| SHELTER recruits 01 Managing Director | |
| Description de l’offre Managing Director SHELTER INTERNATIONAL Dakar, Sénégal Temps plein TERMS OF REFERENCE Recruitment of a Managing Director for the investment company created by SFL and based in Dakar (Senegal) that will operate in the following three countries: Senegal, Gambia and Guinea-Bissau Job position location: Dakar (Senegal) 1. Background and Rationale Shelter For Life International (SFL) is an international relief and development organization with over 35 years of experience in international development. SFL specializes in infrastructure reconstruction, agricultural development, food security, and small and medium size enterprise development. It is in this context that Shelter for Life (SFL) implements a 6-year program in Senegal, The Gambia, and Guinea Bissau (SeGaBi), called the Linking Infrastructure, Finance, Farms, and Cashew (LIFFT Cashew) project. This USDA-funded program aims to develop and strengthen the necessary linkages between the different links in the cashew value chain to support a regional trade network integrated into the chain over the long term and to promote local processing. The creation of a structure that manages and facilitates investment in cashews sector is one of the activities of the LIFFT-Cashew program, which aims to facilitate the access to financing of the processors of cashew nuts, in particular: • Provide technical assistance and facilitate access to financing for the processors of cashew nuts in the three countries; • Create a Cashew Fund in order to invest in the business of processing of cashew nuts and other businesses related to the value chain of the cashew; • Stimulate private investment; both local and international to increase the volume of cashew nuts processed in the region SeGaBi. Shelter For Life International (SFL) works at the establishment and operationalization of a separate legal entity called Life Investment Group Limited (LIG Ltd). LIG Ltd will undertake and facilitate investment as equity, loan, and / or blended finance for the financing of projects and companies that aim to process raw cashew nuts in the region the SeGaBi and other West African countries. LIG Ltd will set up a new business as a fund manager that will bring together financial experts and consultants from major investment banks, commercial banks, fund management companies, and private investors. In doing so, LIG Ltd will seeks to address the specific financing and technical assistance needs of processing companies that participate in the development plans of the SeGaBi countries and to incentivize regional financial institutions, investors and local banks to invest in cashew processing projects. 2. Job position overview SFL is seeking to recruit a Managing Director (MD) specialized in fundraising and managing investment-funds. The Managing Director will be lead person for the investment fund LIG Ltd and will be responsible for sourcing, developing, and supporting impact investments based on processors across the cashew value chain. The primary regional focus of LIG Ltd is the SeGaBi region and countries in West Africa. In addition to prospecting and due diligence for managing LIG Ltd’s investment fund, the candidate will be responsible for building a pipeline of bankable projects for new investments in an effort to support the cashew ecosystem and to ensure cashew stakeholders’ complianc with LIG Ltd’s investment policy. The candidate should be a flexible and positive team player who is passionate about LIG Ltd’s mission and is able to devise creative solutions to challenging problems. This position will be based in Dakar, Senegal and will report to the LIG Board of Directors. At this time, we can only consider applicants with authorization to work in Senegal on a permanent, full-time basis; unfortunately, we cannot provide visa sponsorship. 3. Job Responsibilities i. Leading and executing fundraising activities for the investment company. ii. Develop and implement all policy and procedures with regard to the investment and portfolio management of the company. iii. Leading the strategic partnership with a list of anchor investors put forward by SFL or by the MD himself through his own network and fundraising activities from DFIs and other Limited Partners (LPs). iv. Identifying an investment bank to partner with as a financial advisor to raise international financing. v. Planning fund structuring, including exiting plans for investors. vi. Working on project origination to increase the fund’s project pipeline and support processors to reach financial closure. vii. Working closely with SFL on project performance, daily operation insights and communicate closely with investors. viii. Maintaining close investor relationship with anchor investors. ix. Deal Structuring — Participate in negotiations on Investment terms and conditions with the goal of maximizing impact at scale while ensuring LIG Ltd remains efficient and sustainable x. Technical and Operational Support — Assist in onboarding newly Invested Partners, act as liaison, communicate LIG Ltd policy to these Partners and update LIG Ltd stakeholders on new developments and/or issues. Resolve issues faced by the Partners, such as trouble accessing tools provided by LIG Ltd. xi. As SFL’s headquarters are in the USA, communication will take place on a regular basis with its management via conference call. 4. Job Requirements i. Minimum 8+ years in senior management levels in commercial banking, investment banking, and/or private equity/debt and other fund management company. Previous experience in financing the cashew-processing sector would be a plus. ii. 5+ years of management experience related to the delivery of financial services to mid-cap companies in at least one SeGaBi country. iii. Familiarity with innovative finance instruments (e.g. project finance, securitization, structured finance, on lending, blended finance, risk guarantees, etc.). iv. Strong network with DFIs, international asset managers, SWF (sovereign wealth fund) are an advantage. v. Having at least worked on the establishment of an investment fund in West Africa. vi. Direct/Indirect Investment and fundraising experience in West Africa are highly preferred. vii. International working experience and a good knowledge of the West African region and OHADA investment company background are highly preferred. viii. Experience in applying for BECEAO central bank approval would be a plus. ix. Candidates with international education background in finance at Master or MBA level is a plus. x. Tough and result-oriented management character is preferred. xi. Negotiating capability. xii. Excellent communication skills. Fluency in English and French required, written and oral. 5. Application process Interested applicant with experience in executing similar job position is invited to submit their proposal including their compensation package before 3 January 2022 addressed to email address. | |
| COMMENT POSTULER ? Application process Interested applicant with experience in executing similar job position is invited to submit their proposal including their compensation package before 3 January 2022 addressed to lifftcashew@shelter.org. |