Investment Manager Cornwall - Equity

Job content

Reporting directly to the Head of Fund, this is an exciting opportunity to join a small locally based team managing a £37m fund backed by The British Business Bank. The fund provides both equity investments and loans to high growth potential SMEs based in the county of Cornwall and the Isles of Scilly (‘CIOSIF’).

CIOSIF has already built a portfolio of equity investments, which include leading edge technology with a particular emphasis on marine, renewables, agri-tech and communication.

We are seeking an Investment Manager to join our team to drive further growth of new equity investments.

Principal accountabilities:

Origination, appraisal and execution of investment applications in the range £50k – £2m to include:

• assessing applications in line with operating guidelines,
• conducting due diligence,
• preparation of proposals and presenting to investment committee
• negotiating approved proposals through term sheet to final documentation phase
• representing the fund as observer on investee company boards as necessary

Pro-active portfolio risk/return management including working on exit strategies

Promotion of the fund throughout Cornwall and the Isles of Scilly to create a sustainable pipeline of deals and general marketing to raise awareness.

Contributing to reports to stakeholders and general fund administration.

Support new business development tasks, if required, including fund modelling.

Knowledge, skills and experience:

• Whilst we are ideally looking for someone with equity investment experience, we are prepared to consider someone who has a financial or legal background in corporate structuring/restructuring, acquisitions etc, and who has a good understanding of how businesses operate.
• Exposure to/knowledge of key industry sectors which may include technology, marine , healthcare, education, cleantech.
• Ability to drive lead generation through personal networking/marketing/conferencing.
• IT proficiency – MS Office 365 package
• A diligent working style and some form of experience using CRM systems to manage & track proposal activities.
• University educated or equivalent.
• You must be able to travel throughout Cornwall and to the Isles of Scilly* to meet with customers and attend marketing events. A current UK driving licence and vehicle are a prerequisite.

What we offer:

• A competitive base salary commensurate with your experience (banding £45k to £55k)
• 25 days annual leave plus usual Bank holidays in England & Wales, plus your birthday off
• 5% contribution to employer pension scheme, subject to minimum 3% contribution from employee
• Ability to join the private medical scheme after probation period finishes (50% employer contribution to premium)
• Death in Service benefit equivalent to 4x salary.

About us:

Established in 2002, The FSE Group primarily manages funds on behalf of public sector organisations which are used for investing in or lending to growth small or medium enterprises (SMEs).

A period of rapid growth now sees our group funds under management at nearing £200m. With a head office located in Camberley, Surrey, and group offices located in Birmingham, Ipswich, Truro and London.

For more specific information on the Cornwall fund visit www.ciosif.co.uk

FSE is dedicated to bridging the funding gap for innovative, ambitious and scalable small and medium sized enterprises (SMEs).We provide funding to eligible early stage or established businesses. We strive to create growth in local economies by helping SMEs with their funding needs.

You must have the right to work in the UK and be located, or willing to locate with a reasonable commute of the Truro office. *During Covid restrictions employees have been working from home. There will be a blended approach of home/office working going forwards as restrictions ease. Therefore, access to good quality/speed home internet is a must.

Closing date: Friday 30th July.

Strictly no agencies.

Previous applicants need not apply.