This Investment Manager role is for the H2R Development Facility, which uses a range of financial instruments and grants to invest in off-grid solar companies working to provide energy access for unelectrified households. This role will be directly involved in sourcing, evaluating, underwriting and managing private investments for off-grid solar enterprises to expand and grow in identified H2R... countries.

The salary for this role is competitive; and commensurate with experience. 

Reporting: This role will report to the Head of the Development Facility

Responsibilities


Lead multiple transactions in parallel throughout the entire deal lifecycle, from origination to closing with a focus on financial and impact due diligence.
Conduct financial analysis and create financial models (for both debt and equity).
Write Investment Memoranda and present investment opportunities to the Investment Committee.
Monitor investment performance, including impact and financial targets (e.g. covenant compliance).


Profile


Experience with leading on investments throughout the entire deal lifecycle.
Investment structuring experience, ideally using different financial instruments to maximise impact.
Strong analytical skills and ability to build financial models for corporate finance transactions.
Around 5 years of work experience and at least 3 years of experience in finance, ideally in an investment capacity leading or supporting on debt and/or equity transactions.
Great communication skills and ability to develop relationships with internal and external stakeholders.
Experience investing or working in Sub-Saharan Africa
Experience in energy access is desired. 
Candidates applying from Nigeria or Kenya must be eligible to work in that country. more

The Senior Finance Associate will play a key role in supporting Acumen East Africa and the Global Finance functions to provide accurate and timely accounting deliverables in the region. The role works across multiple teams, and one must have the ability to build relationships and trust by having a solutions-oriented mindset.  The role reports to the East Africa Associate Director, Finance and... Administration and collaborates with Acumen’s Controller NY on monthly financial reporting.
Specific responsibilities include but are not limited to:
Financial Accounting and Treasury accountabilities

Process all financial transactions through purchase orders in NetSuite in line with the Budgets and grant codes.
Reconcile vendor invoices and/or statements to ensure that all outstanding bills are paid regularly after goods and services are rendered. Follow-up on any outstanding issues with vendors and service providers.
Independently checks the vendor payments to ensure value for money on procurement of goods and services/contracts and assist budget owners with the review of pricing.
Ensure all payments are appropriately supported with adequate documentation, that the relevant approvals are obtained from the budget holders, and are in accordance with the approved budget levels/limits
Conduct regular reviews of cash flows and ensure that bills and invoices are paid in a timely manner.
Review employee expense reports for receipts and approval in adherence with travel policy, input in accounts payable for payment, and implement appropriate action for any outstanding balances.
Manage and maintain, an accurate and efficient month-end close process by BD 5 through NetSuite and Floqast- reconciliations, amortizations, and depreciation.
Prepare and review monthly P&L statements, Balance Sheet, Trial Balance, and Cash Flow Statements for accuracy.
Perform all the monthly overhead allocations and ensure that the fund assignments and cost centers and expenses are accurately allocated.
Prepare and book general accrual and correct journal entries, and intercompany journal entries as appropriate, and ensure that all the financial transactions are captured in the systems at all times.
Prepares monthly bank and all balance sheet account reconciliation and uploads it on G-Suite.
Prepare and maintain the Property, Plant and Equipment (PPE) schedules and reconciliations of the Fixed Asset Register in the NetSuite asset module monthly.
Conduct training sessions for new staff members regarding financial policies and procedures.
Maintain a database of all the invoices and payment vouchers both electronically and physically monthly.

Audit and Compliance.

File all the statutory deductions-NSSF,NHIF, HELB, NITA on a monthly basis
Maintains the Statutory Payment Schedules- PAYE, PENSION, NHIF, NSSF, HELB, and NITA.
Prepare and maintains reconciled Withholding VAT,Withholding Tax and VAT reports on a monthly basis aligning with KRA Itax.
Responsible for ensuring expenses charged to the AEA activities comply with Acumens policies and local regulations.
Ensures that all the applicable taxes are deducted and remitted as and when they fall due.
Prepare and provide all the required documentation schedules during the annual audit.

