Edinburgh - Associate Director - Sustainable Energy
The Scottish National Investment Bank is a new development investment bank for Scotland with a vision to catalyse change by investing in a fairer, sustainable and ambitious Scotland. The Bank is a mission-led patient capital investor, with long-term missions set for it by the Scottish Parliament. Its missions have been set by the Scottish Parliament and include:
- Net Zero Mission: achieving a just transition to net zero by 2045.
Investing in rebalancing our economy towards leadership in sustainable technology, services and industry.
- Place Mission: extending equality of opportunity through improving places by 2040.
Investing in places and regeneration to improve opportunities and outcomes for people and communities.
- People Mission: harnessing innovation to enable our people to flourish by 2040.
Investing in innovation and technology and industries of the future for a healthier, more resilient and productive population.
The Bank will invest in businesses and projects connected to Scotland that support the delivery of its missions in Scotland.
The Bank will be underpinned by £2bn of capital from the Scottish Government, over 10 years.
As a development investment bank, the Bank will seek to enhance and expand the financial investment options available to business and projects across Scotland. In addition to the capital the Bank has committed from the Scottish Government, the Bank will be seeking to crowd-in investment from other lenders and institutional investors into the Scottish economy.
The ideal candidate for Associate Director - Sustainable Energy will have a demonstrated track record (7+ years) of originating, structuring, closing and managing debt and/or equity investments in the infrastructure, project finance and energy sectors.
- Acting as part of larger deal teams and also leading your own deals, from origination, through structuring and to close.
- Work closely and collaboratively with Investment Risk colleagues on all investment opportunities from inception.
- In collaboration with the Investment Risk team and Impact Investment team: identify and quantify both financial risks and social impacts, both positive and potentially negative, in all investment opportunities.
- Undertake and manage the necessary due diligence, financial modelling, risk analysis and mitigation in the structuring of loans, equity investments or other deal structures. Prepare investment papers throughout the life of the deal, drafting papers and reviewing sections drafted by more junior members of the team.
- Support the training and management of more junior team members.
- With the support of internal and external counsel, ensure appropriate legal documentation is successfully structured, negotiated and concluded in line with approvals.
- Team responsibility for ensuring compliance with the full investment approval process of the Bank, including responsibility for the preparation of all investment committee papers and reports.
- Develop strong relationships with the wider financial ecosystem in Scotland, including banks and institutional investors.
- Develop strong relationships with counterparties across multiple sectors in seeking to deliver investment opportunities in line with the Bank's missions.
Key skills and experience
- Degree qualified, in Business Administration, Finance, or other degree with subsequent industry experience.
- Professional qualification (CA, CFA or similar), will be highly regarded.
- At least 7 years of investment banking or private debt/equity institutional investment experience, ideally focussed on energy, project finance and infrastructure.
- Experience in identifying social impacts and investment impact reporting would be highly regarded.
- Proven 'origination to close' experience.
- Knowledge of the specific market factors in Scotland is desirable.
We are committed to equality for all and being a fully inclusive employer, and are proud of the fact that our Board and Executive is gender diverse. We are actively seeking to build on this to grow a diverse team made up of complementary skills and experiences.