Accion Venture Lab is an Accion-sponsored initiative to invest in and support seed-stage financial inclusion enterprises, catalyzing innovation in financial inclusion and enhancing the way financial services are delivered to the poor. Venture Lab focuses on companies that are post-R&D but have not yet proved their concept or achieved meaningful revenue traction, filling the support void for seed-stage companies. Venture Lab focuses on investment opportunities in Latin America, Africa and India but remains globally opportunistic, leveraging Accion’s global footprint and 50-year experience investing in and building financial services business in emerging markets. For more information, please refer to our website or download our Information Sheet.
Job Title:Investment Associate - West Africa
We are currently recruiting an Investment Associate, who will be based in West Africa (Lagos or Accra). S/he will report to the Senior Investment Officer of Africa for Venture Lab and will support all aspects of Venture Lab, including deal sourcing, analysis/diligence, transaction closing/process management, and post-investment support to investee companies. The role will be highly entrepreneurial, spanning emerging market venture investing, consulting/management, and entrepreneurship, with a focus on cutting edge innovation in financial inclusion.
We are particularly interested in candidates with experience living and working in West Africa, working with social enterprises, venture capital investing, or financial inclusion and technology businesses. We are looking for someone available to start by November 2016.
Venture Investing: Provide support on the identification and assessment of new investment opportunities, including completing prescreening analysis, conducting background research and financial modeling, and collecting/analyzing diligence documents.
Lead prospecting and strategy formulation for our global investments (with the potential to “own” on a region of interest), including market research, sourcing, building referral network, defining engagement model, and liaising with in-country-based Accion staff
Portfolio Support: Provide portfolio management support to investee enterprises, including (as applicable) creation of a business plan, financial modeling, strategy, lead generation/prioritization, introductions/connections, fundraising, and leveraging Accion resources and expertise to benefit the investee.
Operational Support: Assist with the management of deal roster/deal log on Salesforce, coordination of documentation and data rooms (as necessary), process improvements to enhance internal effectiveness and productivity, and liaising with internal and external partners on matters such as financial reporting, budgeting, legal compliance, and HR.
Create, track and analyze internal metrics related to investment performance and social impact.
Knowledge Sharing: Research and development of thought pieces around key themes or sectors, sharing learnings within Accion and via blogs / social media.