Director - Portfolio Management

at  UKIB

Closing Date
05-09-2024
About UK Infrastructure Bank
We are the new, government-owned policy bank - launched in June 2021 - providing £22bn of infrastructure finance and partnering with the private sector and local government to finance a green industrial revolution and drive growth across the United Kingdom.
We are looking for skilled and results oriented individuals who are motivated to help us build the UKIB into an industry-leading institution.
Job Purpose
Our 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.
The critical role of 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. Provide expert portfolio analysis identify concentration risks, propose risk mitigation strategies and accurately monitoring portfolio returns to successfully meet the objectives of the Portfolio Management team and the wider mission of the Bank are achieved.
3. 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.
4. Build internal models, interrogate external models, provide support to the team with sensitivity analysis, analysing outputs and performing high level due diligence of financial models to ensure risks are managed and problems identified early.
5. Manage a high performing a 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 bank.
6. Attend site visits and engage with the respective management team and effectively scrutinise management to ensure the project is performing as per the business plan.
7. 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.
8. 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 UKIB.
9. Utilising industry expertise and knowledge, be confident in securing appropriate technical support if projects run into difficulties or delay to avoid exposing the Bank to a high degree of risk of loss.
10. 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.

Skills, knowledge & experience requirements for the role include:

• 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, transport, 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 to offer advice and expertise.
• Substantial debt experience, ideally gained in a banking or project finance environment, encompassing debt structuring, refinancing, credit analysis, and monitoring/management of loan portfolios. A deep understanding of financial ratios and its implications. Equity experience in an infrastructure context would also be advantageous.
• Product experience relevant to the Bank’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.

• 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, transport, 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 to offer advice and expertise.
• Substantial debt experience, ideally gained in a banking or project finance environment, encompassing debt structuring, refinancing, credit analysis, and monitoring/management of loan portfolios. A deep understanding of financial ratios and its implications. Equity experience in an infrastructure context would also be advantageous.
• Product experience relevant to the Bank’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