Administration and Fixed Assets

Maintain a database of all commercial and consultancy contracts.
Undertake an annual stock take of the AEA fixed assets and advise on the revaluation and disposal of assets.

Qualifications & Skills:

Bachelor’s degree in Accounting and ACCA or CPA (K) qualifications completed. 
Minimum 7 years’ demonstrated experience in accounting and auditing, with a minimum of 2 years leading a Finance/Accounting function of an organization
Strong command of accounting theory and practice; knowledge of NetSuite a plus
Experience in preparing for and driving audit-related deliverables
Advanced working knowledge of Microsoft Excel
Commitment to accuracy, attention to detail and follow-through
Demonstrated ability to build relationships and work effectively in multicultural teams.
Ability to work with minimum supervision, should be a problem solver and must be able to prioritize complete assigned tasks on time
Strong ability to multitask, prioritize, and meet deadlines in a high-pressure environment
Self-reflective and aligned with Acumen values
Permanently authorized to work in Kenya more

Principal Areas Of Accountability

Deal Documentation & Coordination: The Legal Counsel will work closely with the AEA investing team (and other teams that invest into East Africa) to drive Acumen’s early stage equity, quasi-debt, and other investments. To the extent capacity is available, the Legal Counsel will also support investments for Acumen’s portfolio teams in other regions. The role... will assist the teams from end-to-end of an investment lifecycle: from structuring deal instruments, developing term sheets, conducting due diligence, negotiating and finalizing investment documentation, managing outside counsel, to coordinating stakeholders to closing. The role will also provide legal advice to the teams as needed during the pre- and post-investment stages, including on corporate governance and board matters, and provide learning sessions to the team from time to time.
Contract Review and Management: The role will involve grant and commercial contract drafting and review for AEA teams and, to the extent capacity is available, Acumen’s Global teams. The scope may range across charitable and commercial issues, including general contract, intellectual property, data privacy, employment, governance and formation matters. Familiarity with legal issues specific to Kenya is required; familiarity with legal issues specific to 501(c)(3) organizations (a U.S. designation) is a plus. Responsibilities may include providing learning sessions to the relevant teams from time to time.
Global Legal Operational Support: The role will involve spearheading and/or managing operational initiatives relating to legal matters, cross-functionally and cross-regionally throughout Acumen. Support may range from developing and communicating internal legal guidance, updating processes to reflect best practices under applicable laws, supporting teams with proper recordkeeping, and collaborating with the Director of Legal to create efficiency and scale within the Global Legal Team.
Compliance: The Legal Counsel, in collaboration with Acumen’s Risk and Compliance Manager, will ensure that AEA activities are in compliance with local laws and best practices, especially in regards to maintaining the legal status of Acumen’s local entities. Other responsibilities may include: navigating relevant local laws across multiple jurisdictions, keeping abreast of regulatory developments, liaising with outside counsel and memorializing guidance, rolling out compliance recommendations and advising programmatic teams accordingly, and providing learning sessions to the AEA team from time to time on regulatory and compliance matters.
Project Management: The role requires developing and implementing various projects on behalf of the AEA and Global teams, including working with colleagues across functions, self-discipline and problem solving to progress in the face of uncertainty, and creating milestones toward timely execution. An example may include strategizing on efficient investment processes, including developing templates and resources as needed in collaboration with the programmatic teams.

