Director, Blended Finance
GreenMax Capital Group

About
GreenMax Capital Group LLC (GreenMax) is a specialized advisory and fund management firm focused exclusively on the clean energy sector in emerging markets. Our ethos is to leverage private capital, resources and ingenuity to create positive climate impacts and economic development in some of the world’s poorest regions. We have successfully executed projects across five continents, with experience in more than 80 countries globally since 1994. GreenMax supports project developers, renewable energy companies, investors, financial institutions, donor agencies and governments in the analysis, preparation and implementation of a broad range of clean energy investments, policies and regulations. GreenMax has received several awards in recognition of our innovation in the design of climate finance vehicles, including the award of the Keeling Curve Prize in the category of finance by the Global Warming Mitigation Project for our Green-for-Access First-Loss Facility (G4A) in 2022 and the selection of our GreenStreet Africa model as the Energy Access Idea of the Year by the Global Innovation Lab for Climate Finance in 2020.

Position overview and responsibilities
Reporting to the company CEO, the Director, Blended Finance will be responsible for the oversight and growth of GreenMax’s grant and concessional loan funds management business.

Fund Entities
GreenMax currently co-manages CEI Africa (Clean Energy and Energy Inclusion for Africa Foundation), manages G4A and is organizing GreenStreet Africa.

CEI Africa was established by KfW on behalf of BMZ in 2021 and has been designed to support the growth of renewable energy solutions in the energy access sector by delivering a variety of debt, equity and active support and risk mitigation instruments in combination with Results Based Financing (“RBF”) grants. CEI Africa is managed by a consortium led by Triple Jump, with support from Persistent Energy and GreenMax Capital Advisors (together referred to as the Consortium), where Persistent leads the activities of the Crowdlending window and GreenMax leads the activities of the RBF window, which includes both grants and forgivable loans, as well as Technical Assistance.

Green4Access Fund LLC (G4A) was established by GreenMax in 2022 as a Delaware LLC with seed funding from the IKEA Foundation, channeled through the US based NGO, CLASP. G4A provides risk mitigation support to local lenders to encourage increased financing for energy access projects encompassing PAYG solar, agricultural productive use, solar mini-grids and stand-alone solar for SMEs. Our inaugural product is a Cash Deposit Fund that places a physical cash reserve on deposit with the local FI which may cover up to the first 20% of losses in a portfolio of energy access loans. The loans may be structured as direct lending to consumers, corporate loans to off-grid enterprises for working capital and inventory or on balance sheet/off balance sheet asset-based financing.

The GreenStreet Africa Development Company is a PPP initiative to aggregate solar projects at public facilities for implementation by private ESCO/IPPs through an Energy-as-a-Service business model with financing via a local currency bond issue or bank syndication. A pilot portfolio is under development for six Federally-owned hospitals in Nigeria, through GreenStreet Nigeria, which GreenMax has established in partnership with with InfraCredit, the latter agreeing to organize the financing. GreenStreet Nigeria will act as a type of “Super ESCO” to develop the project sites, design the off-take agreements with the Ministry of Health and establish a lock box mechanism into which budget allocations for the purchase of power from the installed solar generation facilities will be prefunded annually. The government’s obligation to fund the lock box payments will be underwritten by a third party DFI guarantee. Financing will be provided through an insured bond issue organized by InfraCredit. After a successful pilot, we will seek to expand GreenStreet to Kenya, Uganda, Ghana and potentially other countries in Sub-Saharan Africa.

The Director, Blended Finance will be primarily responsible for:
- Supervising the GreenMax team implementing CEI Africa and other concessional fund management mandates won by GreenMax
- Managing the fundraising for concessional capital for GreenMax managed platforms
- Preparing proposals and undertaking general business development to secure new mandates for management of concessional fund paltforms
- Assembling teams, managing the start-up of new concessional fund management mandates
- Support the conception and development of new financing instruments to be incubated and launched by GreenMa

Particulars
The Director, Concessional Funds role will be a full time position. Applicants should be willing and able to work and live in Africa. While remote work from different locations on the continent is possible, easy proximity to our offices in Nairobi, Lagos or Lome will be a plus. GreenMax maintains an entrepreneurial work culture, which encourages innovation and offers opportunities. The successful candidate will have strong relationship management and problem-solving skills, an ability to translate complex problems into clear frameworks, and an entrepreneurial mindset. In the end, we care about results. As a lean organization, flexibility and willingness to pitch in wherever needed is critical. We celebrate and promote diversity in backgrounds and opinions.

