Manager, Investments at FSD Africa

The Manager, Investments is responsible for executing deals in line with financial and impact goals, managing a delegated portfolio of investments from sourcing and origination through to deal close and post-close, ensuring that all investment activities are conducted in accordance with FSDAi’s policies, procedures, and guidelines, and that all investment decisions are made in alignment with FSDAi’s risk appetite.

KEY RESPONSIBILITIES AND ROLE REQUIREMENTS

Market Intelligence & Analysis

• Ensure that comprehensive market research and analysis is carried out in order to identify and assess investment opportunities that align with FSDAi's investment strategy:
• Collaborate with the Principal, Investments and other colleagues to define screening parameters for identifying and assessing investment opportunities, ensuring they align with FSDAi’s investment strategy; includes identifying key metrics, data sources, and criteria
• Develop a comprehensive screening plan outlining the specific areas to be investigated, screening methodologies to be used, timelines for completion, and responsible team members
• Lead and manage the screening process, leveraging various sources to conduct quality market and investment opportunity analysis to identify and evaluate potential investment opportunities
• Analyse the screening data, identify key trends and insights, and assess the potential of investment opportunities; analyse industry trends that will impact on investee performance and achievement of theory of change outcomes
• Prepare clear and concise screening papers summarizing the findings and assessments of potential investment opportunities; track and steadily reduce the number of occasions where substantive issues are missed, documenting the learning gleaned from each instance

 Investment Process Management

• Manage a delegated portfolio of investments from sourcing and origination to deal close and post-close to execute deals in-line with financial and impact goals:
• Lead the investment engagement process from sourcing and origination through to deal close and post-close. Ensure that all aspects of the investment process are conducted in accordance with FSDAi’s policies and guidelines
• Support the Principal, Investments in structuring individual investments that align with the investment strategy for the portfolio under management; includes developing financial models, conducting due diligence, and recommending terms 
• Ensure that the Investment Process Management team works collaboratively with the Risk & Legal team at all stages of the investment cycle
• Show rigour in: The identification and vetting of opportunities as they fit into the investment strategy. The preparation of financial models and risk/return projections. Financial modelling and valuations of opportunities and investments and forecasting individual investment returns and overall portfolio returns. Presenting a credible and convincing case on investment opportunities with the CIO to the Investment Committee. Managing and executing on legal documents, due diligence, and agreements.

Portfolio Performance

• Manage a designated portfolio of investments, ensuring that the provisions of each contract are delivered on time; support investees in achieving the anticipated return on investment:
• Ensure that the provisions of each contract are delivered effectively, and that investees receive the planned capacity-building support; support investees in achieving the anticipated return on investment, offering guidance and assistance as needed
• Monitor the performance of the designated portfolio of investments, ensuring that all required data collection, analysis, and reporting are delivered on time and to standard; this includes tracking financial performance, social impact metrics, and compliance with contractual obligations
• Proactively identify and address any issues or challenges that may arise in the management of the portfolio; swiftly escalate any concerns to the Deal Team lead
• Contribute towards the analysis of both individual investments and overall portfolio performance; generate insights on lessons learned, opportunities for improvement, and possibilities for scaling up successful approaches 
• Lead the preparation of reports and analysis of investment and fund activities, dealing with specific queries from within the team or from stakeholders

Risk & Compliance

• Liaise with the Risk team to develop and implement a risk management strategy for each investment under management (e.g. provisions of contract, monitoring plans, capacity-building):
•  Liaise with the Risk team to develop and implement a comprehensive risk management strategy for each investment under management; this includes factors such as the provisions of the contract, monitoring plans, and capacity-building requirements
• Ensure that all risk management actions required of the Manager & Associate are carried out on time and to standard
• Work closely with the FSDAi senior management to maintain a strong culture of risk and compliance management within the Investment team
• Ensure that all investment activities are conducted in accordance with FSDAi’s investment policy, processes, and guidelines, ensuring 100% compliance with all relevant risk and compliance requirements
• Take personal responsibility for ensuring that there are zero losses for FSDAi as a result of the manager or associate failing to adhere to good legal practice or agreed risk and compliance management processes

Relationships & Influencing

• Build and nurture strong, positive, relationships with investors, investees and other stakeholders relevant to the portfolio of investments under management:
• Proactively build and nurture strong, positive, relationships with investors, investees, and other stakeholders relevant to the portfolio of investments under management, aiming to develop a deep understanding of their needs, priorities, and perspectives
• Actively seek to influence these stakeholders, ensuring that their interests are understood and addressed, and that they are kept informed of FSDAi’s activities and progress
• Ensure that all communication and interactions with stakeholders are conducted in a professional and timely manner; foster a positive customer experience that contributes to FSDAi’s overall brand reputation
• Share updates and information with FSDAi senior management on key stakeholder relationships and any emerging issues
• Contribute to the development of marketing and communication plans to support the portfolio under management, ensuring that FSDAi’s key messages are effectively communicated to external stakeholders

Team Leadership  

• Lead a team of Associates and Analysts in a manner that empowers them to add value to the organisation and deliver high standards of performance:
• Ensure that each team member (including any consultants) is provided with clarity concerning goals and expectations of their personal role in achieving results, standards and behaviour
• Plan and organise the work of the team to accomplish goals and targets in the most cost-effective and impactful manner possible
• Monitor and review performance and hold staff accountable for achieving results, meeting standards of excellence and taking decisive action in the case of poor performance
• Ensure delivery of an engaging leadership style that motivates team members, results in high performance and complies with FSD Africa's EDI policies

PERSON SPECIFICATIONS

Qualifications and Education

• Master's degree and 6 years of experience or bachelor’s degree and 8 years of experience
• Experience in investment related field with transactional experience
• Excellent skills in written and spoken English