Portfolio Manager to Schibsted Growth and Investments

Growth and Investments is one of three business areas in Schibsted alongside News Media and Nordic Marketplaces. Schibsted has a long history of reinventing itself, by investing in and innovating on adjacent businesses. Schibsted was founded in 1839 as a publishing house, but since then has redefined its core businesses multiple times from originally printing to news, media, online marketplaces, and adjacent services. Much of this transformation has been the result of making bold investments, based on emerging trends and opportunities. The role of the Growth and Investment team is to continue this journey and help Schibsted find new growth opportunities which develop the business and support its core mission, both through venture and later stage investments.

The Growth and Investments team is responsible for defining Schibsted´s future growth priorities and ambitions, and creating a holistic investment strategy to achieve them. We are now recruiting a Portfolio Manager to strengthen our team.

Our responsibility is to run end-to-end investment processes from sourcing deals, managing the portfolio, optimising integration and managing exits. Through establishing and nurturing our networks, we seek to have a relevant pipeline of potential targets, and we develop and execute value creation plans for portfolio companies. The value of our investments are realised through integration with the core business, or through profitable exits. Investments include both minority and majority stakes and in both mature and early-stage companies. Success will ultimately be measured by the performance of the investments.

As a Portfolio Manager you will be central in driving an active portfolio management and an efficient performance follow-up of the portfolio companies. In addition, you will support investment analysis, deal execution, primarily for venture investments, as well as projects for the portfolio companies. The role reports to the CFO and Head of Strategy for Growth and Investments, Susanna Grill Erntell.

Responsibilities of the role include, but are not limited to:

• Portfolio management:

  • Portfolio and risk analysis

  • Developing clear ownership agendas for our portfolio companies including exit strategies

• Performance follow-ups and active portfolio management:

  • Performance follow-ups of portfolio companies including quarterly follow ups, risk assessment, Full Potential Plans, Exit plans and Strategic reviews

  • Venture investment log maintenance

  • Materials preparation for portfolio reviews, ownership discussions etc.

  • Valuation updates on a quarterly basis

  • Follow-up on IRR and other performance KPIs

• Investment support:

  • Support data driven decision making

  • Business plan analysis

  • Scenario/Sensitivity analysis

  • Valuation

• Transaction support:

  • Due Diligence

  • Negotiation

  • Keeping templates and guidelines up to date

Who are you
We believe you have 3 - 5 years of experience in strategy, banking or investment roles, with exposure to transactions, valuations and due diligence work. We believe you are highly analytical and have solid problem solving skills. Presented with data and insights, you have the ability to prioritise and draw conclusions, and you are capable of communicating and presenting insights and findings in a professional manner. You have a keen interest in and understanding of investments. You are fluent in English and preferably either Swedish, Norwegian, Danish, or Finnish.

As a person we believe you

• Are driven and solution oriented. You have the capability to drive projects and tasks independently. You do not stop when things go wrong - you search and find the best solutions over time

• Thrive on having many balls in the air, and being good at landing them

• Are a relationship builder - good at making contacts and taking care of them

• Are self-motivated and confident in yourself, but also a team player

• Are development oriented and willing to change

What we can offer

• An inspiring environment with lots of professional challenges and fun in a new function focused on driving the future growth of Schibsted

• Professional development, including external/internal training

• Excellent opportunities for further professional and personal development within the investments team, or in the broader Schibsted organisation

• Flexible work situation (a mix between office and remote working)

• Competitive terms

• Be part of an organisation where employees support, trust and cheer on each other; and an organisation embracing change, going for growth

We look forward hearing from you!