Location: Hybrid, remote / office based covering Yorkshire & Humber and Northwest England
Reporting to: Lead Relationship Manager
Contract: Fixed term contract 2 years, full time, flexible hours
Date closes:4th September 2022
Reporting to a Lead Relationship Manager this role plays an important part in the provision of capital grants to our charity and social enterprise customers working in the youth sector as part of the Youth Investment Fund (YIF).
We are looking for someone who has previous experience of funding of property / real estate / asset acquisition or redevelopment, (which could be in the form of capital grants or lending) relationship management and managing a portfolio of business/organisation grant customers. This is a great opportunity for someone to be involved in making a difference to young people. We need someone who is passionate, proactive, can work well autonomously and as part of a team.
The Youth Investment Fund (YIF) is a £368 million fund created by the UK government to create, expand and improve youth facilities and services in England to drive positive outcomes for young people.
YIF is being delivered by a partnership between Social Investment Business, The Key Fund, National Youth Agency and Resonance.
Together, we aim to deliver grants for up to 300 facilities in selected eligible areas across England by 2025 that represent positive value for money, are environmentally sustainable and enable positive activities for young people aged 11–18 (up to 25 for young people with SEND).
This funding will drive value-for-money facilities that youth organisations can afford to sustain. Using innovative construction techniques, as well as supporting redevelopment projects that expand youth service provision, the YIF will achieve savings on facility running costs, so that resources can focus on activities that enrich young people’s lives.
It will support projects to level up youth provision, assessing and distributing grants so that local youth facilities and services can be the best they can be.
This role will be employed by Key Fund
Key Fund Investments Limited (KFI) is a social enterprise that provides support and mainly modest amounts of funding and investment, to enable the development and growth of other community and social enterprises. It operates across the Midlands and North of England, particularly targeting those enterprises working in deprived communities or with marginalised groups of people.
The mission of KFI is to provide the ‘right kind of money at the right time’ for the development and growth of sustainable and impactful community and social enterprises that are unable to secure financial support from elsewhere.
Our values are:
Purpose: Committed to achieving our goals to bring about positive social impact.
Responsibility: Believe in what we do and expect the highest standards at all times.
Integrity: Demonstrate honesty and credibility making mutual trust possible.
Respect: Genuine in the support, empathy and care that we supply to individuals.
Courage: Challenge and to push the boundaries to open doors to the future.
- Responsible for managing a portfolio of capital grant investments as part of the Youth Investment Fund (YIF) and acting as the primary point of contact for all communications with those customers.
- Undertake detailed assessments of new grants, managing the process of collating information for a full application from across the ‘three pillars’ of the YIF: organisational resilience, construction/redevelopment project viability and supported activities for young people. This may include coordinating support for an applicant from experts and the wider YIF partnership.
- Undertake AML/KYC, eligibility and fraud checks on new grantees.
- Drawing up grant and security documentation where required.
- Arrange drawdown and disbursements of funding.
- Build and maintain strong working relationships with all potential and actual grantees within your portfolio.
- Collect, review and report on monitoring information from grant recipients which is predominantly financial information (management accounts, annual accounts and forecasts) and construction progress reports focused on organisational resilience and the status of the build over the lifetime of a capital project and after its completion.
- Ensure scheduled grant drawdowns due to grantees are received in line with agreed schedules and take action if schedules are subject to change.
- Proactively identify emerging support needs and recommend methods to address these, including sources of external advice/support.
- Discuss potential variations to the terms of grants with grantees and prepare and submit grant variation recommendations to internal committees including the YIF’s independent Assessment Panel and the YIF Grants Committee, including challenging situations where the grantee is not able to bring a significant capital project in on time and on budget, or is otherwise in financial distress.
- Support and/or lead on relevant YIF projects as and when required.
- To work within the organisation’s values, principles and processes to achieve operational excellence.
- To adopt our continuous improvement and learning ethos.
- To support and embed equality, diversity and inclusion into day-to-day behaviours and activities within your role as well as contributing more widely across SIB’s commitment to E, D & I.
- To support and contribute to the implementation and delivery of SIB’s strategy.
- In agreement with manager to undertake other tasks and work on cross team projects that support the objectives of SIB as required.
Skills and Experience
- Commitment to quality, equality, diversity & inclusion, and customers.
- Excellent communication skills that can be adapted to a variety of audiences.
- Team player who can work collaboratively with others as well as the ability to work independently.
- Experience of managing or working with a portfolio of business/organisation capital grant or loan customers.
- Ability to analyse and make objective judgements based upon complex written and financial information.
- Previous experience of assessing capital grant applications, or loan applications.
- Experience of interpreting and understanding data on Microsoft Excel.
- Credit assessment training or a good understanding of company financial accounts.
- Good negotiating, influencing and problem solving skills.
- Ability to work using own initiative, manage own workload, be a self-motivator and work remotely.
- A passion to help financially viable charities and social enterprises access funding.
- Knowledge of the voluntary, community, and social enterprise sector, particularly the youth sector.
- Experience of construction projects, real estate or property.