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Private Equity Senior Investment Officer – Specialty Finance
Title: Private Equity Senior Investment Officer – Specialty Finance
Company: WWB Asset Management (WAM)
Reports to: Chief Investment Officer – WAM
Location: African capital city; (Asian capital may be considered)
Start Date: Q4 2018
WWB Asset Management (WAM) is seeking an experienced, highly motivated Senior Investment Officer (“SIO”) with strong private equity experience in specialty finance sectors – such as fintech, insurance, agriculture finance, education finance or housing finance – to join its impact investment team. Experience within the African financial sector is strongly preferred. The SIO will be responsible for sourcing, structuring, closing and monitoring investments in inclusive financial service providers focused on women. The SIO position to be located in an African capital city, (Asian capital city may be considered) and will report directly to the Chief Investment Officer (“CIO”).
About Women’s World Banking Asset Management (WAM)
WAM is a wholly-owned subsidiary of Women’s World Banking, Inc., headquartered in New York City. It manages the Women’s World Banking impact investment program, including a co-managed USD 50M private equity fund, WWB Capital Partners, LP. WAM is currently fundraising for a second fund, WWB Capital Partners II (“WWBCP II” or “the Fund”) which will be solely managed by WAM and is expected to be a $100m Ontario based blended finance limited partnership, with a dedicated, grant-funded side-car technical assistance program. WWBCP II will make direct minority equity investments ranging between USD 1M – 15M in high-performing, women-focused inclusive finance institutions worldwide, and will provide technical assistance to improve client and staff gender diversity, in accordance with the impact investment program established by Women’s World Banking.
- Source investment opportunities in line with the objectives of WWBCP II, with a specific focus on specialty finance sectors such as micro-enterprise finance, small business finance, housing finance, micro-insurance, fintech and smallholder agri-finance located in Sub-Saharan Africa, Middle East and North Africa (MENA), South and Southeast Asia;
- Conduct initial vetting of pipeline opportunities against the Fund’s investment criteria;
- Gather data, analyze financial statements, prepare initial valuation analyses and draft first stage investment proposals on vetted opportunities to determine suitability for on-site due diligence;
- Prepare and defend first stage proposals to the first stage committee;
- Conduct on on-site due diligence on Fund investment opportunities together with at least one other WAM investment officer, either as lead or as second, to gather further information and undertake risk assessments. Manage deliverables of technical consultants, if any, accompanying the due diligence team;
- Perform valuation analyses, prepare and defend investment proposals as a team to the Investment Committee;
- Negotiate transaction terms and review transaction documents as team lead or second;
- Monitor and manage portfolio of investments;
- Advocate for and oversee delivery of Women’s World Banking technical assistance to improve client and staff gender diversity;
- Prepare financial and social performance reports on portfolio companies; and
- Identify exit opportunities for investments and lead or support exit process.
Within the first 90 days:
- Embrace Women’s World Banking’s and WAM’s core values and desired behaviors;
- Develop familiarity with Women’s World Banking and WAM’s organization, policies and procedures;
- Take ownership of pre-identified pipeline of specialty finance opportunities in Sub-Saharan Africa, MENA and/or South and Southeast Asia, and develop sourcing strategy for additional investment opportunities. Identify at least two new prospects for the pipeline;
- Lead first stage proposal preparation of at least one new pipeline opportunity;
- Act as lead or second investment officer for at least one investment proposal, including preparing for and conducting due diligence and preparing to present prospect to investment committee;
- Take on investment monitoring and reporting responsibilities for one Fund I investment in order to learn the systems and processes and prepare analysis for one quarterly reporting cycle; and
- Support capital raising activities as needed for subsequent closings.
- Minimum 6-9 years’ private equity experience with proven success; preferably across different African or Asian countries;
- Familiarity with operation and regulation of financial institutions; preferably with experience in one or more of the following sectors: housing finance, insurance, fintech, smallholder agri-finance;
- Bachelor’s degree in Accounting, Finance, Economics or related major; an MBA or Master in Economics/Finance is preferred;
- Excellent financial modeling capabilities and the ability to support multiple projects with a keen attention to detail;
- Demonstrated negotiation and transaction documentation management skills;
- Demonstrated ability to effectively communicate in written and verbal form, and familiarity with Microsoft Office Suite;
- Multi-lingual – English required; French strongly preferred, Arabic, African or Asian languages a plus;
- Strong interpersonal, problem solving, analytical and troubleshooting skills;
- Self-motivated, self-directed with a positive attitude
- Strong work ethic appropriate for a small, fast-paced, team-oriented organization;
- Passion for inclusive finance and women’s empowerment; and
- Willing to travel 30-35% of the time throughout Africa or Asia, plus 2 – 4 visits to New York per year.
About Women’s World Banking
We believe in being a force for the greater good, devoted to accelerating and growing the financial inclusion of women. With rapidly changing markets, influenced by technology and social behavioral expectations, we are embarking on a new chapter to transform the way we design and implement solutions.
For nearly 40 years, Women’s World Banking has partnered with financial institutions, showing them the benefit of investing in women as customers. We equip these institutions with in-depth research and data driven insights to develop financial products and educational programs. While our clients are financial service providers, our mission is to engage consumers – women who are marginalized by financial systems.
Women’s World Banking and WWB Asset Management is an equal employment opportunity for all regardless of race, color, citizenship, religion, national origin, sex, sexual orientation, gender identity or expression, age, disability, veteran or reservist status or any other category protected by federal, state or local law.