Investment Manager

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 Investment Manager at FEDA, you will play a pivotal role in each stage of the investment process for our Direct Investment Fund strategy. This role involves leading the assessment of potential investments, overseeing financial analysis, driving deal structuring and negotiation, managing due diligence, and monitoring portfolio performance. You will also work closely with cross-functional teams, guiding the drafting of concept papers for various projects. The ideal candidate should possess exceptional analytical skills, a deep understanding of the private equity sector, and experience with direct investments, particularly in Africa. An ability to excel in a dynamic and fast-paced environment is crucial.

Duties and Responsibilities:

• Lead and manage the investment team through all phases of the investment process and the funds’ life cycle, including deal origination, evaluation of investment opportunities, participation in investment committees and board meetings, portfolio company management, exit strategies, and fundraising activities.
• Conduct thorough risk assessments, identify opportunities, and evaluate the potential merits of investments or innovative greenfield projects.
• Lead comprehensive financial analysis, modeling, and valuation to evaluate potential investment opportunities and perform portfolio monitoring.
• Oversee the deal structuring process including analyzing investment terms, preparing term sheets and investment memos, leading negotiations and coordinating deal execution meetings.
• Conduct in depth due diligence on target companies, including interactions with executive management and research industry trends, competitive landscapes, and financial performance.
• Coordinate with due diligence advisors, review their deliverables and present findings to FEDA’s management and investment and strategy committee.
• Evaluate and report on the performance of portfolio companies, identifying key performance indicators and suggesting improvements. Monitor value-creation plan including ESG action plan for portfolio companies.
• Prepare monthly and quarterly investment reports to FEDA’s governance (Executive Management, Board, Investors etc.)
• Stay informed on market trends, regulatory changes, and economic factors that impact FEDA’s investments.
• Assist in fundraising efforts, including creating marketing materials and participating in investor meetings for portfolio companies or FEDA’s funds.
• Undertake additional responsibilities as 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:

• Master’s degree in finance, economics, banking, engineering, sciences, or a related field with a strong academic performance.
• Minimum 7 years of work experience, 5 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.
• Proficiency in and extensive experience with the 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.