Job Description
Department
Investment
Posting Date: July 11, 2022, 4:35:46 PM
Primary Location: Quebec-Montreal
Job Type: Permanent
Schedule: Full-time
Overview
FinDev Canada, Canada’s bilateral development finance institution, was established in January 2018. Headquartered in Montreal, FinDev Canada is a subsidiary of Export Development Canada (EDC), Canada’s export credit agency.
FinDev Canada’s mandate is to leverage the capacities of the private sector in emerging markets to further the economic, social, and environmental development through the provision of debt and equity investments, including blended finance solutions, along with technical assistance and knowledge sharing. FinDev Canada works through the private sector in a manner consistent with Canada’s international assistance priorities, by supporting private enterprises and mobilize private capital, both domestic and international, in Sub-Saharan Africa and Latin America and the Caribbean aligned with the Sustainable Development Goals and Paris Agreement commitments. By providing support to businesses in developing countries, we intend to have a favourable impact on poverty reduction through job creation, women’s economic empowerment, and climate change action. We achieve this by focusing on three priority sectors: Agribusiness value chains, Sustainable Infrastructure, and the Financial Industry
Team & Job Overview
FinDev Canada is seeking an experienced Director of the Portfolio Management Unit. The Portfolio Management Unit is an integral part of the Investments Team, who as a whole is responsible for originating, structuring, and managing tailored financial solutions to private sector companies contributing to the sustainable development of developing countries.
FinDev Canada is looking to identify a candidate with experience in all phases of a transaction life, from origination to exit, including negotiation, structuring, documentation, credit approval process, closing and transaction management post-closing. As the Director, Portfolio Management, the candidate will need to hire, coach and develop a team that will work together with colleagues in Investments and across the organization in understanding the customer’s needs, structuring solutions which address those needs, assessing credit risk and recommending risk mitigation strategies, as appropriate. The Director, Portfolio Management and his/her team are expected to become directly responsible for investment assets post-closing and maintain excellent client relationships. As part of a new organization, the successful candidate will be expected to play a key role in the evolution and continuous improvement of FinDev Canada’s practices and processes.
Key Responsibilities
- Lead a team that takes responsibility and manages FinDev Canada’s client portfolio, maintains effective relationships with clients and partners, monitors risks and manages them according to FinDev Canada’s internal processes.
- Work closely with internal subject matter experts, such as legal, risk and others, to maintain a wholistic view of each investment while effectively leading and managing the client relationship.
- Hire, motivate, train, coach and develop an effective and client-responsive portfolio management team.
- Review and develop existing Portfolio Management processes to ensure FinDev Canada alignment with industry best practices in Portfolio Management activities.
- Review draft and existing loan, equity, fund, and project finance documentation to ensure workability and the accuracy of all financial details and compliance with the FinDev Canada’s policies and procedures.
- Lead the team’s efforts to review and approve disbursements to mitigate risks and losses by ensuring all procedures related to the disbursement process, are adhered to, acting as a guardian to ensure a consistently high standard.
- Apply judgement and interpretation to lead the internal approval process and draft legal documentation for waivers, consents, amendments, and notices in order to protect the interests of FinDev Canada and eliminate potential events of default.
- Track FinDev Canada’s counterparties covenants (financial, reporting, ESG) to ensure they are complied with, and take appropriate action in case of any breaches.
- Manage and perform the annual reviews and periodic valuations of each investment in the portfolio.
- Develop adequate portfolio reporting.
Screening Criteria
- Minimum 12-15 years of experience in managing a portfolio of investments in a development finance institution or a multilateral development bank.
- Strong experience in banking, legal and credit and in-depth knowledge of investment banking products including term loans, revolving loans, trade facilities, syndicated loans, equities, funds, bonds, grants, parallel loans and guarantees.
- Advanced knowledge of structuring/restructuring in commercial lending and equity investments and/or loan portfolio management in developing markets
- Networking and relationship management skills
- Excellent problem solving, people and conflict management, communication and presentation skills.
- Master’s Degree with a specialization in Business / Finance / Accounting, or equivalent
- Fluent in one official language (French and English), with a strong preference for fluency in both official languages and Spanish.
Assets
- Experience working in the field of corporate finance or private sector development finance, in particular a DFI or an MDB.
- Experience working in developing countries.
- Understanding and experience with economic and development issues in developing countries.
- Experience in one or more of the following sectors: Renewable energy and Climate Finance, Infrastructure, Agri-food supply chain, Financial Intermediaries in developing markets
Location
- The position is based in Montreal and will involve travel internationally.
How to apply
Only candidates selected for an interview will be contacted.
Application deadline on www.edc.ca/careers: July 22, 2022, 11:59:00 PM
