Investment Associate Principal
Employer: Open Society Foundation
- Reference: OSF/17/40723
- Published on: Thu 10/08/2017 12:25 PM
- Closing on: Thu 07/09/2017 23:59 PM
- Working Pattern: Full Time, Permanent
- Salary: Competitive rates of pay apply
- DBS Check: No
- Location: Westminster
The Economic Advancement Program (EAP) is a new global program of OSF. The mission of the EAP is to increase economic opportunity for the marginalized in ways that promote inclusive, open and prosperous societies. Economic power may be wielded to oppress or liberate, just as potently as political power. The Economic Advancement Program works to bend the exercise of economic power towards social justice.
EAP has two overarching goals:
- enhancing the capacity and agency of economically marginalized populations; and
- increasing openness and equity in the economic and business systems in which they live and work.
The program deploys capital in the form of private sector investments – having integrated the Soros Economic Development Fund (SEDF), which previously was run separately from the Foundations. But private capital is rarely the only, or even the most important, constraint in addressing social and economic injustice. EAP also uses grants to support civil society, economic policy advocacy to influence government, stakeholder engagement to build coalitions, and collaborates closely with other OSF thematic and geographic programs to accomplish its work. In short, because economic systems are complex, the Program takes an integrated approach to intervention
The EAP is looking for an investment professional to support its capital deployment activities in the role of Investment Associate Principal. This role will report to the Director of Investments of EAP. The role will be based in London, and require substantial travel worldwide. The individual would participate in all aspects of the business including identifying potential transactions, evaluating and structuring of equity and debt investments, evaluating the business environment in target countries, evaluating the skills and skill gaps of potential entrepreneurs, assisting in portfolio monitoring efforts, and preparing presentations for internal and external parties.
Priorities for the role include:
- preparing detailed financial analysis and modelling
- Take part in the due diligence process
- Collaborating with colleagues and partners inside and outside the Open Society Foundations, other thematic programs, regional programs and foundations, and the many other departments, units, boards, and entities within OSF
- Remaining up-to-date on the trends, debates, and innovations in the fields of economic development and social-impact investing, and maintaining familiarity with the individuals and organizations that play significant roles in those fields.
- Maintaining knowledge of subject matter
The successful candidate will combine multiple critical skills: substantive experience in identifying, evaluating, structuring, negotiating and documenting both debt and equity investments, deep knowledge of at least one emerging market region, strong diplomatic skills and a naturally collaborative approach. S/he must come from an investing background and have exceptional diplomatic skills as well as experience of working with and through peers in complex and uncertain stakeholder environments. In addition s/he should have an understanding of and passion for economic development, and potentially, but not essentially, some experience in impact investing and/or economic development. Interest and intellectual engagement at the intersection of investing and economic development, as well as in the other themes prominent in the mission and work of the Open Society Foundations, will be a great advantage.
The successful candidate will be a proficient writer and speaker in English. Proficiency in other languages will be an advantage. S/he must have demonstrated skills as a team player. The candidate should expect to be traveling frequently throughout the world, and will be expected to manage responsibilities across substantial distances and collaborate internationally.
Viable candidates must demonstrate the following critical competencies:
- Transaction execution skills: Candidates will ideally have a strong track record, at least 7 years, in transaction execution, with a strong focus of investments in real assets, including successfully handling all stages of an investment; financial modelling, analysis, due diligence, company valuations, preparing investment memorandums, structuring alternative sources of funding, managing advisors, finalizing documentation, negotiating, closing the investments, monitoring and repairing investments, realizing a financial return trough the generation of dividends, recapitalizations and/or sales.
- Sector / Geography knowledge: Candidates will ideally have at least a 3 years track record in executing transactions in emerging markets and/ or in the following sectors: Agri-Business, Financial Services and Technology.
- Collaborating and influencing. The candidate must have a demonstrated ability to work across organisations to influence others. S/he should be able to build relationships with a range of stakeholders – internal and external – and identify their needs, perspectives and priorities. S/he will be able to build alliances and work collaboratively in formal and informal settings, as well as fostering an environment of collaboration within the EAP team by supporting the professional development of junior team members.
- Results-/Impact-orientation. Candidates must have demonstrated the ability to maintain ultimate focus on achieving meaningful and measurable impact and results. S/he must be able to prioritize effectively towards desired outcomes in highly complex and uncertain environments.
Salary: Competitive rates of pay apply
Application deadline: 2017 September 7th
The successful candidate will demonstrate a high energy level and be excited by the opportunity to be on a growing team in a flexible and fluid environment. They will be self-motivated, comfortable with ambiguity and able to set direction, maintain progress and adapt in this context. Demonstrated cross-cultural competence and substantial life experience in multiple cultures are essential. Diplomatic and problem-solving abilities, self-confidence, patience as well as broad intellectual curiosity, comfort with robust debate, and a good sense of humour will be advantageous. Candidates should be eager for continued professional and intellectual growth and committed to the professional development of grantees, partners in the field, and colleagues.