Grants Manager
Salary: £40,000 - £42,000
Role Type: Permanent
Location: The role-holder will be expected to have a presence in our London office once or twice a week with flexibility on working from home at other times
Right to work: You will already have the right to work in the UK with no restrictions
Role purpose
At Fair4All Finance, we are making direct social investments (£40m+ to date) and grants into community finance providers and social fintechs to support their growth and future sustainability, as a key part of our strategy to scale up the provision of affordable credit. This includes our new Community Finance Resilience Fund - we expect to have offered 40-50 grants from this Fund by end summer 2024 (at which point we expect the Fund to be fully committed).
We are now looking for an experienced grants manager to manage this grant portfolio. This will include deploying remaining grants (once approved by our grants committee), liaising with grantee organisations (primarily credit unions and CDFIs) on finalising grant agreements, supporting regular social impact and financial reporting, and dealing with ad hoc queries. There are good development opportunities as we develop our impact reporting.
You will be joining a collaborative and purpose driven team overseen by a committed board. Our team is drawn from a range of backgrounds spanning leaders and changemakers across financial services and social purpose sectors. The reach and influence of our team makes this an exciting place to work and enables us to engage important stakeholders at the highest levels.
Some key responsibilities
In this role your focus will likely be split across some key areas of work:
Grant portfolio - management
- Offer grants (once approved by our grant committee), finalise and execute grant agreements in line with our policies and procedures
- Monitor grant spend to ensure in line with grant purpose
- Liaise with our Finance team to draw down grant funds
Grant portfolio - financial and social impact reporting
- Responsible for the regular monitoring of financial and social impact performance
- Working closely with an external evaluator and other members of the investment team to agree the monitoring framework and support impact analysis of the Community Finance Resilience Fund
Other
- Support due diligence on ad hoc grants to community finance providers
- Support regular reporting to our external funders in line with their requirements
To be successful, your experience and skills will include:
- Good experience of grant-making to small/medium social purpose organisations in the UK
- Strong organisational skills with good attention to detail
- Good analytical skills
- Strong oral and written communication skills
It would be great if you also have:
- Experience with credit unions, CDFIs or other social purpose lenders
- Deal execution capability including evidence of negotiating legal documents
Personal characteristics
- Passion for our mission to increase the financial resilience of people in vulnerable circumstances
- Be great at building relationships at all levels with grantees
- Able to deal with complexity and uncertainty and work under your own initiative
- Enjoy working in a growing team
- Seek continued learning and development
Why work at Fair4All Finance
Fair4All Finance is a not for profit organisation founded in 2019 to improve the financial wellbeing of people in vulnerable circumstances by increasing access to fair, affordable and appropriate financial products and services.
There are at least 17.5m people in the UK in vulnerable financial circumstances, who are poorly served or unfairly excluded from mainstream financial services. That's nearly a third of all adults in the UK.
We are funded from the Dormant Assets Scheme. The scheme is led by the financial industry and backed by the UK government. This makes it possible for money in dormant bank and building society accounts to be used to help good causes.
Our vision is of a society where the long term financial wellbeing of all people is supported by a fair and accessible financial sector.
Our Benefits include:
Financial Security:
- Pension, group life assurance, critical illness, and income protection, family leave
- Wellbeing:
- 27 days holiday plus bank holidays, agile working, health cash plan, health & wellbeing resource hub (including an Employee Assistance Programme)
Fair4All Finance is committed to being a diverse organisation that is truly representative of the people and communities we serve. We are an equal opportunities employer with an inclusive environment where different experiences, expertise and perspectives are valued, where everyone is encouraged to grow and develop, and all team members can contribute to their fullest potential.
When we are recruiting, we actively seek to reach a diverse pool of candidates. We are happy to consider any reasonable adjustments that potential team member may need to be successful. We recognise the importance of a good balance between work and home life, so we do everything we reasonably can to accommodate flexible working.
Applications
- Please apply through Applied by 8th July 2024 at 12.00pm.
- Interviews will be held on W/C 15th July (with the potential to be invited back for a final interview W/C 22nd July.
After the job advert closes, your answers will go through a sift process, randomising and anonymising answers to take out individual information that could add biases into hiring decisions. This enables application reviewers to review each answer objectively. People scoring the applications will not have seen your CV at this stage of the process so please try your best to answer questions with specific examples and without simply rephrasing your CV, which they will review later in the recruitment process.