Qualifications And Skills

Minimum of 5 years experience practicing transactional law, in particular: (1) strong commercial/corporate law background with experience in transaction advisory work covering equity and quasi equity financing structures and (2) experience working directly with investor clients.
Fluency in English.
Familiarity with venture capital investing is a plus, as is experience in the developing world or with an impact-oriented investor.
Ability to navigate ambiguity, distill complicated ideas in a clear and straightforward way, think strategically, and develop innovative solutions.
Ability to work proactively and under pressure, as well as deliver projects independently with minimal oversight required.
Ability to stay organized and keep stakeholders in the loop. Good project management and stakeholder management skills.
Familiarity with financial concepts and instruments, investment vehicles, investments, acquisitions, and similar transactions.
Strong organizational and diplomacy skills, including excellent written and verbal communication skills.
Commitment to accuracy, attention to detail and follow-through.
Amenable to working with different time zones in an efficient manner.
Commitment to, and enthusiasm for, the organization’s mission and business model.
Ability to remain cool-headed in unexpected or emotionally charged situations, using pragmatism to stay focused on the greater goal, and withstanding the tests of a rapidly changing environment with resilience, resolve, empathy and humor.
Experience with non-profit and/or investment regulations and compliance a plus.
Self reflective and aligned with Acumen values.
Permanently authorized to work in Kenya, with a license to practice law. more

About the Role
The Associate Director will evaluate new investment opportunities, conduct due diligence on high potential opportunities as they arise, and structure deal terms as well as manage our existing portfolio and actively drive and deliver exits from investments that have served their purpose. The role will model the principles of investing as detailed by Acumen.
Responsibilities... include:
Identifying investment opportunities and due diligence

Identify, cultivate, and review a pipeline of companies working to solve an important problem for low-income learners. Evaluate their model and market opportunity.
Conducting due diligence and investment analysis, including financial modeling, valuation review, and structuring.
Prepare and present investment documentation for Acumen East Africa’s Investment Committee
Lead the closing of transactions including negotiations of investment conditions (i.e., price, shareholders rights) along with the investees and Acumen legal team
Actively work to simplify terms while holding principles.

Post Investment and Metric Evaluation

Assess portfolio company needs related to post investment support, assess how to add value to the companies (Is it strategy? Cash flow? Operations? Talent? Where should they focus and why? How can you help?)
Build a network of potential impact funders/investors for the technical assistance or other funding requirements of investees to scale their businesses.
Execute on Performance Based Financing goals for our Education portfolio
Identify Acumen community members who could represent Acumen at the board level and potentially serve on a board. 
Actively support and lead the scheduled exit roadmap for a few portfolio companies.
Represent Acumen on the board of Acumen’s legacy portfolio company.
Actively support select companies on governance, finance asset management and leadership

Knowledge Management and Thought Leadership:

Lead the insights generation work on existing portfolio and also document it in a well formatted and succinct manner for future reference.
Lead the Acumen East Africa team to analyze and document data-driven explanations for portfolio decisions; to extract and document investment-specific and general insights; to analyze metrics data to identify patterns; and to channel that data to outputs for marketing and fundraising efforts.
Produce discrete knowledge and research materials based on lessons from Acumen’s portfolio 
Manage the Education Advisory Committee and prepare the Annual Education Report
Contribute to fundraising strategy, proposals and budgets to facilitate growth. 
Represent Acumen East Africa’s Portfolio work at all global portfolio forums.
Participate in development and implementation of other Acumen initiatives and projects.

Team Leadership

Manage 2-4 team members, coach and support them in developing investing skills related to financial modeling, relationship management, deal negotiation and post-investment support
Work in close partnership with the East Africa Director and across the global investment teams to support sector-specific initiatives and share learning.

This role will report to the East Africa Regional Director.
Qualifications and Experience

Bachelor's Degree is required, Master’s degree preferable
10-15 years of experience in venture capital, with preferred 7-10 years of investment experience with private equity, investment banking, or investment management, including experience with financial and operational due diligence of early-stage businesses
Understand Performance Based Financing
Experience with financial and operational due diligence of early-stage businesses.
Superior financial, modeling and business analysis skills; demonstrated by prior experience.
Solid operational skills including problem solving and project management skills, including ability to work and deliver projects independently, proactively and under pressure.
Significant commitment or experience with the social enterprise sector in West Africa, demonstrated commitment to tackling challenges of poverty.
Excellent written and oral communication skills; ability to present arguments and analysis in a clear and succinct manner to Acumen management, partners and investees
Strong ability to take initiative with research and analysis and produce valuable results in conditions of uncertainty
Self-reflective and aligned with Acumen values
Must be permanently authorized to work in Kenya more

