Job Description

Shape the Future with the National Wealth Fund
At the National Wealth Fund, our mission is to swiftly and effectively mobilise trusted sector insights and investment expertise to unlock billions in private finance for projects across the United Kingdom. Providing 27.8bn of capital and an expanded mandate, we are ready to help the market invest with confidence, continue to drive forward the Government's growth ambitions.
We are looking for skilled and results oriented individuals who are motivated to help us build the National Wealth Fund into an industry-leading institution.
Job Purpose
Location: Hybrid working with a minimum of 3 days per week in the Leeds office.



Salary: 55,000 - 70,000



Final Deadline to Apply: 27th May 2025



Early submission is encouraged, and applications will be reviewed on an ongoing basis.
The successful candidate will lead the Impact team's work for one of the NWFs key sectors, working with Policy, Banking and Risk to understand and assess the impact of our investments; before, during and after we invest in projects.
Our Principal Analysts play a critical role in understanding each of the NWFs sectors, assessing how the NWF can be 'additional' in its investment strategies, e.g. addressing an undersupply of capital or market barrier over time. They also lead the due diligence process for potential lending and equity deals (both private and Local Authority) - including producing impact, additionality and ESRG (environmental, social, resilience and governance) analysis from early inception through to final investment decision.
They ensure appropriate monitoring and evaluation arrangements are in place to track the impact of our investments over time, and work with the communications team to ensure clear and robust evidence contributes to the NWF's overall impact story. Principal analysts work closely with senior managers across NWF, including supporting the Chief Impact Officer during the Investment Committee process.
Principal analysts also play a key role in developing NWF's analytical capability and evidence base, working with analysts in the Impact team and others in NWF on a range of cross cutting research, modelling and other analytical projects. They peer-review the analysis and assessment undertaken by other analysts in the function, and support and oversee the work of colleagues in the team, either directly or indirectly as part of a matrix management structure.
Core accountabilities:Expertise and Sector Leadership: Help set the direction of potential investments within NWF's key sectors, as the impact team's sector lead. Develop and build sector knowledge by immersing yourself in the latest policy, technological and market trends, working with government analysts and external experts to continually sharpen your expertise and lead with confidence. Stakeholder Engagement: Develop strong connections with NWF's Banking, Policy, and Risk teams to deeply understand the impact of potential investments. Assess whether NWF is truly 'additional,' by addressing capital undersupply or breaking down market barriers over time. Due Diligence and Analysis: Take the lead on the due diligence process for potential lending and equity deals, whether private or Local Authority. Deliver comprehensive impact, additionality, and ESRG (environmental, social, resilience, and governance) analysis to guide NWF's Investment Committee in making informed decisions. Evaluate potential investments against realistic counterfactuals to estimate their net impact on carbon emissions, local employment, and productivity. Project delivery: Work collaboratively with other Impact analysts on cross-cutting research, modelling, and other analytical projects to enhance NWF's analytical capabilities and evidence base. Feedback Loop and Narrative Development: Establish a robust feedback loop to integrate learnings into new deals. Craft evidence-based narratives for each deal, working closely with the Impact, Banking, and Policy teams to ensure the content, format, and style tell NWF's impact story. Impact Evaluation: Collaborate closely with the Portfolio Management team to ensure that Impact, additionality, and ESRG are seamlessly embedded in the ex-post monitoring and reporting processes for agreed investments. Support the creation of Impact reports within annual reviews and ex-post sector assessments. Collaboration: Be a proactive team player by peer-reviewing the analysis and assessments conducted by other analysts. Support and oversee the work of colleagues in the team, either directly or indirectly, as part of a matrix management structure.

Essential Experience:Use and application of analytical techniques in appraisal, monitoring and evaluation in a policy and delivery environment, undertaking analysis using a range of data and evidence and communicating this in a clear and succinct way. Proven ability to work with, influence, and navigate stakeholders including commercial partners, academia or government departments. Outstanding communication skills, both in writing and in person, including the ability to write concisely and compellingly; able to synthesis complex issues and data in an easy-to-understand manner and focus on the most relevant information. General analytical techniques, including use of excel. Excellent inter-personal skills and the desire to form and maintain high quality relationships to shape policy decisions.

Desirable skills and experienceExperience and/or knowledge of investment and financing of key Industrial Strategy sectors, including (but not exclusive to) clean energy, advanced manufacturing, transport, defense and life sciences. Experience of providing analytical advice and technical support to investment decision making activities for an organisation. Entrepreneurial, curious, and motivated candidates with a professional, positive attitude with the ability to contribute to a growing work area that thrives on teamwork and collaboration. Excellent problem-solving skills, including the ability to respond to problems with an open mind and propose pragmatic solutions. Excellent research skills, experience of undertaking research in the Industrial Strategy sectors, and the ability to deliver high-quality outputs using the best available evidence. Line management experience and broader task management experience An ability to balance longer term strategic analysis with short term workload in the context of a scale up environment that is not always set in stone. Resilience and the ability to remain calm in changing situations. Experience of presenting data and analytics through relevant packages e.g. Power BI

Professional QualificationsMust hold a 2:2 degree or above, in subject with a significant quantitative element, including economics and data analytics or equivalent professional experience.

A career with us offers a unique opportunity to make a lasting impact and work on cutting-edge technologies that will drive the UK's future. We value diversity in our people and inclusion is at the heart of what we do.
We offer competitive benefits and unique learning opportunities from combining both private and public sector skills and experience. Please note, referencing and background checks are carried out for all roles here at the National Wealth Fund.