Deadline for Application: 20th, Feb, 2019
Email Resumes at: email@example.com
Period: 1APRIL2019 – 31DEC2019
Number of Positions: 2
Report to: Country Manager Accelerate Prosperity (AP), Pakistan.
Location: Islamabad, with constant travel to Gilgit, Sindh and KPK
Travel: 50% of time
Job Description: The analyst will be responsible for overall management of his/ her investment portfolio and business acceleration (pre and post investment training and advisory) of Accelerate Prosperity Pakistan.
Accelerate Prosperity is designed to leverage the creative power and commercial instincts of private sector (including AKFED) to address the needs and challenges of budding entrepreneurs, startups and existing MSMEs. It is a part of new global initiative of the AKDN in Central and South Asia, which follows guidance from the Aga Khan Foundation (AKF) Board to develop more formal structures to catalyze enterprises within AKDN’s main area development programs, where economic opportunities remain insufficient. Through patient capital and tailored business advisory to startups and businesses, AP complements broader employment-related programs of AKF and draws significantly on technical expertise from the Aga Khan Fund for Economic Development’s (AKFED) Industrial Promotion Services (IPS), and coordinates efforts with the AKDN’s financial institutions, the University of Central Asia and many other national partners.
• Investments & Business Acceleration (Pre & Post Investment TA)
o Pipeline Development: Origination of a pipeline to be considered for investment and/or TA through client outreach, marketing, client education and deal’s initial screening.
Expected Milestone: Pipeline of at least 40 existing businesses developed in 2019, for investments in 2019/ 2020.
o Due Diligence: Undertake internal financial modeling, due diligence, risk analysis and development of information memorandum in structuring of select-equity/ debt investments, guarantees, grants and/ or TA, or other forms of assistance to be extended by Accelerate Prosperity. Lead external validation through a partner investment research firm.
Expected Milestone: Financial modelling, due diligence, and IM development undertaken for at least 15 existing businesses and 5 startups in 2019 for investments in 2019/2020.
o Legal Vetting: Liaise with internal/ external legal counsel and ratify the investment proposals for all regulatory and compliance concerns. Prepare all legal documents for deployment;
Expected Milestone: Complete legal vetting of all investment proposals for all regulatory and compliance requirements. Completion of all legal documents for financing and collateralization.
o Approvals: Assist CM Accelerate Prosperity in getting internal approvals for investment proposals from AP’s Investment Advisory Committee (IAC) and no-objection from AP’s Global Executive Committee (GEC).
Expected Milestone: Successfully secure approvals from Investment Committee (IAC) and no-objections from GEC (at least 10).
o Closure and Documentation: With the support of internal/ external legal counsel, ensure for all deals that appropriate legal documentation is successfully concluded in line with approvals and that financial close (i.e., first disbursement) is achieved in a timely fashion.
Expected Milestone: Transactions made as per regulatory requirements and shares issued to AP on behalf of all investees.
o Intermediation: Lead and execute the “Deal-Flow Process” with select group of investors identified by AP, from sharing of teasers/ investment portfolio with investors, deal sourcing to deal closure with select-businesses.
Expected Milestone: Deal-flow process executed with at least 5-7 investors. At least 1-2 major deals closed subject to terms and conditions.
o Post-Investment Monitoring: Undertake the implementation and administration of select- private sector/ external investments (investment intermediation) as well as pre and post investment TA components, ensuring compliance with required institutional and regulatory guidelines, policies and procedures of Accelerate Prosperity as well as agreed covenants and reporting requirements up to financing effectiveness.
Expected Milestone: 1) Regular monitoring of investments/ investees and effective/ approved utilization of investments ensured, 2) Businesses/ investees make significant progress in achieving their prescribed milestones in the term sheets.
o Training and Mentorship: Extend pre and post investment training and advisory to the investees as per the recommendations made in the investment term sheets and due diligence reports of the investees.
Expected Milestone: TA and mentorship (pre and post investment) delivered to businesses on a cost-sharing basis as per the term sheets and due diligence reports.
o Knowledge Products: Develop knowledge products for internal and external stakeholders on AP’s investment approach, criteria, stories etc.
Expected Milestone: Knowledge products on all abovementioned components developed.
• Minimum 3-5 years of hands-on experience in financial modelling, company valuation, financial analysis, due diligence, feasibility assessment in an investment house and/or investment advisory services is necessary.
• MBA (Finance and Investment) with strong experience in financial market and feasibility assessment is a must.
• Ability to proactively identify good investment opportunities (Startups/MSMEs).
• Knowledge of reasonableness of operating data and analysis of results.
• Ability to gain respect from internal management of portfolio companies while maintaining an independent and objective perspective.
• Ability to effectively manage multiple tasks (multitasking).
• Ability to distill large volumes of data in short periods of time.
• Ability to manage competing priorities and deadlines.
• Intellectual curiosity and demonstrated record of professional development/growth.
• A collegial attitude and a readiness to perform a wide range of tasks.
• Strong problem solving skills and the ability to work through complex financial models to determine the key assumptions, implicit caveats and limitations
• Demonstrated ability to work cooperatively with all level of management (Portfolio companies).
• Ability to manage multiple projects and interact with clients and internal management.
Accelerate Prosperity is one of the new global initiatives of AKDN and one of its kind in terms of being the only incubator and accelerator in Pakistan that does financing and intermediates external investment as well. In 2 years, it has grown to 3 countries and aims to reach 6 countries by the end of 2021. It is aiming to achieve national scale in Pakistan in 2019. Despite massive growth opportunity in Pakistan and regionally, it is still a startup and faces similar challenges and workflow that a startup would face, that on one hand provides significant opportunities for creativity and innovation, but on the other hand, also requires its employees to multitask, put in more hours than usual (at times even weekends), be street start in getting things done and take it as a passionate challenge that can not only change their careers manifolds but also the lives of the people through its scale of impact.
We don’t expect our employees to spend years and decades with us, since our survival and relevance thrives on being attuned with the “world of the moment”. However, we surely expect that whatever time you spend with us causes positive disruption and a huge leap both for your careers and us.