Senior Manager - Equity & Partnerships

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.

Job description

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.

Person specification

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.

Benefits

Homes England is an executive non-departmental public body with its own terms and conditions, benefits and pension scheme. We are a government agency working in partnership with the private sector and want to employ and retain great people. In return we offer a range of excellent benefits, some of the key benefits include:

Holiday - Homes England offers all staff 33 days annual leave per year in addition to 8 statutory bank holidays.

Working Flexibly - At Homes England we have a strong culture of flexible working and encourage all employees to have a healthy work/life balance. We offer a wide range of potential working patterns, including part time, job share and compressed hours.

Health and Wellbeing - We offer health screening with Nuffield Proactive Health Clinics, a free Employee Assistance Programme which offers confidential support 24 hours a day, 7 days a week as well as access to Occupational Health.

Professional Development - At Homes England we are committed to your continued professional and personal development with learning as one of our core values. We pay for one job-related professional membership subscription per year for our employees.

We also offer an excellent range of family friendly benefits, for example, maternity, paternity, shared parental leave.

Things you need to know

Artificial intelligence

Artificial intelligence can be a useful tool to support your application, however, all examples and statements provided must be truthful, factually accurate and taken directly from your own experience. Where plagiarism has been identified (presenting the ideas and experiences of others, or generated by artificial intelligence, as your own) applications may be withdrawn and internal candidates may be subject to disciplinary action. Please see our candidate guidance (opens in a new window) for more information on appropriate and inappropriate use.

Selection process details

How to apply?

To apply please follow the links to our careers page.

Security

Successful candidates must pass a disclosure and barring security check.

Selection process details

For more information on the role, please see the attached Job Description.

Successful applicants will be advised of the outcome of their application and interviews held as soon as practical after the closing date. Feedback will only be provided if you attend an interview or assessment. We would like to take this opportunity to thank you for your interest in this role and Homes England.

Please note – Homes England has a responsibility to ensure compliance with HMG Baseline Personnel Security Standard to address the potential problems of identity fraud, illegal working and deception generally. To ensure compliance we will carry out a pre-employment Personal Identity and Vetting Report through Experian to meet the standard and you will therefore be asked to provide certain information in order that the verification check can be carried out if you are successful in your application.

Homes England are an equal opportunities employer and positively encourages applications from suitably qualified and eligible candidates. We are proud to be an equal opportunities employer that values and respects the people who work for us. Our aim is to be an employer of choice, enabling everyone to reach their full potential.

Homes England is committed to protecting the privacy and security of your personal data. For further information please refer to our Privacy Notice which can be viewed here:

https://www.gov.uk/government/organisations/homes-england/about/personal-information-charter

Nationality requirements

Open to UK, Commonwealth and European Economic Area (EEA) and certain non EEA nationals. Further information on whether you are able to apply is available here.

Working for the Civil Service

Please note this Post is NOT regulated by the Civil Service Commission.

The Civil Service embraces diversity and promotes equality of opportunity. There is a guaranteed disability confident interview scheme for candidates with disabilities who meet the minimum selection criteria.

Further information

Once this job has closed, the job advert will no longer be available. You may want to save a copy for your records.

Feedback will only be provided if you attend an interview or assessment.

Security

Successful candidates must undergo a criminal record check.People working with government assets must complete baseline personnel security standard (opens in new window) checks.

Nationality requirements

This job is broadly open to the following groups:

• UK nationals
• nationals of the Republic of Ireland
• nationals of Commonwealth countries who have the right to work in the UK
• nationals of the EU, Switzerland, Norway, Iceland or Liechtenstein and family members of those nationalities with settled or pre-settled status under the European Union Settlement Scheme (EUSS) (opens in a new window)
• nationals of the EU, Switzerland, Norway, Iceland or Liechtenstein and family members of those nationalities who have made a valid application for settled or pre-settled status under the European Union Settlement Scheme (EUSS)
• individuals with limited leave to remain or indefinite leave to remain who were eligible to apply for EUSS on or before 31 December 2020
• Turkish nationals, and certain family members of Turkish nationals, who have accrued the right to work in the Civil Service

Further information on nationality requirements (opens in a new window)

Working for the Civil Service

Please note this Post is NOT regulated by the Civil Service Commission.The Civil Service embraces diversity and promotes equal opportunities. As such, we run a Disability Confident Scheme (DCS) for candidates with disabilities who meet the minimum selection criteria.

Diversity and Inclusion

The Civil Service is committed to attract, retain and invest in talent wherever it is found. To learn more please see theCivil Service People Plan (opens in a new window) and the Civil Service Diversity and Inclusion Strategy (opens in a new window).

Apply and further information

The Civil Service welcomes applications from people who have recently left prison or have an unspent conviction. Read more about prison leaver recruitment (opens in new window).Once this job has closed, the job advert will no longer be available. You may want to save a copy for your records.

Contact point for applicants

Job contact :

• Name : Rebecca Nolan
• Email : rebecca.nolan@weareams.com

Recruitment team

• Email : psrpermapplications@weareams.com

Attachments

JD - PEP Senior Manager Opens in new window (docx, 335kB)