Venture Capital Finance Officer

• Speedbird Way, Harmondsworth, West Drayton UB7, UK
• Full-time
• Contract Type: Permanent
• Directorate: IAG Tech

Company Description

About IAG Tech

IAG Tech is a community of IT and digital professionals from across the International Airlines Group (IAG). We drive the technology behind some of the biggest and most successful brands in global aviation, including British Airways, Aer Lingus, and Iberia.

Brought together in 2019, we are a unique community with a shared vision to deliver Technology Excellence and be recognised as industry leaders in the use of technology.

Our mission is to delight customers, enable employees, accelerate business performance, protect our business, and increase shareholder value, through the innovative and agile use of technology and data.

We use product-centric delivery teams using agile methods to implement new capabilities at pace and maximise business outcomes. With a relentless focus on improving system performance and stability, we continually strive to find new and better ways to innovate and support the Group.

Our Values

At IAG Tech we share common values to help us create the right culture to underpin our thriving community:

Innovation | we value identifying new ways of using technology to solve business challenges.

Empowerment | we value giving people the freedom to operate, that they take accountability, and collaborate with colleagues.

Professionalism | we value having and developing the right knowledge and competency to be able to do our jobs to the best of our ability

Transparency | we value honesty and integrity and always share the reality in a manner the business understands.

Agility | we value responsiveness, speed and flexibility in everything we do.

We celebrate when we see great examples of our values in action and challenge each other when we see these values being ignored.

Job Description

Purpose of the role

• Manage the financial reporting for equity investments for IAG’s seed to expansion stage investment portfolio.
• Manage the annual business planning and capital allocation process for the ongoing funding of the IAG Venture Capital Programme.
• Complete financial analysis of potential investments made by Hangar 51.

Accountabilities

• Responsibility for working with the Venture Capital deal lead (usually Head of Ventures / VC Principal) to prepare the financial elements of investment proposals.
• Assessing the business plans of potential investment targets to stress test assumptions and assess potential risk and perform rigorous financial due diligence on investment targets.
• Prepare quarterly reporting on portfolio value using the appropriate performance measures.
• Responsibility for managing the payment processes for suppliers and for VC investments; requesting the appropriate signatures, liaising with payment teams, recording these in the general ledger and enabling the correct reporting within the group’s financial statements.
• Forecast financial spend (in line with IFRS) for potential transformational and sustainability investments. This will include follow-on funding and project finance for sustainability projects.
• Responsibility for measuring and reporting on the strategic impact of the investment portfolio including SAF volumes, performance against mandates, new revenue streams created, and costs avoided.
• Regularly provide updates to IAG Board, MC executives, and key stakeholders on the overall health of the portfolio
• Work in close collaboration with Head of Ventures, Group Head of Innovation, and the governance members of the CVC programme to develop investment strategies, target identification, source deals and build pipeline, develop investment thesis.
• This role may require travel and working from multiple sites/locations. Willing and able to travel to participate in meetings, workshops, and other related activities.

Key Relationships / Interfaces

• Senior management across IAG and the Operating Companies
• Traveltech and Sustainability start-up ecosystems
• IAG Finance, Transformation and Sustainability teams
• Delivery teams in IAG operating companies
• Industry Groups

Qualifications

Required Skills, Qualifications & Experience

• Previous Venture Capital, finance, or corporate finance experience.
• Experience of creating or reviewing business plans and strategy at an organisation/ company level.
• Experience of business process (including technology or financial management etc.).
• Experience in research and due diligence preparation - strong research and analytical skills,
• Strong stakeholder management and influencing skills.
• Strong personal ownership for driving performance and exceeding targets.
• Relevant financial or accounting qualifications.
• Spoken and written business in English is required, in Spanish would be desirable. Any other second language also a plus.

Additional Information

Benefits

The chance to enjoy a challenging career in an exciting, fast-moving environment in a dynamic industry, working in a multi-cultural environment with great offices in many locations. We aim to provide all our people with a work/life balance, as well as the many benefits offered by a global organisation, including health insurance, pension, and performance bonuses

Diversity and Inclusion

IAG Tech is part of the IAG GBS organisation, and our people are at the heart of everything we do. We recognise that we can only deliver the required business outcomes if we have a thriving community of technology professionals. Together we strive to become the very best at what we do.

We focus on making Tech a great place to work, with a community that we feel proud to belong to. To help make this a reality, our people strategy focuses on six key domains: Engagement, Talent Management, Reward and Recognition, Performance Management, Learning and Development and Culture.

We understand the importance of Diversity and Inclusion in the workplace to deliver this strategy – everyone should feel part of our team. We want to foster an inclusive workplace, celebrate individuality and embrace differences so that everyone in IAG Tech can achieve their goals and ambitions, regardless of their personal circumstances or background.

As a Group, IAG has an ambition that 40% of senior management roles are held by women by 2025. IAG Tech fully supports that ambition, and we are working to help make it a reality. With this in mind, we have set ourselves the challenging target of recruiting 50% female colleagues by 2030.