Investor Relations Associate at iRecruiters Africa Limited

Job Objectives:

• The Investor Relations Associate works in the Investor Relations team to execute administration functions for the fund’s operations and reporting. The IR Associate is also responsible for key aspects of investor reporting and communications.
• The role involves significant interfaces with the Fund Finance and Investment teams
• It also liaises closely with the Fund’s offshore administrators to manage the outsourced aspects of the function.

Key Responsibilities:

• Fund Operations
• Plan, process, follow-up and report on fund operations (capital calls and distributions) in compliance with fund agreements and using the Company’s eFront software.
• Work with Fund Managers and Fund Financial Controllers (FC) to forecast fund cash flows and determine amounts for each capital call and distribution.
• Coordinate interfaces with Firm and Fund Finance on Fund/ SPV operations
• Work with offshore administrators to prepare board resolutions to approve fund operations
• Prepare high quality, informative capital call and distribution notices.
• Investor/Regulatory Reporting
• Coordinate preparation fund quarterly valuations (in compliance with IPEVC guidelines) and Quarterly Investor Reports.
• Preparation of investor capital account statements.
• Maintain fund cash flows to track the Fund’s Gross and Net IRR
• Preparation of fund waterfall and carried interest calculations.
• Support preparation of investor information and files required for year-end audits.
• Assist with the preparation of investor and Funds information for regulatory filings and reports
• Provide support to ESG Manger to deliver investors periodic ESG reporting in a timely manner
• Investment Process and Investment Committee
• Manage the IF and IC process – organize meetings, circulate materials and document proceedings/minutes of the meetings
• Work with offshore administrators to prepare board resolutions to approve investments and exits
• Investor Relationship Management
• Receive and respond to routine Investor queries’
• Maintain up-to-date and complete database of investor contacts and relevant information
• Support planning and execution of investor meetings and events
• Document the proceedings/minutes of Investor and LP Advisory Committee meetings
• Coordinate investor on-boarding and KYC documentation for new funds/LPs
• Provide high-quality client service to investors.

Requirements

• Good first degree in a finance and accounting discipline or any relevant field
• Minimum of 5- years Cognate work experience in Consulting or Finance/Accounting/Audit background
• Must be able to prepare and read financial statements
• Prepare and generate evaluation reports of Funds/Investment performance to critical stakeholders
• Possesses strong verbal and written communication skills
• Possesses good PowerPoint skills (using contemporary and creative designs)
• Able to develop well-structured presentations that deliver key messages in a succinct manner
• Able to produce good quality market updates for investors
• Able to apply brand guidelines and use formatting templates in a disciplined manner
• Able to plan and apply structured meeting agenda; with complete follow-on documentation (e.g. Meeting Minutes, Action Items, Next Steps)
• Must be able to interact with both local and foreign investors
• Possesses strong execution/ follow-through capabilities and can-do attitude
• Excellent team player
• Basic proficiency in reviewing and understanding commercial agreements

Additional Requirements
Fund Raising & Development of New Investor Relationships

• Demonstrates interest in macro and sector trends
• Able to monitor PE and fundraising trends and provide relevant and good quality reports to the team
• Able to identify and recommend investor prospects based on research and monitoring of trends
• Able to provide relevant and research-based inputs to active fundraising engagements with prospective investors
• Maintain up-to-date body of fundraising materials (track record, marketing presentations, impact/ESG data)
• Coordinate timely responses to due diligence questionnaires and investors’ queries
• Maintain fundraising progress reports and other project management reports
• Able to collate and review investor KYC documents and support compliance checks; can identify critical KYC red flags

Investor Management

• Able to conduct effective research to understand evolving IR best practices and changing investors’ expectations/priorities
• Able to gather intelligence on existing investors to understand their preferences as input into building an effective engagement plan (bottom-up input)
• Monitor execution of the investors engagement plan
• Able to build own network within investors organizations
• Proactively anticipate and respond to investor information needs
• Provide timely responses to investor queries and requests
• Produce good quality market updates and presentation materials to communicate relevant information to investors
• Able to provide project management support and coordinate prep/logistics for investor meetings (annual investor day and Advisory Committee meetings)

Fund Admin

• Good understanding of PE fund governance structures, familiar with the roles and responsibilities of the Funds Investment Committees and LP Advisory Committees
• Good understanding of valuation methodologies (relevant for specific sectors) and applicable IPEV/IFRS standards
• Good understanding of investor reporting process - collates and reviews inputs for accuracy and completeness, liaises effectively with deal teams and finance teams
• Ability to review and understand financial statements
• Advanced MS Excel skills - to analyze financial data and produce reports
• Basic understanding of ESG principles
• Able to record accurate and comprehensive minutes of meeting, recognizing and addressing relevant disclosure and confidentiality and compliance considerations
• Able to manage fund operations – maintain fund cash flow forecasts as input to fund operations, plan capital calls to meet Fund/ SPV disbursement needs and plan distributions in line with agreed timelines
• Able to execute required procedures for fund operations – adjust for investor excuse rights and equalization operations
• Able to apply templates to deliver accurate investor notices
• Maintain up to date record of investor bank account details
• Follow up with external administrators on documentation and other ad-hoc requests
• Plan schedule for timely delivery of routine investor reports and meetings (quarterly investor reports, K1, Regulatory Filings, audit confirmations etc.)
• Able to manage external service providers – fund accountants and fund administrators