Investment Associate, Debt Team
- 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
The Associate will support the work of the debt team from the origination to the execution and monitoring of debt transactions across product sub-teams, including Project Finance, Corporate Debt, Financial Institutions, Trade Finance and Supply Chain Finance. This will include research and strategy work, the initial assessment of new opportunities, credit analysis, due diligence, and portfolio management activities, as required, as well as liaising with other relevant transaction support teams (Legal, Environmental and Social, Business Integrity and Development Impact).
The debt team is particularly interested in candidates that have experience and strong interest in Project Finance, Financial Institutions, Trade Finance and Supply Chain Finance.
An experienced Associate will be capable of:
- Analysing new debt propositions, preparing screening and credit proposals, including financial analysis and modelling, as well as preparing monitoring papers.
- Completing discrete due diligence tasks such as company, industry and economic analysis.
- Reviewing legal documentation together with the internal legal team.
Due diligence, credit analysis and deal execution:
- Supporting senior members of the team and colleagues working on new debt proposals.
- The Associate will be responsible for analysis, including: sector / market analysis; company / borrower analysis (including credit analysis and financial modelling); macro-economic analysis.
- Responsibility for drafting the relevant sections of investment proposals.
- Over time, the Associate will gain experience in all aspects of credit assessment and due diligence, and will take responsibility for a broader range of due diligence and deal completion related work.
- Supporting role on monitoring the portfolio of existing loans.
- Responsibilities include: reviewing company reports; monitoring compliance with covenants; flagging any potential credit issues and preparing monitoring papers for review by CDC’s investment committee.
- Updating internal systems such as eFront as required.
Research and strategy:
- Contributing to sector and country strategies; collecting market data and other ad-hoc research and analytical activities relevant to CDC’s debt business.
- Keeping up-to-date with deal-flow, deal management and portfolio monitoring databases for all transactions covered by the debt team.
- At least two years of relevant experience within a DFI or banking/investment environment, preferably with exposure to project finance, corporate lending, lending to financial institutions (bank and non-bank) or receivables finance (supply chain finance / reverse factoring).
- University degree in finance, economics, corporate finance accounting, or other relevant degree. CFA, ACA or MBA would be an additional advantage.
- Analytical and research skills (including the ability to analyse company reports, sector data, macroeconomic 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 projects 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;
- Foreign language skills, particularly those spoken in CDC’s geographies (e.g., French, Portuguese, etc.) would be an additional advantage;
- An active interest in investing in developing countries and understanding of emerging market environments, with a willingness to travel;
- Demonstrable alignment with CDC’s mandate, mission and values.
Candidate generic values / traits
Candidates must be strongly motivated by CDC’s proposition. This requires:
- An awareness of and appreciation for CDC’s objectives;
- Evidence of alignment with CDC’s development impact objectives (through work history, volunteering or other personal activities);
- An appreciation of CDC’s activities and a passion to be part of CDC’s continued growth;
- History of working with 'best in class' employers;
- Appropriate periods with each previous employer and explicable career moves;
- The flexibility and desire to spend time in the countries in which CDC invests;
- An understanding of the remuneration and its structure, with the trade-offs it requires;
- Willingness to take time to support colleagues.
We look for candidates who share our culture and reflect our identity. CDC’s 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
Role Posted: 12 July 2018
Role Closes: 10 August 2018