Fund Programme Specialist: JET-IP Office (24 Months)

SUMMARY:

The Fund Programme Specialist is responsible to source funding, with a focus on Green funding, to design and develop financing programmes and to implement and administer funding mechanisms, such as grant funds and related programmes for the JET-IP New Energy Vehicle (NEV) and Green Hydrogen (GH2) Programme Management Offices (PMOs). The Speciali...

POSITION INFO:

The Fund Programme Specialist is responsible to source funding, with a focus on Green funding, to design and develop financing programmes and to implement and administer funding mechanisms, such as grant funds and related programmes for the JET-IP New Energy Vehicle (NEV) and Green Hydrogen (GH2) Programme Management Offices (PMOs). The Specialist shall ensure effective, efficient and timeous execution of the programmes and funds that deliver on the mandate of the JET Offices and maximise the impact of prioritized projects, programme and funds.

The primary purpose of this role is to provide financial innovation and support to the PMOs in fulfilling their objectives and obligations. The role requires a dedicated, committed, solution-oriented and innovative resource with expertise and experience in designing financial solutions, managing funds, assessing and evaluating financial propositions related to funds, good project management skills and a sound understanding of the South African developmental context.

Qualifications:

Minimum qualification: relevant commercial or technical Honour’s Degree or equivalent qualification.

• MBA or Master’s Degree would be an advantage.

Knowledge and Experience Requirements:

• 5 to 8 years of relevant experience within financial services preferably within a development finance institution. Additionally experience in venture capital and early- stage investment will be an added advantage.
• Broad financial experience including, but not restricted to, appraising, negotiating and closing Project Finance, Corporate Finance or Structured Finance transactions or acting in a debt and/or equity instrument sales and distribution role in a financial institution.
• Experience in syndicating investment deals of appropriate sizes in relevant sectors/geographies in SA and/or Africa.
• Experience with Tax issues/matters/implications associated with grant and official development assistance (ODA) funding.
• Experience in repackaging assets and distributing risk to capital market investors.
• Understanding of the Development Finance Environment and the Just Energy Transition.
• Grounded experience on development issues.
• Strong networks and relationships with clients, global and regional private investors and banks in order to distribute viable projects/investments.
• Experience in developing/reviewing and using corporate/project/structured finance financial models.
• Experience with raising grant funding and managing grant programmes for investment in SMEs and Large projects, early -stage enterprises and technical assistance support.
• Comprehensive knowledge of the complex financial and regulatory environments across.
• Strong customer focus and ability to engage effectively with senior officials of banks, corporates and governments.
• Experience working in a high-level collaborative and culturally diverse environment.
• Ability to manage multiple competing priorities while building effective relationships.
• Extremely organized and persistent, with drive and determination to achieve goals.

Financial and Fund Management Support

• Assist with the design, establishment and operationalization of funds and programmes.
• Assist with the management of performance of funds and programmes against key deliverables, budget and timeframes.
• Analyse the existing pipeline of green funders, with a focus on NEVs and GH2 and create a database for the JET-IP NEV and GH2 Office. Green funds are of particular importance to the JET-IP work.
• Collaborate with outside funders on developing creative models for partnerships and co-funding.
• Provide critical feedback on the suitability of all potential funding instruments.
• Liaise with the JET Project Management Unit (PMU) in the Presidency regarding funding and the JET Financing platform.
• Market the IDC’s JET-IP NEV and GH2 office to the widest possible group of financiers that provide funding for JET/Impact-related programmes in NEVs and GH2 including Development Finance Institutions, Export Credit Agencies, commercial banks, African financial institutions, African multilaterals, insurers and other financial institutions.
• Liaise with the IDC Partnership and Programmes Unit and Financial Management and other relevant internal departments for all matters related to green funds and disbursements thereof.
• Provide support to the JET-IP Office at the IDC and other relevant units to structure agreements optimally, based on sound business principles.
• Set up new funds or financial instruments as required within the NEV and GH2 value chains in collaboration with other funders.

