Back to search

Portfolio Investment Deputy Director

Civil Service

Job Description

Job summary

The Government Property Agency is the largest property holder in government, with more than 2.1 billion in property assets and over 55% of the governments office estate.

We are transforming the way the Civil Service works by creating great places to work, leading the largest commercial office programme in the UK, working towards halving carbon emissions from government offices, and achieving greater value for taxpayers. And we are looking for innovative, solutions-focused people to join our team.

Representing the best covenant in the UK His Majestys Government we are leading significant transformational programmes such as the Government Hubs Programme, Whitehall Campus Programme and Net Zero Programme. We are also delivering cost- effective property services such as asset management, lifecycle replacement and workplace services.

Innovation and progress underpin our behaviours. We foster a culture of lifelong learning, where curiosity and self-improvement are encouraged. Our four core values are at the heart of everything we do. They shape our culture and guide how we work, lead and grow together:

  • Striving for excellence- We always aim to deliver great results
  • Empowering through respect- We insist on fair treatment for all, always
  • Acting with integrity- We consistently do the right thing
  • Succeeding together- We rely on each other to achieve success

We are committed to representing the communities we serve by making Equality, Diversity, and Inclusion (EDI) part of everything we do. Our strong emphasis on EDI is not just about driving inclusion across our organisation, it is also about ensuring our services meet the needs of government departments and the civil servants who use our spaces. To ensure that we are always recruiting and retaining a diverse mix of talent, we are particularly inviting applications from candidates who are disabled, ethnically or gender diverse, and people who identify as being part of the LGBTQ+ community.

Join our dynamic and diverse team that leads with purpose, improving sustainability, nurturing social value, driving inclusivity and flexibility, and kickstarting economic growth. We are driven by purpose, and you can be part of it too: where you make a meaningful impact; where you influence; where your voice really matters; where you help to shape our future direction.

Job description

The role reports into the Chief Investment Officer (CIO) and leads on the strategic management of the portfolio and project initiation in a newly re-structured team. You will work alongside three existing Deputy Directors to ensure consistency of approach, governance, and stakeholder engagement on a national portfolio of projects. The role is responsible for the leadership and development of a team of 6 FTE , including two direct reports, supporting the delivery of the GPA Business Plan and the capital delivery portfolio under Government Hubs and Whitehall Campus Programme. This is an exciting and high-profile role with significant delivery and commercial leadership responsibilities, as well as opportunities for career growth and progression, with focus on prioritising and effectively allocating resources across the portfolio to ensure optimal delivery of strategic objectives in line with government priorities.

Key Responsibilities

  1. Strategic Leadership: Provide strategic leadership to the Investment Portfolio team and contribute to the wider Investment Senior Leadership Team, fostering collaboration across the organisation and with strategic partners. As a member of the Investment Senior Leadership Team, contribute to the leadership of the team working collaboratively across GPA and with its strategic partners. Lead the Investment Portfolio team, coaching and supporting to develop individual and collective skills and experience. Lead Portfolio workstreams including Portfolio Planning, Business Case Investment, and Project Initiation. Builds a strong relationship with HMT, CO and any other approval stakeholders.
  2. Enterprise Portfolio Development and Investment Planning : As part of the wider PMO capability in GPA, develop and implement a portfolio management approach, advising on delivery models, and funding options to maximise value from assets. Further develop the enterprise PMO and data management to deliver value through evidence-based decision-making. Drive the development of the enterprise PMO and data management, enhancing transparency, accountability, and the realisation of benefits in line with business cases. Work with GPA colleagues on investment appraisals providing advice on the redevelopment of existing freehold assets working with other Deputy Directors, weighing up different delivery models. Collaborate with GPA colleagues to support strategic investment planning and the development of compelling business cases. A bility to curate and steward all business cases from gestation to final approval (SOC, OBC, FBC).
  • Project Initiation and Business Cases: Lead project initiation activities, including the development of business cases, project proposals, and routes to market that optimise return on investment. Develop project proposals, business cases and routes to market that optimise cashable and non-cashable benefit returns on investment. Ensure benefits are realised in line with the business cases. Ensures that environmental and social considerations are embedded in Business Case development. Using management information, drive performance improvement across the Investment directorate, working with other Deputy Directors. Deliver reporting function on behalf of the CIO. Oversees the integration of digital tools in managing the portfolio of projects. Uses data analytics to prioritise work and allocate resources effectively across the portfolio.
  • Investment Management and Planning: Strengthen investment management and assurance capabilities across GPA, ensuring a robust Investment Approvals, Prioritisation and Initiation processes, supporting evidence-based decision-making across the portfolio. Provide insight and reporting for clients and GPA colleagues. Ensures the portfolio evolves to reflect changes in strategic directives and business priorities, maintaining balance to optimise delivery. Secures necessary resources from internal and external providers. Manages the integration of project outputs and dependencies within strategic objectives .
  • Financial Management and Affordability: Develop and maintain financial benchmarks through Property and Capital Projects PMO functions, managing Portfolio affordability and responding proactively to market cost pressures and inflation. Continue to develop cost and financial management in conjunction with Capital Projects finance colleagues and strategic partner cost management staff. Agrees the organisation's risk appetite for Portfolio planning and ensures it is embedded within the Investment Planning and wider organisation. Makes decisions in response to escalated risks or opportunities.
  • Person specification

    • We are seeking an experienced, strategic and commercially astute individual to lead the Investment Portfolio team.
    • This is a senior leadership role requiring a balance of deep technical expertise, strong stakeholder influence, and the ability to lead complex investment approvals in a high-value, high-accountability environment.
    • The successful candidate will be able to operate at pace and with autonomy, while building trusted relationships and driving performance across multidisciplinary teams and external partners.
    • They will bring proven experience in portfolio oversight, programme assurance, and the development of business cases that demonstrate value and support strategic investment decisions.
    • The ideal candidate will possess a strong understanding of financial planning, affordability modelling, and commercial development, with the ability to evaluate delivery models and optimise asset value. ...

    Yodel are hiring now

    Working at Yodel, they promise to support you, develop you and give you all the tools you need to do a great job. They have a range of opportunities across the UK now - why not see if Yodel have the perfect role for you?

    See Yodel jobs

    Good luck with your application