Fund Programme Specialist: JET-IP Office (24 Months) needed at IDC

Qualifications:

• Minimum qualification: relevant commercial or technical Honour’s Degree or equivalent qualification.
• MBA or Master’s Degree would be an advantage.

Knowledge and Experience Requirements:

• 5 to 8 years of relevant experience within financial services preferably within a development finance institution. Additionally experience in venture capital and early- stage investment will be an added advantage.
• Broad financial experience including, but not restricted to, appraising, negotiating and closing Project Finance, Corporate Finance or Structured Finance transactions or acting in a debt and/or equity instrument sales and distribution role in a financial institution.
• Experience in syndicating investment deals of appropriate sizes in relevant sectors/geographies in SA and/or Africa.
• Experience with Tax issues/matters/implications associated with grant and official development assistance (ODA) funding.
• Experience in repackaging assets and distributing risk to capital market investors.
• Understanding of the Development Finance Environment and the Just Energy Transition.
• Grounded experience on development issues.
• Strong networks and relationships with clients, global and regional private investors and banks in order to distribute viable projects/investments.
• Experience in developing/reviewing and using corporate/project/structured finance financial models.
• Experience with raising grant funding and managing grant programmes for investment in SMEs and Large projects, early -stage enterprises and technical assistance support.
• Comprehensive knowledge of the complex financial and regulatory environments across.
• Strong customer focus and ability to engage effectively with senior officials of banks, corporates and governments.
• Experience working in a high-level collaborative and culturally diverse environment.
• Ability to manage multiple competing priorities while building effective relationships.
• Extremely organized and persistent, with drive and determination to achieve goals.

Financial and Fund Management Support

• Assist with the design, establishment and operationalization of funds and programmes.
• Assist with the management of performance of funds and programmes against key deliverables, budget and timeframes.
• Analyse the existing pipeline of green funders, with a focus on NEVs and GH2 and create a database for the JET-IP NEV and GH2 Office. Green funds are of particular importance to the JET-IP work.
• Collaborate with outside funders on developing creative models for partnerships and co-funding.
• Provide critical feedback on the suitability of all potential funding instruments.
• Liaise with the JET Project Management Unit (PMU) in the Presidency regarding funding and the JET Financing platform.
• Market the IDC’s JET-IP NEV and GH2 office to the widest possible group of financiers that provide funding for JET/Impact-related programmes in NEVs and GH2 including Development Finance Institutions, Export Credit Agencies, commercial banks, African financial institutions, African multilaterals, insurers and other financial institutions.
• Liaise with the IDC Partnership and Programmes Unit and Financial Management and other relevant internal departments for all matters related to green funds and disbursements thereof.
• Provide support to the JET-IP Office at the IDC and other relevant units to structure agreements optimally, based on sound business principles.
• Set up new funds or financial instruments as required within the NEV and GH2 value chains in collaboration with other funders.

Roles and Responsibilities

Internal/Operational Processes

• Provide support to the JET-IP Office in identifying and facilitating investments through financial partnerships in the continent.
• Develop and periodically update debt and equity investor as well as preferred transferee databases.
• Compile reports/submissions for internal approvals for IDC participation in third-party funds related to JET NEV or GH2.
• Collaborate with other IDC Divisions and/or Business Units, as appropriate, to develop appropriate funding instruments and programmes to support JET Implementation plans.
• Compile and issue and/or collate client and/or investor Expressions of Interest and fund term sheet(s).
• Originate and manage the process and provide input and collaborate with other IDC Divisions and/or Business Units, as appropriate, in the drafting/negotiation/execution of programme/fund mandates.
• Collaborate with other IDC Divisions and/or Business Units to perform fund/programme structuring, investment case development and documentation and internal investment case presentation at governance/approval committees as appropriate/required.
• Collaborate with other IDC Divisions and/or Business Units during the programme/fund design Feasibility Study phase to provide input regarding the structuring and packaging of transactions for bankability.
• Develop and/or review and update transaction teasers/Information Memoranda and financial models for corporate/project/structured finance transactions in collaboration with the Coverage, Transacting, Credit and Sector Specialist Business Units.
• Prepare and conduct pitch deck presentations to funders/grants providers and third parties, on request.
• Arrange, schedule and facilitate debt and equity client/investor road shows.
• Organise and coordinate signing ceremonies, as appropriate.
• Identify, secure and assign senior/junior syndicate participants, including setting and making pro-rata debt.
• Coordinate syndicate participants in all transactions where IDC is appointed Mandated Lead Arranger (MLA) (or co-MLA).
• Create and populate physical or electronic transaction data room(s) and collaborate with other IDC Divisions and/or Business Units to manage information.
• Collaborate with other IDC Divisions and/or Business Units, as appropriate, to collect and publish Conditions Precedent documentation as required.
• Collaborate with other IDC Divisions/Units in the execution of all pertinent documents to close funding/programme for implementation.
• Ensure that work is carried out in accordance with the IDC’s systems and procedures.

Roles and Responsibilities (cont.)

Technical Financial Support

• Fund and programme financial evaluation and assessment.
• Project scoping and design of assessment Terms of Reference.
• Financial management tools and methodologies to enable Fund and Programme execution.
• Oversight and financial management of Fund and Programme Portfolio.
• Guidance on project execution for success to accelerate progress.
• Monitoring and Reporting impact.
• Development of policies and procedures for Fund administration and management.

Customer Focus & Stakeholder Management

• Build influential relationships and networks and collaborate with internal and external key stakeholders, including the JET PMU.
• Manage relationships with local/international banks, Development Finance Institutions, Export Credit Agency, and non-bank financial institutions. Particularly institutional debt and /or equity syndication and distribution desks.
• Retain and manage relationships with a wide network of professional advisors, consultants and deal originators active in the syndicated loan markets.
• Manage and enhance the levels of service and communications to ensure the provision of client service excellence

 Learning, Leadership & People Growth

• Stay abreast of syndication and distribution market trends and developments. In particular, new (structured) products and services offered by competitors and associated deal flow in sub-Saharan Africa.
• Participate in knowledge sharing in the team and cross functional knowledge sharing.
• Coaching and mentoring of team members.