Associate - New Business
Based: Edinburgh or Glasgow

The Scottish National Investment Bank is seeking an Associate - New Business to support the front end of its investment pipeline.

This role plays a key part in the origination and early-stage assessment of new investment opportunities. The role holder will help ensure that opportunities are assessed consistently, efficiently and in line with the Bank's missions, investment criteria and risk appetite.

Working within the New Business team, the role combines commercial insight, analytical capability and stakeholder engagement to support high-quality decision making and the delivery of long-term economic, social and environmental impact across Scotland.

We encourage all candidates who believe they can excel in this role to apply, even if you do not tick all the boxes. We value diverse experiences and perspectives, and your unique background could be a great addition to our team. We thrive on collaboration, support flexible working, and aim to build a fairer, more sustainable, and innovative Scotland.

About You

The role requires a combination of analytical capability, sound judgement and strong communication skills.

Applicants should be able to demonstrate:

• A degree in Business, Finance or a related discipline, or equivalent practical experience in a transactional, banking or investment environment
• Progress towards (or interest in) a professional qualification such as CA, CFA or similar
• Experience in financial analysis and modelling
• Ability to structure and communicate complex information clearly, both written and verbally
• Developed Excel and Microsoft Office skills
• A proactive approach, with the ability to work independently and collaboratively
• Effective stakeholder engagement skills and the ability to build constructive relationships
• Confidence in delivering balanced and respectful feedback, including where outcomes are not positive

Key Responsibilities

• Act as a first-line reviewer for inbound investment enquiries across priority missions and sectors
• Undertake initial commercial, financial and impact assessments to evaluate strategic fit
• Identify key risks, red flags and diligence gaps, escalating where appropriate
• Prepare clear, evidence-based papers and briefing notes for internal forums and committees
• Maintain accurate and transparent records of pipeline activity, decisions and rationale
• Engage professionally with prospective investees, advisors and co-investors
• Coordinate introductory meetings and ensure effective preparation and follow-up
• Provide clear and constructive feedback to organisations where opportunities are not progressed
• Support the ongoing management and tracking of the New Business pipeline
• Contribute to continuous improvement of origination processes and ways of working
• Promote consistency, fairness and transparency in all assessments

At the Scottish National Investment Bank, you will find a supportive and collaborative culture, with opportunities for professional growth and meaningful work.

On offer is a salary range of £53-62k, depending on your level of experience. In addition, we offer 30 days annual leave plus public holidays, a 12% non-contributory pension, access to EV and Green Commute Cycle to Work Schemes, volunteer days, and much more. We operate a hybrid working model and are open to discussing flexible working patterns.

If you are eligible under the Disability Confident Scheme, or need any adjustments to support your application, such as information in alternative formats or access requirements, please reach out to us. Our commitment is to provide the support you need to participate fully in our recruitment process.