Associate, Development Impact (Intermediated Equity)

Team: Investment

Location: London, UK

Employment Type: Permanent

Salary: Competitive

Closing Date: 02 January 2019

Associate, Development Impact (Intermediated Equity)

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 300 and place immense value on diversity within our organisation.
  • Read more about us on 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 learning

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 learning

  • 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.

 

Please submit a cover letter with application

Role Posted on: 04/12/2018

Role Closes on: 02/01/2019

Salary: Competitive

Apply now