Investment Associate, Debt, Project Finance

Team: Investment

Location: London, UK

Employment Type: Permanent

Salary: Competitive

Closing Date: 26 January 2020

Investment Associate, Debt, Project Finance

 

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 400 and place immense value on diversity within our organisation.
  • Read more about us on our website cdcgroup.com

 

Team and role overview

CDC Project Finance Team is part of the Infrastructure Product Group which also consist of Equity infrastructure and Energy Access & Efficiency. The Group focuses on sectors that support significant employment creation across Africa and South Asia such as energy, transport, ports, mid-stream gas and water. There are 5 job levels – Associate, Executive, Manager, Director & Team Head

Purpose

The Associate will support the work of the Project Finance team from the origination to the execution and monitoring of Project Finance transactions. This will include research and strategy work, the initial assessment of new opportunities, credit analysis, due diligence, and portfolio management activities, as required, as well as assisting and liaising with other relevant transaction support teams (Legal, Environmental and Social, Business Integrity and Development Impact).

Responsibilities

Due diligence, credit analysis and deal execution:

  • Supporting senior members of the team and colleagues working on new debt proposals. Analysing new debt propositions, preparing screening and credit proposals, including financial analysis and modelling, as well as preparing monitoring papers.
  • The Associate will be responsible for analysis, including: sector / market analysis; company / borrower analysis (including credit analysis and financial modelling); macro-economic analysis.
  • Responsibility for drafting the relevant sections of investment proposals.
  • Over time, the Associate will gain experience in all aspects of credit assessment and due diligence and will take responsibility for a broader range of due diligence and deal completion related work.

Portfolio management:

  • Supporting role on monitoring the portfolio of existing loans.
  • Responsibilities include: reviewing company reports; monitoring compliance with covenants; flagging any potential credit issues and preparing monitoring papers for review by CDC’s investment committee.
  • Updating internal systems such as eFront as required.

Research and strategy:

  • Contributing to sector and country strategies; collecting market data and other ad-hoc research and analytical activities relevant to CDC’s debt business.
  • Keeping up-to-date with deal-flow, deal management and portfolio monitoring databases for all transactions covered by the debt team.

 

The Candidate

Background, skills, aptitude

  • Ideally work experience for a few years in investment banking of which you must have 2-3 years project finance experience working on suitable lending transactions;
  • Strong financial modelling, excel, analytical and research skills (including the ability to analyse company reports, sector data, macroeconomic and relevant political events);
  • Credit analysis skills and ability to analyse a company’s financial statements and make commercial assessments;
  • Ability to work on multiple projects across products and sectors while working to deadlines and managing time effectively;
  • Good business communication and presentation skills;
  • Evidence of relationship building and ability to develop a network of relevant external contacts, as well as internally across different teams;
  • As a member of a small team, a flexible and “hands on” approach is a prerequisite;
  • Foreign language skills, particularly those spoken in CDC’s geographies would be an additional advantage;
  • An active interest in investing in developing countries and understanding of emerging market environments, with a willingness to travel;
  • 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

 

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 gender, age, educational background, national origin, ethnic origin, disability, sexual orientation and religion.

 

Please provide a cover letter with your application.

Role opened: 29 November 2019

Role closed: 26 January 2020

Salary: Competitive

Apply now