Internal/Operational Processes

• Provide support to the JET-IP Office in identifying and facilitating investments through financial partnerships in the continent.
• Develop and periodically update debt and equity investor as well as preferred transferee databases.
• Compile reports/submissions for internal approvals for IDC participation in third-party funds related to JET NEV or GH2.
• Collaborate with other IDC Divisions and/or Business Units, as appropriate, to develop appropriate funding instruments and programmes to support JET Implementation plans.
• Compile and issue and/or collate client and/or investor Expressions of Interest and fund term sheet(s).
• Originate and manage the process and provide input and collaborate with other IDC Divisions and/or Business Units, as appropriate, in the drafting/negotiation/execution of programme/fund mandates.
• Collaborate with other IDC Divisions and/or Business Units to perform fund/programme structuring, investment case development and documentation and internal investment case presentation at governance/approval committees as appropriate/required.
• Collaborate with other IDC Divisions and/or Business Units during the programme/fund design Feasibility Study phase to provide input regarding the structuring and packaging of transactions for bankability.
• Develop and/or review and update transaction teasers/Information Memoranda and financial models for corporate/project/structured finance transactions in collaboration with the Coverage, Transacting, Credit and Sector Specialist Business Units.
• Prepare and conduct pitch deck presentations to funders/grants providers and third parties, on request.
• Arrange, schedule and facilitate debt and equity client/investor road shows.
• Organise and coordinate signing ceremonies, as appropriate.
• Identify, secure and assign senior/junior syndicate participants, including setting and making pro-rata debt.
• Coordinate syndicate participants in all transactions where IDC is appointed Mandated Lead Arranger (MLA) (or co-MLA).
• Create and populate physical or electronic transaction data room(s) and collaborate with other IDC Divisions and/or Business Units to manage information.
• Collaborate with other IDC Divisions and/or Business Units, as appropriate, to collect and publish Conditions Precedent documentation as required.
• Collaborate with other IDC Divisions/Units in the execution of all pertinent documents to close funding/programme for implementation.
• Ensure that work is carried out in accordance with the IDC’s systems and procedures.

 

Technical Financial Support

• Fund and programme financial evaluation and assessment.
• Project scoping and design of assessment Terms of Reference.
• Financial management tools and methodologies to enable Fund and Programme execution.
• Oversight and financial management of Fund and Programme Portfolio.
• Guidance on project execution for success to accelerate progress.
• Monitoring and Reporting impact.
• Development of policies and procedures for Fund administration and management.

Customer Focus Stakeholder Management

• Build influential relationships and networks and collaborate with internal and external key stakeholders, including the JET PMU.
• Manage relationships with local/international banks, Development Finance Institutions, Export Credit Agency, and non-bank financial institutions. Particularly institutional debt and /or equity syndication and distribution desks.
• Retain and manage relationships with a wide network of professional advisors, consultants and deal originators active in the syndicated loan markets.
• Manage and enhance the levels of service and communications to ensure the provision of client service excellence

 Learning, Leadership People Growth

• Stay abreast of syndication and distribution market trends and developments. In particular, new (structured) products and services offered by competitors and associated deal flow in sub-Saharan Africa.
• Participate in knowledge sharing in the team and cross functional knowledge sharing.
• Coaching and mentoring of team members.

Technical/Functional Competencies

• Financial acumen
• Data collection and analysis
• Engagement and collaboration
• Investment and portfolio management
• Risk identification and mitigation
• Customer service orientation
• Strategic planning and innovative thinking
• Planning and organising
• Report writing skills
• Results and solution orientated

Leadership Competencies

• Decisiveness in execution
• People engagement
• Communication and engagement
• Diverse stakeholder management
• Teamwork
• Resilience
• Innovation
• Change leadership
• Strategic thinking
• Business mind set

Behavioural Competencies

• Relationship building and networking
• Negotiation skills
• Influencing skills
• Political awareness