Senior Manager Investment Product Development
We are looking for:
This role is an exciting new position in a growing team in the Investments Directorate of Homes England.
The role involves interfacing across housing and financial markets to identify opportunities and develop and implement new products which deliver new homes and attract wider investment in to the residential sector.
The team is able to use a wide range of financial instruments to maximise impact including equity, debt, grant and guarantees.
Examples of the team’s previous transactions include:
A £1bn senior and mezzanine debt lending partnership with a major clearing bank;
A £1bn guarantee programme to support private market lending to SME developers;
A £220m fund to provide equity capital to SME development projects.
Our successful candidate will:
The successful candidate will play a leading role in delivering high profile and impactful investments which will make a meaningful contribution to government housebuilding targets. In particular, the role will involve:
Building strong relationships across a broad range of financial and housing market stakeholders.
Identifying potential partners who share Homes England’s ambition and have the capabilities and/or capital to bring increased housebuilding to bear.
Leading discussions and negotiations with potential partners to shape and develop investment opportunities.
Liaising with internal stakeholders including Transactions, Portfolio Management, Operations, Risk, Legal and Finance colleagues to progress investment opportunities through the approval and implementation process.
Actively participating in establishing the ongoing governance for new products within the wider Homes England framework, to ensure relevant stakeholder contributions are considered and coordinated.
Using research and analytics to report on the impact of our interventions and, in turn, inform future investment and product development strategies.
Working with Homes England’s regional teams to establish local priorities and consider how best the team may support the achieving of those aims.
The skills we would like are:
We are seeking an enthusiastic and highly motivated individual who will be able to demonstrate:
Strong written and verbal communication skills.
An ability to disseminate and simplify complex information and concepts.
An understanding of real estate investment, property development and financing.
Experience of assessing and negotiating strong commercial outcomes.
An understanding of investment structures and financing tools utilised within the capital raising spectrum.
An understanding of risk identification, mitigation and management approaches.
Experience of managing multi-disciplinary project teams including internal & external stakeholders and professional advisors through project lifecycles.
A collaborative approach to working and recognition of the value diversity plays in optimising outcomes.
About Homes England:
Homes England is the new national housing agency, recently launched to play a major role in fixing the housing market and enabling delivery of homes that our country needs.
Homes England brings together land, money, expertise, and planning & compulsory purchase powers, with a clear remit to facilitate delivery of sufficient new homes, where they are most needed, to deliver a sustained improvement in affordability. We work locally in individual communities to help meet local priorities.
We invest mostly in building new homes, but also in creating employment floor space and other community facilities, in cities, towns and villages across the country. The homes we fund include affordable homes for rent and sale, and homes for rent or sale at market prices. Our investment helps build around half of all new homes built in England each year. It also helps increase local growth by creating jobs and supporting businesses.
We own public land, which we sell to house builders and others. This is one of the ways in which we overcome barriers to development and help increase the speed with which house builders can build new homes.
Homes England is an executive non-departmental public body, sponsored by the Ministry of Housing, Communities & Local Government.
Homes England was launched by the Secretary of State on 11 January 2018. Homes England is the trading name of Homes and Communities Agency. To find out more about what we do please visit: www.gov.uk/government/organisations/homes-england and find out more about how Homes England are Making Homes Happen http://sps.tmpwcomms.net/homesengland/.