About the Job
- 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
CDC’s Development Impact team provides technical leadership as we screen, manage and evaluate the development impact of the investments we make. Over the next five years CDC will implement a 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 an Executive to define, measure and support the development impact of new transactions and existing investments for the financial institutions sector. This important role will require working collaboratively with the investment teams and others across CDC to develop, analyse and describe development impact “theses” or narratives for potential investments. The Executive will play a key role in the Development Impact team’s responsibility to educate investment (and other) staff regarding development impact, providing analytic rigor in the analysis of the potential impact of a proposed investment, selecting metrics to measure development impact, and participating in the management of investments related to such impact. The Executive will play a leading role in CDCs financial inclusion and literacy programmes and its microfinance work.
Individuals with experience in development impact measurement and a strong understanding of investing, or significant experience working in diversified financial services sectors are encouraged to apply.
- Engage closely in the investment process, including assessing development impact as part of due diligence, contributing to investment papers and attending investment committees.
- Facilitate the development of a concise, distinctive and credible development impact thesis for each investment.
- Execute a rigorous, data-efficient impact measurement process to track actual impact for investments, including the development of investment-bespoke indicators.
- Ensure data gathering and analysis is timely and of high quality.
- Continue to educate both themselves and staff at CDC on development impact issues of particular applicability to CDC’s investing.
- Respond to queries from deal teams and research the development impact case of potential investments.
- Travel as required, for example, during due diligence visits or when validating the development impact of specific investments.
- Strong academic credentials.
- At least five years’ work experience in the financial inclusion sector, preferably within development, management consulting or the investment industry, and preferably with exposure to private sector investing. Ideally this would include experience in a variety of sub-sectors such as microfinance, affordable housing, SME financing, agricultural lending, microinsurance or fintech.
- Understanding of key social governance initiatives such as the SMART campaign client protection principles and the Social Performance Task Force.
- Work experience in emerging markets and developing economies, preferably in Africa and South Asia, is a strength.
- Excellent analytical and problem-solving skills.
- Strong understanding of underlying commercial strategies and ability to consider development impact in a lean and pragmatic manner, ideally in a way that is additive to the underlying companies.
- Strong communication skills – the ability to describe complex development impact scenarios with accuracy and concision; and the ability to explain development impact to non-professionals.
- Confident managing data and collating and presenting evidence.
- Demonstrated ability to take ownership for delivery of a high quality, responsive service to demanding clients.
•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.
- 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
Closing date: 1st September 2017
CDC Group plc
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. CDC is currently going through an exciting transformation, which has seen it extend the range of its activities to include direct equity investing and direct lending alongside its fund selection business. Between 2004 and 2011 CDC operated as a funds investor only.
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 inception 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 job-creating sectors such as agribusiness, infrastructure, financial institutions and construction.
CDC takes a wholly 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:
• placing capital with expert fund managers (GPs) who then use their local knowledge and expertise to find promising businesses in which to invest;
• making direct investments or co-investing in specific businesses, alongside local GPs or like-minded investors; and
• making loans or guarantees
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, see www.cdcgroup.com