Investment Manager at Shell Petroleum Development Company

Job ID: R58377
Job Family Group: Commercial and Retail
Worker Type: Regular
Business Unit: Integrated Gas

Job Description

• Shell’s Powering Progress Strategy includes the ambition to achieve net-zero emissions by 2050. Shell’s renewable power business is the growth pillar of this strategy, aiming to sell 560 TWh of renewable energy per year by 2030 to B2B and B2C customers, helping them decarbonize their operations and homes.
• The Powering Lives pillar of our strategy includes the ambition to provide reliable electricity to 100 million people in Africa and Asia by 2030. To achieve this, Shell’s energy access team is looking to build a commercial power business at scale in emerging markets in Africa and Asia, investing across all on-grid and off-grid power sector archetypes.

Where You Fit-in:

• As an Investment Manager with experience in investments in complex markets, you can make your mark by contributing to building Shell’s power business in Africa. As part of Shell’s energy access team in Shell’s Renewable & Energy Solutions, you will contribute to providing reliable energy to 100m people in emerging markets by 2030 through commercial investments in on-grid and off-grid power sector projects and companies.
• Today, almost 800 million people globally have no electricity access at all and 2 bn people depend on unreliable power supply.
• Shell’s energy access team invests in off-grid and on-grid power solutions, including solar home system and mini-grid companies, utility partnerships, larger-scale generation projects and power solutions for commercial and industrial clients that help these customers to decarbonize their operations.
• Africa continues to face significant energy access gaps as well as unreliable power supply for residential and business customers. Shell’s energy access team is looking to leverage Shell’s presence in key countries and existing energy access portfolio investments to build a commercial and impactful power business in Africa.

What’s the Role?

• As part of our growing energy access team, we are looking for an experienced Investment Manager with knowledge of the power sector and energy access landscape in Africa and a proven track record of originating, negotiating, closing and managing investments in commercial off-grid, on-grid and integrated power companies, joint ventures and projects across technologies and markets.
• The investment manager Nigeria and West Africa in the Energy Access team will be responsible for diligencing, executing and managing power investments and partnerships in Nigeria and West Africa to accelerate progress towards Shell’s ambition to deliver reliable electricity to 100 million consumers in emerging markets by 2030.

Your Further Accountabilities will include:

• Contribute to business development activities across national/regional power markets in Nigeria and West Africa.
• Contribute to the deal delivery of commercial power and energy access investments in companies, joint ventures and projects across the power sector spectrum (off-grid/mini-grid/on-grid distribution, generation, integrated power solutions) and across technologies.
• Conduct due diligence, financial modelling, contribute to deal structuring and participate in negotiations through to deal completion.
• Contribute to internal review and approval processes in line with applicable rules and procedures.
• Be responsible for ongoing portfolio management of specific investments.
• Bring knowledge of the power sector, conduct market research, identify trends and growth opportunities for Shell’s power business in Nigeria and West Africa.
• Develop and manage partnerships with corporate, financial, and governmental stakeholders at technical level to accelerate deal origination and execution.
• Engage in governance of portfolio companies, joint ventures and/or acquisitions (as applicable), and act as shareholder representative or support for performance excellence and enhanced value creation.
• Collaborate with internal partners regarding project development, partnerships, deal execution, portfolio governance, finance, HSSE et al. across the Shell Group.
• Contribute to operational plans, performance reviews and strategy updates.

The role requires:

• Willingness to travel to remote locations.
• A relentless focus on the external market and what it takes to be competitive.
• Strong delivery focus and ability to deliver under pressure.
• High capacity and self-sufficiency balanced with an ability to recognise when to seek help.
• Organised, able to prioritise time and opportunities to achieve greatest impact.
• Ability to work in rapidly changing uncertain business environments.

What We Need From You?

• We’re keen to hear from individuals with preferably minimum of 7-8 years of working experience in power sector investment in Africa and a Bachelor’s Degree in Economics, Finance or equivalent.

Alongside this, we’d hope to see the following on your CV:

• Relevant Degree in Economics, Finance etc. and at least 7 years of investment experience (corporate/project finance, private equity, M&A) in the power, renewable energy and/or energy access sectors in emerging markets, including in Africa.
• Investment experience across the various stages of power sector investments (development/construction/operations) and across several technologies (gas, wind, solar, hydro, geothermal, storage etc.).
• Experience/knowledge of on-grid and/or off-grid power solutions in emerging markets across technologies and financing options, including in Africa.
• Demonstrated track record of power sector deal execution in Africa, including identification of risks and value drivers and ensuring commercial project economics.
• Existing network within the emerging markets power and investment ecosystem in Africa.
• Good relationship management skills and experience of working across organisational boundaries, co-ordinating multi-disciplinary teams.
• Ability to operate effectively in a rapidly evolving, highly competitive and fast-paced external environment, understanding market trends and identifying strategic investment opportunities.
• Experience in navigating and managing information flows and stakeholders in emerging markets, including in Africa.
• Strong delivery focus and ability to deliver under pressure.
• High capacity and self-sufficiency balanced with an ability to recognise when to seek help.
• Organised, able to prioritise time and opportunities to achieve greatest impact.
• Strong communication skills.
• Fluency in English and French.
• The role requires to be based in or travel regularly to Africa.