Investment Associate at All On Partnerships for Energy Access Limited by Guarantee

All On Partnerships for Energy Access Limited by Guarantee - Nigeria has a 175,000MW power gap and an estimated 28 million households and 11 million SMEs that are either off grid or receive less than four hours of power per day (bad grid). This amounts to 140 million people living without access to reliable and affordable power. Addressing the access-to-energy challenge in Nigeria requires a combination of both the traditional large-scale power generation approaches and distributed power innovations that are smaller scale, lower cost, and quicker to market. All On Partnerships for Energy Access (‘All On’) was established by Shell as an impact investing company to work with partners to increase access to commercial energy products and services for the under-served and un-served off-grid markets in Nigeria, with a focus on the Niger Delta region.

We are recruiting to fill the position below:

Job Title: Investment Associate

Location: Lagos,
Employment Type: Full-time

Job Summary

• This position is responsible for supporting the All On impact investment deal delivery and investee management, with a focus on structured credit solutions for new investees under the Demand Aggregation for Renewable Technologies (DART) program.
• The Associate will be involved in every stage of a transaction, including, but not limited to financial modelling, credit analysis, due diligence, term sheet drafting and negotiations, investment committee memorandums, closings, and implementation of monitoring and evaluation framework.
• S/he will work in a high-energy environment under the supervision of the All On Investment Manager.

Reesponsibilities

• Coordinate the operations of DART and support the delivery of program objectives.
• Collaborate with internal stakeholders, including, legal, and compliance, to gather information and ensure smooth investment processes.
• Develop relationships with external stakeholders, such as program partners, investees, and industry experts, to gather insights and enhance the objectives of the program.
• Support DART portfolio management through monitoring and review of borrower reporting requirements and loan covenant compliance.
• Provide ongoing strategic, operational, and governance support to investees in the portfolio.
• Process deals through approval and closing by:
  • Performing in depth market research and counterparty due diligence, including credit review.
  • Conducting assessment of credit risk for potential investees and projects, providing recommendations on credit worthiness.
  • Assessing historical financial statements of potential investees to enhance understanding of historical corporate performance and probability of the success of the proposed business model.
  • Drafting of the various documents required for the deal approval process – including the deal narrative, risks, justification, and deal economics.
  • Financial modeling of investment opportunities with risked outcomes based on multiple scenarios.
  • Proposing investment instruments and related terms of financing to be deployed for each opportunity.
  • Drafting and negotiating term sheet with counterparties based on the direction and approvals of the governance process.
  • Undertaking financial, technical, and commercial due diligence and prepare related due diligence reports for each opportunity being developed.

What we need from you

• A minimum of 7 years of experience, including at least 6 years in commercial banks, investment banks, private equity (impact or fully commercial), with a solid background in project finance and credit analysis.
• Demonstrated experience in deal delivery in top-tier commercial banks or Development Finance Institutions (DFIs).
• Solid experience in credit and structured finance with an energy and/or social infrastructure focus or similar business deals with a proven record of success and achievements.
• Bachelors or Master’s degree in Finance, Economics, Mathematics, Accounting, or other related discipline.
• Chartered Finance Analyst (Preferred), ACA, ACCA or other equivalent professional qualification.
• Advanced proficiency with MS Office tools. Good financial modelling and research skills. Experience with financial tools such as Pitchbook, and CapitalIQ is desirable.
• Strong sense of integrity, ethics and ownership, intellectual curiosity, excellent communication skills, and solid stakeholder, and project management skills.

What we offer you

• At All On we're committed to investing in the development of your career and we give people with your skills a platform from which you can deliver, create substantial impact, and grow professionally with a fast-growing organization.
• All On is a company with shared values. Honesty, integrity and respect aren't simply a strap line, but are a part of everything we do. What's more, we're a company that places the highest possible value on the diversity of our people and on our inclusive approach.
• Join us and you’ll belong to a company where you can feel pride in your achievements in being one part of the solution for addressing Nigeria’s foundational development problem.

Remuneration
Competitive based on experience.

Application Closing Date
11th April, 2025.

How to Apply
Interested and qualified candidates should send their Cover Letter and Resume to: HR@All-On.com using "All On - Application for All On Investment Associate Position - DART" as the subject of the email.