Investment Manager/Executive, Trade and Supply Chain Finance Team
- 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 380 and place immense value on diversity within our organisation.
- Read more about us on our website cdcgroup.com
Team and role overview
You will support the work of the Trade and Supply Chain Finance (“TSCF”) team in London. This includes the origination, execution and monitoring of TSCF transactions. The successful candidate will be responsible for assisting and managing with research, initial assessment, credit analysis, due diligence, documenting, and monitoring as required, as well as liaising with other relevant transaction support teams (Environmental and Social, Business Integrity and Development Impact).
The TSCF team’s mandate (“Mandate”) is to support trade across Africa and South Asia. CDC provides financing or guarantees in order to fulfil TSCF’s mandate.
You will be capable of:
- Analysing new TSCF opportunities against the Mandate and determining whether or not to pursue.
- Coordinating, structuring writing and presenting credit papers and investment committee memos.
- Completing discrete but thorough due diligence encompassing issuer, industry and economic analysis for a range of financial institutions and corporate Obligors.
- Reviewing legal documentation, such as MRPA’s and trade documentation with the internal legal team.
- Project managing and coordinating internal and external stake holders.
- Updating internal trade capture and monitoring systems.
- Drafting deal summaries and monitoring reports for internal and external distribution.
Due diligence, credit analysis and deal execution:
- Support senior members of the team and colleagues working on new deal proposals.
- Manage, supervise and provide guidance to the Associate involved in the deal.
- Responsible for analysis, including sector / market analysis; company / obligor analysis (including credit analysis financials and financial modelling); macro-economic analysis.
- Responsible for drafting the relevant sections of the investment proposals.
- Obtain input from the internal support teams as the investment proposal is drafted for final review.
- Over time, you will gain experience in all aspects of investment assessment and due diligence, and will take responsibility for a broader range of due diligence and deal completion related work, to include leading the transaction with little supervision.
- Supporting portfolio monitoring including month-end reporting, utilisation, covenant and limit monitoring
- Update internal systems and any other system as required.
- Act as liaison to other debt teams and Investment Committee (“IC”) members as needed to manage and review existing and new obligor risks.
Research and strategy:
- Contribute to product/country and program strategies; collect market data and other ad-hoc analysis/research activities relevant to CDC’s TSCF business.
- Keep up-to-date with deal-flow, deal management and portfolio monitoring databases for all transactions covered by the debt team.
- Contribute and support the team with creating and maintaining marketing assets for the purpose of education, business development and conference attendance.
- All type of Trade Finance documentary credit, such as Letter of Credit, Bank Guarantee, Performance Bonds etc.
- Structured Trade Finance, PO Financing etc.
- Supply Chain Financing (i.e. Reverse Factoring), Factoring, Invoice Discounting/Financing, LC Discounting.
- Fund Structuring and Funds Suppliers.
- Value Chain Financing, Distributor Financing.
- Direct Lending, SME Lending, Micro Lending.
- Supporting the identification of new TSCF investments opportunities by developing/maintaining a network of relevant contacts, including with other development finance institutions, commercial banks, advisors, etc.
- Extensive relevant experience within Trade Finance or Supply Chain Finance
- DFI, commercial banking, Trade Finance, Credit Funds or other suitable background.
- Thorough understanding of Documentary Credits, Receivables Finance (Supply Chain Finance / Reverse Factoring), Credit Trading and Financial Institutions (Bank and Non-Bank).
- University degree educated.
- Obtained or studying toward CFA, CITF, ACA or MBA would be
- A working knowledge of trade and supply chain finance products;
- Ability to work on multiple deals while keeping 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.
- Analytical and research skills (including the ability to analyse FI and Corporate reports, sector data, economics and relevant political events).
- Credit analysis skills and ability to analyse FI and corporate financial statements and make commercial assessments.
- Financial modelling and excel skills.
- Foreign language skills, particularly those spoken in CDC’s geographies (e.g. French, Portuguese etc.) would be an additional advantage.
- Impact-led, commercially rigorous
- Tenacious in the face of challenges
- Collaborative and caring
CDC is committed to diversity and inclusion and welcomes all applicants regardless of gender, age, educational background, national origin, ethnic origin, disability, sexual orientation and religion.
Please provide a cover letter with your application
Role opened: 01/08/2019
Role closes: 30/08/2019