British International Investment
Job title:
Manager Blended Finance – 12 month FTC
Company
British International Investment
Job description
About BIIBritish International Investment is the UK’s development finance institution, owned by the UK Government. With a mission to solve the biggest global development challenges, we aim to create a virtuous circle of investment and impact. Your contribution will be essential.It won’t be easy: we do the hardest work in the most complex markets. Be prepared to test your skills, get creative and say your piece as you take on high-profile work as part of a diverse team of exceptionally smart, passionate people.In return, you can take your career to all-new places in a culture that rewards curiosity and collaboration, and balances high performance with wellbeing.BII at a glanceOver 75 years supporting sustainable business growth in developing and emerging marketsMore than £8.8 billion in net assests1,400+ businesses invested in950,000 workers in the businesses we support650+ people in our diverse global team3 key development objectives: Productive | Sustainable | InclusivePurpose and Role of the Capital Solutions TeamThe Capital Solutions team sits within the Office for the Chief Investment Officer (OCIO). OCIO works with investment teams to set and execute the investment strategy across all sectors, products, regions and capital portfolios. OCIO covers six areas overseen by the Chief Investment Officer:Capital SolutionsAsset AllocationInvestment Policy and Decision MakingPortfolio ManagementFund SolutionsSpecial SituationsThe Capital Solutions team provides the tools to deliver BII’s development goals, either through existing pools of capital (Growth, Catalyst, BII Plus and Kinetic) or with new pools of capital and partnerships, for which key parameters around impact, risk, return and governance must be designed and managed.Key responsibilitiesThe focus of the role is in supporting the implementation of Kinetic facilities but as part of a collegiate team with a broader mandate which includes managing BII’s Catalyst portfolio and capital partnerships. The candidate will therefore also contribute to other work being delivered by the Capital Solutions team as required.There are 5 levels within OCIO teams – Associate, Executive, Manager, Director and Team Head. We are looking to hire a Manager who will assist with mentoring and developing more junior team members alongside their responsibilities below.Managing Kinetic facilitiesOur recently introduced ‘Kinetic Portfolio’ has been designed to enable us to invest and manage catalytic investment strategies. It complements our existing Growth and Catalyst Portfolios and BII Plus technical assistance capabilities, ensuring we’re providing a comprehensive and flexible capital toolkit to help address our partners’ investment and development needs. This portfolio has a higher risk tolerance than our existing Growth and Catalyst investment strategies and it can be blended with other forms of capital.BII currently has three Kinetic facilities:Climate Innovation Facility (£240m): Introduced in 2021, the Climate Innovation Facility has a highly catalytic, climate-focused investment mandate. It enables BII to test, seed and scale cutting-edge technologies or unproven business models and strategies that have the potential for transformational impact on the lives of people and communities in Africa, Asia and the Caribbean. We aim to use the risk-tolerance and catalytic potential of this capital to deliver flexible, creative solutions that address crucial gaps in our markets through tools such as credit/return enhancement, viability gap funding, project development loans and flexible debt. Focus themes include Productive Use of Renewable Energy (PURE), Agriculture and Forestry and Green Infrastructure. More information on CIF investments announced at COP28 (BasiGo, SunCulture) are available .Mobilisation Facility (£100m): In 2024, the Prime Minister announced the introduction of this facility, focused on unlocking private capital for climate and sustainability-focused investments in emerging economies. You can read more . In January 2025 BII launched a in partnership with Mercer calling on the private investment community to help design investment products that seek to address the gap between risk appetite and return thresholds of institutional investors.African Resilience Investment Facility (£50m): This facility, announced in February 2025, will deliver much-needed finance to spur economic growth in some of the towards the world’s poorest countries. It aims to unlock more finance for growing high potential businesses in those African countries which currently have the furthest to travel to attract commercial investment. The ARIF mandate will have the ability to invest across all African . ARIF will stimulate investment in critical infrastructure and real economy sectors by deploying targeted blended finance. It complements BII’s pioneering work in leading collaboration with other DFIs to better identify and coordinate investment opportunities in frontier markets through the (ARIA).Key workstreams will include:Managing the internal governance processes and required documentation to support investment decision-making for Kinetic facilitiesSupporting financial management of Kinetic facilites, working with relevant investment and operations teams at BII. This includes: * Managing the budget for Kinetic facilities including monitoring spend against administration fee
- Monitoring financial reflows from Kinetic investments, and ensuring appropriate governance processes for allocation to new investments
- collecting Collecting accurate and timely data for shareholder pipeline reporting, cash flow forecasting and drawdowns of funds.
