Associate, Development Impact (Intermediated Equity)

Team: Investment

Location: London, UK

Employment Type: Permanent

Salary: Competitive

Closing Date: 14 June 2018

Associate, Development Impact (Intermediated Equity)

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 of CDC’s Development Impact team is to ensure we maximise the impact of our investments on people’s live by providing technical leadership throughout the investment process. Over the next five years CDC is implementing an ambitious world-class framework designed to select the right investments, assess, measure and communicate their impact and better understand what works in private sector development.
  • We are recruiting a Development Impact Associate who will be embedded in the Intermediated Equity investment team. CDC is one of the leading providers of development capital to private equity funds in Africa and South Asia. By supporting locally based investment teams, CDC is developing the local private equity market, human capital and small and medium businesses.
  • This is a unique opportunity for those with strong expertise in international development balanced with an entrepreneurial spirit to shape the organisation’s development impact approach to intermediated investments, proactively manage the impact of our portfolio and develop thought leadership within the investment community.
  • The Development Impact Associate works side by side with two Development Impact Executives and with investment professionals. The Associate will assess the development impact from origination to exit, and seek to optimise the impact we are achieving through our intermediated investments, through both (i) the impact of the underlying investments made by our fund managers; and, (ii) the impact of our fund managers in expanding financial intermediation in Africa and South Asia.
  • This role will require travel, for example to undertake due diligence visits, or when working with fund managers to enhance the development impact of specific investments.

Key Responsibilities

Specific responsibilities will be driven by priorities and needs of the team at the time, but are expected to include the following:

  • Evaluating new investment opportunities and strategies, with the objective of maximising the potential developmental impact;
  • Monitoring and managing development impact performance of the portfolio;
  • Contributing to thought leadership and sharing learnings

Evaluating new investment opportunities 

  • Analyse, research and articulate the development impact for prospective investments to enable the Investment Committee to make the right investment decisions. This involves reviewing investment proposals, undertaking research, facilitating discussions, and actively engaging in the due diligence process.

Monitoring and managing investment performance

  • Monitor impact performance of investments through timely data collection of impact metrics. This also involves setting up new systems and processes to enable us to efficiently track and communicate the impact of our investments.
  • Analyse and assess over time how funds are performing against their initial development thesis, feeding back learning to investment colleagues and the broader organisation.

Contributing to thought leadership and sharing learnings

  • Develop impact case studies and support evaluation studies, in coordination with the broader DI team.
  • Support internal and external thought leadership, leveraging CDC’s unique position to share lessons learned and communicate impact

 

The Candidate

Background

  • Strong academic credentials.
  • At least 3 to 5 years’ work experience in international development, and preferably also experience in the investment industry, business or consulting.
  • Work experience in emerging markets and developing economies, preferably in Africa and South Asia.

Technical skills

  • Understanding of private sector development and how to achieve development outcomes through private sector investment.
  • Excellent analytical and problem-solving skills.
  • Strong communication skills – the ability to describe development impact scenarios with accuracy and concision; and the ability to explain development impact to non-professionals.
  • Confident managing data, collating and presenting evidence.
  • Demonstrated ability to take ownership for delivery of a high quality, responsive service to demanding clients

Personal Skills

  • Team working: close collaboration with investment teams and others across the organisation.
  • Results focus: drive to achieve objectives/results.
  • Personal effectiveness: organising self and others to meet agreed deadlines.
  • Relationships: effective at building and maintaining relationships with fund managers, external stakeholders and the wider industry.

 

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 letter with application

Role Posted on: 16/05/2018

Role Closes on: 14/06/2018

Salary: Competitive

Apply now