Investment Executive, Direct Equity - Financial Institutions

Team: Investment

Location: London, UK

Employment Type: Permanent

Salary: Competitive

Closing Date: 26 August 2020

Investment Executive, Direct Equity - Financial Institutions

 

Our Mission 

  • CDC is the UK’s development finance institution. Founded 70 years ago, we invest in the most challenging markets of Africa and South Asia with the aim of supporting economic development. CDC has net assets of £5.1bn, with over 1300 growing businesses in the portfolio.
  • Last year we committed over £1billion of capital across 50 transactions. 
  • CDC is wholly owned by the UK government, who has committed a further £3.5bn of capital for CDC to deploy over the next two to three years.
  • We are expanding our presence in Africa and South Asia with further new offices openings in 2020.
  • At CDC, we take an entrepreneurial approach to investment. We think innovatively about ways to deploy our capital, attract and mobilise other investors, and drive transformational impact.
  • Primarily, CDC invests to achieve impact and a financial return which is reinvested into more businesses. We aim to create jobs and accelerate economic prosperity and focus on sectors that will do this; manufacturing, food and agriculture, infrastructure, financial institutions, construction, health and education.
  • CDC works with like-minded ambitious people who are primarily motivated by our mission to deliver impact. We are a growing team of over 400 and place immense value on diversity within our organisation.
  • Read more about us on our website cdcgroup.com

 

Background

The Equity Investments Group at CDC exists to employ commercial equity capital whilst also having a strong developmental impact. Over the last three years, the team have deployed $1b+ across Africa and South Asia with a strong pipeline of additional investment opportunity. The Financial Institutions group has deployed over $400m of this capital across nine equity investments.

 

Role overview

There are 5 levels in the team – Associate, Executive, Manager, Director & Team Leader. However, the team is very flat and people at all levels are involved in the real detail, and in representational work, both to Investment Committee and externally. 

There are 3 parts of the job (at all levels):

  • Origination – sector mapping, finding & evaluating investment opportunities, and building and maintaining relationships with companies
  • Execution – analysing companies in detail, conducting due diligence, navigating the Investment Committee process, agreeing legal terms
  • Portfolio management – analysing companies in detail, preparing for Board meetings, helping the companies wherever we can, preparing for follow-on investments or exits

At Investment Executive level, you will spend the majority of your time on execution; by the time you are a senior Investment Executive you will be able to run almost all execution stages unassisted. You will also be given some sub-sectors where you are responsible for origination, and play a support role on portfolio management.

 

The candidate

We are looking for candidates that will deliver from day one, but also be on a trajectory to reach Investment Director.

Typically, candidates will have strong training in fundamentals (commercial/financial analysis, valuation, financial modelling) from top tier private equity, strategy consulting or investment banking.

Critical softer skills: (1) ability to look at complex problems and get to the root of the issue, (2) ability to build relationships with companies, (3) ability to communicate clearly on paper and in person, and (4) ability to multi-task. 

Candidates will also need to evidence previous experience working in, or demonstrable passion for, Africa or South Asia, or at the very least an understanding of emerging markets.

Candidates should be strongly motivated by CDC’s development mission and ideally demonstrate some commitment to development or social goals through previous executive or non-executive activity.

 

Background

  • University degree or equivalent
  • String relevant experience working specifically within the financial services sector. Exposure to emerging market finance, especially in Africa and Asia, is helpful
  • Experience within private equity and/or investment banking or consulting is desirable
  • Analytical, research and valuation skills, including the ability to analyse company reports, sector data, economics and relevant political events.
  • Report writing and advanced knowledge of Excel is imperative
  • Good business communication and presentation skills
  • Ability to work to deadlines and manage time effectively
  • An active interest in investing in developing countries
  • Demonstrable alignment with CDC mandate, mission and values

Competencies

  • Ability to analyse financial statements
  • Strong excel modelling skills
  • Experience in valuation techniques
  • Ability to work on multiple deals across products and sectors
  • Basic commercial insight into the challenges and key drivers that financial institutions face
  • Basic understanding of private equity and the challenges/issues involved with this type of investment
  • Understanding of emerging market environments
  • Ability to review financial analysis and make commercial assessments
  • Good understanding of how to formulate ideas in order to originate deals
  • Evidence of relationship building and ability to support investee companies
  • Experience of structuring, reviewing and negotiating investment proposals
  • Relationship building within and across different teams internally

 

CDC’s Values

We look for colleagues who are:

  • Impact-led and commercially rigorous
  • Tenacious in the face of challenges
  • Collaborative and caring

 

CDC is committed to diversity and inclusion and welcomes all applicants regardless of age, disability, gender reassignment, marriage and civil partnership, pregnancy and maternity, race, religion or belief, sex or sexual orientation.

 

Please provide a cover letter with your application

Role opened: 27 July 2020

Role closes: 26 August 2020

Salary: Competitive 

Apply now