Social Investment Scotland (SIS) are a social investment finance intermediary (SIFI) operating across Scotland and beyond. Our mission is ‘to connect capital with communities, to make a real, measurable and sustainable impact upon peoples’ lives.’
This connection happens in two ways. We help social enterprises and mission driven businesses access the finance and support they need to support delivery of their own missions; and we support a growing community of social investors- looking for both a financial and a social return on their investment- access opportunities.
Purpose of role
As a result of the continued growth of the organisation, and to support the ambitions of our refreshed strategic framework, this new position is an exciting opportunity to join the leadership team at SIS.
The new strategic framework, to be formally launched shortly, will present a compelling vision for a purposeful economy supported by a more ambitious and confident SIS:
Governments and their agencies can partner with social enterprises in a range of different ways, but particularly to enhance delivery of social impact;
Social entrepreneurs receive aligned investment and support;
Consumers and businesses can purchase products and services from social enterprises; and
Investors of all kinds can make purposeful investments for a financial and a social return.
Working closely with the CEO, the Head of Funds will lead on a range of strategic actions that will support the design and development of new SIS funds, with a particular focus on propositions for private investors via the SIS Ventures subsidiary. The Head of Funds will have a unique opportunity to combine their financial knowledge and expertise with the opportunity to support the development of impact investment funds that create meaningful impact in communities across Scotland, the UK and even elsewhere in the world.
Responsibilities will include
Working alongside the CEO and the Head of Finance, lead on the management of relationships with the organisation’s existing investors across all funds and group entities.
In line with the strategic action plan, support the development of new fund propositions and in particular the fund modelling and due diligence required as these propositions develop.
Provide leadership to support the continued evolution of SIS Ventures, and other funds with a specific focus on raising investment from individual investors. Develop and deliver fundraising strategies for these funds, including directly raising investment from these individual investors.
In conjunction with the Head of Finance, lead the delivery of ongoing investor reporting as part of the organisation’s stakeholder management and investor relations.
Alongside the Head of Finance, provide the main executive team link to the board’s Capital and Finance Committee, particularly on the delivery of the organisation’s capital action plan.
Alongside the Head of Impact, and specialist impact partners taken on by the organisation from time to time, lead on the development of the impact strategy for group funds in line with the SIS mission and theory of change.
Form part of the credit and investment committee process, to support the development of investment proposals within the organisation’s risk appetite. This will require a particular focus on equity investments into mission led businesses at an early stage of their life cycle.
Hold regulatory permissions as required in line with the Senior Manager’s Certification Regime (SMCR) specifically as SMF3 as set out in the FCA’s guidance. Take all necessary steps to remain ‘fit and proper’ in line with these responsibilities.
Provide leadership of and line management to designated colleagues (particularly the Lead Fund Manager, SIS Ventures) and their respective teams, ensuring a culture of continuous professional and personal development in line with the SIS values.
Attend all relevant committee and fund board meetings as appropriate, in conjunction with other members of the leadership team.
In conjunction with the CEO, and other members of the leadership team, attend meetings and events as appropriate to represent the organisation.
Experience of operating at a senior level in a relevant environment
CA qualification (or equivalent)
Proven experience of raising investment from a range of sources
Knowledge of investment tax reliefs
Knowledge of the funding and support available for early stage companies
Experience of making investment decisions
Experience in the social sector is desirable but not essential, however applicants should have an appreciation of the work of social enterprise in Scotland and beyond.