Head Of Social Loans / Investment Director
London, United Kingdom
Key Responsibilities• Leading the 'Lending' function which makes investments of up-to £250k in social enterprises. Managing 7 funding streams totalling £27m, relationships with 160 investees and 10 funding partners• Primary Credit Officer for BII Lending Function• Budget responsibility, generating 40% of BII’s revenues and 60% of its surplus• Lead executive for the Charity “BII Trust”, responsible for implementing strategy and Board reporting• Management of Investment Directors, Investment Managers and Operations ManagerKey Achievements• Team was recognised as the market leader due to volume and quality of investments made. Team deployed 71 investments totalling £7.1m in FYE 2018 (an increase from 15 investments totalling £1m in 2014, the year before I took over)• Fundraised £12m • Delivered growth that exceeded KPI’s set by Board – increased income by 400% between 2015 to 2018, turning loss making department into profitable enterprise• Successfully launched five new funding streams:- Access Fund: Deployed £5m fund in 18 months. Fund is best-in-class in a difficult market achieving higher interest rates than peers (8% vs 7.29%) and lower bad debt (1% vs 5%). BII was offered follow-on funding (a further £4m)- London Affordable Housing Fund: Fully committed £10m fund to create 100 affordable homes. - Access Reach: Accessed £1m in investment-readiness grants for 80 social investees. Used this fund strategically to market other funds- Big Issue Invest Trust: Launched £200k grant pilot to deliver business support to social enterprises- Regional Growth Fund; £3m fund building on previous program managed between 2014 and 2016 which created 600 jobs and generated 8% returns / 0.9% annualised bad debt