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SPV Manager

Edinburgh Royal Infirmary

Job Title

SPV Manager


Site - based

Ad-hoc attendance to IML Head Office (Edinburgh)

Regional meetings and training sessions attendance

Role Objective

IML provides SPV management services to over 85 PFI projects throughout the UK and Ireland on behalf of secondary market investors. The aim of this role is to protect investor interests through effective management of project assets. SPV Managers work closely with their colleagues in IML’s Finance and Asset & Advisory departments to deliver a professional management service including the development of working relationships with all stakeholders.

Accountable To:


Regional Operations Manager


Responsibilities & Key Tasks

  • Representation of SPV in project, liaison and service meetings.

  • Monitor the delivery of construction and FM contractual compliance.

  • Protect and enhance lifecycle funds.

  • Liaison with, and reporting to, senior lenders and shareholders (ensuring compliance with Project/Credit and Services Agreements).

  • Oversee the implementation of appropriate health and safety policies and procedures.

  • Management of asset and service variations.

  • Preparation of monthly and quarterly reports.

  • Attending Board Meetings and liaison/communication with Board Directors and minute taking when required.

  • Public sector relationship management.

  • Monitoring and administration of project reporting.

  • Dispute management and guidance.

  • Management of sub-contractors and advisers during construction and operational phases.

  • Application of management policies and procedures.

  • Ensure compliance with insurance provisions.


The above does not represent an exhaustive list of responsibilities and tasks but indicates the main responsibilities required from employees in the role.

Working Relationships

  • Head of Operational Services

  • Regional Operational Director

  • Asset Team 

  • Accountants and Book-keepers

  • SPV Directors

  • FM Service Providers

  • Public Sector Counterparties


Strong PFI knowledge of operational assets.


Public and private sector experience: having dealt with public services, perhaps as a service provider, to understand the culture of the public sector and having private sector experience - i.e. working to private sector performance standards.


Project management, relationship management, commercial acumen and financial knowledge.


Ability to read, understand and manage all elements of a PFI Agreement.


Ability to review and interpret lifecycle and maintenance programmes.


Developing and monitoring compliance with operational procedures and the application of health and safety, quality and environmental procedures.

Personal Attributes

Strong management and communication skills (written and verbal) with a decisive and analytical approach to problem solving.


A robust, tactful and fair manner to work effectively with all stakeholders.


Trustworthy and approachable manner for client and staff communication.


Self-discipline to work remotely and under own initiative with strong organisational skills.


Ability to achieve a strong working rapport with all stakeholders.


IML Values

Embrace the IML values: ·


  • Professionalism

  • Support

  • Trust

  • Collaboration

Expressions of interest should be emailed to



Caroline Johnston

Director: Head of Human Resources

Human Resources

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