MicroVest Portfolio Manager

MICROVEST

JOB DESCRIPTION

Portfolio Manager

Job Title:                    Portfolio Manager    

Job Status:                  Full Time Regular

Reporting To:            Director of Investments

                        

About MicroVest:

MicroVest is a $25 million investment firm providing debt and equity capital to microfinance institutions (MFIs) in emerging markets.  It is the first private microfinance investment firm in the

United States

.   MicroVest’s goal is to expand the capacity of existing profitable MFI’s throughout the world, and ultimately build capital markets that work for the poor.  MicroVest was founded by CARE, MEDA and the Seed Capital Development Fund - three non-profit organizations with longstanding credibility in the microfinance industry.

About this Position: 

The Portfolio Manager position is a mid level position supporting the Investment Team.

I.  JOB SUMMARY: 

The Portfolio Manager position will support the Investment Team in the following areas:

1) portfolio management, 2) investment administration, and 3) research.

II. RESPONSIBILITIES AND TASKS:

Job Responsibilities:                                                                                                

1) Portfolio Management

·         Prepare assessments of existing investments and organize quarterly portfolio reviews. 

·         Spread financial statements and assess MFI performance metrics and trends.

·         Monitor client compliance with financial and reporting covenants.

·         Draft Investment Performance Update for Board of Directors and shareholders.

2) Investment Administration

·         Work directly with MFI senior management to execute loan and equity transactions as well as potential renewals, amendments, and waivers.

·         Source qualified in-country lawyers to provide counsel for documentation: loan agreements, promissory notes, shareholder agreements, legal opinions, etc..

·         Provide loan administrative support to the Finance & Accounting Team to facilitate disbursement and collections.

3) Country Research/ Business Prospecting Support                                                                 

·         Conduct desk analysis of political, economic, and sovereign risk.

·         Assess microfinance regulation and supervision within country.

·         Assess environment for conducting business and enforcing legal contracts.

·         Monitor prevailing interest rates and equity valuations by country.

·         Assess MFI market potential, and track other deals placed in the market.

III.  WORKING CONDITIONS

Washington, D.C. Metro Area, with possible travel

IV.  QUALIFICATIONS

The ideal person will:  1) be a college graduate, MBA preferred 2) have a general understanding of microfinance institutions as a tool used in economic development, 3) be fluent in English and Spanish, 4) offer strong research skills and be extremely detail-oriented and 5) offer strong contract administration, with preference for experience in the banking/investment industry.

V.  CONTACT INFORMATION

Please forward cover letter and resume to:  mvcareers@microvestfund.com

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