Investment Associate

Team: Investment

Location: Pakistan

Employment Type: Permanent

Salary: Competitive

Closing Date: 21 December 2018

Investment Associate

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

Background

CDC has established a presence on the ground in Pakistan for the following reasons:

  • Deepen CDC presence in the country given its strategic importance in South Asia and CDCs origination efforts across sectors and products. The on-ground presence is seen as crucial to identify and back the right sponsors of business from an ethics perspective.
  • Monitor the current investment portfolio of CDC, influencing promoters and working to deliver our development and commercial goals.
  • Evolve themes for future impact accelerator facility investments.

Purpose

The Associate’s primary role is to support the Country Director by assisting with:

  • Undertaking economic and specific sector research in order to develop country strategy and sector mapping activities.
  • Evaluating new investment proposals or potential target businesses, including conducting financial analysis, valuation exercises and financial modelling.
  • Responsibility for aspects of the deal processes including working with due diligence and other advisors.
  • Supporting in the post-deal management of the investment portfolio.
  • Maintaining the deal pipeline and filtering potential opportunities.

Responsibilities

Research:

  • Undertaking economic and sector specific research. This will include providing support to sector mapping exercises.
  • Undertaking research in to specific businesses or projects including traveling to meet management teams and advisers.
  • Keeping up to date with market developments and monitoring factors that can affect the pipeline and portfolio companies.
  • Monitoring the financial news and preparing economic, sector and portfolio company updates.

Evaluation, Due diligence, and deal execution:

  • Initial filtering of investment proposals for deals that fit within CDC’s developmental and investment mandate.
  • Analysing financial information relating to specific companies.
  • Supporting execution teams working on new investment proposals.
    • Building or analysing financial models and conducting sensitivity analysis
    • Assisting with reports to be presented to investment committee for approval and participating in the meetings
    • Conducting detailed valuations on companies using various methods
    • Assisting with the due diligence on a specific company and sector
    • Drafting the relevant sections of credit / investment proposals

Portfolio management:

  • Supporting role on monitoring the portfolio of existing investments / loans.
  • Responsibilities include, in respect of specific existing investments / loans: reviewing company reports; analysing financial performance of the companies covering unit economics and profitability/cost drivers, reviewing market / competitive positioning, monitoring compliance with covenants (including compliance with CDC’s Environment, Social and Governance requirements); flagging any potential credit / performance issues by providing early warning signals and supporting the preparation of monitoring papers for review by relevant CDC committees.

 

The Candidate

Background

  • Strong relevant experience with Pakistan’s financial environment, preferably in corporate/investment banking or equity research.
  • University degree with Masters in Finance, Economics, Corporate Finance, or accounting degree. CFA, ACA or MBA would be an additional advantage.
  • Analytical, research and valuation skills, including the ability to analyse company reports, sector data, economics and relevant political events.
  • Report writing, and advanced knowledge of Excel is imperative.
  • Good business communication and presentation skills.

Required competencies

  • Analytical and research skills (including the ability to analyse company reports, sector data, economics and relevant political events).
  • Credit analysis skills and ability to analyse a Company’s financial statements and make commercial assessments.
  • Financial modelling and excel skills.
  • Ability to work on multiple opportunities across products and sectors while working to deadlines and managing time effectively.
  • Good business communication and presentation skills.
  • Evidence of relationship building and ability to develop a network of relevant external contacts, as well as internally across different teams.
  • As a member of a small team, a flexible and “hands on” approach is a prerequisite.
  • An active interest in investing in developing countries and understanding of emerging market environments, with a willingness to travel.
  • Demonstrable alignment with CDC mandate, mission and values.

 

Please include a one-page cover letter with your application

Role Posted on: 22/11/2018

Role Closes on: 21/12/2018

Salary: Competitive

Apply now