Country Representative, Federal Democratic Republic of Nepal (“Nepal”)

Team: Investment

Location: Nepal

Employment Type: Permanent

Salary: Competitive

Closing Date: 25 August 2019

Country Representative, Federal Democratic Republic of Nepal (“Nepal”)

 

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 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

 

Role overview

Purpose

CDC is committed to investing in Asia and Nepal is a key strategic country for us. We have invested $15 Mn into NMB Bank and are actively considering other investments.

The Country Representative (working closely with our teams in London and India) will be instrumental in expanding CDC’s footprint, investing our capital and catalysing the development of the private sector by:

  • Build CDC’s brand in the country and deepen the presence of CDC in Nepal;
  • Deepening CDC’s origination efforts across sectors and products through their on-ground presence;
  • Active portfolio management of our current and any new investments in the country; and
  • Liaising with key stakeholders such as BHC, DFID, FCO, other DFIs and Government.

 

Overall Responsibilities

  • Support CDC London and India in developing country perspectives and keeping teams updated regarding macro situations of the country;
  • To create and maintain strong relationships with the business and investment community, e.g. CDC’s portfolio companies, GPs/their portfolio companies, major other businesses, government, regulators, etc.;
  • To develop the capability to provide advice from a local perspective across a broad and wide-ranging issues, including individual’s backgrounds, local perceptions, cultural issues, views of regulators, politics, economic trends, etc.;
  • To work closely with the product and sector teams to understand their requirement with a view to sourcing local opportunities in Nepal that might fit their strategies;
  • To support the funds team in identifying potential GPs as required;
  • To assist with developing targeted relationships;
  • To oversee Portfolio Management: Represent CDC on the Boards of, or be an Observer as appropriate, monitor financial performance and the implementation of post investment action plans including Development Impact (DI), Environmental, Social and Governance (ESG) and Business Integrity (BI) action plans;
  • To cultivate strong relationships with the local DFID offices in Nepal to understand their activities/plans/strategies;
  • To facilitate the dissemination of knowledge about CDC’s mission, activities and strategies within the above DFID teams and to identify areas for mutual support and cooperation;  
  • To identify key personnel for the advisory committee for Nepal and manage the committee;
  • To develop relations with the local representatives of multilateral and bilateral organisations with which CDC is often a co-investor; and
  • To represent CDC during visits made by UK government representatives to Nepal (scheduling permitting), allowing for CDC’s mission and achievements to be communicated accordingly.

 

Origination

  • To work closely with the product and sector teams to understand their requirement with a view to sourcing local opportunities in Nepal that might fit their strategies;
  • To support the funds team in identifying potential GPs as required; and
  • To assist with developing targeted relationships.

 

Deal Execution and Portfolio Management

  • Assist in due diligence and screening of deals by providing relevant local context, identifying key risks and support in making any necessary connections locally as needed;
  • To provide support to the funds team in assessing GP’s local teams, local perceptions, etc. and the direct debt and equity teams when assessing local businesses/partners;
  • To develop a network that can provide CDC with local insight as well as access to Executives/NEDs/Advisers who can support the needs of London sector teams; and
  • To support Portfolio Management (to be led by London teams) as required by the sector teams, as well as act as local “eyes and ears on the ground” to support the goals of CDC teams in London.

 

The candidate

Background

  • Deep understanding of working in Nepal;
  • A demonstrable track record of building strong relationships with senior stakeholders across Nepal;
  • Experience working at a senior level with Governments, Regulators, DFIs, NGOs and businesses;
  • Previous experience in roles contributing to economic development desirable.

 

Skills and aptitude

  • High integrity and engendering high levels of trust within the Asia regional team and CDC in general;
  • Understanding of the macro environment in Nepal;
  • Sufficient gravitas to interact effectively with and influence Promoters, Management, Government, other DFIs, prospective business partners, etc.;
  • Willingness and ability to work with London and Asia teams/strategies;
  • Able to work across cultures, regions and sectors; and
  • Strongly motivated by CDC’s development mission and ideally demonstrate some commitment to development or social goals through previous executive or non-executive activity.

Technical Skills

  • The commercial acumen to recognise and filter suitable investment opportunities; and
  • An understanding of Development Impact Assessment.

 

Our Values

  • We look for team members whose values and aspirations demonstrably align with ours. At our best, at CDC we are:
  • Impact-led and commercially rigorous
  • Tenacious in the face of challenges
  • Collaborative and caring

 

Other Skills/Requirements

  • Fluency in both the English and the Nepali Language; and
  • The right to work in the Nepal.

 

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.

 

Role opened: 12 July 2019 

Role closes: 25 August 2019

Salary: Competitive 

Apply now