Manager Blended Finance - 12 month FTC
About BII
British International Investment is the UK’s development finance institution, owned by the UK Government. With a mission to solve the biggest global development challenges, we aim to create a virtuous circle of investment and impact. Your contribution will be essential.
It won’t be easy: we do the hardest work in the most complex markets. Be prepared to test your skills, get creative and say your piece as you take on high-profile work as part of a diverse team of exceptionally smart, passionate people.
In return, you can take your career to all-new places in a culture that rewards curiosity and collaboration, and balances high performance with wellbeing.
BII at a glance
Over 75 years supporting sustainable business growth in developing and emerging markets
More than £8.8 billion in net assests
1,400+ businesses invested in
950,000 workers in the businesses we support
650+ people in our diverse global team
3 key development objectives: Productive | Sustainable | Inclusive
Purpose and Role of the Capital Solutions Team
The Capital Solutions team sits within the Office for the Chief Investment Officer (OCIO). OCIO works with investment teams to set and execute the investment strategy across all sectors, products, regions and capital portfolios. OCIO covers six areas overseen by the Chief Investment Officer:
Capital Solutions
Asset Allocation
Investment Policy and Decision Making
Portfolio Management
Fund Solutions
Special Situations
The Capital Solutions team provides the tools to deliver BII’s development goals, either through existing pools of capital (Growth, Catalyst, BII Plus and Kinetic) or with new pools of capital and partnerships, for which key parameters around impact, risk, return and governance must be designed and managed.
Key responsibilities
The focus of the role is in supporting the implementation of Kinetic facilities but as part of a collegiate team with a broader mandate which includes managing BII’s Catalyst portfolio and capital partnerships. The candidate will therefore also contribute to other work being delivered by the Capital Solutions team as required.
There are 5 levels within OCIO teams - Associate, Executive, Manager, Director and Team Head. We are looking to hire a Manager who will assist with mentoring and developing more junior team members alongside their responsibilities below.
Managing Kinetic facilities
Our recently introduced ‘Kinetic Portfolio’ has been designed to enable us to invest and manage catalytic investment strategies. It complements our existing Growth and Catalyst Portfolios and BII Plus technical assistance capabilities, ensuring we’re providing a comprehensive and flexible capital toolkit to help address our partners’ investment and development needs. This portfolio has a higher risk tolerance than our existing Growth and Catalyst investment strategies and it can be blended with other forms of capital.
BII currently has three Kinetic facilities:
Climate Innovation Facility (£240m): Introduced in 2021, the Climate Innovation Facility has a highly catalytic, climate-focused investment mandate. It enables BII to test, seed and scale cutting-edge technologies or unproven business models and strategies that have the potential for transformational impact on the lives of people and communities in Africa, Asia and the Caribbean. We aim to use the risk-tolerance and catalytic potential of this capital to deliver flexible, creative solutions that address crucial gaps in our markets through tools such as credit/return enhancement, viability gap funding, project development loans and flexible debt. Focus themes include Productive Use of Renewable Energy (PURE), Agriculture and Forestry and Green Infrastructure. More information on CIF investments announced at COP28 (BasiGo, SunCulture) are available here.
Mobilisation Facility (£100m): In 2024, the Prime Minister announced the introduction of this facility, focused on unlocking private capital for climate and sustainability-focused investments in emerging economies. You can read more here. In January 2025 BII launched a request for proposals in partnership with Mercer calling on the private investment community to help design investment products that seek to address the gap between risk appetite and return thresholds of institutional investors.
African Resilience Investment Facility (£50m): This facility, announced in February 2025, will deliver much-needed finance to spur economic growth in some of the towards the world’s poorest countries. It aims to unlock more finance for growing high potential businesses in those African countries which currently have the furthest to travel to attract commercial investment. The ARIF mandate will have the ability to invest across all African Low-Income Countries (LICs). ARIF will stimulate investment in critical infrastructure and real economy sectors by deploying targeted blended finance. It complements BII’s pioneering work in leading collaboration with other DFIs to better identify and coordinate investment opportunities in frontier markets through the Africa Resilience Investment Accelerator (ARIA).
