Associate, Acumen's Hardest to Reach Impact Debt Fund

The Investment Associate will play a crucial role in supporting the investment team with deal sourcing, due diligence, financial modelling, and portfolio management, focusing on investments in off-grid solar energy solutions. The ideal candidate will have a passion for impact investing, particularly in renewable energy, and a deep understanding of the financial and technical aspects of solar projects in the Hardest-to-Reach countries. This role will report to the Investment Lead of the Hardest to Reach Impact Debt Fund.

The role is expected to foster strong collaborative working relationships with key stakeholders, including sponsors, and lenders, as well as to raise significant brand awareness for H2R.

Role Accountabilities

Market Research & Deal Sourcing 

• Conduct detailed market analysis to identify investment opportunities in the off-grid solar sector across emerging markets.
• Track industry trends, regulatory changes, and technology advancements in renewable energy, specifically off-grid solar solutions.
• Develop and maintain relationships with developers, entrepreneurs, and industry stakeholders.

Due Diligence

• Assist in conducting thorough due diligence on potential investment opportunities, including financial, technical, legal, and operational aspects.
• Evaluate business models, market strategies, and the scalability of solar companies focused on off-grid solutions.
• Assess the potential social and environmental impact of the investment opportunities in collaboration with the impact team.

Financial Modelling & Analysis

• Build and maintain detailed financial models to evaluate the feasibility and profitability of off-grid solar projects.
• Conduct sensitivity analyses and stress testing to account for economic, political, and operational risks.
• Present investment cases focusing on both financial returns and impact metrics (e.g., reduction in carbon emissions, increase in energy access).

Portfolio Management

• Monitor the performance of portfolio companies, tracking key financial and impact metrics.
• Support the preparation of quarterly and annual reports on fund performance, portfolio risk, and the social/environmental impact.
• Collaborate with portfolio companies to provide guidance on improving financial sustainability and impact performance.

Qualification and Skills Required

• Master’s degree in finance, economics, business, engineering, or a related field. A master’s degree or CFA/CPA qualification would be advantageous
• Minimum of 3 years of experience in investment banking, private equity, venture capital, or impact investing, preferably with exposure to the renewable energy sector
• Experience in emerging markets and/or off-grid solar is highly desirable.
• Strong proficiency in financial modelling, analysis, and valuation techniques.
• Understanding of the renewable energy market, particularly off-grid solar solutions, and the challenges and opportunities in frontier markets.
• Demonstrated interest in impact investing, sustainable development, and/or climate finance, with a track record of working on socially and environmentally focused projects.
• Proficiency in Excel and financial modelling
• Experience in conducting commercial and operational due diligence.
• Excellent verbal and written communication skills in English.
• A commitment to serving people living in poverty.
• A willingness to roll up your sleeves with your team and get to work. Some people need clean energy, after all.
• Self reflective and aligned with Acumen values. 
• Permanently authorized to work in Kenya. Available to work in Nairobi.