the West Midlands.

What you will be doing.

• Undertake financial and commercial analysis of proposed investments, including development appraisals, cash-flow forecasts, sensitivities, funding structures and repayment assumptions.


• Support the preparation of clear, evidence-based investment recommendations and decision papers.


• Coordinate financial, legal, technical and commercial due diligence with internal colleagues and external advisers.


• Support transactions from initial appraisal through approval, legal completion, drawdown and ongoing monitoring.


• Review and challenge financial information submitted by borrowers, developers, advisers and delivery partners.


• Monitor live investments against agreed milestones, covenants, funding conditions, repayment profiles, forecasts and financial performance.


• Track conditions precedent, approval requirements and post-approval actions.


• Prepare reports, briefings and supporting documentation for investment panels, boards and committees.


• Maintain accurate investment records, decision logs and performance information to support governance and audit requirements.


• Help develop appraisal tools, templates, operating procedures and monitoring frameworks as the investment function grows.

What's essential.

• Experience analysing complex commercial real estate, regeneration, housing or infrastructure investments.


• Experience supporting investment appraisals, transaction execution and investment decision-making.


• Experience coordinating technical, legal and financial due diligence.


• Experience monitoring live investments, including drawdowns, milestones and funding conditions.


• Experience preparing or reviewing investment business cases, appraisal reports or decision papers.


• Experience working within a regulated funding environment.


• Strong financial modelling and investment appraisal capability.


• A thorough understanding of development appraisals and investment structuring.


• An understanding of loan monitoring, covenants and drawdown processes.


• The ability to identify and assess emerging commercial and delivery risks.


• Strong analytical, stakeholder-management, report-writing and communication skills.


• A degree or equivalent qualification in finance, real estate, economics, business, accounting or a related discipline.

Location.

The location for this role is 16 Summer Lane, Birmingham, B19 3SD with at least 2 days a week spent in the office.

Salary and benefits.

We advertise salary ranges, with new appointments typically starting at the lowest salary point. In exceptional cases, the salary point may be adjusted to secure the best candidate. This approach allows for potential year-on-year salary increases, offering progression and appropriate rewards to employees. Requests for salaries above the maximum advertised range will not be considered.

• Local Government Pension Scheme (one of the most generous pension schemes in the UK).


• Shared Cost Additional Voluntary Contribution scheme where you can build an additional pot of money alongside your pension with contributions exempt from Income Tax and National Insurance contributions (NICs).


• 28 days paid annual leave (with an option to purchase more) + Statutory days.


• EV car benefit scheme


• Healthcare plans.


• Discounted gym membership, will writing, and mortgage advice.


• An option to buy a bicycle, including e-bikes and adapted pedal cycles, at a discounted rate.


• 3 days of paid leave each year to volunteer.


• Interest-free financing through SmartTech to buy the latest technology


• Discounted shopping with over 2,000 big-name retailers, and more. You can now also obtain a Costco membership through the WMCA.


• Boundless unlocks unlimited entry to top-rated UK attractions and loads of extra benefits and discounts.


• Eye Care Scheme, offering a free eye test and a financial contribution towards your glasses.

For more information, please visit the benefits page on our career site.

Why join WMCA?

WMCA is laser-focused on improving the West Midlands, bringing economic growth, jobs, homes, and better journeys to the region. We target local needs where it matters most, ensuring everyone has a job that pays well and has access to safe and affordable places they can call home.

We put people and place at the heart of everything we do, working hand in hand with our partners to direct funding where it's needed most. What you do, really matters. Your expertise will help make a big difference, improving people's lives, every day.

Our Values and Behaviours.

• Collaborative - We work as one organisation. Together we build trust, connection and shared purpose across teams, partners and residents to create the biggest impact for our region.


• Driven - We are focused on outcomes. We perform at our best to unlock productivity and delivery, achieving the greatest regional impact.


• Inclusive - We value difference. Creating an environment where people belong, and feel psychologically safe, so we can all thrive and shape a West Midlands built for everyone.


• Innovative - We are courageous. We embrace new ideas and challenge the status quo to continuously improve and shape the future of the West Midlands.

Creating an inclusive workplace.

WMCA holds diversity accreditations, such as the RACE Code Quality Mark, Armed Forces Covenant (Gold status) and has been recognised as one of the Inclusive Top 50 Employers and The Times Top 50 Employers for Women. We're a Disability Confident Employer with 'Leader' status, committed to interviewing applicants with disabilities who meet all the essential role criteria.

We are also proud to be a Ban the Box employer, which means we do not ask about criminal convictions at the initial application stage, and will only ask after an offer is made as part of our onboarding checks, which helps us remove barriers for people with past convictions and supporting fair opportunities for all.

We recognise that certain groups, such as women and people of colour, may be less likely to apply for roles if they feel they do not meet all the requirements. However, we encourage individuals who are passionate about the role and want to make a difference to still apply. We value potential and encourage applicants to highlight their skills, including transferable ones, even if they don't fit the traditional 'perfect candidate' mould.

We gladly consider part-time, flexible, and job share arrangements, so please don't let these factors deter you from applying

Right to Work in the UK

Proof of Right to Work in the UK will be required for all applicants in accordance with UK Home Office requirements, before any employment offer can be confirmed.

Non-UK applicants (excluding Ireland) would be required to hold a relevant Visa from the UK Visas and Immigration (UKVI).