Investment Associate, Project Development

Location: Casablanca, Morocco

Description

AGIA is a project development fund managed by Africa50, which aims to support the development of green infrastructure projects across Africa. It mobilizes public and private sector investments to support projects in renewable energy, climate resilience, sustainable urban development, and other sectors that promote economic growth and environmental sustainability.

Africa50 is an infrastructure investor and asset manager that contributes to Africa's growth by developing and investing in bankable projects, catalysing public sector capital, and mobilizing private sector funding. Africa50 has raised over US$1 billion so far from 33 African countries, the African Development Bank, two African Central Banks and Africa's largest pension fund. Africa50 has an independent investment process and seeks to generate commercial risk adjusted returns for its investments across key infrastructure sectors.

Principal Responsibilities

The Investment Associate role is to identify and execute on project development investments.

Participate in the development of a strong pipeline of opportunities by anticipating market trends and employing sector/sponsor/country knowledge
Lead the structuring of project development and equity investments
Lead financial modeling and valuation of potential investments
Coordinate and drive various workstreams across due diligence (financial, commercial, legal, technical, ESG)
Participate and/or lead negotiations with sponsors, lenders, and public authorities
Lead Africa50's contribution to the development of projects in the portfolio with a strong focus on achieving bankable projects
Have a good understanding of project and concession financing and policy issues
Prepare project-related documents for internal and external audiences
Build and maintain strong relationships with local/regional/global/infrastructure companies, banking and multilateral partners, and government officials
Develop a thorough knowledge of the power and transport sectors, including major market operators and technologies
Contribute to supervising portfolio companies
Mentor and supervise analysts and interns on modelling, research, and analysis

Candidate Profile

Required Background

6 to 10 years' investment and industry experience in project development, investment and/or project finance in the power and/or transport sectors within:
a utility / concessions company
the project finance / infrastructure / power department of a Tier 1 international investment bank
the infrastructure department in a Development Finance Institution
the infrastructure / PPP department of a transaction / financial advisory firm
an infrastructure private equity fund with exposure to early to mid-stage project development
Project management experience
Solid understanding of Concession agreements, PPA, EPC, O&M contracts
Demonstrated track record of closing transactions
Awareness of the latest trends and developments in financing infrastructure
Bachelor's degree from a Tier 1 university/Business school/Engineering school. MBA or MSc would be a plus.
Essential Qualities

Positive attitude
Integrity
Indefatigable work ethic – this role will regularly require late nights/weekends/travel
Self-starter. High initiative
Clarity of thought and action

Knowledge, Skills And Experience

Interest in Africa50's mission, strategy and values
Strong connection to Africa and intent to have Africa-focused career
Strong understanding of the power and transport sectors
Strong understanding of PPP project structuring and project finance
Strong business development and client relationship skills, track record and ability to focus on clients' needs effectively and identify potential business partners
Advanced financial modelling skills and deep understanding of capital structures
Excellent written and verbal communication skills in English, Fluent in French, Portuguese a plus
Strong interpersonal skills, ability to interact effectively with sponsors, partners and colleagues from various cultural backgrounds; living experience in emerging countries is a plus
Prior knowledge of African infrastructure and relationships in Africa are a strong plus

Location

Position is based in Casablanca, Morocco, with flexible working arrangements.

Application

If you are interested in this position, Click here to apply.

We thank all applicants for their interest; however, only those selected for an interview will be contacted.
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