Associate/Executive, Development Impact (Financial Institutions)
- 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
Team and role overview
CDC’s Development Impact team provides technical leadership as we screen, manage and evaluate the impact of the investments we make. We have rolled out a new approach to impact management, built around embedding impact professionals within our investment teams to actively manage the impact of every single investment. This approach is designed to create teams with the professional capability and expertise to reflect our dual mandate to improve people’s lives and make a financial return.
We are recruiting an Associate or Executive to join our embedded Financial Institutions team. She or he will work across three key areas:
- The selection and strategy for new investment opportunities;
- Enhancing the impact of our portfolio and monitoring its impact performance; and,
- Sharing lessons and participating in the development of the impact management industry.
The role will support CDC’s financial services investments across all products, including direct equity, direct debt, and specialized funds; in addition to supporting activities and investments outside of these teams related to financial products or institutions.
We are an organisation who places significant value on diversity. We come from diverse backgrounds and we all share the same mission – to support the building of businesses in Africa and South Asia, to create jobs, and to make a lasting difference in people’s lives. Our vision is to recruit, retain and develop the very best people available to build a team that reflects the make-up of society and the regions in which we invest.
- Assessing development impact as part of the due diligence process. Working seamlessly with investment team colleagues to co-create the commercial and impact objectives for the transaction.
- Lead and develop a concise, distinctive and credible development impact thesis for each investment that is consistent with the impact framework used for financial institutions.
- Contribute to investment papers and attend investment committees.
- Support a rigorous and data-efficient impact measurement process to track actual impact of investments, and actively manage the investments to enhance the impact.
- Ensure data gathering and analysis is timely and of high quality.
- Continue to advance CDC’s understanding of development impact issues and particularly applicability to CDC’s investing.
- Support financial intuitions team to deliver its impact strategy, including opportunities for value add activities, market-shaping initiatives, and other activities to manage CDC’s impact in financial services.
- Travel as required, for example, during due diligence visits or when validating the development impact of specific investments.
- Strong academic credentials. Preferably an MBA, Masters in Economics or equivalent degree.
- Demonstrable experience in international development, with some in financial sector development, financial inclusion, or access to finance in emerging markets; preferably within development focused institutions, management consulting or the investment industry, and preferably with exposure to private sector investing. Experience in a variety of financial services sub-sectors, including trade and supply chain finance, PAYGo, and other inclusive sub-sectors is desirable.
- Understanding of key industry initiatives in financial inclusion and a strong knowledge of the sector stakeholders. Experience in financial inclusion programming (e.g. financial literacy, customer protection) is desirable.
- Work experience in emerging markets and developing economies, preferably in Africa and South Asia, is a strength.
- Excellent analytical and problem-solving skills. Confident dealing with complexity and can combine objective quantitative analysis with expert qualitative judgment.
- Strong understanding of underlying commercial strategies and ability to consider development impact in a lean and pragmatic manner, including in a way that is additive to the underlying companies.
- Strong communication skills – the ability to describe complex development impact scenarios with accuracy and concision; and the ability to explain development impact to non-professionals.
- Confident managing data, collating and presenting evidence. Technical impact, market development and/or evaluation skills preferred.
- Demonstrated ability to take ownership for delivery of a high quality, responsive service to demanding clients.
- Team working: Close collaboration with investment teams, impact teams and others across the organisation.
- Results focus: drive to achieve objectives/results. Skills in socialisation of new concepts. Keen to roll-up sleeves, and also build new ideas.
- Personal effectiveness: organising self and others to meet agreed deadlines. Track record in efficient, high-quality delivery. Good time management and productivity.
- Relationships: effective at building and maintaining relationships with direct investees, fund managers, external stakeholders and the wider industry. Conducts oneself in a professional manner, representing CDC’s values.
- 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
Please provide a cover letter with your application
Role opened: 08/02/2019
Role closes: 11/03/2019