NEW ROLE: IMPACT INVESTMENT MANAGER

• Full-time position, London office, hybrid working
• 40 days holiday, plus UK bank holidays, private health insurance, life insurance, discretionary payment plan, generous workplace pension
• Excellent opportunities to take on responsibility and for professional development
• Interaction with a wide range of top-tier asset managers
• Exceptional-quality team with collegiate, friendly culture
• Be part of leading the way in investing for positive outcomes for people and the planet

INTRODUCTION

An exciting opportunity for someone who wants to build a career within an entrepreneurial and growing business, and work with exceptional colleagues at the forefront of impact investing practice.

Snowball is an FCA (Financial Conduct Authority) authorised investment manager providing investors with a diversified, multi-asset, multi-manager portfolio of investments, targeting superior risk-adjusted financial returns combined with positive impact across both social equity and environmental sustainability.

We are looking for an Impact Investment Manager, who shares our passion for delivering broad and long-lasting positive Impact. We invest across both private and public asset classes, primarily through funds managed by specialist asset managers.

Example of areas where Snowball has already made impact investments include venture capital and private equity, public equities, renewable energy/infrastructure, sustainable agriculture and forestry, social and supported housing, specialist finance/credit including microfinance platforms, and social outcomes contracts.

Snowball is committed to the professional development of its team and in addition to internal development activities, actively supports employees in their pursuit of relevant external professional qualifications and affiliations.

ROLE OVERVIEW

You will be part of a collaborative and sector-leading impact investment team, working across a range of asset classes, and will take on primary ownership of the investment strategy and of portfolio management for one or more asset classes / impact strategies.

You will engage with top-tier asset managers and analyse and develop an understanding of the attractiveness and impact potential of their strategies, and of their competitive 'edge' in order to make decisions about allocating capital from the Snowball portfolio.

You will be expected to demonstrate/develop expertise in various sectors relevant to impact investing, for example, climate tech, energy, health or education and to contribute to Snowball’s knowledge about how best to achieve positive impact and superior financial returns from investment.

Snowball is a small and non-hierarchical team and there will be significant opportunity to work with everyone and to contribute to other areas of the business. There will also be opportunities to engage with Snowball's Advisory Council, Expert Network and Board members.

RESPONSIBILITIES

• Source, analyse and evaluate new investment opportunities across a wide range of asset classes and impact investment strategies, including due diligence on commercial, impact, operational, legal and tax aspects. These will be primarily through funds, although it is expected that co-investment and other non-fund investments will grow in the future
• Prepare and present sector reviews and recommendation papers for Investment Committee
• Analyse the portfolio on an ongoing basis, including performance characteristics, attribution and look-through exposures; scenario planning; and tracking of impact and other metrics (in collaboration with Operations team)
• Manage relationships with existing and prospective asset managers, including proactive engagement to drive impact, and monitoring of investment and impact performance and risks
• Build up expertise in specific impact investment strategies and relevant social/environmental issues
• Custom research projects to inform Snowball’s impact investment strategy and support thought leadership
• Participate in and develop Snowball’s reporting, impact framework and investment processes and systems
• Build relationships and collaborate with other allocators and investors
• Raise awareness with external stakeholders and support Snowball’s role in championing impact e.g. speaking engagements, participation in conference panels, blog posting
• Support business development, including speaking to current and potential investors, and development of new products/target markets for Snowball
• Support enhancement of internal processes and systems, e.g. help to define/streamline processes, identification and implementation of tools and data services that can improve efficiency and effectiveness.

REQUIREMENTS

• 6+ years of professional experience in or related to investment. Experience in private markets asset classes or multi-asset class allocation/manager selection is particularly valuable, but not essential if you have a strong interest in how multi-asset class portfolios are managed
• Intellectual curiosity and ability to understand a wide range of different impact investment strategies and asset classes at the fundamental level, the evaluation of investment managers, and the construction and management of a portfolio
• Clear interest in social equity and environmental sustainability
• Strong collaboration and project management skills
• Ability to communicate clearly and concisely in written documents and presentations with both expert and audiences newer to impact investing
• Ability to analyse quantitative data and spreadsheet models to support investment conclusions
• Ability to build relationships inside and outside of Snowball
• Flexible and willing attitude with a proactive, self-starting approach

Nice to have:

• Private markets experience
• Impact investing experience
• Client management, business development, investor relations experience
• Expertise in social housing investment
• Expertise in energy sector investment
• Expertise in management of multi-manager public equity portfolios
• Expertise in impact or climate metrics in a multi-asset multi-manager class portfolio

To apply for the role, please send CV and cover letter to hello@snowball.im. The closing date for the role is end of the day 31st March 2023.

SNOWBALL EQUITY APPROACH

At Snowball, we believe in giving everyone an equal chance to succeed. We exist to invest in solutions for social equity and environmental sustainability: we welcome applications from people with lived experience of the effects of these two interconnected challenges.

We want to make our recruitment processes accessible. Please let us know if you have particular requirements to help you interview with us.

Snowball is committed to creating a diverse environment and is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, colour, religion, gender, gender identity or expression, sexual orientation, national origin, disability or age.

Candidates must have the right to work in the UK.