Credit Manager

About the Private Infrastructure Development Group 

The Private Infrastructure Development Group (PIDG) is an innovative infrastructure project developer and investor which mobilises private investment in sustainable and inclusive infrastructure in sub-Saharan Africa and south and southeast Asia. PIDG investments promote socio-economic development within a just transition to net zero emissions, combat poverty and contribute to the Sustainable Development Goals (SDGs). PIDG delivers its ambition in line with its values of pioneering, partnership, safety, inclusivity, and urgency.

PIDG offers technical assistance for upstream, early-stage activities and concessional capital; invests in early-stage project development and project and corporate equity through its project development solution, InfraCo; its debt solution EAAIF (the Emerging Africa & Asia Infrastructure Fund) is one of the first and more successful blended debt funds in low-income markets; and its guarantees solution, GuarantCo, provides credit enhancement and local currency solutions to de-risk projects. PIDG also supports a growing portfolio of local credit enhancement facilities, which unlock domestic institutional capital for infrastructure financing.

Since 2002, PIDG has supported 258 infrastructure projects to financial close, which provided an estimated 232 million people with access to new or improved infrastructure. PIDG is funded by the governments of the United Kingdom, the Netherlands, Switzerland, Australia and Sweden, and Global Affairs Canada. www.pidg.org

Role and responsibilities

The credit manager would be part of the credit management which is overseen by the Head of Credit. The team is currently based in London, Singapore and Nairobi. The main function of the risk management team is to ensure preservation of capital by acting as the “second line of defence” behind the investment team at GMC. The risk management team is responsible for the development of a portfolio which delivers on GuarantCo’s strategic intention of creating high Sustainable Development Impact (SDI) through local currency solutions, while minimising risks. The credit team is responsible for providing a constructive challenge to new business proposals, ensuring timely and ongoing monitoring of the existing credit portfolio and providing key risk inputs in determining strategic direction of the portfolio in various geographies where GuarantCo operates.

Credit Risk

• Thorough analysis of all new credit applications and review of proposals pertaining to exposures in the portfolio in the form of waivers/amendments/annual reviews. The credit facilities cover project finance, structured facilities and financing to corporate/financial institutions.
• Assessment of financial models and other materials, combined with in person meetings with our counterparties to provide a holistic assessment of the credit risk.
• Prepare an independent credit note highlighting the key risks, suggest suitable mitigants and provide clear recommendations to the credit and portfolio committees.
• Work with the Investment Team on the seamless transition of a transaction through the process of credit application, living term sheet and ultimately into documentation.
• Ensure regular and independent monitoring of the existing credit portfolio so that early warning indicators are identified and actioned upon on a timely basis. Ensure that all existing credit cases are being reviewed as stipulated in the credit policy and recommend more frequent reviews if required.
• Develop an understanding of key risks in the geographies where GuarantCo operates to be able to provide strategic credit inputs to the Investment Team at GMC.
• Assist with the coaching and development of the Investment team and other stakeholders in respect of key credit concepts related to financing in emerging markets and develop an appropriate risk culture
• Analysis of stressed assets and delivery of “Credit Lessons Learned”
• Provide key inputs to ongoing development of the GMC credit policy and various risk models related to ECL, PD, LGD for use in business decisioning as well as IFRS 9 accounting.
• It is anticipated that the credit manager will travel to support the business and visit existing and new clients.

Other

• Work with the Head of Credit, Deputy CEO and other members of the Senior Management Team on any other strategic initiatives as may be required.
• Monitor the credit sanctioning, including updating process on Trade Manager.
• Any other reasonable duties as may be assigned by GMC from time to time

Experience

• Management of credit risk in structured/ project finance transactions, corporate financing and credit facilities to financial institutions.
• Familiarity with guarantees and similar products from Export Credit Agencies, multilateral and bilateral development institutions, monoline insurers etc. is useful.
• Experience in engagement at credit committees with an ability to succinctly articulate key issues and mitigants to the senior management.
• Experience in management of a credit portfolio and development of appropriate tools and indicators to ensure timely identification of red flags.
• Good knowledge of transaction legal documentation in credit facilities.
• Ability to constructively challenge investment team with a solution-oriented approach.
• Expertise in infrastructure or related sectors.
• Solid understanding of frontier markets (ideally in Africa and Asia).
• Proven track record in developing talent, leading a team and mentoring team members.

Interpersonal

• Team player but able to work self-sufficiently.
• Good verbal and written communication at middle/senior levels.
• Ability to influence and obtain buy-in from a wide range of stakeholders.
• Cultural awareness.
• Good networker and relationship builder.

Please fill out the form on the 'Application' tab at the top of this panel.