E+Co is a mission driven investment company that provides services and financing to clean energy entrepreneurs in Africa, Asia and Latin America. E+Co invests in enterprises that realize access to clean and affordable energy, resulting in job creation, economic and social development of rural communities and contributing to sustainable development.
With a presence in Latin America, Asia and Africa, E+Co invests in local enterprises that identify market based energy solutions that are environmentally sustainable and commercially viable. E+Co combines services and capital to support these local energy businesses. E+Co is a globally recognized leader in energy enterprise development - connecting organizations, programs, and human and financial resources worldwide to the small and growing businesses required for a sustainable energy future in developing countries. We monitor our investments via impact reporting, based on social, environmental and financial indicators. E+Co secures investment and operating funding from foundations, financial institutions and individuals, in the form of grants, contracts and borrowing.
At December 2008, E+Co invested in 242 energy enterprises in Africa, Asia and Latin America, mobilizing over $233 million of capital in addition to the $32 million it placed directly. In 2008, E+Co, through its Investment Committee, Officers and its subsidiary fund management company (E+Co Capital), approved 79 new investments totaling $17.8 million. Between 2009 and 2015, E+Co and its affiliates expect to invest over $100 million.
As of December 2008, E+Co Africa has invested over $7.6 million resulting in over 1.6 million people with access to energy services and offsetting over 478,000 tons of CO2.
E+Co is seeking an experienced professional to lead its Africa operations. The Director, Africa will have overall responsibility for the implementation, performance and growth of E+Co's Africa operations and investments. This will include managing a staff of 8-10 people based in Ghana, South Africa and Tanzania, to develop an investment pipeline leading to new investments and manage the existing portfolio in several countries. This will include ensuring compliance with investment guidelines, overall risk and diversification management and realizing the return objectives. The Director will work with E+Co's Senior Management to develop new markets and additional pipeline and if appropriate, design and establish regional funds in Africa.
The Director, E+Co Africa will report to E+Co's Chief Operating Officer.
Specific duties include:
1. Overall pipeline and portfolio management and administration, including investment selection and structuring, asset management, financial and investor reporting and implementation and supervision of liquidation strategies;
2. Develop and advance an investment pipeline of 'access to energy' and clean energy enterprises and projects;
3. Through management of the E+Co Africa team and direct engagement:
- Identify, analyze, approve, negotiate, close and monitor investments;
- Invest USD 10 - 15 million until end of 2011 in 20-30 enterprises;
- Provide direction and mentoring support to pipeline and portfolio companies in receipt of start-up and growth capital and assistance with securing further investment in partnership with co-lenders and investors;
- Effective impact monitoring / tracking of investments in accordance with E+Co's triple bottom line approach; effective exit of portfolio investments, realizing returns related to E+Co's objectives; and
- Active integration of E+Co's activities with other programs undertaken by participants and affiliate organizations.
- Improve operational efficiency of regional offices; recruit, hire and train staff, as needed.
- Collaborate with E+Co's Senior Management to explore further growth of portfolio and funding basis in Africa, e.g. via structuring a regional fund(s); if appropriate, develop and implement a business strategy and fund raising plan.
- Promote E+Co Africa's results at conferences, meetings, events.
Qualifications:
1. More than 10 years experience in small and medium enterprise investing, corporate finance, project finance, credit approval and risk assessment.
2. Demonstrated knowledge of renewable energy, energy efficiency and cleaner production technologies and business models.
3. Proven experience building a viable investment pipeline.
4. Demonstrated ability to develop business strategies to grow programs and/or organizations.
5. Successful experience performing asset management of an investment portfolio in Africa;
6. Extensive market knowledge and network of key stakeholders within the clean energy sector, such as government agencies, local and international financial sector, NGOs and entrepreneurs.
7. Extensive knowledge of country regulatory frameworks and regulations relevant to the energy sector.
8. Demonstrated ability to manage decentralized operations and investments within Africa and operate as a team player.
9. Background in business administration, finance and banking; MBA preferred.
10. Supervisory and staff management experience.
11. Fluency in English and French; Swahili language skills a plus. Demonstrated superior communication skills.
Location: This position will be located in Dar es Salaam, Tanzania with international travel within Africa and to Europe and the US regularly.
Please send resumes by November 23, 2009:
Applicants are requested to send a full CV/resume and cover letter by e-mail to Gina Rodolico at ecojobs_Africa@eandco.net.
