Investment Manager

Job Description

OVERVIEW

As we celebrate 10 years since Big Society Capital’s (BSC’s) launch and implement our brand new 2025 strategy to scale social impact investment and improve peoples’ lives in the UK, we are excited to be recruiting talented Investment Managers to join us on the next stage of our journey.

It is a unique opportunity to join a dynamic team of people from a wide range of backgrounds, who are driven by transforming the way mainstream financial markets help deliver deep and lasting impact on people in the UK. Your work will help to solve some of the UK’s most entrenched social issues, so we are looking for someone who shares our passion to improve people’s lives in collaboration with the wider organisation and our external partners, and who is enthusiastic about designing and developing creative solutions.

RESPONSIBILITIES

The Investment Manager will work with colleagues across the organisation to help deliver our investment objectives. The job holder(s) will:

Support the development of new investment opportunities, including:

• • Helping identify social issues or market needs where social impact investment can help support a solution in our market systems (social property, social lending, impact venture and social outcomes contracts);
• • Helping develop creative and innovative solutions to these identified social issues including building collaborative partnerships with diverse stakeholders including investors, charities and government.

Lead prospective investments through our investment process across our market systems, including:

• • Project and relationship management, including supporting pipeline development and tracking;
• • Undertaking detailed investment analysis, including of the market, the prospective investee, and the financial, social impact and systems change cases;
• • Supporting the structuring of prospective investments;
• • Preparing and presenting investment recommendations to our Investment Committee;
• • Helping negotiate legal documents and close transactions.

This will likely involve specialising in one market system for a period of time.

Manage a number of our existing portfolio investments, including:

• • Working with the fund managers to evaluate and manage their financial and social performance;
• Supporting and co-ordinating fund manager reporting to enable us to assess the contribution of the investments to our systems change, impact and financial goals across our portfolio and in the relevant market system
• Supporting the design and undertaking of analysis on impact and financial performance across portfolios of investments, including across market systems

Systems change agent

• Supporting the development and delivery of key strategic projects in BSC’s market system, moving towards leadership of strands depending on experience and learning over time
• Managing relationships with and help the long-term business development of Fund managers, in partnership with our Investment Network team.
• • Supporting our engagement work with investors and with charities and social enterprises to deliver on our market system goals, in partnership with our Engagement and Communications team.

Team and approach

• • Helping to build a world class social impact investment team and approach at Big Society Capital, including through acting as a champion for part of our investment management approach or being part of a working to deliver a strategic priority.
• Contributing to organisation-wide initiatives that help us deliver our mission such as working groups to improve the way we work or how we engage with certain stakeholders.

PERSON SPECIFICATION

Experience (essential)

• • A passion and demonstrable commitment to improving lives in the UK
• • Experience of undertaking and communicating detailed analysis of complex problems
• • Experience developing solutions to complex problems
• • Work experience that faces the financial, social or public sector
• • Proven relationship building and influencing skills

Experience (desirable)

• • Work experience in social impact investment
• • Proven project management skills
• • Relevant experience and sound knowledge of housing, venture investment, social outcomes contracts or social lending
• • Decision making experience, deal execution and portfolio management skills

Skills, abilities and attributes

• • Structured thinker - able to deal with complexity and uncertainty
• • Innovative, creative and strategic approach to problem solving
• • Solves problems with multiple stakeholders in an open and empathetic way
• • Collegial team player - Flexible and willing to work with and contribute to a team
• • Self-starter - able to work under own initiative and source new opportunities
• • Relationship management – excellent interpersonal skills and able to build relationships at all levels
• • A confident and effective communicator when writing and speaking
• • Hunger for continued learning and development, including developing others

We are a UK-based business with an office in the Chancery Lane area of London, accessible to a number of public transport links. Our current approach allows colleagues to spend 40% - 60% of their working hours in the office, and the remainder from home. We hope that this working pattern encourages Big Society Capital employees to achieve a healthy balance between work and personal goals, as we continue to adapt to the changing needs of our diverse workforce.

Right to work: for candidates who do not have the right to work in the UK, Big Society Capital may consider visa sponsorship

Equality, Diversity and Inclusion: Big Society Capital is committed to being a diverse organisation that is truly representative of the communities we serve. We are an equal opportunities employer with an inclusive environment where all employees can contribute to their fullest potential. We want every colleague to be able to deliver their work with dignity, equality, comfort and independence. Our office is fully accessible with step-free access and an open-plan set up. We are open to accommodation requests regarding assistive technologies, accessibility tools, flexible working or any other reasonable adjustments that will make working or visiting here more accessible for you. If you have a disability or other access needs and require any support to assist you through the recruitment process, please get in touch with Ruth Davidson (People and Talent Manager) at rdavidson@bigsocietycapital.com

Applications

Please apply via Applied by midday Friday 17 June 2022.

If you have any questions about the position before making an application, we invite you to a virtual Open Hour with Rebecca MacDonald (Managing Director, Investment ) and Ruth Davidson (People and Talent Manager) at 3.30pm on Wednesday 1 June via Zoom. This is an open opportunity to meet the team and to explore the role and Big Society Capital a little further before you apply. (For anonymity, attendees will have the option to remove their name. and switch videos off). Please contact rdavidson@bigsocietycapital.com if you would like to attend, and include what questions you would like us to cover (although we will aim to leave time for additional questions on the day).

As a Disability Confident employer, we guarantee an interview for all candidates with disabilities who meet the minimum criteria for the job. We are defining a disability in accordance with the Equality Act 2010, as a person who has a physical or mental impairment, and the impairment has a substantial and long-term adverse effect on their ability to carry out normal day-to-day activities. You will be asked in your Applied application whether this applies to you.