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Investment Associate

Employer
Millar Cameron
Location
UK
Salary
Competitive
Closing date
15 Sep 2021

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Sector
Accountancy
Contract Type
Permanent
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Gridworks is a development and investment platform principally targeting equity investments in transmission, distribution and off-grid electricity across Africa. It is the first organisation of its kind in the market and is conducting pioneering work that is shaping the future of the power sector, predominantly in Africa.

Gridworks was founded in 2019 backed by the UK Government's development finance institution, CDC Group, to develop and invest in projects in the electricity transmission, distribution and the off-grid sector. CDC created Gridworks to support sustainable, efficient and reliable power sectors and unlock Africa's industrial and economic potential. So far, Gridworks has invested in a rooftop solar and storage company, and recently announced the signing of 3 solar backed utility concessions in DRC. The team is now planning to expand to support the execution a pipeline of further investments that it has been working on over the past two years.

The Associate will further strengthen Gridworks' investment and business development capabilities by taking responsibly for key transaction and project development related workstreams. The successful candidate will also work closely with more experienced colleagues on investment, due diligence, financial modelling and valuation projects throughout the full investment and development lifecycle. She or he will work across the T&D and Off Grid segments researching, evaluating and progressing investment opportunities across Africa.

Specific responsibilities will include:
  • Conducting research into regions, countries and specific segments of the African energy infrastructure sector. This will include sector mapping exercises, undertaking research into specific businesses or projects including traveling to meet management teams and advisers (when possible).
  • Proactively keeping up to date with T&D and Off Grid market developments and monitoring factors that can affect these markets, the opportunity pipeline and portfolio investments.
  • Identifying potential investment or market opportunities.
  • Filtering investment proposals for deals that fit the Gridworks' investment strategy and priorities.
  • Conducting financial due diligence, building or analysing financial models and conducting sensitivity analysis. Conducting detailed valuations on companies using various methods
  • Drafting reports to be presented to the Investment Committee for approval and actively contributing to these meetings.
  • Carrying out commercial and operational due diligence and the drafting and negotiation of key agreements.
  • Supporting the management of Gridworks investee companies, monitoring financial and operational performance, compliance with ESG and other standards.


The person:

Associates are likely to come from a background in infrastructure investment gained in an investment bank, DFI, infrastructure fund, utility or power project developer. They might also have developed experience in industry or with an advisory firm and further honed their financial analysis skills through relevant study at business school. They will have enough experience to operate independently and be productive quickly.

To apply for this role, ideally you will have the following skills and experience:

  • Knowledge and experience of African infrastructure investments and ideally key players, contracts and risk mitigants relevant to electricity projects.
  • Research, financial modelling and valuation experience.
  • Experience supporting complex due diligence exercises, ideally in an emerging markets context.
  • Proven transaction structuring and execution experience.
  • A working knowledge of project finance transactions and risk mitigation strategies.
  • Ability to establish relationships with key stakeholders and to build rapport with colleagues and partners.
  • Ability to articulate, draft and evolve views and papers on industry and company strategy.
  • Advanced modelling skills and knowledge of Excel.
  • Strong report writing and verbal communication skills, able to articulate a compelling argument.
  • A sharp intellect evidenced by a strong academic background that may include an MBA or post-graduate qualification.


Your reward:

This opportunity comes with a competitive base salary with annual bonus and long-term financial incentives. You will join a company engaged in personal and professional development and be involved in furthering the economic growth and social prosperity of Africa though improved access to sustainable energy.

For over 13 years Millar Cameron has specialised in sourcing leadership and keyperson talent across a number of industries, including agribusiness, power & infrastructure, international development, industrial, consumer and private equity.

Our mission and purpose are to positively contribute to the development of Africa, and other emerging markets, through people.
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