Manager, Development Impact – Investment, Funds and Capital Partnerships
London or India
* CDC is the UK’s development finance institution. Founded 70 years ago, we invest in the most challenging markets of Africa and South Asia with the aim of supporting economic development. CDC has net assets of £5.1bn, with over 1300 growing businesses in the portfolio.
* Last year we committed over £1 billion of capital across 50 transactions.
* 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 to three years.
* We are expanding our presence in Africa and South Asia with further new offices openings in 2020.
* 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 400 and place immense value on diversity within our organisation.
* Read more about us on our website www.cdcgroup.com
Team and role overview
* CDC’s Development Impact Management team is market-leading and provides technical leadership to assess, manage and evaluate the impact of our investments. CDC’s objective is to push the boundaries in impact management within a world-class impact framework. We take an active approach to impact management, utilising an impact management framework based on the Impact Management Project’s consensus and the Operating Principles for Impact Management.
* We embed impact professionals within our investment teams working side by side to actively manage the impact of every investment we make. This approach is designed to create deals teams with the professional capability and expertise to reflect our mandate to improve people’s lives and make a financial return.
* CDC’s Development Impact Management team is made up of 14 people and operates a matrix structure of Managers organised by product or region (e.g. equity, funds & S. Asia) supported by embedded leads for each sector (e.g. food & agriculture, financial institutions etc) and generalists who work across products, sectors and regions.
* This role will be an Executive for the Funds and Capital Partnership (FCP) team, which includes private equity, intermediated credit, venture capital and climate funds.
* This role will report to the Manager, Development Impact – Investments FCP, and can be based in either our London office or our Bangalore office.
The role is focussed on delivering effective and high-quality impact management consistent with CDC’s Impact Framework for the FCP portfolio. Specific responsibilities will be driven by priorities and the dynamic needs of the team at the time, but are expected to include the following:
* Responsibility for delivery of impact management for the FCP pipeline and portfolio (resourcing is supported by generalists based in London) across different verticals (private equity, private debt, venture capital, climate funds and capital partnerships) and all geographies:
• Contact point for investment teams and delivering the workplan for the team.
• Responsible for product frameworks and tools including identifying and developing these. The development of tools and benchmarks are a current priority.
• Development and delivery of strategies for the team ensuring consistency with CDC wide strategies and frameworks.
* Delivery of impact management activities for CDC’s FCP portfolio. The role is expected to have full visibility of verticals of the portfolio and will deliver impact management for the portfolio:
• Assessing development impact as part of the investment due diligence process. Working seamlessly with investment team colleagues to inform the investment decision and define the impact objectives.
• Developing a high-quality development impact dashboard for each investment based on the Impact Management Project’s consensus which will involve desk research, facilitating discussions, due diligence and managing external suppliers where necessary.
• Defining the monitoring plan for the investments and collecting the impact metrics to track actual impact of investments, ensuring analysis is timely and high quality.
• Assessing how investments are performing against their initial development objectives, determining when course corrections are required and completing exit reviews, feeding back learning to the investment team and the broader organisation
• Support actively managing investments to enhance the impact by participating in the design and implementation of initiatives and partnerships.
• Support and contribute to the wider Development Impact team:
• Support the continual development of CDC’s impact management framework ensuring tools, systems and capabilities remain world class.
• Coaching of generalist resources to ensure all activities within the sector are consistent with sector approach. Developing the overall capability and team effectiveness of the Development Impact team.
• Contribute to cross-cutting tools, systems and policies.
* Strong academic credentials. Preferably a Master’s in Economics, Development Economics or equivalent analytical post graduate degree.
* Strong work experience in a relevant field, preferably with a good grounding in development impact management with a private sector mindset.
* Work experience in developing countries, preferably in South Asia.
* Practical understanding of impact management, private sector development and how to achieve development outcomes through investment.
* Knowledge and experience of impact management for intermediated investment structures (private equity funds, venture capital funds, intermediated credit) is an advantage.
* Understanding of underlying commercial strategies and ability to consider development impact in a lean and pragmatic manner.
* Excellent analytical and problem-solving skills. Confident dealing with complexity and can combine objective quantitative analysis with expert qualitative judgment.
* Confident in managing data and collating and presenting evidence.
* Track record in task and time management: Organising self and supporting resources to meet agreed deadlines and drive productivity and cohesion.
* 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.
* Proven capability of effective team work.
* The role will require regular travel to our markets. Should the role be based in India, it would require travel particularly within South Asia to work with investees and to the UK to ensure consistency with colleagues in the Development Impact Management team and wider CDC Impact Group (including colleagues working on environmental and social issues, CDC Plus - technical assistance, and strategic priorities including climate change and gender). Some travel to Africa may also be required depending on business needs.
* 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 or sexual orientation.
Please provide a cover letter with your application
Salary: Competitive [RD1]