Investment Manager, Africa Catalytic Impact Facility (ACIF) at Mastercard Foundation

Mastercard Foundation is a global foundation based across four hubs in Kigali, Rwanda, Nairobi, Kenya, Accra, Ghana and Toronto, Canada. Our programs promote financial inclusion and advance education and learning in Africa, primarily for young people, and in Canada for Indigenous youth. The Foundation was established in 2006 through the generosity of Mastercard when it became a public company. From inception, the Foundation was designed to be a separate entity and independent from Mastercard. Our policies, operations, and funding decisions are made by our President and Board of Directors.

The Foundation believes that youth employment is key to unlocking prosperity, both for youth and their societies. Enabling young women and men from disadvantaged communities to secure dignified and fulfilling work will ensure inclusive development and economic growth in Africa.

We are recruiting to fill the position below:

Job Title: Investment Manager, Africa Catalytic Impact Facility (ACIF)

Location: Lagos

The Work at the Foundation

• We are currently in an exciting period at the Mastercard Foundation as we intensify the implementation of the Young Africa Works strategy, aiming to empower 30 million young people throughout Africa to access dignified and fulfilling employment.
• To ensure the Foundation's accessibility to our partners and program participants, we have established offices in Rwanda, Kenya, Ghana, Senegal, Ethiopia, Nigeria, and Uganda. These offices provide strong in-country support for the implementation of Young Africa Works. 
• We collaborate with governments, the private sector, educators, and other funders to enhance the quality of education and vocational training, equip young individuals with the necessary skills for the workforce, expand access to financial services for entrepreneurs and small businesses, and facilitate connections between job seekers and meaningful employment opportunities.
• Our values serve as our guiding principles, transcending and surpassing all other considerations. We wholeheartedly encourage you to bring your bold ideas, curiosity, and expertise to your work.

The Opportunity

• Over the last decades, targeted investment has become a key driver of economic development, societal change, and job creation. To accelerate the Mastercard Foundation’s mission towards Young Africa works - 30 million young Africans – particularly women – have dignified and fulfilling work - and towards an ecosystem in Africa that sustainably creates enables jobs, the Foundation has established the Africa Catalytic Investment Fund (ACIF). 
• This exciting initiative will invest in mid to large African enterprises, with a view to building African champions who can support the Continent’s next wave of growth. 
• ACIF will invest directly by taking significant minority stakes in established, growth-oriented businesses as well as commit to Africa-focused private equity and private credit funds operating on the Continent.

Way You Can Contribute

• We are seeking Investment Managers to join our team and play a pivotal role in the build out of ACIF and its early investments. 
• The position offers the opportunity to  make, manage and eventually exit direct investments in African champions. Investment Managers will also have the opportunity to work on intermediated investments, including fund commitments, co-investments and creative investment products to catalyze third party capital. 
• As a core team member, you will be instrumental in shaping the future of ACIF, the clients and companies, and the African youth we serve. More specific responsibilities include:
• Evaluating, structuring and executing direct investments in African firms positioned to deliver on ACIF and the Foundation’s objectives.
• Leading the analysis of investment opportunities, including developing and testing assumptions, building and refining financial models, assessing historical performance and developing and drafting investment memorandums.
• Leading the development of valuations, investment structures and key terms of investments, in collaboration with the ACIF team.
• Deep analysis to test and refine investment cases, and defend assumptions, forecasts and investment theses to the broader ACIF team and Investment Committee.
• Managing the entire transaction process, including third party due diligence, legal documentation, transaction structuring, overseeing meeting of conditions precedent, and closing.
• Originating and identifying investment opportunities for ACIF and advocating opportunities to the ACIF team.
• Supporting the creation of innovative investment structures to achieve ACIF’s objectives, particularly of sustainable job creation.
• Supporting management teams to sustainably grow operations and create dignified employment opportunities as well as to deliver on growth and expansion objectives, M&A, product or services growth, etc.
• Ensuring appropriate reporting and performance against investment theses of the portfolio.
• Mentoring and upskilling more junior team members.

Requirements
Education & Experience:

• Bachelor’s Degree in Finance, Economics or an associated field from a recognized master’s degree or CFA strongly preferred.
• Minimum of 8 years' work experience, with at least 5 years' experience in private equity or private credit investing, with a strong preference for investments in Africa.
• Understanding of investment fundamentals, key drivers of major African markets, and risks of operating in complex markets.

Skills:

• Excellent quantitative analytical skills (financial modeling, financial analysis, etc) and strong written communication and presentation skills (including power point, memo writing, etc).
• Strong communication skills and ability to engage individuals from different cultures and work with complex management teams.
• Demonstrated ability to effectively research and assess investment opportunities in emerging markets.
• Demonstrated analytical skills to interpret complex financial data.
• Flexible, adaptable, and able to manage changing priorities in a fast-paced environment.
• Comfort with ambiguity and uncertainty.

Values:

• Professional maturity, sensitivity with different cultures, and impeccable integrity that exemplify the Foundation’s values.
• A partnership approach to working with management teams, co-workers, co-investors and other counterparties.
• Demonstrate a commitment to Mastercard Foundation’s values and vision.

Application Closing Date
21st March, 2025.

How to Apply
Interested and qualified candidates should:
Click here to apply online