Job Description
Roles and Responsibilities
- The role and responsibilities of the Principal Investment Officer will include, but will not be limited to:
New Business
- Lead Support and drive business development in the specific region in line with FIG’s strategic equity and convertible debts investment themes
- Understand and analyze macro developments and industry-level developments in the respective countries and think through how they might offer opportunities (or present risks to be mitigated) for FIG to consider equity and convertible debt investments
- Develop and leverage extensive networks with industry players and other investors, and working closely with the global equity team regional industry management, make pitches as appropriate, to create a healthy flow of early equity and convertible debt leads and then work with colleagues to refine them and identify an investable pipeline
- For new equity and convertible debt investments, work closely with the global equity team and articulate: (i) Investment thesis;(ii) Investment structure and valuation; and (iii) Equity management plan including exit strategy
- Lead execution of equity and convertible debt investments, and provide expertise and guidance to teams executing smaller investments
- Provide inputs to, and incorporate guidance from Regional Industry Managers, Regional Industry Heads, Global Equity Heads, and other management members to develop and execute a profitable equity investment program
- Follow quality standards, structure robust equity and convertible debt investments, and set return targets for such investments
Portfolio Management and Value Creation
- Take leadership and responsibility in managing high-value/complex equity and convertible debt portfolio, including exit strategy formulation and exit execution, working closely with deal teams, the global equity team, and the Africa FIG Management
- Drive value creation at investee companies
- Devise and execute equity sales ensuring consistency with portfolio strategy
- Provide expertise and guidance to teams in managing smaller equity and convertible debt investments
- Support Regional Industry Managers in ensuring that the right candidates are appointed as nominee directors on the boards of IFC investee companies and assess their performance
Selection Criteria
- A Master's degree or equivalent professional qualification in finance or business and a minimum of 15 years of investment experience
- Minimum five years of active private equity/ convertible debt/ investment experience at a private equity or debt fund setup, in-house private equity team of a reputable asset manager, or private equity investment teams of sovereign wealth funds, etc.
- Proven track record in sourcing, leading, negotiating, executing, and exiting private equity and convertible debt investments. FIG equity investment experience in the Africa Region is a plus
- Strong network of contacts among reputable M&A firms, investment banks, financial institutions, private equity firms, institutional investors et
- Sound investment judgment, demonstrated ability to deliver high-quality work and results under time pressure
- Ability to develop innovative solutions and challenge the status quo to build the business
- Recognized as a Good team player strategic thinker and thought leader
- Strong written and verbal communication skills; Fluency in English essential
- Ability to collaborate closely with development finance institutions, banks, microfinance institutions, non-bank financial institutions, and other strategic, financial, or institutional investors
- Ability to develop and manage relationships with C-Suite professionals, board of directors, and shareholders of investee companies
- Strong sense of service to clients and demonstrated business development aptitude
- Good “deal sense” based on demonstrated strong analytical skills and sound business judgment, especially in Equity and Convertibles debt investments
- Willingness and flexibility to travel and work across time zones