Are you ready for your next play? We are bold, respectful, and we deliver, with Impact. Our long-term vision is to raise, deploy and manage funds for climate change mitigation and adaptation that will play a transformative role in our target sectors.

Climate Fund Managers (CFM) is a leading climate-centric blended finance fund manager. We raise and deploy climate finance funds in partnership at scale and at pace. Through its award-winning model, CFM has created a blueprint for a new generation of climate financiers, whose collective impact can help end the climate crisis. CFM currently manages two emerging market infrastructure funds focused on climate change mitigation and adaptation: Climate Investor One, a c. USD 1 billion fund focused on renewable energy, and Climate Investor Two, a c. USD 1 billion fund focused on water, sanitation and oceans infrastructure. CFM is currently implementing further blended finance initiatives in the green hydrogen, power transmission and cities sectors focused on development, equity, debt and guarantee financial instruments.

Established in 2015, CFM is a joint venture between the Dutch Development Bank, FMO, and Sanlam InfraWorks, part of the Sanlam Group of South Africa with offices in The Hague, Cape Town, Singapore and Bogota.

Job Purpose

The Africa Investment Team is seeking an Investment Analyst (Intern) to provide support, primarily in the evaluation of new investment opportunities and the due diligence processes during deal and financing execution, however, the analyst will also be involved in portfolio monitoring.

This is a full-time opportunity in a unique and innovative scale-up environment with a result-based, not activity-based setting. We will give you the chance to build an excellent network while improving the skills necessary to succeed in either the public or private finance sector.

Duties and Responsibilities

Initial Deal Analysis:

• Conduct preliminary assessments and screenings of potential deals to determine suitability.

• Development and interpretation of project finance models, including use of VBA macros

Financial Analysis and Due Diligence:

• Assist with analysis of new investments by evaluating the terms, structures, and risks involved.
• Perform in-depth financial analysis of prospective investors, including analysis of financial statements, ratings and pricing assessments, cash flow projections, and capital structures.
• Conduct comprehensive due diligence, including industry research, competitive analysis, and assessment of management teams.

Investment Structuring and Documentation:

• Review of financial statements and valuations
• Create financial models, assess collateral, and analyzing documentation.

• Agreements; equity instruments: ordinary shares; preference shares, shareholder loans; mezzanine instruments.
• Drafting MOUs, joint development agreements and investment term

Portfolio Monitoring:

• Monitor the performance of existing portfolio investments, ensuring compliance with deal terms and covenants.
• Conduct regular reviews and updates of investor financials and risk assessments.

Market and Industry Analysis:

• Stay informed on market trends, economic conditions, and industry developments that could impact the private equity portfolio.
• Provide insights and recommendations based on market analysis and research of power / energy market/ water and sanitation / energy transition sector dynamics for companies operating across the region.

Reporting and Communication:

• Prepare detailed reports and presentations for internal committees and senior management.
• Communicate effectively with internal stakeholders, including senior management, legal, ESG and compliance teams.
• Monitor portfolio for any impairment indicators and manage a watchlist and or impaired list, coordinate with deal teams on restructurings, work outs and litigations.

Risk Assessment:

• Evaluate investment risk by analyzing information, identifying potential risks, and assessing the likelihood of borrower default.
• Develop detailed memos and risk assessments to support investment recommendations.

• Support the execution of development/primary/secondary market transactions - both new acquisitions and bolt-on acquisitions for portfolio companies

Collaboration:

• Work closely with other team members, including senior associates, portfolio managers, and analysts, to support investment decisions, share insights, and contribute to the overall success of the team.
• Provide ongoing support to portfolio teams regarding private credit matters.
• Collaborate with cross-functional investment teams across regions

Qualifications and Experience

• Experience in investment analysis, private equity, investment banking, or a related field.
• CFA, Honours or Master’s degree in business, commerce or finance, actuarial science or engineering.
• Strong analytical skills, including proficiency in financial modeling, valuation techniques, and risk assessment.
• Knowledge of markets, processes, policies, ratings tools, financial products, and regulatory frameworks related to private equity.
• Excellent communication skills, both written and verbal, for interacting with stakeholders and presenting investment proposals.
• Attention to detail and ability to perform thorough due diligence and analysis.
• Ability to work effectively in a fast-paced, deadline-driven environment and manage multiple tasks simultaneously.
• Proficiency in relevant software and tools, such as Excel, Bloomberg, and financial databases.
• A background in finance, economics, accounting, or a related field is typically required, with relevant work experience in credit analysis or investment management preferred.
• Effective communication and interpersonal skills, with the ability to interact confidently with senior executives, clients, and investors.

Behavioural Competencies

• Devotion to quality
• Performing under pressure
• Results oriented
• Organizational sensitivity
• Commercial drive
• Service oriented
• Analyzing and forming opinions
• Market orientation