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Investment Manager ( Impact Investment Team)- London
The Children's Investment Fund Foundation (CIFF)
Grade: Unspecified
Job Expired
Expired
Added 1 month ago
Job Description

To apply for this role please send a copy of your CV and cover letter to recruitment@ciff.org, stating the job title in the subject of your email. Applications received after the closing date may not be reviewed. If a high volume of applications are received, the vacancy may be closed early. About CIFF The Children’s Investment Fund Foundation (CIFF) is an independent philanthropic organisation with offices in Addis Ababa, Beijing, London, Nairobi, and New Delhi. CIFF works with a wide range of partners seeking to transform and empower the lives of poor and vulnerable children and adolescents in developing countries, with the ultimate goal of solving seemingly intractable challenges to ensure all children and adolescents have the chance to survive and thrive. CIFF aims to play a catalytic role as a funder and influencer to deliver urgent and systemic change at scale. Areas of work include empowering girls and boys to control their sexual and reproductive health to avoid unintended pregnancy, unsafe abortion and HIV/AIDS; improving children and mothers’ health and nutrition; preventing low birthweight babies; eliminating deaths from severe acute malnutrition, nested within a more integrated approach to childhood development; and deworming efforts to break transmission for good. CIFF’s child protection work focuses on ending child labour and sexual exploitation by enabling an environment that reduces vulnerability of communities and increases protection of children. The organisation’s climate portfolio is driven by a vision of a climate-safe future for today’s children and future generations that also bear the benefits of cleaner air, energy security and sustainable jobs. We are privileged, as a financially independent philanthropy, to be able to work in challenging areas that others can’t and we often elect to work on what can be controversial issues that others won’t. For example CIFF is pro-choice with respect to women’s reproductive rights along with the prioritisation of access to reproductive information and to contraceptive choices. It is imperative to the CIFF family, therefore, that prospective candidates are aware of the issues we work on and embrace all our programmatic work with fully open minds to the huge number of ways in which we seek to empower young lives. CIFF places significant emphasis on quality data and evidence. For most of its grants, CIFF works with partners to measure and evaluate progress to achieve large scale and sustainable impact. The organisation is committed to sharing as much information as possible about what they and their partners are learning. Founded in 2002, CIFF employs approximately 160 professionals globally. CIFF strives to couple business acumen and principles with development experience and best practices to transform the landscape for children. It seeks to be the gold standard in grant making and foundation operations. Main purpose of the role Impact investment team CIFF’s Impact Investing Team (IIT) was set up in April 2019 to invest in businesses providing scalable and sustainable private sector solutions that further the foundation’s mission to transform and empower the lives of poor and vulnerable children and adolescents in developing countries. The IIT was funded with an initial envelope of $100m, which is now close to being fully committed. The IIT’s investment strategy spans across four areas: (1) Clean Technologies, (2) Global Health, (3) Sustainable Food, Nutrition and Agriculture; and (4) Essential Products and Services to the Base of the Pyramid. Investments need to align with CIFF’s impact thesis first and are then analysed on their ability to scale and become commercially sustainable. The IIT is able to consider investments of both a direct nature into companies (equity or debt), as well as indirect investments into funds, and going forward co-investments alongside the fund managers. Whilst the current focus is weighted towards funds, it is expected that this mix will shift over time in favour of co-investment and direct opportunities. IIT also manages an additional pot of money for concessional / development finance opportunities, to be made on a selective basis, where the risk / return profile is out of sync but where the impact and alignment with the wider foundation’s goals is substantial enough to warrant the use of such an instrument. For such investments, the IIT may consider Results Based Financing instruments (such as DIB’s) or Volume Guarantees or other products. The investment view is global, particularly within climate-related opportunities, however East Africa and parts of Asia form the core geographical focus for other investment themes at this stage. With the initial envelope of funding ($100m) now close to being fully committed, a further envelope of funding (of similar or greater size) will be made available to the IIT from the start of 2022. With a growing portfolio (10 investments) and the additional dry powder, CIFF is looking to enhance resources and capabilities within the IIT, through the addition of an experienced Investment Manager (IM), that is able to lead transactions (and presents the experience of having done so). As the team is small, there are further responsibilities in terms of strategy setting and reporting. The flip side of the small team is that exposure and responsibility will be available to those that are able to demonstrate the skills and judgement needed for a successful career on the buy-side. The Exciting Opportunity: To this end, CIFF is expanding its Impact Investing Team with a London based Investment Manager. This is a growing team of experienced investment professionals, overseen by highly credible investment committees. The role offers considerable opportunity for the right individual to build significant transaction experience within a wide investment mandate. Position Responsibility: The Investment Manager will work across the investment lifecycle with the following responsibilities: • Further deepen the Impact Investment Team’s strategy, insight and network within our four strategic investment areas • Analyse and evaluate investment opportunities, both at a high level (initially) and in detail (as things progress through the pipeline), against CIFF’s investment filters. • Plan and execute due-diligence of investment opportunities – desktop, on-site and outside the box. • Design and conduct RFP processes to bring on-board the best due diligence consultants, where appropriate • Build high-quality and fully linked financial models for scenario analysis, incorporating debt-financing where appropriate • Model different investment structures, coming up with insights and recommendations • Author high quality investment memos (in English) for the various CIFF investment committees, including articulating the impact thesis, theory of change and related KPIs. • Remain engaged with portfolio investments, spotting opportunities for value-creation or course-correction where appropriate • Monitor investments on a quarterly basis, ensuring timely reporting, including CIFF’s annual reporting requirements • Where required, provide commercial and financial advice to CIFF grant teams on selected programmes Qualifications & Experience • Minimum 2:1 undergraduate degree in a relevant field • Experience conducting due diligence on private companies and in transactions involving financial investors • Demonstrable (and verifiable) track-record of completed investments as a mid / junior member of a reputable investment team • Candidates without deal track-record on the buy-side will not be considered. Person specification • Strong commercial analysis and business judgment • Strong private company valuation and financial modelling skills, including the ability to: • Build and manipulate financial model scenarios • Perform risk and return analysis • Incorporate debt schedules • Understand accounting concepts and private equity KPIs • Familiarity with any of the following instruments: equity, debt, fund investments, volume guarantees, impact-linked financing (e.g. social impact bonds) • Diligent and detail-orientated • Ability to look at complex problems and get to the root of the issue • Impeccable writing and verbal communication skills, with the ability to publish well written investment memos • Hands on approach with willingness to ‘roll-up sleeves’ • Ability to interact in an informed way with stakeholders • Demonstrable passion for, Africa or South Asia, or at the very least an understanding of emerging markets • Experience working in one of the Impact Investment Team’s priority investment areas: (1) Clean Technologies, (2) Global Health, (3) Sustainable Food, Nutrition and Agriculture; and (4) Essential Products and Services to the Base of the Pyramid.

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