THE OPPORTUNITY Investment Officers play a pivotal role in the execution of ACIF's investment strategy. The position offers the opportunity make, manage and eventually exit direct investments in African champions. Invest…
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Full-time
bachelor degree, postgraduate degree
Posted 11d ago
Apply by Jun 26
~40 hrs/week
Responsibilities
The Investment Officer is responsible for evaluating, executing, and managing direct and intermediated investments in African firms and funds. This includes conducting deep financial analysis, performing due diligence, and providing ongoing portfolio management and thematic research.
Requirements
Candidates must have a bachelor's degree in finance or economics and at least 7 years of work experience, including 5 years in private equity or private credit. Strong quantitative analytical skills and a deep understanding of African markets are essential.
Full job description
THE OPPORTUNITY
Investment Officers play a pivotal role in the execution of ACIF's investment strategy. The position offers the opportunity make, manage and eventually exit direct investments in African champions. Investment Officers will also have the opportunity to work on intermediated investments, including fund commitments and co-investments. Specific responsibilities include:
Investment management – direct investments
Evaluating and executing direct investments in African firms positioned to deliver on ACIF and the Foundation’s objectives
Analyzing investment opportunities, including developing and testing assumptions, building financial models, assessing historical performance and developing and drafting investment memoranda
Developing valuations, investment structures and key terms of investments, in collaboration with the ACIF team
Deep analysis to test and refine investment cases, and defend assumptions, forecasts and investment theses to the broader ACIF team and Investment Committee
Working with financial, legal, tax, and impact advisors to undertake due diligence of investment opportunities; developing diligence scopes, managing due diligence processes and refining investment cases based on findings
Supporting the execution of transaction processes, including legal documentation, required transaction structures, overseeing meeting of conditions precedent, and closing
Working with management teams to develop and align on forecasts – both financial and impact
Supporting management teams to sustainably grow operations and create dignified employment opportunities as well as to deliver on growth and expansion objectives, M&A, product or services growth, etc
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Investment management – fund investments
Evaluating and executing intermediated investments in Africa focused private equity and private credit funds, aligned to the Foundation’s objectives
Assessing and benchmarking fund proposals
Conducting due diligence on fund managers, fund proposals, including impact thesis, returns and budget analyses
Developing and drafting internal investment memoranda
Supporting legal negotiations and documentation of fund commitments
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Thematic research
Conduct sector thematic research in support of ACIF’s investment themes to develop internal expertise and house views
Identify and originate investment opportunities driven by thematic research
Share and disseminate research internally in support of broader Foundation objectives
Reporting
Ensuring appropriate reporting and performance against investment and impact theses of the portfolio
Lead internal periodic reporting and undertake annual portfolio reviews for specific direct and fund investments
Contribute to portfolio wide reporting
WHO YOU ARE
Education & Experience
Bachelor’s degree in finance, economics or an associated field from a recognized institution. Master’s degree or CFA preferred
Minimum of 7 years work experience, with at least 5 years experience in private equity or private credit investing, with a strong preference for investments in Africa
Understanding of investment fundamentals, key drivers of major African markets, and risks of operating in complex markets
Skills
Excellent quantitative analytical skills (financial modeling, financial analysis, etc) and strong written communication and presentation skills (including power point, memo writing, etc)
Demonstrated ability to effectively research and assess investment opportunities in emerging markets
Demonstrated analytical skills to interpret complex financial data
Flexible, adaptable, and able to manage changing priorities in a fast-paced environment.
Comfort with ambiguity and uncertainty
Values
Professional maturity, sensitivity with different cultures, and impeccable integrity that exemplify the Foundation’s values
Team player
A partnership approach to working with management teams, co-workers, co-investors and other counterparties
Demonstrate a commitment to Mastercard Foundation’s values and vision
WORK AUTHORIZATION
This role is open to candidates based in Nairobi, Kenya or Johannesburg, South Africa. Candidates must have valid work authorization in the country for which they are applying.
The Mastercard Foundation values the unique skills and experiences each individual brings to the organization and we are committed to creating and maintaining an inclusive and accessible environment for everyone.
Completion of satisfactory business references and background checks are essential conditions of employment.
For more information and to sign up for the Foundation’s newsletter, please visit http://www.mastercardfdn.org/ Follow the Foundation on Twitter at @MastercardFdn
The Mastercard Foundation seeks a world where everyone has the opportunity to learn and prosper. The Foundation’s work is guided by its mission to advance learning and promote financial inclusion for people living in poverty. One of the largest foundations in the world, it works with visionary organizations to enable young people in Africa and in Indigenous communities in Canada to access dignified and fulfilling work. It was created in 2006 by Mastercard International and operates independently under the governance of its own Board of Directors. The Foundation is based in Toronto, Canada. For more information and to sign up for the Foundation’s newsletter, please visit www.mastercardfdn.org. Follow the Foundation at @MastercardFdn on Twitter
Protect Yourself Against Fraud:
Please remember, the Mastercard Foundation never solicits funding, issues credit cards, or requests payments from individuals. We urge the public to remain vigilant. Report suspicious activity to your local authorities and alert us at [email protected].
Offices: 250 Yonge Street, Suite 2400, Toronto, Ontario M5B 2L7, CA · Stanbic Heights, Suite 301, North Liberation Link Road, Airport City, Accra, 00233, GH · Nairobi Garage Office, 3rd Floor, The Promenade, General Mathenge Drive, Nairobi, KE · Kigali Heights, 4th Floor, KG 7 Avenue, Kimihurura, Gasabo, Kigali, RW
Financial inclusionEducation and learningand Youth EmploymentCommunitiesEducationNon ProfitPublic SafetyAssociation
The Mastercard Foundation seeks a world where everyone has the opportunity to learn and prosper. The Foundation’s work is guided by its mission to advance learning and promote financial inclusion for people living in poverty. One of the largest foundations in the world, it works with visionary organizations to enable young people in Africa and in Indigenous communities in Canada to access dignified and fulfilling work. It was created in 2006 by Mastercard International and operates independently under the governance of its own Board of Directors. The Foundation is based in Toronto, Canada. For more information and to sign up for the Foundation’s newsletter, please visit www.mastercardfdn.org. Follow the Foundation at @MastercardFdn on Twitter
Protect Yourself Against Fraud:
Please remember, the Mastercard Foundation never solicits funding, issues credit cards, or requests payments from individuals. We urge the public to remain vigilant. Report suspicious activity to your local authorities and alert us at [email protected].
Offices: 250 Yonge Street, Suite 2400, Toronto, Ontario M5B 2L7, CA · Stanbic Heights, Suite 301, North Liberation Link Road, Airport City, Accra, 00233, GH · Nairobi Garage Office, 3rd Floor, The Promenade, General Mathenge Drive, Nairobi, KE · Kigali Heights, 4th Floor, KG 7 Avenue, Kimihurura, Gasabo, Kigali, RW
Financial inclusionEducation and learningand Youth EmploymentCommunitiesEducationNon ProfitPublic SafetyAssociation