The Role
The Program Data Analyst will support Acumen's programmatic initiatives in East and West Africa by managing and coordinating all program-related data collection, data validation, and data processes.  This is a new position at Acumen and will report to the Associate Director of Finance in East Africa, and secondarily to the Manager of Portfolio Finance in New... York.
Responsibilities

Stay up to date on understanding programmatic objectives and related data metrics.
In collaboration with the Associate Director of Finance (East Africa) and the Manager of Portfolio Finance:

 Evolve and design the ongoing program data reporting calendar.
 Coordinate with Programmatic team members to define data collection needs/cadence
 Collects, processes, and manages the data sets assigned to the Program Data Analyst
 Oversees timely collection of data sets assigned to Programmatic team members.
 Sorts, updates, and merges data files from a variety of sources


Ensures the quality and accuracy of collected or derived data, including identifying anomalies that require resolution prior to analysis and reporting.
Drive thoughtful data governance and implement robust data collection, monitoring, validation processes; recommend changes that will enhance workflows and procedures
This role will coordinate with members of the East and West Africa program teams to ensure data collected meet with, and complies with donor requirements.
Communicate data collection lags to the Associate Director of Finance (East Africa)
Ensures timely availability of data to the larger Acumen environment.
Respond to ad-hoc requests for this data, build repetitive queries to improve timeliness of response times.
Participates in new product implementations and other improvement projects by capturing, documenting, and validating business requirements, ensuring systems are properly set up for go-live
Communicates appropriately with all necessary clients and stakeholders.
Integrates new or existing technologies into workflows and communicates updates to all team members, analyzing impact, preparing environment for change, and updating or creating procedures.
Participates in special projects and performs other duties as assigned.

Qualifications

 Need atleast 2 years of work experience in data management
 Understands the importance of data accuracy and integrity, with experience in a data-driven role
 Experience in performing data analysis and defining data integrity/data controls framework.
 Familiarity with investment data
 Need someone with attention to detail and process-driven mindset to optimize reporting capabilities.
 Need someone with analytical & problem-solving skills with a logical approach
 A self-starter; able to work collaboratively.
 Good communication skills; able to convey concepts to technical and non-technical people
 Self reflective and aligned with Acumen values
 Permanently authorized to work in Kenya more

Accountabilities In This Role Will Include

Supporting ESG monitoring and reporting across various funds, including policy design and implementation
Supporting stakeholder engagement across various funds
Monitoring improvements to the ESG library to optimize relevance and usefulness
Co-developing new resources for various funds including trainings and templates
Researching and reporting on... US, UK, and EU ESG and climate regulations and providing recommendations around implementation and disclosure
Synthesizing ESG data and narrative into clear insights, supported by evidence, with recommendations for action
Ideating and testing different systems for gathering ESG insights and impact from Acumen’s portfolio

Skills And Qualifications

Minimum of 4 years of experience in ESG investing, impact investing, or sustainable finance.
Bachelor's degree with a focus on social enterprise, sustainable finance, or international development.
Strong understanding of ESMS and ESG policies, procedures, metrics, standards, and Scope 1, 2, and 3 calculations across sectors
Strong ability to take initiative with research and analysis and produce valuable results in conditions of uncertainty
An investigative mind and an ability to synthesize disparate data to draw conclusions and propose recommendations
A sense of proportionality in determining practical approaches to requirements with a focus on substantive value add and beneficiaries
Strong project management and stakeholder management skills and experience managing internal teams towards a common objective
Strong organizational skills and an ability to set up efficient systems for managing data, processes and information
Strong writing and presentation skills
Ability to thrive when there is ambiguity, remain cool-headed when there are unexpected obstacles, and withstand the tests of a rapidly changing environment with resilience and resolve
Self -reflective and aligned with Acumen values.
Must have authorization to work in Kenya on a permanent basis more