Senior Manager - Equity & Partnerships

About the job Job summary This is an exciting time to join Homes England, the government’s housing delivery Agency. We have the resources, influence, and diverse expertise to drive positive market change through our significant investment activity. The government has put housing at the heart of its agenda, and the Agency is at the forefront of that commitment with a mission to intervene in the market to ensure more homes are built in areas of greatest need to improve affordability. Homes England will make this sustainable by creating a more resilient and diverse housing market, with a focus on quality.  To help achieve this aim, government has committed £16 billion of capital to be invested and managed through Homes England Investment Directorate.   The Investment Directorate is evolving into a significantly more powerful and flexible investment arm, reconstituted as the National Housing Bank. This transition provides not only increased capital to be deployed but also broader powers, more autonomy and a clearer investment mandate, positioning Homes England as a central driver of both housing supply and long term housing market reform.  This includes direct lending, equity investment, guarantees, land assembly and the biggest affordable home building programme in a generation.  The role of the Product, Equity and Partnerships team is to attract new and additional capital and partners to the housing sector and create platforms that act as conduits for institutional capital to aid in the delivery of high-quality homes in well-designed places.  This team has the appetite and resources to shape the future of housing investment in a fast growing, national organisation with real social purpose.  We do this by making selective equity investments into housing led delivery platforms structured as joint ventures, partnerships and third-party investment funds.  These leverage wider investment to achieve outcomes that are a significant multiple of the Agency’s participation.   A bit about the role This is a unique opportunity to join the Agency at a pivotal moment in housing delivery and to be part of the growth of the Agency's Product, Equity and Partnerships team.  We have recently contracted on a number of new investments with our partners in investment, regeneration and house building and have a strong pipeline to progress and the ambition to do more.  We are growing the team at all levels and are looking for skilled and passionate professionals to join us.   The holder of this role will help us to build and manage the team’s transaction pipeline, take new investment proposals through our approval process, structure new partnerships, undertake due diligence, negotiate and contract on new equity investments.      You will be joining an increasingly significant part of the Agency's offer.  There are a wide range of exciting and ambitious projects to get involved with and this is an excellent opportunity to help Homes England and the National Housing Bank deliver its mission.  A bit about you The Senior Manager will play a pivotal role in progressing new investment proposals into operation and supporting the team’s wider transaction pipeline.  As the lead practitioner responsible for managing transactions end to end this will include conducting due diligence, preparing concept and full business plan papers, guiding investments through the governance process, negotiating commercial terms, and overseeing final contracting. Key responsibilities  •    Policy and Regulatory Context: Maintain a good understanding of government housing and regeneration policies and the wider legal and regulatory context that the Agency operates in •    Pipeline Development:  Owning responsibility for due diligence of underlying real estate and pipeline of investment opportunities to assess credibility and deliverability of the investments that meet our strategic objectives.  Critically reviewing proposals and providing content for early papers for consideration by the Product Equity and Partnerships senior team and wider stakeholders •    Approvals: Understanding and following Homes England and its stakeholders approval processes and governance for new equity investments and investments in operation.  Preparing concept papers, strategic papers and business cases and where appropriate Investment Committee/Board reports •    Diligence: Undertaking analysis of the business plans and appraisals of potential partnerships and platforms for investment.  Interrogating assumptions and robustness of appraisals /financial models Identifying and mitigating key risks to delivery •    Contracting: Understanding Homes England’s investment parameters, understanding and implementing our contracting processes and procedures.  Working with the team and wider Agency colleagues in legal, risk, operations, finance and portfolio management to manage external legal and professional advisors, in support of commercial negotiations •    Governance: Participate in establishing and contributing to the ongoing governance of new investments within the wider Agency Risk Framework to ensure all relevant aspects are considered and co-ordinated •    Responsible investment: Ensuring that our transactions reflect the Agency’s emerging policies and that our partners operate in responsible and sustainable ways, reflected in both their approach to development and their own corporate governance.  Incorporating our sustainable reporting requirements into our management information requests •    Leadership: Provide day to day oversight and coaching for Analysts and Managers; set clear deliverables and uphold documentation standards. •    Adaptability: Work flexibly across the different teams within Product Equity and Partnerships to support different activity as business need requires.  Homes England Employees are expected to be flexible in undertaking duties and responsibilities commensurate with the general character of the role and level of responsibility •    Collaboration: Work collaboratively with colleagues from across the Agency and co-ordinating advice and support in relation to strategic and place-based investment opportunities and other interventions to meet Agency objectives Key qualifications, knowledge and experience •    Degree level qualification or equivalent professional industry experience (e.g., banking, accountancy, surveying, law, or similar).  Ideally CFA/CAIA/MRICS/ACA qualified level qualification or equivalent professional industry experience (e.g., banking, accountancy, surveying, law, or similar) •    Relevant experience delivering real estate or infrastructure investments; track record leading diligence workstreams and managing external advisers. •    Knowledge of real estate development, investment structures, funding strategies, and governance obligations associated with equity and JV arrangements •    Strong understanding of assurance, governance, and risk management, including experience managing complex real estate transactions •    Experience in financial and real estate modelling, transaction reporting, and portfolio/asset management within the real estate or investment sector  •    Experience of client and stakeholder management, including working with developers, professional advisers, and internal senior stakeholders •    Strong verbal and written communication skills, with the ability to tailor messages to different audiences and produce high quality reports and documentation •    Evidence of mentoring or line management and of raising delivery standards across a team. •    Shares knowledge and experience with others to produce good results and maximise outputs and productivity. Take responsibility for personal career development. Values and key behaviours •    Drives continuous improvement: Identifies opportunities to enhance delivery, streamline processes, and introduce more efficient ways of working both within the Agency and with external partners. Demonstrate strong project management and delivery focus •    Produces high quality documentation: Ensures approval papers, business cases, committee presentations and related materials are consistently of a high standard, accurate, and well structured •    Maintains strong risk and governance standards: Upholds robust risk management practices throughout the transaction and investment lifecycle. Acts in line with good governance principles and responds constructively to feedback from colleagues •    Builds influential relationships: Develops and maintains positive, effective working relationships across the housing industry and with internal stakeholders, including MHCLG, HMT and other government departments. Uses these relationships to support strategic priorities, shape policy and promote financial flexibilities •    Demonstrates organisational agility: Adopts a flexible approach to multifunctional working, collaborating with other teams as needed to support the Agency’s wider mission and objectives •    Engages positively with colleagues: Interacts constructively and professionally with colleagues at all levels, contributing to a positive working environment. Strong engagement is evidenced through feedback and stakeholder interactions