Managing Director, Asset Class Lead -Lending

Job title:

Managing Director, Asset Class Leading
-Lending

Location:

Hybrid, London EC1Y and homeworking

Reporting To:
Co-Chief Investment Officer

Contract:

Permanent, full time

Date Closes:
Thursday 24th September

Better Society Capital (BSC) is the UK's leading social impact investor. Our  strategy is to positively impact 15-20 million lives by mobilising £20-30 billion of capital into investible solutions that tackle some of the UK's biggest social and environmental challenges - across housing, economic opportunity, climate & energy and health.

Investing BSC's capital is an essential tool for delivering those goals, using our leading impact investment approach to identify social issues and business models that can tackle inequality and change millions of lives.

This is an opportunity to play a leading role in shaping markets for impact and to contribute to the success of one of the leading impact investors in the UK, while furthering your career in impact investment. Lending is one of the three core asset classes that BSC invests in, connecting £bns of capital with thousands of enterprises throughout the UK, while contributing to BSC's sustainable portfolio returns.

It is led by a dedicated team whose remit comprises five sub-asset classes:
Bank Equity, Direct Lending, Blended Finance, Outcomes and Renewables. The team is focused on mobilising capital for key priorities in BSC's strategy - what we call our "Opportunity Areas", including the UK government's flagship Better Futures Fund - as well as leading on several market wide initiatives such as the Blended Finance Collective.

As Asset Class Lead for Lending, you will own how this capability achieves BSC's mission: setting and delivering an investment strategy that serves BSC's strategic priorities and portfolio returns; building the market of the future so that more capital flows to the opportunities with the greatest potential to tackle inequalities for millions of people in the UK; and leading a high-performing team that both executes a leading impact investment process with excellence and acts as an agent of change in the system.

You'll report to one of BSC's Co-Chief Investment Officers, sit on BSC's Senior Management Team, and be a core member of the Investment Leadership Team.

This is a role for someone who combines the discipline and judgement of an excellent investor with the desire and drive to change systems so that more capital is deployed for impact. You have the vision and relationships to be able to devise strategies for changing systems that shift how government, institutional investors and enterprises think about lending for impact. And you have the expertise, understanding and networks to find, execute and manage the deals that deliver this vision.

• Set the investment strategy and approach for Lending, defining how it delivers systems change, social impact and financial return in line with BSC's strategy, supported by a high quality investment process.
• Build and deliver a pipeline of compelling and aligned investment opportunities across the lending sub-asset classes.
• Own and present investment recommendations to the Investment Committee, supporting your Investment Directors and Investment Managers.
• Manage portfolio performance in partnership with Impact Investment Management, Middle Office and Finance, including borrower and fund relationship management and special situations.
• Contribute a portfolio-wide perspective to BSC's annual strategic asset allocation process.
• Participate in Investment and Performance Committee, Valuation Committee and other investment governance forums.