Manager, Development Impact- Investments
- 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 Development Impact (DI) team is responsible for screening, monitoring and evaluating the impact and additionality our investments provide to the companies and geographies we support, as defined in CDC’s mission. It includes:
- The DI-Investment Team – Embedded in investment teams to facilitate assessing and managing the development impact of our investments.
- The Evaluations Team – Track portfolio, sector and investment metrics, ensuring data quality and consistency; inform investment making decisions and portfolio management.
- The Research and Policy Team –Perform and oversee research on key development issues relevant to CDC.
This role is based in the DI-Investments team. This is a new and innovative function that CDC has developed as a DFI to understand, drive and manage the impact of its portfolio. Working with the MD, Investment Management and Analytics and the other DI Investment Manager, the role will be responsible for the overall management of the DI elements of the portfolio, from the methodologies for investment that are developed to the monitoring of the investments themselves, any evaluation and subsequent reporting, and any arising issues around.
CDC’s Development Impact team provides technical leadership as we screen, manage and evaluate the development impact of the investments we make. Over the next five years, we will implement a world-class framework designed to select the right investments, assess, measure and communicate their impact and better understand what works in private sector development. See CDC’s Strategic Framework 2017-21.
- Evaluation of new opportunities, live deal executions and on-going monitoring of portfolio from origination to exit, providing development expertise for the investment team and investee as needed. This includes:
- Create the development impact cases for prospective investments that are concise, distinctive and credible through the Investment Committee process, which will involve desk research, facilitating discussions, and due diligence where necessary.
- Being responsible for the timely collection of DI metrics for the portfolio of investments, in collaboration with the broader DI team. Execute a rigorous, data-efficient impact measurement process to track actual impact for investments, including the development of investment-bespoke indicators.
- Analysing over time how investments are performing against their initial development thesis, managing for impact (e.g. where possible managing risks to impact or negative impact), feeding back learning to the investment team and the broader organisation.
- Develop innovative ways to engage investees on their development impact (in liaison with the investment teams), e.g. by sharing back DI data and insights, support impact driving activities that are correlated to commercial performance.
- Support strategic thinking and portfolio construction, providing insights from a DI perspective.
- researching evidence on development impacts in private sector investments and where there may be an opportunity for market shaping.
- analysing specific investment and development impact themes and market issues to facilitate informed transaction design and assessment
- Develop impact case studies and support evaluation studies relevant to the investment portfolio (in coordination with the broader DI team).
- researching evidence in relation to key investment themes and helping to build a “resource bank” of leading experts
- helping to identify information gaps and potential evaluation strategies based on sector literature and CDC’s experience and portfolio
- Internal and external engagement to position CDC as thought leader
- Engage closely with the broader DI, Investments and Operations teams to maintain the evolving DI approach within CDC and to ensure cross learning from respective experiences.
- Be the bridge between CDC and DfID on aspects pertaining to impact management and help manage the DfID relationship with the other CDC colleagues.
- Build a network of impact specialists in other IFIs/DFIs/impact investors so that CDC shares best practice with peers
- Represent CDC and the facility at review meetings, conferences and other stakeholder engagements as necessary and authorised by the facility director
- Manage DI Investment team performance, deliverables, growth and influence together with the MD, Investment Management and Analytics, and other DI Investment manager
- Travel as required, for example, during due diligence visits or presenting at conferences.
- Advanced degree (MBA, MPhil, MSc, or equivalent) in a relevant discipline, preferably in economics/econometrics, development finance or development studies
- Demonstrable and extensive work experience in a relevant field, preferably within investment, management consultancy or development industry
- Work experience in developing countries, preferably in Africa and South Asia
- Business acumen: Able to translate Log Frame/ Results Framework indicators to those customised to the deal and vice versa in a lean and pragmatic manner
- Strong analytical skills: convert data into compelling evidence
- Communication: strong written/verbal communication
- Team Working: able to work in small and large teams, in developed and developing countries
- Results Focus: Drive to achieve objectives/results
- Personal Effectiveness: Organising self/teams to meet agreed deadlines and drive productivity and cohesion in a fairly new team.
- Ability to develop and run impact management systems and produce high-quality analysis, in the context of ‘poor numbers’, while respecting data integrity and confidentiality.
- An understanding of and interest in the dynamics and drivers of impact generation (as well as risks and negative impact), at the firm, sector, national and regional level.
- 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 05 March 2018
Closing on 04 April 2018