Head of Community Assets

Location: Bristol or Launceston, cornwall
Salary: £55,000 plus benefits (6Mth contract at first)
Call: 0117 321 0588
Email: nick@redlandsearch.com


Fixed term 6 month contract initially, expected to progress to permanent role on successful launch of fund
 

Summary:    The Head of Community Assets, based in the Launceston or Bristol office, is there to help launch and run a pioneering social impact fund focused on investing in community–led asset projects at scale across the UK. Our mission is to connect capital with social enterprise, and we have 15 years track record in delivering that. This fund is being developed with both existing and new partners and investors, and aims to provide access to flexible and affordable finance for community-led organisations needing investment from early stage seed capital through to multi-million pound long-term finance.

Projects may cover areas including affordable local housing, sports assets and community renewable energy projects. You will initially be leading development and launch of this new Community Assets fund within an existing framework of supportive colleagues, a detailed framework for the new fund, and with the benefit of the organisation’s 5-year track record with similar funds.

The expectation is that the role would then continue to take primary responsibility for originating and executing investments from the fund after it is successfully launched.

If you have experience in community development and structuring investment and a passion for using this to build up transformational community enterprises, please see the detailed Job Description below.

Responsible to:    CIO
Direct Supervisory Responsibility for:    Investment Managers, Investment Analysts and external associates working across Resonance’s community asset work.
Indirect Supervisory Responsibility for:    Investee portfolio organisations
Other Important Functional Relationships: 
(Internal):    CEO, Leadership Team, Finance team, Comms team, Investment Committee
Important Functional Relationships
(External):    Investors, Social Enterprise investees, Power to Change, Esmee Fairbairn Foundation, Big Society Capital, Local delivery partners

The Role of Head of Community Assets

Core responsibilities:

  • Fund design and launch – to assist in the final stage development and launch of the fund, based on the existing feasibility study work, including further development and finalization of arrangements with local delivery partners, marketing of the fund to investors and structuring of the fund vehicle, in conjunction with the Investment Director
  • Following launch of the fund:
    • To oversee ongoing management of the fund generating deal flow within fund’s mandate to due diligence and present to investment committees and then to negotiate, execute, monitor/manage investments made
    • To lead on deal creation including the development of new relationships with local delivery partners that can provide the pipeline of community asset projects to be invested in by the fund
    • Stakeholder management - participate in meetings, conferences and events led or attended by key stakeholders or potential partners in the sector 
  • At all stages:
    • To report to the Investment Director and relevant stakeholders on performance of the fund (both financial returns and social impact)
    • To undertake financial modeling to support the above activities
    • To assist with full legal compliance, in terms of structures and processes
    • To assist with reporting to Board, management and fund investment committee meetings on a periodic basis

Person specification

The Head of Community Assets will play an important role in the development of the company’s Funds under management, particularly the Community Asset funds, and to its growing prominence in the sector.  The ideal candidate will therefore have relevant experience to be able to demonstrate the following skills and experience:

Key Strengths

This person will be:

  • A solutions finder; not giving up at the first barrier but able to think creatively to identify and implement investment opportunities even if this requires modifications to the initial proposal
  • A team player; working with people in and outside of the organization to get the job done
  • Resilient; capable of maintaining motivation and focus despite set backs
  • Strategic with attention to detail; capable of seeing and communicating the big picture and translate that into specific actions.
  • Strong on execution; able to bring together and orchestrate numerous moving pieces and drive things forward in order to get the deal done
  • Financially literate but socially motivated; not “in it for themselves” but still highly competent
  • Self starter but capable of bringing people along with them
  • Empathetic in seeing the other side of the story and yet also holding people to account 

Essential experience and skills:

  • Fully subscribes to the organisation's vision, mission and values
  • Experience in social investment either from the social enterprise perspective or other very hands on investor side including deal structuring, executing and ongoing management 
  • Experience in community development either as volunteer or paid role
  • Ability to process and break down investment proposals, analyse risk and recommend decisions on investment suitability
  • Ability to understand, interpret and advise on business and financial strategy within the context of a values led enterprise
  • Commercial acumen and ability to creatively source investment opportunities suitable for funds' criteria
  • Strong financial modelling skills
  • Experience in the implementation of systems and performance measurement processes
  • Knowledge and understanding of the FCA
  • Excellent verbal and written communication and presentation skills 
  • Exceptional influencing and interpersonal skills; able to adapt to different audiences (e.g. institutional investors, community partners, technical advisers, community volunteers) to build effective relationships
  • Able to prioritise work towards clear goals and performance targets
  • Able to work independently and demonstrate initiative and tenacity in seeing tasks or projects through to conclusion
  • Thorough and detailed approach to organising work and maintaining accurate records
  • Highly professional and ethical approach in representing the company and marketing its products
  • Willing to travel within the UK and work with colleagues in multiple locations using appropriate communications technology
  • Enthusiasm to work in an entrepreneurial and innovative environment
  • Desire to help address social issues through impact investment

Desirable:

  • Educated to degree standard
  • Other relevant professional qualification
  • FCA registration
  • Knowledge of community enterprise sector 
  • Knowledge of community assets sectors such as affordable housing, renewable energy, sports assets 
  • Experience of both equity and loan funds
  • Experience of community share issues
  • Knowledge of social impact measurement frameworks