Grameen Foundation : Get involved : Career Opportunities : Employment opportunities : Investment Manager
Investment Manager
Reports to the General Manager
Supervises the Financial Analyst
Based: Dubai
Position is for Grameen-Jameel Pan-Arab Microfinance Limited
Company Background and Mission:
Grameen-Jameel Pan-Arab Microfinance Limited is a social business jointly owned by Grameen Foundation and Abdul Latif Jameel Group. The company’s core objective is poverty alleviation in the Arab world through microfinance. Grameen-Jameel’s vision is to reach one million new active microfinance clients in the Arab world by 2011. In order to achieve this, the company forms strategic partnerships with microfinance institutions (MFIs) throughout the region who share its values: commitment to reaching women and the poorest; aggressive growth plans; and financial sustainability. Grameen-Jameel supports its Partners by delivering a suite of customized products and services, and provides financing through its $50 million Grameen-Jameel Guarantee Fund. Currently, Grameen-Jameel has 12 Partners in Morocco, Tunisia, Egypt, Lebanon, Jordan, Yemen, and Saudi Arabia. The company is incorporated in Cyprus with an International Humanitarian City branch license in Dubai.
Grameen Foundation is a global non-profit organization based in Washington, DC that combines microfinance, technology, and innovation to empower the world’s poorest people to escape poverty. Founded in 1997 with the support of Nobel Laureate Professor Muhammad Yunus, GF has a global network of 52 partners in 22 countries.
Abdul Latif Jameel Group, based in Jeddah, Saudi Arabia, is one of the Arab world’s most successful and respected business groups. Founded in 1945 by the late Sheikh Abdul Latif Jameel, the company was granted sole distribution rights for Toyota vehicles in Saudi Arabia ten years later, which it has maintained ever since. ALJ has a very active community services program with emphasis on education, training and development.
Job Description:
The Investment Manager is responsible for the development and delivery of financial products and services offered to Grameen-Jameel’s MFI Partners. The Investment Manager administers and oversees the $50 million Grameen-Jameel Guarantee Fund, including origination, structuring, and closing. The Investment Manager recommends appropriate types of financing and assists MFIs in obtaining commercial financing, and oversees MFI progress against business plan targets and financial covenants. In addition, the Investment Manager develops innovative financing new products for MFI Partners, such as convertible debt and equity instruments.
Essential Job Functions:
• Originates and structures commercial debt financing supported by partial credit enhancement from Grameen-Jameel
• Leads transactions and deal flow under the Grameen-Jameel Guarantee Fund;
• Presents transactions to Investment Committee for approval;
• Develops advisory services including treasury management, cash management, capital structure, etc to support commercial financing needs of Partners;
• Leads bank roadshows and marketing of financing products;
• Participates in wide range of transaction types for MFIs, including off-balance sheet financings, term financing, private placements, and quasi-equity;
• Oversees dealflow pipeline and database of partner performance data and partner investment portfolio;
• Works with General Manager and Program Manager to develop additional financing products to meet the needs of existing and prospective MFI Partners;
• Represents company at industry investment events; delivers presentations and participates on panels as needed;
• Networks with Microfinance Investment Vehicles (MIVs) and stays abreast of equity and debt fund activities;
• Participates in development and updating of company’s business plan;
• Supervises Financial Analyst;
• Reports activities and challenges to supervisor on regular basis;
• Other duties as assigned.
Required Knowledge, Skills, and Abilities:
• Fluency in English; Arabic and French abilities preferred;
• Willingness and ability to travel to other countries in the Middle East & North Africa 30% of the time;
• Ability to work in a team environment to service MFI Partners;
• Excellent interpersonal and intercultural communication skills;
• Proven financial analysis and modeling skills;
• Strong time management skills and ability to manage various projects concurrently;
• Takes initiative and does not require constant supervision or instructions to get job done;
• Commitment to eradication of poverty in the Middle East & North Africa.
Education and Experience:
• Master’s of Business Administration (MBA) degree required;
• Chartered Financial Analyst (CFA) preferred;
• Seven or more years of work experience in similar position in investment banking, finance, or private equity;
• International and emerging markets work experience preferred.
Start Date: Immediate
To apply, please send a resume and cover letter with the following items to jobs@grameen-jameel.com:
1) An explanation of why you want to work for Grameen-Jameel; and 2) An explanation of how your skills and experience are a good match for this position.
No phone calls, please.
Grameen Foundation : Get involved : Career Opportunities : Employment opportunities : Investment Manager
Grameen Foundation uses microfinance and innovative technology to fight global poverty and bring opportunities to the world's poorest people. With tiny loans and financial services, we help the poor, mostly women, start businesses and escape poverty. Our global network of 55 microfinance institution (MFI) partners including our Growth Guarantee partners has touched more than 34 million people in 24 countries. In addition, we introduced and now sustain technology initiatives (Mifos and Village Phone) in Cameroon, Kenya, Rwanda, and Uganda, bringing our total country outreach to 28.
+1-202-628-3560 www.grameenfoundation.org
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