About FEDA: The Fund for Export Development in Africa (“FEDA”) is a $1 billion multi-investment platform and the impact investment subsidiary of Afreximbank. It was set up to provide equity, quasi-equity, and private credit capital to finance the multi-billion-dollar funding gap (particularly in equity) needed to transform the trade sector in Africa.
FEDA pursues a multi-sector investment strategy along the intra-African trade, value-added export development, and manufacturing value chain, which includes financial services, technology, manufacturing, transport & logistics, agribusiness, creative industry as well as ancillary trade enabling infrastructure such as industrial parks.
About Afreximbank: African Export-Import Bank (Afreximbank) is a Pan-African multilateral financial institution mandated to finance and promote intra-and extra-African trade. For 30 years, the Bank has been deploying innovative structures to deliver financing solutions that support the transformation of the structure of Africa’s trade, accelerating industrialization and intra-regional trade, thereby boosting economic expansion in Africa. A stalwart supporter of the African Continental Free Trade Agreement (AfCFTA), Afreximbank has launched a Pan-African Payment and Settlement System (PAPSS) that was adopted by the African Union (AU) as the payment and settlement platform to underpin the implementation of the AfCFTA. Working with the AfCFTA Secretariat and the AU, the Bank is setting up a US$10 billion Adjustment Fund to support countries to effectively participate in the AfCFTA. At the end of December 2023, Afreximbank’s total assets and guarantees stood at over US$37.3 billion, and its shareholder funds amounted to US$6.1 billion. The Bank disbursed more than US$104 billion between 2016 and 2023. Afreximbank has investment grade ratings assigned by GCR (international scale) (A), Moody’s (Baa1), Japan Credit Rating Agency (JCR) (A-) and Fitch (BBB). Afreximbank has evolved into a group entity comprising the Bank, its impact fund subsidiary called the Fund for Export Development Africa (FEDA), and its insurance management subsidiary, AfrexInsure, (together, “the Group”). The Bank is headquartered in Cairo, Egypt.
Job Summary: As an Assistant Investment Manager, you will assist the investment team across each stage of the investment process, for each of FEDA’s funds strategies but with a focus on its strategic initiatives fund strategy ($250 million fund strategy dedicated to high impact greenfield investments in critical sectors). You will be responsible for assessing potential investments, conducting financial analysis, supporting deal structuring and negotiation, performing due diligence, and monitoring portfolio performance etc. You will also collaborate with cross-functional teams to support the drafting of concept papers for innovative projects. Additionally, you will support the operationalization, capital deployment, fundraising, and ongoing monitoring and governance of the AfCFTA Adjustment Fund, ensuring its effective implementation and impact.
The ideal candidate possesses very strong analytical skills, a solid understanding of the private equity sector and greenfield investments in Africa, and the ability to thrive in a dynamic and fast-paced environment.
Duties and Responsibilities:
- Support the investment team across each phase of the investment process and the funds’ life cycle including in the areas of deal origination, evaluation of prospective investment or new initiatives, investment committees, Board or internal presentations, portfolio company management, exit strategies and fund-raising activities.
- Support the investment manager with assessing risks, opportunities, and potential merits of proposed investments or innovative greenfield projects
- Conduct comprehensive financial analysis, modeling and valuation to evaluate potential investment opportunities and perform portfolio monitoring.
- Support the deal structuring process by analyzing investment terms, preparing term sheets and investment memos, and participating in negotiations. Take charge of organizing deal execution meetings with active follow-up on implementation of key decisions.
- Perform due diligence on target companies, including meeting with executive management, researching industry trends, competitive landscapes, and financial performance. Support the Investment Manager in coordinating due diligence advisors, play an active role in reviewing their deliverables and presenting it to FEDA’s management and its investment and strategy committee.
- Support Investment Manager with development, implementation and monitoring of value-creation plan including ESG action plan for portfolio companies
- Monitor and evaluate the performance of portfolio companies, identifying key performance indicators and providing recommendations for improvement.
- Prepare monthly and quarterly investment reports to FEDA’s governance (Executive Management, Board, Investors etc.)
- Stay updated on market trends, regulatory changes, and economic factors that may impact FEDA
- Assist in fundraising efforts, including creating marketing materials and participating in investor meetings for portfolio companies or FEDA’s funds.
- Support the activities of the AfCFTA Adjustment Fund by conducting financial analysis, due diligence, structuring, portfolio monitoring, and assisting in fundraising and governance matters.
- Perform other duties assigned by Management.
Skills and Competencies:
- Analytical Thinking: Ability to dissect complex financial information, identify key trends and insights, and draw logical conclusions.
- Financial Modeling: Proficient in building and utilizing financial models to assess investment opportunities, forecast financial performance, value an investment, and evaluate risk.
- Research and Due Diligence: Skilled in conducting comprehensive research, analyzing market trends, and performing due diligence on potential investments.
- Attention to Detail: Strong focus on accuracy and precision in financial analysis, data interpretation, and report preparation.
- Communication: Excellent written and verbal communication skills in English, with the ability to effectively articulate investment recommendations and complex financial concepts.
- Adaptability: Ability to thrive in a fast-paced and dynamic environment, managing multiple projects and priorities effectively with strong work ethic.
- Teamwork: Collaborative mindset, excellent interpersonal skills with the ability to work effectively within a team and across departments.
Qualifications:
- Bachelor's degree in finance, economics, banking, engineering, sciences, or a related field with a strong academic performance. An MBA/MSc in finance, economics, accounting or banking will be an added advantage
- Minimum 5 years of work experience, 3 of which in investment banking, private equity, or a similar financial role is highly desirable.
- Strong understanding of financial analysis techniques, valuation methodologies, and investment principles.
- Proficient in financial modeling, Excel, and other relevant analytical tools.
- Strong problem-solving and critical-thinking skills, with the ability to analyze and interpret complex financial data.
- Familiarity with legal and regulatory frameworks governing private equity investments.
- Exceptional attention to detail and a commitment to accuracy in financial analysis and reporting.
- Excellent written and verbal communication skills, with the ability to present complex information in a clear and concise manner.
- Ability to work effectively in a team-oriented environment, collaborating with professionals from diverse backgrounds.
