About the Job
Team and role overview The Corporate Debt team provides direct investment capital across Africa and South Asia in the form of senior loans, guarantees, mezzanine and structured financing. The team focuses in sectors that support significant productivity and employment creation such as healthcare, education, food and agribusiness, general manufacturing, telecoms, industrials and real estate.
Purpose Reporting to the Head of Corporate Debt, the associate’s role is to contribute to the continuing expansion and development of the Corporate Debt direct investment business through origination, structuring, execution and monitoring of debt investment opportunities that meet CDC’s commercial and development impact criteria.
Responsibilities There are 5 levels in the team – Associate, Executive, Manager, Director and Team Leader – and there are 3 key roles of the job (at all levels):
- Strategy and Origination –finding and evaluating investment opportunities, and building and maintaining relationships with companies and financing partners;
- Deal Structuring and Execution – analysing investment opportunities in detail, conducting due diligence, navigating the Investment Committee process, agreeing legal terms; and
- Portfolio monitoring – engaging with Borrowers to monitor performance and contribute in areas where we can help achieve better outcomes from a financial, development impact, E&S or governance perspective.
At Investment Associate level, you will spend the majority of your time on Deal Structuring and Execution and Portfolio Monitoring, and responsibilities will include:
Deal Structuring and Execution:
- Completing discrete due diligence tasks such as company, industry and economic analysis. Managing any external consultants engaged as part of the due diligence process.
- Liaising with potential borrowers by way of information gathering, questioning and deal negotiation.
- Producing financial models including cash flow analysis, debt sizing and sensitising for the purpose of assessing commercial viability of a transaction, determining optimal capital structure and assisting in client negotiation.
- Drafting term sheets and reviewing legal documentation together with the internal legal team.
- Identifying transaction risks and how these can be mitigated.
- Managing the engagement of support teams (Environmental, Social, Business Integrity and Development Impact), ensuring all internal stakeholders can achieve their objectives.
- Preparing detailed credit papers that capture all of the above for presentation and recommendation to CDC’s investment committee.
- Supporting role on the portfolio of existing loans.
- Responsibilities include reviewing company reports, monitoring compliance with covenants, flagging any potential credit issues, reviewing any waiver requests or amendments, preparing and presenting monitoring papers for consideration by CDC’s investment committee.
- Keeping up-to-date deal-flow, deal management and portfolio monitoring databases for transactions covered by the Corporate Debt team.
- Ensuring the maintenance of a high-quality portfolio post-disbursement including financials, development impact and environmental, social and business integrity, leveraging internal specialists as needed.
Strategy and Origination:
- Supporting the identification of new debt investments by utilising CDC’s relationships with commercial banks, other development finance institutions and clients directly.
- Preparing pitch books and other marketing materials that effectively communicate CDC’s investment priorities and credit risk appetite to partners and clients.
- Contributing to market-mapping exercises, where relevant, in close co-operation with other teams in CDC as well as help research and develop targeted debt origination strategies to focus our investment into sectors and geographies where we have natural advantage and where our capital is needed most.
Our cultural values We look for team members who aspire, as we do, to work at our best and to be:
- 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 age, disability, gender reassignment, marriage and civil partnership, pregnancy and maternity, race, religion or belief, sex, sexual orientation or educational background.
Background, skills, aptitude
The successful candidate should demonstrate the following aptitudes:
- Mission driven: Alignment with CDC’s objectives and an interest in development and sustainability issues
- Results Focus: Drive to achieve objectives/results
- Personal Effectiveness: Organising self/teams to meet agreed deadlines
- Team Working: Collaboration with own team and the wider CDC community
- Communication: Strong written/verbal communication skills
- Influencing/Persuading: Ability to obtain agreement and cooperation in a ‘win-win’ fashion
- Relevant experience includes working in financial markets or management consultancy, ideally with exposure to emerging markets’ finance, private equity and/or investment banking.
Expected technical skills comprise of:
- Understanding of debt investments and associated challenges/issues;
- Strong financial and analytical skills to analyse company financial statements, sector data, economics and relevant political events;
- Ability to gather knowledge through due diligence and to form views based on that due diligence;
- Solid written and oral presentation skills, including the ability to write reports and to present conclusion and ideas to an audience; and
- Advanced knowledge of Excel and associated cash flow modelling skills.
- Candidates should be strongly motivated by CDC’s development mission and ideally demonstrate some commitment to development or social goals through previous executive or non-executive activity.
Please provide a cover letter with your application Role opened: 20/04/2021 Role closes: 10/05/2021 Salary: Competitive
CDC Group plc
- CDC is the UK’s development finance institution. Founded 70 years ago, we invest in the most challenging markets of Africa and Asia with the aim of supporting economic development. CDC has net assets of £6.4bn and a portfolio of £4.7 billion.
- In 2019 we committed over £1.66 billion of capital to business in Africa and Asia and are now invested in 1,200 businesses which directly employ over 875,000 workers and support many more.
- 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 years. In 2020 we have expanded our presence in Africa and Asia by opening new offices. 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 likeminded ambitious people who are primarily motivated by our mission to deliver impact. We are a growing team of over 450 and place immense value on diversity within our organisation. ** Read more about us on our website "www.cdcgroup.com":https://www.cdcgroup.com/en/