Legal Counsel, Project Finance

Team: Operations

Location: London, UK

Employment Type: Permanent

Salary: Competitive

Closing Date: 02 March 2018

Legal Counsel, Project Finance

Our Mission

  • Our mission is to support the building of businesses throughout Africa and South Asia, to create jobs and make a lasting difference to people’s lives in some of the world’s poorest places.
  • We aim to invest in countries where we can have the greatest impact. In countries where the private sector is weak and jobs are scarce.
  • We invest in sectors where growth leads to jobs – both directly and indirectly. In sectors such as manufacturing, agribusiness, infrastructure, financial institutions, construction, health and education. Last year, the businesses we invest in created more than a million jobs. 
  • We are successful because we are a high quality investment organisation, using the best commercial skills and judgement to make investments in great companies and support them to grow over the long term.  We therefore want to attract people with these skills but who are motivated to use them to dramatically improve the private sector in Africa and South Asia
  • For further information, please visit our website cdcgroup.com

The Role

Purpose

  • The role is a consequence of CDC’s evolving investment programme with its increased emphasis on debt investments in developing countries and a growing investment pipeline.
  • The role will focus mainly on project finance (mostly as lender but also as borrower) as well as other debt investments and the provision of legal support to CDC’s debt/structured finance and infrastructure teams.
  • The role is within CDC’s Legal team, reporting to CDC’s Managing Counsel (Debt/Project Finance). He or she will, however, work closely with CDC’s other lawyers, particularly its Legal Counsel (Debt/Project Finance) and CDC’s investment teams.
  • Providing legal advice in relation to the company’s integrity (including anti-bribery and corruption and anti-money laundering) and governance requirements.
  • Supporting the General Counsel on ad hoc corporate matters as and when requested.

 

Responsibilities

  • Reviewing the full suite of project finance documentation including common terms, loans, sponsor support, accounts, subordination, security, political risk insurance and inter-creditor agreements as well as equipment supply, construction, operation and maintenance and off take arrangements;
  • Instructing and managing external counsel on the above transactions, and ensuring CDC's specific legal and compliance requirements are addressed;
  • Project-managing related aspects of transactions (such as compliance, finance and environmental and social, and business integrity) to ensure that the relevant teams' input is obtained/taken into account and transactions are pursued in a timely manner;
  • Advising CDC’s investment teams on the above, including interpreting and applying due diligence reports and other advice from external counsel to material legal risks in a commercial context, and on ad hoc contractual matters;
  • Contributing to papers for investment committees on the legal aspects of transactions and reviewing investment and other committee meeting minutes;
  • Dealing with miscellaneous matters, including conflicts of interest, non-disclosure and third party engagement agreements;
  • Building and sharing best practice knowledge with both the Legal team and other CDC colleagues including developing and updating precedents as required; and
  • Briefing CDC’s senior management and investment teams on legal issues (including producing advice papers) as and when required.

 

The Candidate

Background

  • A lawyer with at least 5 years’ post-qualification experience in project finance at a major law firm or the legal department of a financial institution.
  • Qualified in the UK, US or other common law jurisdiction. Other jurisdictions considered if demonstrable experience in working with English law finance documentation.
  • Proven reviewing, negotiating and drafting skills.
  • Commercial mindset and ability to explain legal issues and risks concisely to investment professionals, recommend appropriate courses of action and resolve problems.
  • Ability to assess risks and make well-reasoned, independent and transparent decisions with quick turnaround expectations.
  • Experience of “know your customer”, anti-money laundering and anti-bribery and corruption policies desirable.
  • A self-starter – able to work without the back-up traditionally associated with large companies (particularly law firms). Therefore, a willingness to “muck in” and get involved in all areas of the business when required.
  • An effective team player with strong communication, organisational and interpersonal skills.
  • Cultural sensitivity and a proven ability to work across cultures.
  • An awareness of and appreciation for CDC’s objectives and a real desire and passion to be part of CDC’s development.
  • Flexibility and willingness to travel to the countries in which CDC invests.
  • An understanding of the remuneration and its structure, with the trade-offs it requires and a level-headed degree of long-term comfort with it.

Technical Skills

  • Experience of project finance;

 

CDC Identities

  • We look for candidates who share our culture and reflect our identity, the CDC identities are described as follows:
  • Compassion is central to everything we do.
  • We owe our clients and prospective clients a fast and thoughtful process.
  • We accept the tough challenges inherent in our mission.
  • We are quick and non-defensive when things go wrong.
  • We oppose bureaucracy.
  • We never forget that we are investing and spending tax payers’ money.
  • We promote a fulfilling work environment.

 

Please submit a cover note with your application.

Posted on 31 January 2018

Closing on 02 March 2018

Salary: competitive

Apply now