Executive, Development Impact (Funds)

Team: Operations

Location: London, UK

Employment Type: Permanent

Salary: Competitive

Closing Date: 25 April 2018

Executive, Development Impact (Funds)

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

Role purpose

CDC’s Development Impact team’s role 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 Executive 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 to shape the organisation’s development impact approach to intermediated investments and develop thought leadership within the intermediated investment community. This important role works side by side with investment professionals providing development impact expertise to ensure the team’s investments are as impactful as possible. The Executive will implement our development impact objectives from origination to exit, and seek to understand in more depth 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.

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;
  • Spearheading thought leadership and sharing learnings.

Evaluating new investment opportunities 

  • Participate in the design and implementation of market mappings, scoping studies and sector strategies, providing insights to enhance our development impact;
  • 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

  • Develop innovative ways to engage with fund managers to enhance their development impact working in partnership with the investment colleagues to share data and insights, and support strategies to increase impact;
  • 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.

Spearheading thought leadership and sharing learnings

  • Strengthen the understanding of the development impact from investing in funds, using evidence from CDC’s portfolio and looking at the impact of funds on the private sector ecosystem;
  • Develop impact case studies and support evaluation studies, in coordination with the broader DI team;
  • 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 five to eight years’ work experience, preferably within a combination of private sector development, and the investment industry or consulting;
  • Work experience in emerging markets and developing economies, preferably in Africa and South Asia.

Technical skills

  • Strong understanding of private sector development and how to achieve development outcomes through private sector investment;
  • Excellent analytical and problem-solving skills;
  • Strong understanding of underlying commercial strategies and ability to consider development impact in a lean and pragmatic manner, including in ways that are additive to the funds and their underlying companies;
  • Strong communication skills – the ability to describe development impact scenarios with accuracy and concision; and the ability to explain development impact to non-professionals;
  • Ability to lead entire development impact process, from diligence to monitoring and reporting;
  • Confident managing data and 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 your application.

Posted on: 27 March 2018

Closing on: 25 April 2018

Salary: competitive

 

Apply now