Portfolio Manager – Equity & Partnership
Homes England
- Department
- Homes England
- Location
- Birmingham, Manchester, Leeds, Bristol, Liverpool, Newcastle
- Openings
- 1 post
- Grade
- Other
- Salary
- £51,073 to £59,570
- Closing
- Closes today
- Profession
- Finance
- Contract
- Permanent
- Security clearance
- BPSS
- Working pattern
- Flexible working, Full-time
Job summary
Homes England has launched the National Housing Bank, a government-backed investment platform to accelerate housing delivery across England.
With £16bn in capital, it will unlock private investment, support regeneration and accelerate housing delivery across the UK. Joining now offers a rare opportunity to shape a major new national investment platform from the ground up.
What they’re looking for
- Responsibilities include:
- Ensure delivery of housing starts and completions and budgeted Spend and Receipts in line with the Agency’s Annual Business Plans and the transaction level business plan.
- Developing strong and positive relationships with Investment / Joint Venture Partners and professional advisers.
- Support transaction colleagues in Product Equity and Partnerships team in structuring new equity deals, which will include (but not limited to): supporting the development of the business case to invest, negotiating terms of the investment and investment appraisal, and managing advisors. This will also include feeding in lessons learned from the portfolio already under management.
- Identify key risks and manage the risk profile and performance of the transactions within the risk appetite of the agency and in line with the Recovery Rate / delivery objectives of the Deal.
- Maintain and report on relevant data metrics on a monthly basis for asset performance including portfolio composition and stewardship activity and provide robust quality assurance and reporting as required, supplemented with a semi-annual performance updates and Annual Reviews. Additional reporting may be required as appropriate to the senior management forum.
- Undertake detailed financial and commercial analysis of the transaction and develop a solid understanding of the deal objectives / business plan and wider portfolio including undertaking sensitivities at deal level, and monitoring relevant commercial metrics such as NPVs, IRRs, Cash Multiples, Value for Money analyses, where appropriate movements share price / NAVs, and provide a view of performance against relevant covenants / debt milestones where relevant.
- Ensure Homes England compliance with the terms of underlying transaction agreements including timely operational activity such as drawdowns, payments and provision of monthly management information, receipt of Board Papers. Monitor and ensure client compliance with their obligations under the documentation.
- Work flexibly across the different teams within Product Equity and Partnerships to support activity as business need requires.
- Work collaboratively with colleagues from across the Agency to provide advice and support in relation to strategic and place-based investment opportunities and other interventions to meet Agency objectives.
- Candidate profile
- Degree level qualification, and a professional qualification or equivalent experience of industry professional e.g., Corporate Finance, Real Estate, Banker, Accountant or similar.
- Excellent Excel skills are essential, and a proficient understanding of cashflow analysis and financial modelling would be ideal. Experience in a corporate finance environment, transaction services or a Project Finance role would be preferred.
- Good experience and understanding of risk and client management of a portfolio of equity and debt investments in the real estate sector, including understanding of deal execution documents (such as Shareholder Agreements, Side Letters), and working with underperforming transactions.
- Excellent communication skills both verbal and written are essential due to the level of reporting to senior management.
- Good organisational skills and the ability to prioritise own workload and meet tight deadlines.
Job description
The holder of this position will be responsible for managing a portfolio of Equity and Joint Venture transactions for Homes England. For the Investment manager, these will be complex either by purpose, nature of client or deal structure, the portfolio size will vary according to complexity. Furthermore, the Manager will provide support to colleagues transacting these deals, feed in both lessons learned and supporting through investment appraisal and business case approval processes.
Nationality requirements
This job is broadly open to the following groups:
- UK nationals
- nationals of the Republic of Ireland
- nationals of Commonwealth countries who have the right to work in the UK
- nationals of the EU, Switzerland, Norway, Iceland or Liechtenstein and family members of those nationalities with settled or pre-settled status under the European Union Settlement Scheme (EUSS) (opens in a new window)
- nationals of the EU, Switzerland, Norway, Iceland or Liechtenstein and family members of those nationalities who have made a valid application for settled or pre-settled status under the European Union Settlement Scheme (EUSS)
- individuals with limited leave to remain or indefinite leave to remain who were eligible to apply for EUSS on or before 31 December 2020
- Turkish nationals, and certain family members of Turkish nationals, who have accrued the right to work in the Civil Service
Further information on nationality requirements (opens in a new window)
Selection process
How to apply?
To apply please follow the links to our careers page.
Security
Successful candidates must pass a disclosure and barring security check.
Selection process details
For more information on the role, please see the attached Job Description.
Successful applicants will be advised of the outcome of their application and interviews held as soon as practical after the closing date. Feedback will only be provided if you attend an interview or assessment. We would like to take this opportunity to thank you for your interest in this role and Homes England.
Please note – Homes England has a responsibility to ensure compliance with HMG Baseline Personnel Security Standard to address the potential problems of identity fraud, illegal working and deception generally. To ensure compliance we will carry out a pre-employment Personal Identity and Vetting Report through Experian to meet the standard and you will therefore be asked to provide certain information in order that the verification check can be carried out if you are successful in your application.
Homes England are an equal opportunities employer and positively encourages applications from suitably qualified and eligible candidates. We are proud to be an equal opportunities employer that values and respects the people who work for us. Our aim is to be an employer of choice, enabling everyone to reach their full potential.
Homes England is committed to protecting the privacy and security of your personal data. For further information please refer to our Privacy Notice which can be viewed here:
https://www.gov.uk/government/organisations/homes-england/about/personal-information-charter
Nationality requirements
Open to UK, Commonwealth and European Economic Area (EEA) and certain non EEA nationals. Further information on whether you are able to apply is available here.
Working for the Civil Service
Please note this Post is NOT regulated by the Civil Service Commission.
The Civil Service embraces diversity and promotes equality of opportunity. There is a guaranteed disability confident interview scheme for candidates with disabilities who meet the minimum selection criteria.
Further information
Once this job has closed, the job advert will no longer be available. You may want to save a copy for your records.
Feedback will only be provided if you attend an interview or assessment.
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