Investment Associate

Company/ Firm Name

British International Investment

Location

London, UK

Published Date

10 April 2022

About the job:

Division: Infrastructure and Climate Group


Application closing date: 08/05/2022



Our mission and objectives




British International Investment is the UK’s development finance institution, owned by the UK Government. We invest with the aim of solving the biggest global development challenges by investing patient, flexible capital to support private sector growth and innovation. We have over 70 years of experience successfully supporting the sustainable, long-term growth of businesses in Africa and Asia, and have recently expanded to invest in the Indo-Pacific and Caribbean.


We invest to achieve impact and a financial return which is then reinvested for more impact. Over the past five years, we have committed almost £7 billion of new investments, with our net assets growing in value to approximately £7.5 billion. We are now invested in 1,200 businesses which directly employ over 900,000 workers and support many more. Over the next five years, we plan to grow further, and aim to commit around £9 billion of new investments over the period.


Our new five-year strategy responds to the opportunities and challenges facing developing and emerging economies. To ensure our capital is used in the best way possible to meet these opportunities and challenges, it sets out three clear strategic objectives – to invest in productive, sustainable and inclusive development. These objectives mean an increased focus on climate finance, including investing in green infrastructure; on financing digital transformation; and on driving inclusive outcomes, including through gender and diversity finance. As part of our new strategy, we have changed our name to British International Investment (from 4 April 2022), to more accurately reflect our central role in the UK Government’s international financing offer.




Team overview



BII’s Infrastructure Equity Team is part of the Infrastructure & Climate Group which also consist of Project Finance, Infrastructure and Climate Funds and Energy Access & Efficiency teams. The Group focuses on making equity and equity like investments in sub sectors in infrastructure such as energy, transport, ports, mid-stream gas and water across Africa, Asia and into Indo-Pacific. This is an exciting time to join as Sustainability and Climate Finance is high on the agenda for BII in our 2022-26 strategy and the team is leading on the geographical expansion.





Role Overview



The Associate will support the work of the Infrastructure Equity team in origination, evaluation and execution of transactions and portfolio monitoring. This will include research and strategy work, initial assessment of new opportunities, financial modelling, valuation analysis, due diligence, and portfolio management activities, as required, as well as assisting and liaising with other relevant transaction support teams (Legal, Environmental, Social and Governance (ESG), Business Integrity and Development Impact).




Responsibilities



Evaluation of new investment proposals:



  • Assessing investment proposals for deals that fit within BII’s developmental and investment mandate.

  • Analysing financial information relating to specific companies.

  • Building or analysing financial models and conducting sensitivity analysis.

  • Assisting with reports to be presented to investment committee for approval and participating in the meetings.

  • Conducting detailed valuations on companies using various methods.

  • Assisting with the due diligence on a specific company, sector, and country.




Portfolio Monitoring:



  • Preparing periodic reports and working with the deal teams to help in the monitoring of investees financial and strategic performance




Research:



  • Undertaking research into regions, countries, and specific sectors on an ad-hoc basis. This will include providing support to sector mapping exercises.

  • Undertaking research relating to specific businesses or projects including traveling to meet management teams and advisers.

  • Keeping up to date with market developments and monitoring factors that can affect the markets and considering how these might affect the pipeline and portfolio companies.

  • Monitoring the financial news and updating the team of material information in the target countries, sector and companies.




The candidate



Background, skills, aptitude



  • Successful candidates will have relevant prior foundational work experience such as graduate programme within investment banking, consulting, or private equity in the infrastructure space, and strong solid grounding in fundamental financial modelling, excel, analytical and research skills and experience in valuation.

  • Exposure to emerging market finance, especially in Africa is a plus

  • Financial analysis skills and ability to analyse a company’s financial statements and make commercial assessments;

  • Ability to work on multiple projects across products and sectors while working to deadlines and managing time effectively;

  • Good business communication and presentation skills;

  • Evidence of relationship building and ability to develop a network of relevant external contacts, as well as internally across different teams;

  • As a member of a small team, a flexible and “hands on” approach is a prerequisite;

  • Candidates should be strongly motivated by BII’s development mission and ideally demonstrate some commitment to development or social goals through previous executive or non-executive activity.




Our cultural values



We look for team members who aspire, as we do, to work at our best and to be:



  • Impact-led, commercially rigorous

  • Tenacious in the face of challenges

  • Collaborative and caring



Please provide a cover letter with your application