Investment Manager

Let's Write Africa's Story Together!

Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.

Job Description

About AIIM

African Infrastructure Investment Managers (“AIIM”) is one of the pre-eminent private equity infrastructure managers in Africa, having raised over USD3.9bn in capital over the last two decades. With 5 offices on the continent, AIIM has invested in more than 22 African countries, representing over 74 investments across the Power, Digital infrastructure, Transportation and Midstream sectors.

AIIM is a wholly owned subsidiary of Old Mutual Alternative Investments (OMAI), one of the largest private alternative investment managers in Africa, with assets under management of USD7.6 billion. OMAI manages private equity and impact funds as well as infrastructure funds through AIIM. Our investment approach goes “Beyond the Obvious” and enables us to uncover opportunities others may overlook. We aim to deliver superior risk-adjusted returns as well as make a positive social impact across Africa.

The Fund

Off the back of our successful track record in conceptualizing and raising new infrastructure vehicles, AIIM has been selected as the preferred manager for a new USD 200-250 million target vehicle, the African Transition Acceleration Fund 1 (The Fund).

The Fund intends to focus on early stage investing in the African energy transition landscape, with a focus on 3 core thematic verticals, including multiple sub-sectors, broadly in the asset-heavy climate infra space:

• Clean Electrons (Generation, transmission, battery storage, energy efficiency, etc)
• Clean Molecules (Production and handling of clean molecules)
• Sustainable Transport

The Fund will back infrastructure platforms with seasoned teams and an identified pre-construction pipeline, investing in both overheads, development costs and construction equity to enable the platforms to reach scale.  The Fund will also invest in scale-up capital funding needs for growth companies for example in the electric mobility or energy efficiency sectors.  The mandate is pan-Africa including north Africa.

The fund will not take the following risks:

• Technology risk
• Proof of concept risk (i.e. investing prior to product market fit)
• Assuming major changes in policy or consumer behaviour

The Role:

An opportunity has arisen for a talented Investment Manager to join a dynamic newly created niche team working in the African Energy Transition landscape at AIIM. In this role you will run diligence processes on deals, work with external service providers, manage the analysts/associates in the team, and attend deal meetings. 

Key Responsibilities:

• Assist with originations of deal flow and investment opportunities
• Assume an investment execution and investment responsibility role within the team
• Build and maintain strong relationships with clients, external service providers and all internal stakeholders
• Evaluate, structure, negotiate and develop investment opportunities to close in accordance with the AIIM policies procedures and relevant good practice
• Take ownership of investment committee slide decks
• Develop innovative and appropriate financial structures for complex transactions
• Build out and/or provide oversight of project finance models
• Conduct risk analysis and review of financial statements and valuations
• Provide oversight of bid documents and presentations
• Apply industry/product knowledge to contribute meaningfully to deal origination and ongoing asset management
• Identify and escalate any relevant transaction dynamics to Fund Head
• Actively engage with AIIM asset management and operations teams, including ESG, in term of deal execution requirements and see those through
• Engage in fundraising activities including preparation of materials, joining meetings and investor diligence trips, and ongoing reporting to investors
• Be an active and value-adding participant in deal meetings and proactively pick up work generated in those meetings
• Be an active and value-adding member of the team in general
• Manage the analysts/associates in the team such that they can develop to their full potential

Skills & Experience

• Relevant Qualification (e.g. Honours Financial or Engineering degree)
• Significant international experience in climate investing plus transaction experience in Africa – 5+ years of direct deal doing experience and / or working in a relevant climate business development organization
• Demonstrable passion for early-stage business development in the climate space
• Well networked, with solid relationships in order to set up for origination work – bankers, lawyers, advisors
• Financial acumen – the capacity to demonstrate knowledge of and insight into financial principles and processes and identify inconsistencies in data
• Good working knowledge of key commercial statutes and regulations as well as a general commercial orientation
• Excellent verbal and written communication skills
• Critical thinking and problem-solving skills
• Demonstrable organisational, planning and prioritising skills
• Strong financial analysis and modelling skills
• Strong attention to detail, with a high level of accuracy and ability to perform under pressure
• Well-developed project management skills/ability to see projects completed

AIIM Culture Fit

• Entrepreneurial mindset
• Self-starter
• Intellectually curious
• Collaborative
• High energy
• Performance obsession

Participates in developing investment recommendations for portfolio managers relating to existing and potential investments. Develops and amends quantitative models to analyse and forecast market developments, estimating risks, identifying factors influencing investment decisions and quantifying potential risks and rewards.

ResponsibilitiesFinancial Management and Control

Develop and/or deliver a plan for significant aspects of the financial management and/or control process.

Risk Scenario Modeling

Analyze, assess, and quantify the risks associated with products, individual applications, business activities, and the market to determine whether any risk is within the agreed risk appetite. Undertake tactical risk modeling.

Data Collection and Analysis

Use data from a wide range of sources to analyze key themes and identify possible impacts on the business.

Financial Policies, Guidelines, and Protocols

Create a plan to deliver and review financial policies, guidelines, and protocols to ensure the company complies with regulations and good financial practice.

Investment Management

Analyze and forecast investment or market trends by designing and developing nonroutine investment models. May also manage specific assigned portfolios while helping to develop investment policy.

Recommendations

Recommend changes to policies, processes, standards, and practices that would improve operational support.

Internal Communications

Develop and/or deliver a plan for significant aspects of internal communications with guidance from senior colleagues.

Information and Business Advice

Provide specialist advice on the interpretation and application of policies and procedures, resolving complex or contentious queries and issues and enabling others to take appropriate actions.

Document Preparation

Write and edit material for various target populations, tailoring the tone and content to match the needs and expectations of each audience.

Internal Client Relationship Management

Manage relationships with internal clients and act as a business partner to them, building high levels of professional credibility and mutual trust, and managing the deployment of appropriate internal and/or external resources to support in delivering business strategy and plans.

Personal Capability Building

Act as subject matter expert in an area of technology, policy, regulation, or operational management for the team. Maintain external accreditations and in-depth understanding of current and emerging external regulation and industry best practices through continuing professional development, attending conferences, and reading specialist media.

Skills

Accounting, Action Planning, Alternative Investments, Analytics Software, Budget Management, Client Management, Computer Literacy, Data Classification, Data Compilation, Evaluating Information, Financial Acumen, Infrastructure Investments, Investments, Oral Communications, People Management, Policies & Procedures, Private Equity, Professional Presentation

Competencies

Business InsightCommunicates EffectivelyCourageDecision QualityEnsures AccountabilityFinancial AcumenInstills TrustManages Complexity

Education

Bachelor of Engineering (BEng)

Closing Date

10 April 2025 , 23:59

The appointment will be made from the designated group in line with the Employment Equity Plan of Old Mutual South Africa and the specific business unit in question.

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