Senior Portfolio Management Associate

About All On

Nigeria has a 175,000MW power gap and an estimated 28 million households and 11 million SMEs that are either totally offgrid or who receive less than four hours of power per day (bad grid). This amounts to 120 million people living without access to reliable and affordable power.

Addressing Nigeria’s access-to-energy challenge requires both traditional large-scale power supply approaches and distributed power innovations which are smaller-scale, lower cost, and quicker to bring to market.

All On Partnerships for Energy Access (‘All On’) was established by Shell as an independent impact investing company to work with partners to increase access to commercial energy products and services for under-served and un-served off-grid markets in Nigeria, with a special focus on the Niger Delta.

All On builds values-driven local and international partnerships to help scale business models. It seeks both financial returns and social impact - to provide and/or improve access-to-energy for millions of households and SMEs. The company operates a lean structure to ensure efficiency and speed and continues to leverage expertise from Shell and other partners.

It invests in off-grid energy solutions spanning solar, wind, hydro, biomass, and gas technologies deployed by both foreign and local access-to-energy companies to complement available grid power across Nigeria and help bridge the significant energy gap. It provides debt and equity capital to early and growth-stage businesses in Nigeria’s nascent off-grid energy sector. Due to the scale of the energy gap in Nigeria, All On also partners with other (development) financing institutions to develop enabling finance facilities that all businesses in the Nigerian off-grid energy sector can access.

To ensure an enabling environment for sector players and further de-risk its investments, All On also works with partners to carry out market-building activities for off-grid energy, including advocacy, research, consumer awareness, and capacity building.

What will you do?

You will be responsible for investee management, portfolio company governance and post-deal operationalization. Governance and management of All On’s portfolio companies covering debt, equity and other investments.

You will be responsible for helping to set and drive the portfolio management function within the All On Investment Team. You will play an active role in the areas of investee management, including the monitoring of investee companies’ performance, the provision of strategic guidance and support, the identification of opportunities for value creation and optimization at investee companies. You will also be ensuring that All On’s stringent ethics and compliance standards are adhered to by investee companies, while also tapping into the All On’s deep bench of partners and tools to provide much-needed non-financial support & guidance to investee companies as may be needed.

You may also handle tactical deal delivery activities for select deals to keep your opportunity and transaction maturation skills sharp. This will involve, but not be limited to financial modelling, market research, due diligence, term sheet drafting and negotiations, investment committee memorandums, deal closing, and disbursement. Post-deal investment monitoring, governance and evaluation will remain your core remit.

You will work in a high-energy, impact-driven environment.

The selected candidate will be required to do the following:

• Conduct detailed financial analysis of investee companies, including financial statement analysis, forecasting, and scenario modeling.
• Monitor and track All On investee companies’ performance metrics, including revenue, profitability, cash flow and KPIs.
• Work closely with investee company management teams to develop and execute strategic plans, identify and pursue growth opportunities, and overcome operational challenges.
• Identify and evaluate opportunities for value creation within investee companies, including potential add-on partnerships. Collaboratively develop value creation plans for investee companies.
• Prepare presentations and reports on portfolio company performance for internal and external stakeholders, including investors, investment committee members and board members.
• Participate in strategy development for the All On portfolio (optimizing portfolio structure based on portfolio performance analysis etc.
• Stay up-to-date on industry trends, competitor activity, and emerging technologies to inform investment decisions and the provision of top-quality strategic guidance to All On’s investee companies.
• Perform any other work-related duties as may be assigned to you.

What we need from you:

• A strong portfolio management background, with 8-10 years’ experience from an infrastructure focused Private Equity fund or energy/infrastructure focused Venture Capital (impact or fully commercial). Relevant experience with companies holding significant interests in other companies also required.
• Undergraduate degree from a reputable institution in finance, economics, mathematics, accounting, and business administration – though the possession of relevant experience and expertise is more important to us. Having an MBA and/or CFA accreditation is a plus – but not as important as you possessing significant domain experience and expertise.
• Strong financial analysis and modeling skills, including proficiency in Microsoft Excel and financial modeling software.
• Experience in the Energy Access sector, specifically in decentralized renewable energy solutions (e.g. solar home systems, battery-as-a-service, minigrids, cold storage etc.) would be beneficial.
• Excellent communication and interpersonal skills, with the ability to build strong relationships with investee companies’ management teams and internal stakeholders.
• Demonstrated ability to work independently, manage multiple projects simultaneously and meet tight deadlines.
• Strong sense of integrity and ethics, intellectual curiosity and a strong sense of work-ownership.
• Strong analytical skills, with a focus on delivering high-quality work products.
• Knowledge of the Nigerian, regional and global venture capital and startup ecosystem, including trends, best practices, and key players.
• An ability to combine big-picture, strategic thinking with attention to detail.
• Strong problem-solving skills, professionalism and business acumen.

What we offer you:

• At All On we're committed to investing in the development of your career and we give people with your skills a platform from which you can deliver, create substantial impact, and grow professionally with a fast-growing, agile and open organization.
• All On is a company with shared values. Honesty, integrity and respect aren't simply a strap line, but are a part of everything we do. What's more, we're a company that places the highest possible value on the diversity of our people and on our inclusive approach;
• A company where you can take pride in your accomplishments and contribute to our efforts towards addressing Nigeria's most pressing development challenge – the provision of sustainable access to energy to all.

How to Apply

Interested and qualified candidates should send their Cover Letter & Resume to: HR@All-On.com using "Application for Senior Portfolio Management Associate Position" as the subject of the mail.

Remuneration: Competitive based on experience and expertise level

Location: Lagos, Nigeria

Application Deadline: May 20^th, 2024