Shape the Future with the National Wealth Fund At the National Wealth Fund, our mission is to swiftly and effectively mobilise trusted sector insights and investment expertise to unlock billions in private finance for projects across the United Kingdom. Providing £27.8bn of capital and an expanded mandate, we are ready to help the market invest with confidence, continue to drive forward the Government's growth ambitions. We are looking for skilled and results oriented individuals who are motivated to help us build the National Wealth Fund into an industry-leading institution. Job Purpose Location: Hybrid working with a minimum of 3 days per week in the Leeds office. Salary: £60,000 - £80,000 per annum Final Deadline to Apply: 17th Feb 2025. Early submission is encouraged, and applications will be reviewed on an ongoing basis. About Us: The National Wealth Fund (NWF) is at the forefront of driving the UK’s economic growth and Net Zero objectives. This is an exciting time to join the new National Wealth Fund as part of a growing team, as the organisation takes on a new, broader role in delivering the UK’s economic growth and Net Zero objectives, building on the UK Infrastructure Bank’s leadership and experience to date. This role is for a manager in the Portfolio Management (PM) function. The primary purpose of the PM function is to manage the bank’s portfolio and client relationships once the asset is part of the balance sheet. The Portfolio Manager will support the team to manage a portfolio of debt, guarantee and equity assets spread across the five priority sectors (clean energy, transport, digital, water and waste). The successful candidate will support the active management of risk in the existing portfolio and will provide input into the UKIB’s pipeline of new transactions with the aim of delivering a positive financial return. This critical role is fundamental to the UKIB achieving its mission of investing profitably to reduce UK carbon emissions and local growth. Core Responsibilities Monitor progress on key projects as assigned by the Assistant Director (AD)/Director. Engage with project sponsors and equity fund managers as directed and use judgement to identify when projects are at risk. Work with the AD/Director to identify and implement mitigating actions to minimise risks to the bank’s investments. Contribute to and update internal models, review and interrogate external models and carry out sensitivity analysis, analysing outputs so as to ensure risks are managed and problems identified early. Analyse significant amounts of qualitative and quantitative information, some of it complex, such as financial models, technical and legal analysis, facility documentation and deeds as directed by the AD/Director. Digest and summarise the results with a view to effectively recommending actions that align with the banks purpose. Attend site visits and meet the Project Company management team, to inspect project progress and, work alongside the Directors and ADs to effectively scrutinise management in order to assess whether the project is progressing to the agreed project plan. 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. 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. Develop positive working relationships and interface in an open, constructive and collaborative manner with internal stakeholders (including HMT) to help ensure a co-ordinated approach to delivery throughout the lifecycle of the project. Proactively commit to continual professional development and demonstrate a positive attitude towards gaining experience and knowledge by attending infrastructure conferences and from working closely alongside senior members of the wider team on projects. Knowledge, Skill and Experience requirements Experience of working in portfolio management, ideally in an infrastructure context. Demonstrable commercial awareness and skilled in understanding and digesting complex information. Track record of working on high value and sensitive projects having accountability for aspects of delivery. Experience of counter-party management. The successful candidate will be confident when building relationships with a range of internal and external stakeholders and will professionally represent the Bank in dealing with clients, other banks and legal firms. Debt experience, ideally gained in a banking or project finance environment as the successful candidates will be supporting in debt structuring, refinancing, credit analysis, and monitoring/management activities. Product experience relevant to the Bank’s product offering: fixed and floating loans, guarantees (including inflation linked debt guarantees). Experience in direct equity investment and equity funds will be an advantage. Good communicator including strong written/report writing skills. 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. Please note, referencing and background checks are carried out for all roles here at the National Wealth Fund. 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. Please note, referencing and background checks are carried out for all roles here at the National Wealth Fund.