Job Description
Job title
Team
Band
Reporting to
Management responsibility
Director Investments
Venture Capital Solutions
4
MD Venture Capital Solutions
Yes
Purpose of the job
To provide high level input and support across the range of Venture Capital Solutions activities. With lead responsibility for
managing out a portfolio of direct investments.
Main duties
Managing and seeking to exit from a portfolio of direct investments that have been made under various, now closed venture
capital and co-investment funds. This is a mixed bag of investments, some will need to be realised for value and others tidied up
in a way that ensures high standards of propriety and value for money for the Government as an investor.
Acting as a member of the fund investments team making investments under the Enterprise Capital Fund and VC Catalyst
programmes. This will involve working collaboratively with the Director with lead responsibility for new fund investments,
providing challenge and support.
Working Closely with the Director Portfolio on the closure of historic funds owned by the Department for Business, ensuring that
proper value is placed on any remaining assets and particularly where these may transfer to in-house management.
Supporting the MD Venture Solutions on ad-hoc projects as required.
Knowledge and experience
Experience of managing SME investments is an advantage but candidates might also offer transferable skills from working in an
SME financing environment.
Experience of working with the Public Sector is desirable
Knowledge of SME financing issues is essential
Experience of dealing with stakeholders at a senior level
Experience of working collaboratively as a senior part of a larger team
Experience of managing staff
Experience of operating as a Non-executive Director is an advantage.
Internal and external stakeholders
BBB colleagues at all levels, senior level contacts in Local Enterprise Partnerships and Local Authorities, Venture Fund Managers
and Business Angels, and senior Whitehall and European Stakeholders.
Budgets / fund size / scope of investments
The Business Bank is investing at a rate in excess of £120m per year into new venture funds.
The portfolio of direct investments currently stands at around 10 companies
Management responsibility if appropriate
The candidate will initially be responsible for the management and development of one Senior Investment Manager
Key competencies/behaviours/values
Commercial awareness
Negotiation skills
Stakeholder Management
Excellent communications skills both written and verbal
Good problem solving skills
Ability to influence at all levels
Able to connect and build relationships with external groups
Qualifications
Required for the role
Graduate in a scientific or analytical discipline (e.g. Economics,
Finance)
7+ years post graduate experience of SME finance issues
Additional / desirable
Post graduate qualifications such as an MBA could be an
advantage
Is this a regulated role?
The Post Holder will need to become registered for a CF30 (Customer) function
with the FSA.