Corporate Finance Associate
VisionFund (VF) is the world’s largest Christian microfinance network. For more than a decade we have been improving the lives of children across the developing world, as we provide small loans and other financial services to families struggling in poverty. Our clients are able to build successful businesses, which enable them to ensure their children grow up healthy and educated.
As the microfinance subsidiary of World Vision, the world’s largest Christian relief, development and advocacy organisation, our Microfinance Institutions (MFIs) are found across the globe in Africa, Asia, Latin America and Eastern Europe and have an outstanding loan portfolio of nearly US$535 million. Serving over 1.2 million active borrowers, over four million children are impacted each year when parents receive small loans, improve their businesses and increase family incomes.
Sharing the same vision as World Vision, VisionFund aims to provide ‘life in all its fullness’ to children throughout the world, as their parents receive small loans, improve their businesses and increase in ability to care for their children as family incomes multiply.
PURPOSE OF POSITION:
As Corporate Finance Associate you will report to the Corporate Finance Director (M&A) and will be primarily focused on Mergers & Acquisitions (M&A) transactions. You will also have the opportunity to gain experience across other corporate finance disciplines, including debt and capital markets funding. In response to shifts in VFI’s strategic priorities, changes in local MFI markets, and opportunities to enter new markets, VFI enters into transactions to buy and sell MFIs. You will be involved in every stage of these emerging markets cross-border transactions from preparation to completion. You will work alongside the Corporate Finance Director (M&A), using your strong financial and analytical skills, and project management and influencing abilities, to execute transactions which achieve beneficial financial and mission outcomes for VFI, the MFIs and the clients we serve.
Your primary responsibilities will be supporOting the Corporate Finance Director (M&A) in preparing for and executing transactions where you will use your expertise and judgment to:
Research potential investors where VFI is the seller.
Determine the sales value range for equity stakes to be bought or sold.
Prepare financial models to evaluate past, present and future performance of MFIs.
Prepare and track transaction timetables.
Draft transaction documents like teasers and information memoranda.
Organize and administer transaction data rooms and review MFI data.
Project manage due diligence activities where VFI is the buyer and draft financial sections of due diligence reports.
Review and evaluate reports, legal agreements and advice from VFI’s transaction advisers (e.g. vendor due diligence reports, share purchase agreements and legal and tax advice).
Review and evaluate bids received and perform the analysis required for bids to be submitted.
Interact with VFI and MFI management, external advisers, potential purchasers or sellers as required.
Summarise transactions for the VFI board and senior leaders for approval.
Plan and execute closing mechanics, transition issues and post-closing actions as required.
Other corporate finance activities which you may be asked to support are debt and capital markets funding and the conversion of MFIs into VFI subsidiaries. Additional responsibilities in support of debt and capital markets funding could include:
Modelling and analysis of novel capital markets instruments.
Liaising with external providers of finance.
Review of legal and tax advice and funding agreements.
Project management through to receipt of funding.
Monitoring and compliance requirements in relation to funding arrangements.
CRITICAL KNOWLEDGE, SKILLS & ABILITIES:
Bachelor’s degree in a numerate subject such as Finance, Accounting or Business.
A minimum of three years’ experience in a detail-oriented financial role.
Strong financial and analytical skills including advanced level of Excel and financial modelling.
Good communication and influencing skills in both oral and written forms.
Strong project and time management skills and ability to manage multiple priorities.
Cross-cultural understanding and sensitivity to work effectively with stakeholders across the globe.
MBA or other finance/business-related postgraduate qualification.
Experience of M&A transactions including due diligence and day to day project management.
Experience in conducting market research on potential transactions and investors.
Knowledge and application of equity valuation methodologies.
Knowledge of the legal framework and typical tax considerations for M&A transactions.
You will be a member of the motivated and mission-oriented global finance team and based in VFI’s executive office in London with some working from home an option. The role requires international travel up to 25% of the time and flexibility around working hours to accommodate other time zones. As part of VFI’s global microfinance community you will use your God-given skills for the benefit of poor families in a work environment where commitment and professionalism are highly valued and faith is expressed and integrated.
We welcome applications from candidates of diverse backgrounds and cultures and aspire for all employees to be fulfilled through their work and contribution to our mission of providing long-term sustainable solutions to the world’s most vulnerable people.