The UK Infrastructure Bank has become the National Wealth Fund (NWF), with a broader remit, more capital and a greater capacity for risk. The new NWF will expand UKIB’s remit beyond infrastructure in support of the Government’s industrial strategy, building on its success over the last three years. With additional financial capacity and an enhanced risk budget, the NWF will be capitalised with £27.8bn to catalyse private investment in the market.
Job Purpose:
Their Portfolio Management (PM) team oversees the Bank’s growing portfolio of loans, guarantees and equity assets in the five priority sectors identified in the Bank’s framework (clean energy, transport, digital, water and waste). The PM team provide guidance and portfolio input into the Risk function and influence UKIB’s pipeline of new transactions with the aim of delivering a positive financial return. Collectively, the PM team is fundamental to the Bank achieving its mission of investing profitably to reduce UK carbon emissions and local economic growth. Ideally I'm looking for individuals with Equity experience. If you have Debt and Equity, that will be even more appealing. If you are Debt only, please still get in touch though and we can run through your background of experience.
The critical role of Assistant Director will provide leadership to the PM team as well as act as an ambassador for the Bank’s twin missions of local and regional growth and the Net Zero transition.
Key Accountabilities for the role include:
1. Monitor progress on key projects, engage with project sponsors and equity fund managers and use specialist expertise to identify when projects are at risk and as needed be accountable for accurately implementing the appropriate and necessary mitigating action to protect the interests of the Bank.
2. Build internal models, interrogate external models, carry out sensitivity analysis, analysing outputs so as to ensure risks are managed and problems identified early.
3. Analyse significant amounts of complex qualitative and quantitative information such as financial models, technical and legal analysis, facility documentations and deeds. With the purpose of effectively recommending actions that align with the bank’s mission.
4. Attend site visits and meet the Project Company management team, to inspect project progress and as required effectively scrutinise management in order to assess whether the project is progressing to the agreed project plan.
5. Negotiate waivers and consents to protect the Bank in respect of deals/investments and to preserve the reputation of the Bank in the marketplace.
6. 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 UKIB.
7. Contribute to 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.
8. Actively contribute to the design and implementation of the Bank’s strategic Portfolio Management system to ensure the infrastructure supporting the business is reliable and sustainable.
Skills, knowledge & experience requirements for the role include:
Established portfolio management skills tested in an infrastructure context
Demonstrable commercial expertise and perspectives combined with a high degree of accountability for high value and sensitive projects
Experience in direct equity investment and equity funds will be an advantage.
Substantial and relevant sectorial experience across the broader infrastructure spectrum, potentially within the energy, power, transport, construction or social infrastructure sectors
External counter-party management skills will be critical. The successful candidate will confidently and professionally represent the Bank in dealing with clients, other banks and legal firms.
Debt experience, ideally gained in a banking or project finance environment is critical as the successful candidates will engage in debt structuring, refinancing, credit analysis, and monitoring/management of a loan portfolio.
Product experience relevant to the Bank’s product offering: fixed and floating loans, guarantees (including inflation linked debt guarantees).
A career with the NWF offers a unique opportunity to make a lasting impact and work on cutting-edge technologies that will drive the UK’s future. They value diversity in their people and inclusion is at the heart of what they do. It's also a very exciting time to join the Bank, with the recent announcements and the future changes that are planned.
They offer competitive benefits and unique learning opportunities from combining both private and public sector skills and experience.
If you'd like further information & the Job Description, please contact me on 07808 782801 or ben.glitherow@thebartonpartnership.com
