Investment Associate

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

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.

Job Purpose

AIIM is seeking a talented individual, who is passionate about Africa and its development, to join the business and provide support to the pan-African Investment team.

Responsibilities

1. Financial analysis
   • Review and analyse financial statements
   • Build, review, run, modify, and interpret financial models, including use of VBA macros
   • Perform comprehensive company valuations
   • Review and analyse potential financing structures
   • Mentor analysts in financial modeling activities
2. Investment process and transaction execution:
   • Perform risk analysis
   • Manage due diligence processes and coordinate transaction advisors
   • Support senior team members in the negotiation of transaction and project documents
   • Compile bid documents in tender submissions
3. Investment papers and marketing materials:
   • Prepare investment papers
   • Company and market research
4. Asset management:
   • Track asset performance against original projections
   • Support portfolio companies in value-enhancing initiatives
   • Engage with portfolio company management
   • Investment valuation and investor reporting
5. Support senior team in deal identification and origination
6. Travel for project site visits as well as short- to medium-term assignments in AIIM offices across the continent

Experience and Core Competencies Required

• An Honours Financial degree or equivalent
• 3 - 6 years’ experience within an Investment Bank (M&A, corporate finance or project finance), Private Equity or “Big Four” accounting firm
• Excellent financial modelling skills
• Financial acumen – the capacity to demonstrate knowledge of and insight into financial principles and processes and identify inconsistencies in data
• Ability to apply sound business judgment and an analytical, pragmatic and creative approach to problem solving
• Attention to detail and strong focus on quality of results
• Experience in infrastructure: digital infrastructure, energy transition and/or logistics beneficial but not a requirement
• Desktop research capability
• Technically proficient (advanced) in Excel, Word, PowerPoint essential.
• Project/process management
• Ability to plan and prioritise effectively
• Commercial orientation
• Excellent verbal and written communication skills in English (French and/or Arabic beneficial)

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.

Skills

• Accounting
• Action Planning
• Analytics Software
• Budget Management
• Client Management
• Computer Literacy
• Data Classification
• Data Compilation
• Evaluating Information
• Financial Acumen
• Oral Communications
• Policies & Procedures
• Professional Presentation

Competencies

• Business Insight
• Communicates Effectively
• Courage
• Decision Quality
• Ensures Accountability
• Financial Acumen
• Instills Trust
• Manages Complexity

Education

Honours Degree (Hons)

Closing Date

22 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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