CDC is the UK's Development Finance Institution (DFI) tasked with the inspiring mission to invest in businesses in Africa and South Asia to create jobs and make a lasting difference to people's lives in some of the world's poorest places.
Established in 1948, CDC is the world's oldest DFI and has a proud heritage supporting the building of successful businesses across emerging and frontier markets.
Wholly owned by the UK Government's Department for International Development (DFID), CDC plays a key role in DFID's strategy to reduce poverty in the developing world by supporting economic growth and creating jobs.
In recognition of CDC's high quality and developmental approach to investing, DFID recently announced a significant new capital injection of £735 million into CDC. Prior to this, since 1948 the UK Government had invested a net £144 million into CDC, which had been turned into net assets of £3.4 billion. The new investment will allow CDC to invest on a greater scale in a wider variety of job-creating sectors and businesses.
CDC takes a commercial approach to its investing and lending activities, but, as a DFI, each investment is motivated by the development impact it will achieve. As it invests from its own balance sheet, CDC has considerable flexibility in how it structures investments and in the risk-return profiles it can consider. It is also able to take a longer view – up to and beyond ten years if necessary. CDC is currently invested in over 1,300 companies in 74 countries.
CDC invests in a number of ways:
- making direct equity investments or co-investing in specific businesses, alongside local fund managers or like-minded investors;
- making loans and guarantees;
- placing capital with expert fund managers who then use their local knowledge and expertise to find promising businesses in which to invest.
To achieve its vision and mandate, CDC is looking to build its team and, in particular, attract high quality investment professionals who are motivated to use their skills to develop the private sector in Africa and South Asia.
For further information, please see www.cdcgroup.com
The role would be focussed on FI Debt (ranging from guarantees and senior loans to tier II capital) and Trade Finance transactions (funded and unfunded MRPAs, funded trade lines to FIs, structured trade transactions, trade finance funds etc.).
An experienced Executive will be capable of: Analysing new debt investment propositions and contributing to the structuring of the transaction; preparing and presenting screening and credit papers, as well as preparing and presenting 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: Supporting senior members of the team working on new debt investment proposals.
The Executive will be responsible for analysis, including: sector / market analysis; company / borrower analysis (including credit analysis financials and financial modelling); macro-economic analysis.
The Executive will perform all aspects of credit assessment and due diligence as part of a deal team, identify transactions risks and how these can be mitigated, and will take responsibility for deal completion related work.
Portfolio management: Supporting role on the portfolio of existing loans.
Responsibilities include, in respect of specific existing loans: reviewing company reports, monitoring compliance with covenants, flagging any potential credit issues, preparing and presenting monitoring papers for review by CDC's investment committee.
Research and strategy: Contributing to sector/country strategies; collecting market data and other research activities relevant to CDC debt investments.
Keeping up-to-date deal-flow, deal management and portfolio monitoring databases for all transactions covered by the debt team.
New Business: Supporting the identification of new debt investments by developing/maintaining a network of relevant contacts, including with other development finance institutions, commercial banks, advisors, etc.
As an employee of CDC, you must be aware of the importance of ESR considerations and support the continued delivery of CDC's ESR compliance process. As a member of an investment team, you should ensure that CDC's investments are made to maximize their development impact. You will need to give certain attention and devote time to ensuring that ESR performance of deals are appropriately managed and addressed CDC provides regular ESR training on relevant topics and issues throughout the year which, as a member of the investment team, you will be expected to attend.
Environmental and Social and Responsibilities (ESR) Considerations
At least five years of relevant experience within an international financial environment, preferably in corporate/investment banking or a DFI, with some experience in FI Debt and Trade Finance transactions.
University degree with Masters in Finance, Economics, Corporate Finance, or accounting degree. CFA, ACA or MBA would be an additional advantage
Analytical, valuation 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;
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 mandate, mission and values.
Commercial insight into the challenges and issues that businesses face
Candidate generic values/ traits
Candidates must be strongly motivated by CDC's proposition. This requires: An awareness of and appreciation for CDC's objectives
Some evidence of these values is useful (E.g., volunteering, career changes due to changing motivations)
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 in their respective fields
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 that 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 taxpayers' money
We promote a fulfilling work environment
For further information please see our website (www.cdcgroup.com)
Closing Date: 4th February 2017