INVESTMENT OFFICER (SOCIAL IMPACT INVESTING)

Job title: INVESTMENT OFFICER (SOCIAL IMPACT INVESTING)

Company: VVOB vzw

Job description: Omschrijving van de vacature

Kampani is an impact-first investment fund exclusively targeting the hard part of “missing middle” in agro-food chains across the developing world. We provide patient growth capital for capex-heavy investments. Please see below more information about our unique fund.

We are seeking a dynamic, experienced, and entrepreneurial investment officer with a passion for supporting farmers in the global south to support our growing venture.

You will be entering a fast-paced environment, working alongside the Executive Director and Senior Investment Manager overseeing our current portfolio and supporting management in growing our fund from 4 million EUR to 20 million EUR over the next few years.

Kampani currently has a small team. Versatility and flexibility are required. You will be given a lot of responsibility. You will report to Kampani’s executive director and the senior investment manager.

Function and responsibilities

Portfolio building and management

  • Help filter through deal potential and select the most promising files
  • Keeping the deal tracking tools up to date
  • Under the guidance of the senior members of the team, analyse and assess business and financial plans, cash flow projections
  • Contribute to development of materials for various stages of assessment process including DD reports, investment memos, and presentations for the IC
  • Draft contracts and social business charters
  • Help ensure compliance of information obligations of investees

Stakeholder engagement

  • Manage the Kampani website and its social media presence
  • Draft newsletters to the share- and stakeholders
  • Draft the one-pagers on new deals, keeping them up to date
  • Prepare reporting for Board and General Assembly
  • Develop and keep updated fundraising materials
  • Attend all meetings of the Investment Committee and the Board and draft the meeting minutes

Administrative support

  • Schedule meetings, coordinating across multiple time zones
  • Keep the Kampani server organised as well as the physical files
  • Manage ‚back of the house‘ operations and finances
  • Monitor repayment schedules
  • Communicate due dates and ensure timely repayments

Other tasks as required to support the team in accomplishing Kampani’s mission

Requirements

  • Interest in impact investing in the Global South
  • Strong financial background is a strong plus
  • First class university education, master’s degree or higher, preferably in finance, business administration, development economics, or related field.
  • At least 4 years of relevant experience in investment banking, fund management, development economics, or comparable field.
  • Strong writing, editing and analysis skills.
  • Language: verbal and written fluency in English. Spanish and/or French fluency is strong plus.

Candidate Profile

  • Quick and responsive learner, open to receiving and/or giving feedback and a wizard at prioritising a number of competing tasks and responsibilities.
  • MS Office proficiency (particularly Word, Excel, and PowerPoint).
  • Ability to work in a structured and precise manner, above average project management skills.
  • Experience reading and assessing business plan and financial plans.
  • Willingness to work evenings when time differences of investee locations require
  • Strong communication skills and the ability to articulate and convey important messages in a compelling manner.
  • Inter-cultural and inter-personal aptitude; able to work successfully with people from different backgrounds and incorporate their lived experience into collaborative projects.
  • Passionate about and committed to social impact and ESG principles.
  • EU work permit required.
  • Position based in Brussels, Belgium.

Gewenst profiel

ABOUT KAMPANI
A social impact fund
Kampani is set up like a commercial growth capital fund, yet adapted to the particularities of producer organisations in Africa, Asia and Latin America. It has raised capital from a consortium of the King Baudouin Foundation, private individuals, social investors and NGOs, a combination which offers the greatest chance for success. The private investors bring the discipline of the market and business acumen and they ensure proper and qualitative due diligence and risk management. The NGO shareholders identify potential deals and bring the logic and constraints of the developing world into the investment decision-making. They also represent Kampani’s eyes and ears on the ground post-deal.

Kampani is at an exciting strategic growth point. After proving the model successful over the past 5 years, the Board has concluded that Kampani’s type of finance and its resulting impact deserves to be scaled. As such, we are seeking to simultaneously grow our team alongside growing the fund. This position represents the opportunity to help shape and cultivate the future of a highly impactful investment fund that prides itself on being an exemplary model in the impact investment industry.

Operationally, Kampani has worked with Alterfin for due diligence, back office, portfolio monitoring and other tasks. In our growth strategy, we are looking to move more of these services in house, while simultaneously maintaining a light structure.

To help mitigate the risks, Kampani’s investments may be combined with continued capacity building, training and other forms of support for the producer organisation. For this, it counts on the expertise of the NGO shareholders: Rikolto, Louvain Coopération, Trias, Oxfam Wereldwinkels and Broederlijk Delen. Kampani will always negotiate a mandate on the Board of the investee to monitor progress closely and provide advice.

The Missing Middle
Some producer organisations in the South make impressive social and economic progress. Increasingly, these farmers no longer see themselves as poor – trying to survive – but as ambitious, rural entrepreneurs. They have become catalysts for development. But as these organisations grow and expand, they face a huge obstacle: lack of access to capital. They have outgrown the microfinance market, but are still too small and fragile to be eligible for the traditional investment market or even for most social investors. They are confronted with the so called missing middle.

Kampani stands out from other social investors thanks to an audacious combination of strategic choices:

– Investing directly and strengthening the balance sheet of the investee through the use of equity or quasi-equity
– A long investment horizon of up to 10 years
– Only in the agro-food value chain
– Active involvement in the governance of the investee
– Small investment amounts (100k to 500k euros), with add-on opportunities raising exposure to a maximum of 1 million.

This pioneering combination of strategic choices constitutes Kampani’s unique selling proposition. Having built a rather exceptional ecosystem via its shareholders – comprising most of the relevant players in Belgium – and a limited number of close partners, Kampani is convinced it can face the challenges inherent to this approach. For instance, Kampani sources its deals via this network. This generates significant cost savings and accelerates the trust building between Kampani and the investee.

Our added value
Kampani invests in businesses of producer organisations of smallholder farmers in the South. The investment targets can be businesses or cooperatives which produce, process, trade and/or market agro supply, farming products and their derivatives.
By targeting the missing middle, Kampani aims to:
– increase the farmers‘ income
– improve the farmers‘ position in agricultural product chains
– contribute to the development of their communities

The social impact is a crucial part of the investment decision-making. Kampani gives equal weight to the social impact on smallholder farmers and to the financial return on investment.

For more information please visit our website:

Ons aanbod

What we offer

  • An open-ended employee contract after trial period.
  • Dynamic environment ripe with opportunity to help grow an innovative social impact investment fund.
  • Exposure to and interaction with (senior) leadership of co-actors in the agri-food eco-system and impact investment sector
  • No two workdays are the same.
  • Compensation package commensurate with experience.

Contact

Wouter Vandersypen, Executive Director

Selectieprocedure

The process

  • Submit your resume and motivation letter to

by 15 September 2021. No application will be received after that date. Only applications sent to this email address will be considered. * Longlisted candidates will be interview by the Executive Director via a telephone interview.

  • Shortlisted candidates (a maximum of 3) will be invited to come to Brussels for an in-person interview with the Executive Director and the Chair of the Board of Kampani. For people living outside of Belgium, a budget of 500 EUR is available to cover travel expenses upon submission of invoices.
  • We hope to fill this position as soon as possible.

Expected salary:

Location: Brussel

Job date: Fri, 20 Aug 2021 22:58:15 GMT

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