Key workstreams will include:
Managing the internal governance processes and required documentation to support investment decision-making for Kinetic facilities
Supporting financial management of Kinetic facilites, working with relevant investment and operations teams at BII. This includes:
- Managing the budget for Kinetic facilities including monitoring spend against administration fee
- Monitoring financial reflows from Kinetic investments, and ensuring appropriate governance processes for allocation to new investments
- collecting Collecting accurate and timely data for shareholder pipeline reporting, cash flow forecasting and drawdowns of funds.
Supporting portfolio management and monitoring, including timely and accurate progress reporting to BII’s shareholder (FCDO) and relationship management with key internal and external stakeholders
Partnership building where relevant
Overseeing monitoring, evalution and learning of CIF and other Kinetic facilities where relevant
Blended Finance
Identifying catalytic capital gaps in BII toolkit and working with investment teams to develop new products that meet BII and investee needs
Providing the business with space and channel(s) to identify and develop new high impact, large scale initiatives that require catalytic capital
Supporting the business to increase awareness, understanding and dealflow in high priority themes such as carbon, nature-based solutions, e-mobility and gender first investing
Facilitating sharing of best practices in blended finance within BII and to/from the wider innovative finance community
Managing catalytic capital partnerships for BII
In the short-term this will be focused on managing the Shell Foundation partnership and will include:
Managing the relationship with SF including regular BII/SF partnership meetings, internal communications and internal stakeholder briefings around the partnership.
Managing the process of pipeline sharing, working in collaboration with relevant investment teams as appropriate.
Managing collaborative projects such as research, thought leadership and external communications, working with relevant BII teams and/or external stakeholders as appropriate.
Supporting co-investments and/or co-creation opportunities that use catalytic capital to address shared impact goals e.g. LCY lending facilities
The Candidate
Background
Experience in sustainable, responsible or impact investing required
Demonstrable interest in development finance in emerging markets (professional experience working in relevant markets would be desirable)
Significant awareness of BII’s current operations, teams and policies across products and sector groups, and across financial and impact frameworks
Investment experience and transaction exposure, preferably with a mixture of BII’s typical investment products as well as other innovative structures BII is yet to pilot
Competencies
Excellent project management skills, including independently driving workstreams
Strong communication and presentation skills, both written and verbal
Strong numerical, analytical and problem-solving skills
Transaction structuring and investment expertise, including portfolio monitoring and analysis across financial and other dimensions
Ability to develop and shape strategic thinking, for example to support new investment strategies focused on a particular product or sub-sector
Research and data analysis. Ability to source and analyse data from multiple sources, and to synthesise this into key learnings and
Style and motivation
Excited and energised by the potential for transformative impact through the role.
Creative, innovative and entrepreneurial spirit. Comfort with pioneering a path where none currently exists. Equally, able to prioritise and focus energy on key outcomes.
Ability to work collaboratively across sector and product teams, and to engage with stakeholders at all levels to bring people along on the journey.
Possess an ownership mentality including a desire to take responsibility and being empowered to drive progress across key projects and also play a leading role in the development of the team and wider organisation.
Comfortable with the complexity and ambiguity of the markets and products BII operate within.
Strongly motivated by BII’s development mission and should be able to demonstrate some commitment to development or social goals through previous executive or non-executive activity.
Our cultural values
We look for team members who aspire, as we do, to work at our best and to be:
Impact-led, commercially rigorous
Tenacious in the face of challenges
Collaborative and caring
BII is committed to diversity and inclusion and welcomes all applicants regardless of age, disability, gender reassignment, marriage and civil partnership, pregnancy and maternity, race, religion or belief, sex or sexual orientation or educational background.
Please provide a cover letter with your application
Salary: Competitive
