Job Title: Investment Officer, Deal Flow Facility
Location: Kampala, Uganda
Reports to: Director, Deal Flow Facility
Application Deadline: August 19, 2022

About this role

The primary objective of the Deal Flow Facility (DFF) is to match-make potential investors and investees with the aim of facilitating successful debt and equity transactions. The Investment Officer will be responsible for creating an efficient and high-level due diligence process that increases the chances of investment-worthy enterprises being recruited into the DFF. The role holder will serve as an in-house expert to perform initial diagnostic assessments/evaluations to identify relevant enterprises that will be admitted into the capacity-building program.

The Investment Officer will report to the Director – DFF. They will support the Director in thinking through the strategy, program agenda, engagement activities, capacity-building initiatives, and design of effective cohort programs.

Key Responsibilities:

Strategy Development and Execution: 

      • Set-Up: Build clear criteria and templates that can be scaled to ensure the success of the DFF including but not limited to:
      • Distinct recruitment criteria of enterprises to the DFF as well as explicit matchmaking criteria between enterprises and investors.
      • Clear templates/frameworks around high-level due diligence of enterprises, their capital needs, and pitch-decks with analyses.
      • With the support of the Portfolio Relationship Manager, build comprehensive methods and processes around enterprise information access and enterprise value creation as part of the DFF.
      • Responsible for due diligence and analysis on prospective companies that will be recruited into the DFF or directly matched to debt/equity investors
      • With the other members of the DFF and FSD Uganda team, contribute towards development of capacity-building modules and programs for DFF enterprises. This will include supporting the building of a standardised business curriculum (with modules), tools and materials.

Program Management and Delivery:

      • Undertake due diligence and capacity needs assessment of DFF applicants.
      • Share analyses of due diligence with enterprises for finalisation and onward sharing with investors to gauge interest
      • Educate enterprises, especially the leadership of companies that have not raised equity, on the investment process
      • Support the development of a standardised business curriculum (with modules) including tools and materials
    • Thought Leadership:
      • Build analyses around enterprises, including the challenges faced in capital raising to inform policymakers, ecosystem supporters with the aim of building a more enabling environment for businesses.
      • Lead analyses around challenges that investors face in investing in Uganda.
    • Competences and Qualifications
    • This will be a highly technical resource with an entrepreneurial drive. The successful candidate will have good practical knowledge around equity and debt capital raising and preferably comes from Private Equity and Venture Capital (PE/VC) background.
      • Minimum of seven years in private equity, venture capital, investment banking, or capital markets is required
      • Background in financial analysis and modelling
      • Previous experience in providing business advisory services is strongly preferred
      • Advanced Degree in Finance, an MBA or equivalent, plus a professional accounting qualification, will be an added advantage
      • Deeply curious and excited to engage with a variety of stakeholders including policymakers, investors, DFIs, and more
      • Ability to deliver and communicate complex issues clearly and succinctly, and in a compelling manner
      • Ability to establish a strong rapport and build relationships across the local entrepreneurial ecosystem
      • Self-motivated, confident, energetic, team player, and creative

Persons of all gender and race are encouraged to apply

Role Overview

Function
Finance, investment, and accounting

Industry
Banking, financial services, and Insurance

Years of Experience
7-12 years

Location
Kampala

Must-have Skills

Investment and business advisory

Capacity assessment and due diligence

Stakeholder engagement

Application procedure: Email your curriculum vitae and cover letter to fsducareers@fsduganda.or.ug
The email subject line should be; 
Application for the Investment Officer – Deal Flow Facility Position


About FSD Uganda

Financial Sector Deepening Uganda (FSD Uganda) is a Company Limited by Guarantee (operating as a not for profit) committed to promoting greater access to Financial Services in Uganda.

As Uganda’s premier ‘think and do’ tank on financial inclusion, FSD Uganda seeks to develop a more inclusive and competitive financial sector with a focus on low-income individuals promoting innovation, conducting research, and supporting regulatory processes that shape the financial sector.

FSD Uganda is currently funded by Bill and Melinda Gates Foundation, Mastercard Foundation, and the European Union and is part of a network of nine Financial Sector Deepening organisations working across sub-Saharan Africa. Looking ahead, FSD Uganda will leverage its early successes to drive up demand for relevant financial products and services across key sectors to help improve incomes and create more economic opportunities.

About Deal Flow Facility

The Deal Flow Facility is a first of its kind in-country, technical assistance and match making facility incubated at FSD Uganda. It was set up with the support of the Capital Markets Authority (CMA) of Uganda and is funded by the European Union. This match-making facility between investors and potential investees has the ambitious target of facilitating at least 40 investments in five years.

The key role of the DFF is making medium-to-large enterprises investment ready and attractive to potential investors. The Facility is sector-agnostic and is looking to solve a critical constraint in the market – the lack of long-term finance, impeding the growth of enterprises, consequently resulting in slower job growth and economic development.

On the demand side, enterprises in Uganda, much like those on the African continent, are bridging their long-term capital needs with short tenor bank financing – financing that is expensive and does not match the growth trajectory of these businesses.

Similarly, on the supply side, investors report a shortage of high-quality investment opportunities as a challenge. Most enterprises seeking investments are not investment-ready and often need internal reorganisation before engaging outside investors. This makes them unattractive to both domestic and foreign investors – resulting in a small deal flow pipeline for the private and public capital markets.

Expectation of the DFF

The primary objective of the DFF is to match-make investors to high-quality investment-ready enterprises. It is expected to achieve this by stitching together a fragmented investment ecosystem of various actors, including tax advisors, investment bankers, legal advisors, auditors, accounting firms, and more – all necessary to enable successful investments. The Facility that runs a rolling application process for enterprises, continues to build the tools and capacity building curriculum that will make participating enterprises stronger and put them on a fast-track to seeking investments when ready. Currently, the Facility is designed to be a catalyst and not make investments itself.

The following are the expected outcomes of the DFF:

      1. Creating an investment-worthy deal-flow pipeline.
      2. Providing capacity building/advisory support that will assist potentially high-growth companies to boost their growth and make them attractive to investors.
      3. Match-Making investors to investees strengthening the market ecosystem.
      4. Based on challenges witnessed, inform, and educate various actors in the ecosystem, beginning with the regulators to industry associations and the Ministry of Finance so that systemic constraints and misalignment of incentives are known and addressed through reforms.
      5. Strengthening a fragmented ecosystem by forming alliances with organizations and networks that are able and willing to contribute to Uganda’s investment climate and the growth of capital markets.

FSDU is an equal opportunity employer. Women, people with disabilities and others that fit the profile above are encouraged to apply.

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