Manager, Development Impact – Investments
- 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
Team and role overview
- CDC’s Development Impact Management team is market-leading and provides technical leadership to assess, manage and evaluate the impact of our investments. CDC’s objective is to push the boundaries in impact management within a world-class impact framework. So we take an active approach to impact management, utilising an impact management framework based on the Impact Management Project’s consensus and the Operating Principles for Impact Management.
- We embed impact professionals within our investment teams working side by side to actively manage the impact of every investment we make. This approach is designed to create deals teams with the professional capability and expertise to reflect our mandate to improve people’s lives and make a financial return.
- CDC’s Development Impact Management team is made up of 14 people and operates a matrix structure of Managers organised by product or region (e.g. equity, funds & S. Asia) supported by embedded leads for each sector (e.g. food & agriculture, financial institutions etc) and generalists who work across products, sectors and regions.
- CDC has expanded its South Asia offices to include origination, execution and monitoring capabilities and we are now adding impact management. This role will report to the Director of the Development Impact team who is based in the UK, with a dotted reporting line to CDC’s Managing Director for South Asia who is based in Bengaluru.
The role is focussed on ensuring effective and high-quality impact management consistent with CDC’s Impact Framework for the S. Asia region. The Manager will form part of the Impact Management Leadership team and will be given oversight responsibility for a subset of the South Asia portfolio. The position will be expected to play an active role in both the investment process and working with investees to enhance their impact. Specific responsibilities will be driven by priorities and the dynamic needs of the team at the time, but are expected to include the following:
- Leadership of impact management, including relationship management (internally and with investee companies) and work planning for the South Asia region:
- The Manager will provide impact leadership and oversight to CDC India’s offices facilitating smooth and consistent collaboration between investment teams in CDC India’s offices and the Development Impact team both in India and the UK. This will include ensuring visibility of CDC’s strategies, pipeline and portfolio management activities for the South Asia region and effective impact management prioritisation, resourcing, issue identification and resolution.
- Building CDC’s impact management capability in S. Asia and providing impact management advice which is consistent with CDC’s Impact Management Framework, priorities and precedents.
- Support the development of impact-led investment strategies for South Asia supporting origination of investments where CDC can make the greatest difference.
- Delivery of impact management activities for a subset of CDC’s portfolio in South Asia.
- Assess development impact as part of the investment due diligence process. Working seamlessly with investment team colleagues to inform the investment decision and define the impact objectives.
- Develop a high-quality development impact dashboard for each investment based on the Impact Management Project’s consensus which will involve desk research, facilitating discussions, due diligence and managing external suppliers where necessary. As part of the deal team supporting investment professionals through the investment process including at Investment Committee.
- Actively manage and support investments to enhance the impact by participating in the design and implementation of initiatives and partnerships. This is a priority for a number of our large investments in South Asia, the candidate will work directly with leadership teams of investees to support execution of these partnerships. Coaching investee company employees and sharing knowledge and lessons learnt of best practice.
- Define the monitoring plan for the investment and collect the impact metrics to track actual impact of investments, ensuring analysis is timely and high quality.
- Assess how investments are performing against their initial development objectives, determining when course corrections are required and completing exit reviews, feeding back learning to the investment team and the broader organisation
- Support the Development Impact team’s:
- Support the continual development of CDC’s impact management framework ensuring tools, systems and capabilities remain world class.
- Represent CDC and build, maintain and leverage a network of leading impact managers in South Asia. Build CDC’s brand within the impact management sector in South Asia.
- People management, coaching and development of one Development Impact Executive also based in Bengaluru.
- Supporting the development of the overall capability of the Development Impact team through oversight and coaching of team members with a particular focus on South Asia issues and priorities. And supporting the upskilling of CDC staff more broadly on effective impact management.
- Strong academic credentials. Preferably a Master’s in Economics, Development Economics or equivalent analytical post graduate degree.
- Strong work experience in a relevant field, preferably as an impact manager within impact investment or, at a minimum, with a good grounding in development impact management working with private sector companies.
- Work experience in South Asia region essential and preferrably experience of impact management in at least 2 or more of CDC’s key sectors (Financial Services, Helthcare, Education).
- Experience in management positions an advantage.
- Practical understanding of impact management, private sector development and how to achieve development outcomes through investment with a focus on the priorities of the South Asia region.
- Experience of making high quality judgment calls to make impact investment decisions and manage impact outcomes. Conscious of costs and benefits – and capability to explain the same to investee companies.
- Understanding of underlying commercial strategies and ability to consider development impact in an entrepreneurial and pragmatic manner.
- Excellent analytical and problem-solving skills. Confident dealing with complexity and can combine objective quantitative analysis with expert qualitative judgment. Confident in managing data and collating and presenting evidence.
- Good knowledge and network of third parties in South Asia who can be leveraged to help deliver enhanced impact with our investee companies.
- Track record in management: Organising team to meet agreed deadlines and drive productivity and cohesion. Strong project management, analysis and reporting skills, with the ability to deliver data and insights informed strategic approaches. Able to prioritise tasks and manage multiple work streams simultaneously in a complex and fast-moving environment.
- Strong communication skills: the ability to describe complex development impact scenarios with accuracy and concision and the ability to explain development impact to non-professionals and across a range of cultural backgrounds.
- Self-starter with a bias for action who is resilient, with a problem-solving approach.
- Proven capability of effective team work and strong stakeholder/relationship management.
- The role will require regular travel, mostly within South Asia (including some hinterland locations) to work with investee companies, but also to the UK to ensure consistency with colleagues in the Development Impact Management team and wider CDC Impact Group (including colleagues working on environmental and social issues, CDC Plus - technical assistance, and strategic priorities including climate change and gender). Some travel to Africa may also be required depending on business needs.
Our cultural values
We look for team members who aspire, as we do, to work at our best and to be:
- 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 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: 23 July 2020
Role closes: 24 August 2020