Supporting portfolio management and monitoring, including timely and accurate progress reporting to BII’s shareholder (FCDO) and relationship management with key internal and external stakeholdersPartnership building where relevantOverseeing monitoring, evalution and learning of CIF and other Kinetic facilities where relevantBlended FinanceIdentifying catalytic capital gaps in BII toolkit and working with investment teams to develop new products that meet BII and investee needsProviding the business with space and channel(s) to identify and develop new high impact, large scale initiatives that require catalytic capitalSupporting the business to increase awareness, understanding and dealflow in high priority themes such as carbon, nature-based solutions, e-mobility and gender first investingFacilitating sharing of best practices in blended finance within BII and to/from the wider innovative finance communityManaging catalytic capital partnerships for BIIIn the short-term this will be focused on managing the Shell Foundation partnership and will include:Managing the relationship with SF including regular BII/SF partnership meetings, internal communications and internal stakeholder briefings around the partnership.Managing the process of pipeline sharing, working in collaboration with relevant investment teams as appropriate.Managing collaborative projects such as research, thought leadership and external communications, working with relevant BII teams and/or external stakeholders as appropriate.Supporting co-investments and/or co-creation opportunities that use catalytic capital to address shared impact goals e.g. LCY lending facilitiesThe CandidateBackgroundExperience in sustainable, responsible or impact investing requiredDemonstrable interest in development finance in emerging markets (professional experience working in relevant markets would be desirable)Significant awareness of BII’s current operations, teams and policies across products and sector groups, and across financial and impact frameworksInvestment experience and transaction exposure, preferably with a mixture of BII’s typical investment products as well as other innovative structures BII is yet to pilotCompetenciesExcellent project management skills, including independently driving workstreamsStrong communication and presentation skills, both written and verbalStrong numerical, analytical and problem-solving skillsTransaction structuring and investment expertise, including portfolio monitoring and analysis across financial and other dimensionsAbility to develop and shape strategic thinking, for example to support new investment strategies focused on a particular product or sub-sectorResearch and data analysis. Ability to source and analyse data from multiple sources, and to synthesise this into key learnings andStyle and motivationExcited and energised by the potential for transformative impact through the role.Creative, innovative and entrepreneurial spirit. Comfort with pioneering a path where none currently exists. Equally, able to prioritise and focus energy on key outcomes.Ability to work collaboratively across sector and product teams, and to engage with stakeholders at all levels to bring people along on the journey.Possess an ownership mentality including a desire to take responsibility and being empowered to drive progress across key projects and also play a leading role in the development of the team and wider organisation.Comfortable with the complexity and ambiguity of the markets and products BII operate within.Strongly motivated by BII’s development mission and should be able to demonstrate some commitment to development or social goals through previous executive or non-executive activity.Our cultural valuesWe look for team members who aspire, as we do, to work at our best and to be:Impact-led, commercially rigorousTenacious in the face of challengesCollaborative and caringBII is committed to diversity and inclusion and welcomes all applicants regardless of age, disability, gender reassignment, marriage and civil partnership, pregnancy and maternity, race, religion or belief, sex or sexual orientation or educational background.Please provide a cover letter with your applicationSalary: Competitive
Expected salary
Location
London
Job date
Thu, 15 May 2025 00:46:42 GMT
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