POSITION: Portfolio Director, Latin America Portfolio
LOCATION: Bogotá, Colombia
Global Partnerships (GP) is an impact-first fund manager dedicated to expanding opportunity for people living in poverty. Impact-first investing means investing in a way that seeks the greatest possible social impact, while seeking to preserve capital with a modest financial return for investors. GP believes that impact-first investing has an essential role to play in advancing sustainable solutions to poverty for millions of people worldwide.
GP creates and manages impact-first investment funds that make loans and early stage investments in social enterprises serving people living in poverty in less developed countries, primarily in Latin America and Africa. The GP team is comprised of mission-driven, dedicated, high-performing colleagues working primarily from offices in Seattle, Washington (USA), Bogotá, Colombia, and Nairobi, Kenya. To learn more about Global Partnerships, please visit our website at www.globalpartnerships.org.
ROLE AND RESPONSIBILITIES
The GP Bogotá office team is comprised of eleven professionals: one Impact Lead, one Impact Officer, one Credit Director, one Credit Operations Officer, two Investment Analysis Officers, one Portfolio Officer, three Portfolio Directors, and a VP for the Latin America Portfolio. It is a dynamic group passionate about impact investment in sustainable solutions that help improve the quality of life and generate opportunities for disadvantaged communities in Latin America. The Portfolio Director will play a key role supporting the team to accomplish the goals for the Latin American Portfolio and GP.
This role will be responsible for the following:
- Develops a broad knowledge of all partner candidates (MFIs/Agricultural Coops and Enterprises/Other Social Enterprises) operating in targeted countries and identifies candidates for GP funding.
- Acts as the primary relationship officer for a portfolio of high-impact social enterprises known as “partners”.
- Proactively seeks opportunities to build the debt portfolio through networking and other means of identifying new partners.
- Schedules, conducts and oversees screening visits to partner candidates to determine whether they are a good fit for GP funding.
- Analyzes the needs, strengths and weaknesses of the candidates and prepares or collaborates with the Impact Team in preparing the Investment Brief.
- Works in conjunction with the Impact Team, Social Investment Team, and Regional Vice President to ensure that candidates are aligned or are likely to become aligned with GP’s program initiatives.
- Negotiates possible loan transactions with the partner candidates, issues letters of interest with accompanying term sheets, and works with partner candidates to close negotiations resulting in signed term sheets.
- Conducts a comprehensive due diligence with the partner candidate and completes a well-written due diligence report in the required format.
- Properly structures loan proposals to ensure risk is properly controlled.
- Reviews all drafts of due diligence reports to ensure they are comprehensive, accurate, and worthy of presentation to the managers of the Social Investment Team, to the Investment Committee, and to certain investors for whom consent is required.
- Works closely with the loan closing team, legal counsel, and partner management to ensure that loans are closed in a timely and prudent manner. Ensures that the borrower understands the key terms and responsibilities of the loan contract.
- Reviews pipeline frequently with Social Investment Team management to ensure that Fund priorities and partner needs are addressed, and strategies for proper Fund investment are implemented.
- Answers questions and may otherwise participate in presentations to the Board Investment Committee to obtain approval for loans/investments.
- Shares information and insight with the Regional VP for Latin America to identify trends and potential problems relative to credit risk; confers with supervisor on action steps to be taken to strengthen portfolio management and reduce risk to fund performance.
- Collaborates with the credit monitoring team to provide information and insight into the credit risk of partners and partner candidates. Retains responsibility for the credit relationship and credit performance of the borrower throughout the term of the loan(s).
- Ensures that action steps relative to compliance with loan agreements as well as needed improvements in partner performance are carried out by the partner organizations.
- Maintains strong relationships with partner CEOs/Directors to promote the GP brand, ensure that GP distinguishes itself as a provider of choice, and to be responsive to partner needs.
- Strong analytical and strategic thinking skills.
- Demonstrated ability to collaborate within and across teams and across cultures.
- Excellent oral and written communication skills; capable of highly professional engagement with colleagues and partners.
- Self-motivated work ethic, proactive; ability to see tasks through to completion independently.
- Organized and capable of balancing multiple priorities, with great attention to detail and thoughtful knowledge management.
- Has a passion for GP’s mission to expand opportunity for people living in poverty.
- Embodies GP’s values: Dedicated, Strategic, Collaborative, Aspirational, Learning, and Excellence.
- Excellent academic track record; a degree in business administration, finance, or a similar field required. MBA or other relevant master’s degree strongly preferred.
- Five or more years of relevant professional experience in business analysis, strategy development, investment or market research, management consulting, finance, or another similar field.
- A strong interest in and personal commitment to impactful solutions that reduce poverty and need in Latin America.
- It will be a plus to have field experience in development programs, such as agricultural technical assistance, implementation of renewable resource/clean energy initiatives, or microenterprise training.
- It will be a plus to have credit analysis experience for investments in social enterprises and/or experience in trade finance and asset-based lending.
- It will be a plus to have experience in impact investing, with specific knowledge of the microfinance industry, agricultural cooperatives, and social enterprises, and their key organizations in Latin America.
- Must be able to travel frequently throughout Latin America.
- Business language fluency in English and Spanish required; writing skills in English should be advanced. Portuguese or French will be a plus.
- Ability to work legally in Bogotá, Colombia.
Required Application Documents:
- Brief cover letter
Global Partnerships is an equal opportunity employer. Applications will be accepted and reviewed on a rolling basis. For priority consideration, please apply by March 4th, 2024.
Due to the volume of applications, we will contact only those candidates selected for interviews – no follow-ups, please.
Finalists will be asked to submit references, including name, email, and phone number, of at least two former supervisors. All offers will be contingent upon reference checks as well as a background check.