|Job Title||Investment Manager – Equity|
|Workplace (geographic location)||Asia (Phnom Penh or other Asian locations)|
|Reports to:||Regional Director East and South East Asia (Phnom Penh Office) and Head of Equity (Head Office)|
|Incofin Investment Management (Incofin IM) is an international impact investor with 20 years track record in promoting financial inclusion, particularly in rural areas and in the agricultural sector, and is now expanding its mandate into new sectors such as safe drinking water. The investments of Incofin IM target both financial and social/environmental positive impact. The assets under management by Incofin IM amount to more than 1 Billon US Dollars. The portfolio under management includes investments in over 200 institutions in more than 50 countries worldwide.
As a team, we are determined to achieve impact in emerging economies combined with a healthy and sustainable return. We believe in what we do. We are a team owned company, investing in our own funds. Our values are: entrepreneurial, generous, transparent, practical.
|II. POSITION PURPOSE|
|Globally 2.2 billion people do not have access to safe drinking water and half of the world’s population is projected to live in a water-stressed area by 2050. While people generally acknowledge access to safe drinking water is a fundamental human right, the sector has been underinvested by the private sector – according to the Global Impact Investing Network, only 7% of the total impact assets under management in 2019 were allocated to the WASH sector of which drinking water is a subset. The sector’s funding comes predominantly from governments and donors, which usually does little to strengthen governance or encourage the development of financially sustainable business models. To achieve SDG 6 by 2030, the private sector has to play a bigger role in identifying viable safe drinking water solutions and scaling them up.
In this context, Incofin is launching a new initiative that provides equity investments to scale access to safe drinking water in developing Asia, Africa, and Latin America. The successful candidate defines and leads the investment stratey development and execution of the fund with a regional focus on Asia. The position has a dual mandate to maximize investor value and contribute to a more inclusive society.
III. PRINCIPAL ACCOUNTABILITIES
1. As part of a specific investment mandate related to access to safe drinking water, work closely with the Fund Manager to develop a “Safe Water” investment stratety (global) and build a relevant pipeline in developing Asia.
2. These accountabilities include:
a) Help design or refine investment strategies, including investment process templates, etc.
b) Work on the marketing materials (pitch deck, business plan, excel based financial model etc.) for fundraising and support the Fund Manager/ Business Development team in the fundraising process
c) Build a network to facilitate deal sourcing and relationship building (potential) clients and other stakeholders, such co-investors and network players
d) Identify equity investment prospects and build pipeline to generate portfolio to the investment funds expected
e) Analyze financial statements, business plans and assess financial projections as inputs for decision making for the investment team
f) Lead the due diligence of possible investment prospects with the purpose of preparing an investment proposal to the investment committee
g) Lead the negotiations of investment conditions (ie. price, shareholders rights, representation in corporate governance) looking forward in obtaining the best financial and social returns for the investors
h) Present and defend proposals before the investment committees to obtain and execute its approvals
i) Lead the closing of transactions, together with the legal area (contracts), to ensure that the conditions agreed are included in the documents
j) Manage the equity investments through the participation in board of directors and/or shareholders assemblies to maximize the investment value as well as monitoring of investment performance. Bring in technical assistance or other capital plus elements to support the value creation
k) Lead timely exit of equity investments to generate value to the investors
l) Keep abreast of economic, financial and political developments in the region
3. Collaborate within and across regions to pursue the best standards in PE practice.
4. Represent Incofin before different stakeholders to support the positioning of the company’s brand.
|IV. BUDGET DIMENSIONS (EXPRESS ANNUALLY )
Identify economic dimensions where job has incidence
|· Disburse 2-3 transactions of 1-10m USD ticket size
· Lead financial value creation of existing investees in order to reach Funds’ IRR expectations
· Along with the Impact Taskforce team, lead social impact value creation of existing investees in order to contribute to Fund’s relevant UN SDG goals.
|INTERNAL (within the company but not in the same department)||PURPOSE|
|Regional Director / Equity Fund Manager||Coordinate equity investments progress|
|Chief Investment Officer||Update development of portfolio against goals|
|Director PE Operations||Coordination of equity investments and value creation|
|COO / Finance Department||Present investees’ valuation to Funds’ Valuation Committees|
|Legal||Coordinate legal documentation for the execution of transactions. Coordinate other legal tasks related to transaction and investee needs.|
|Risk & Compliance||Complete risk management and compliance activities as per policies. Exchange information on country and investee risks.|
|Impact||Exchange on impact appraisal processes/results, co-create an impact value creation plan for each investee.|
|Technical Assistance||Coordinate any technical assistance activities related to investees or sector inviatives in countries of responsibility.|
|Business Development||Support market intelligence gathering and communications activities necessary for business development and fundraising.|
|EXTERNAL (organizations or persons outside the company)||PURPOSE|
|Fund Investment Committees
|Report status of investment pipeline and present investment proposals|
|Board of directors Investees
|Leverage directorship to influence the Board and Management to drive value creation and impact goals|
|Position the Company in the market
|Development Finance Institutions and other impact investors||Industry initiatives and potential co-investing|
|REQUIRED EDUCATION||Master´s degree in finance or economics or a related field|
|REQUIRED KNOW HOW||Equity portfolio management, investment strategy development, people management and external exposure to local authorities. Deep knowledge of Asian economies|
|REQUIRED EXPERIENCE||7+ years in equity investment, transaction experience from origination to exit, board and shareholder representations. Extensive network of potential investees.
Preference will be given to candidates with prior experience in the water sector.
|REQUIRED CHARACTER||· Hands-on, analytical, empathetic, creative and team player, passionate and commited to inclusive progress.
· Excellent business analysis and accounting/financial skills
· Proficient in MS Office and particularly in financial modelling in MS Excel
· Excellent business analysis and accounting/financial skills
· Good in assessing people and their skills
· Good communication skills
· Entrepreneurial approach and an experienced team player
· Willingness for up to 50% of travel time
· Passionate about investing in underserved segments and its potential to solve real problems
· Very clear cultural and professional fitness with Incofin’s vision and mission
· Outspoken commercial talent to deal with investors and can transmit the enthusiasm of investing in inclusive business solutions
· Inclusive and a genuine team player, who avoids self-promotion
· Adhere to high ethical standards
|PROCESS||· CV + Cover letter
· 2 references