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Deputy Fund Manager (TVI New investments)

Department: Technology Venture Investments (TVI)

Location: Cardiff

 

Job purpose

To provide team management support for the Technology Venture Investments Director, together with leadership and guidance for Technology Venture Team Investment Executives.

Specific responsibility for leading on business development, focusing on new deal generation and the development of coinvestment relationships to support the Technology Venture portfolio.

To be responsible for the generation and appraisal of applications for investments. Preparing reports where appropriate, recommending and presenting investment propositions to the TVI Director, Investment Director and Investment Committee.

The Senior Investment Executive will also responsible for the monitoring, development and realisation of their respective investment portfolio of fast growth, IP rich, technology based businesses

Main Duties and Responsibilities:

  • Contribute to the operation of the Fund as a senior professional fund provider of risk capital to start-up and existing businesses, in accordance with the investment operating guidelines, and the terms of approval of the National Assembly and the European Regional Development Fund (ERDF) .
  • Assist with the development and management of systems and procedures as specified in the funds investment operating guidelines.
  • Line management responsibility for sub team of Investment Executives
  • Monitor their respective TVI portfolio, attending Boards as observer and facilitating the appointment of NEDS and the strengthening of the executive teams as necessary. Where appropriate, place follow on investment in portfolio companies following the achievement of planned critical milestones
  • Manage and motivate other team members, providing investment training/guidance where required. Assist Investment Executives with the structuring of challenging investments and expedient processing of deal completions.
  • Deputise for the Director of Technology Venture Investments at Fund Managers meetings and other senior management commitments as appropriate, including the exercise of discretionary powers. Act with full delegated authority within limits authorised for a Deputy Fund Manager
  • Responsible for the appraisal and sanctioning of investments up to £250k in line with Investment Operating Guidelines
  • Develop and maintain a network of co-investors from the angel community, institutional investors and corporate investors, to support the investment activities of the Technology Ventures team.
  • To maintain and develop technical and industry specific knowledge to ensure best practice and compliance in investment activity
  • Assess applications for funding, conducting appropriate due diligence and preparing necessary reports to the Technology Venture Director, Investment Director and Investment Committee.
  • Build, develop and maintain a network of contacts able to provide leads and deal flow for the Fund.
  • Assist the Technology Venture Investment Director to input specialist advice and guidance to Finance Wales Plc. for the development of new financial products to address the gaps in provision and meet the needs of businesses in Wales
  • Undertake presentations, participate and represent the Fund(s), where appropriate, at meetings, seminars, events and joint group activities.
  • Assist in marketing/promoting the Fund(s) in conjunction with the wider awareness raising of Finance Wales Plc.
  • To attain set targets.
  • Any other task as may be defined by the Technology Venture Investments Director to meet the operational needs of the Fund


Knowledge, Skills, Abilities and Experience
Essential
 

  • A proven track record of completing complex structured equity based investments in leading edge, technology, based businesses.
  • Demonstrable experience of investment portfolio management, ideally with a successful exit track record.
  • Understanding of risk assessment and investment processes and procedures.
  • Demonstrable expertise in and knowledge of, key emerging technology sectors, ideally, with a detailed understanding of the wider ICT sector including – IOT, SAAS, digital media, telecoms, e-commerce, data analytics, security software.
  • Strong communication, influencing and interpersonal skills at board and team level.
  • Experience of coaching and training team members and some leadership experience.
  • Credible, able to negotiate with confidence and represent Finance Wales in the local business community.
  • Self-starter, able to take initiative and motivate others.
  • Able to work independently and as part of a team.
  • Confident in own decision making skills.
  • Ability to prioritise and organise work under pressure.
  • Attention to detail.


Desirable 

  • Knowledge and understanding of the role of the public sector in SME finance.
  • Understanding of the regional business environment.
  • Presentation Skills.
  • Welsh speaker.
  • Driving license
  • IT literate to include the use of Microsoft Word, Excel, PowerPoint, Dynamics and SharePoint, Lotus Notes, Sage Winforecast.


 

Apply now

To apply send your application form to: recruitment@financewales.co.uk

Application form