Investment Executive, Project Finance, Debt Team
- 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 2019.
- 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 380 and place immense value on diversity within our organisation.
- Read more about us on our website cdcgroup.com
The focus of the role is on project finance transactions in infrastructure (power, transportation, gas midstream, telecoms, water), in Africa and South Asia.
Project Finance transactions mainly senior loans but also guarantees and mezzanine finance.
An experienced Executive will be capable of:
- Analysing new debt investment propositions and contributing to the structuring of the transaction; preparing and presenting screening and final credit papers for new investments, as well as preparing and presenting monitoring papers for existing investments.
- Completing discrete due diligence tasks such as company, industry, sector, and economic analysis.
- Analysing financial models, including detailed analysis of input assumptions, outputs and conducting sensitivity analysis.
- Reviewing legal documentation together with the internal legal team;
- Project management of key elements of the deal execution for co-lending deals;
- MLA deals, the executive would need to manage in consultation with the deal lead, external due diligence work streams, such as model audit, technical, environmental & social and insurance due diligence;
- Support the deal lead in achieving tasks required towards financial close on deals.
- Support the head of the team in client relationship, certain team responsibilities and strategic work.
- Supporting senior members of the team working on new debt investment proposals.
- Support senior team members in the negotiations of finance and project documents.
- Responsible for analysis, including sector / market analysis; company / borrower analysis (including credit analysis financials and financial modelling); macro- economic analysis.
- Perform all aspects of credit assessment and due diligence as part of a deal team, identify transactions risks and how these can be mitigated, and will take responsibility for deal completion related work, including conditions precedent.
- Supporting role on the portfolio of existing loans, and supervising junior staff where required
- Responsibilities include, in respect of specific existing loans: reviewing company reports, monitoring compliance with covenants, flagging any potential credit issues, preparing and presenting monitoring papers for review by CDC’s investment committee.
Research and strategy:
- Contributing to sector/country strategies; collecting market data and other research activities relevant to CDC debt investments.
- Keeping up-to-date deal-flow, deal management and portfolio monitoring databases for all transactions covered by the debt team.
- Supporting the identification of new debt investments by developing/maintaining a network of relevant contacts, including with other development finance institutions.
- Proven relevant experience within an international financial environment, preferably in corporate/investment banking or a DFI, with some experience in project finance transactions in infrastructure (power, transportation, telecoms, water) and to a lesser degree in mining.
- University degree with Masters in Finance, Economics, Corporate Finance, or accounting degree. CFA, ACA or MBA would be an additional advantage.
- Ability to analyse a Company’s financial statements and make commercial assessments.
- Excel modelling skills.
- Project management skill for deal execution.
- Ability to work on multiple opportunities across products and sectors.
- Basic commercial insight into the challenges and issues that limited recourse businesses face.
- Understanding of emerging market environments.
- Evidence of relationship building and ability to develop a network of relevant external contacts, as well as internally across different teams.
- Good credit analysis and financial modelling skills.
- Analytical, research and valuation skills, including the ability to analyse, sector data, economics and relevant political events.
- Good business communication and presentation skills.
- As a member of a small team, a flexible and “hands on” approach is a prerequisite.
- Foreign language skills, particularly French, would be an additional advantage.
- Ability to work to deadlines and manage time effectively.
- An active interest in investing in developing countries, with a willingness to travel.
- Demonstrable alignment with CDC mandate, mission and values.
- Impact-led, commercially rigorous
- Tenacious in the face of challenges
- Collaborative and caring CDC is committed to diversity and inclusion and welcomes all applicants regardless of gender, age, educational background, national origin, ethnic origin, disability, sexual orientation and religion.
Please provide a cover letter with your application
Role opened: 30/07/2019
Role closes: 28/08/2019