Experience and Skills
- Master’s in a related field
- Minimum 10 years of work experience in the design and management of blended financing mechanisms, including Results Based Financing, forgivable loans, matching grants and contingent grants
- Proven track record in securing grants and concessional funding from donors for impact activities
- Familiarity with the off grid energy sector in emerging markets
- Substantial work experience in sub-Saharan Africa
- Strong team player; and
- Excellent spoken and written English communication skills required; French and/or Portuguese language skills a big plus.

To Apply
Please send a brief cover letter, your CV, a short legal writing sample and your recent compensation history to cja@greenmaxcap.com with “Director, Blended Finance” in the subject line. Your cover letter should not summarize your CV but rather specify why you believe you would be a good fit for the GreenMax team.
The deadline for applications is February 28, 2023.

Investment Associate – Bilingual English/French
GreenMax Capital Group

About
GreenMax Capital Group LLC (GreenMax) is a specialized advisory and fund management firm focused exclusively on the clean energy sector in emerging markets. Our ethos is to leverage private capital, resources and ingenuity to create positive climate impacts and economic development in some of the world’s poorest regions. We have successfully executed projects across five continents, with experience in more than 80 countries globally since 1994. GreenMax supports project developers, renewable energy companies, investors, financial institutions, donor agencies and governments in the analysis, preparation and implementation of a broad range of clean energy investments, policies and regulations. GreenMax has received several awards in recognition of our innovation in the design of climate finance vehicles, including the award of the Keeling Curve Prize in the category of finance by the Global Warming Mitigation Project for our Green-for-Access First-Loss Facility (G4A) in 2022 and the selection of our GreenStreet Africa model as the Energy Access Idea of the Year by the Global Innovation Lab for Climate Finance in 2020.

Position overview and responsibilities
Reporting to the Director of Africa Transaction Advisory, the Investment Associate, working bilingually in English and French, will be responsible for origination and due diligence of concessional loans issued to off grid energy companies that are grantees/investees of GreenMax managed funding platforms.

Fund Entities
GreenMax currently co-manages CEI Africa (Clean Energy and Energy Inclusion for Africa Foundation), manages G4A and is organizing GreenStreet Africa.

CEI Africa was established by KfW on behalf of BMZ in 2021 and has been designed to support the growth of renewable energy solutions in the energy access sector by delivering a variety of debt, equity and active support and risk mitigation instruments in combination with Results Based Financing (“RBF”) grants. CEI Africa is managed by a consortium led by Triple Jump, with support from Persistent Energy and GreenMax Capital Advisors (together referred to as the Consortium), where Persistent leads the activities of the Crowdlending window and GreenMax leads the activities of the RBF Window, which includes both grants and forgivable loans, as well as Technical Assistance. Currently the RBF Window is launching Calls for RBF Grants for Green Mini Grid Developers in Kenya, DRC, Mali, Benin, Sierra Leone and Madagascar.

Green4Access Fund LLC (G4A) was established by GreenMax in 2022 as a Delaware LLC with seed funding from the IKEA Foundation, channeled through the US based NGO, CLASP. G4A provides risk mitigation support to local lenders to encourage increased financing for energy access projects encompassing PAYG solar, agricultural productive use, solar mini-grids and stand-alone solar for SMEs. Our inaugural product is a Cash Deposit Fund that places a physical cash reserve on deposit with the local FI which may cover up to the first 20% of losses in a portfolio of energy access loans. The loans may be structured as direct lending to consumers, corporate loans to off-grid enterprises for working capital and inventory or on balance sheet/off balance sheet asset-based financing.

The GreenStreet Africa Development Company is a PPP initiative to aggregate solar projects at public facilities for implementation by private ESCO/IPPs through an Energy-as-a-Service business model with financing via a local currency bond issue or bank syndication. A pilot portfolio is under development for six Federally-owned hospitals in Nigeria, through GreenStreet Nigeria, which GreenMax has established in partnership with with InfraCredit, the latter agreeing to organize the financing. GreenStreet Nigeria will act as a type of “Super ESCO” to develop the project sites, design the off-take agreements with the Ministry of Health and establish a lock box mechanism into which budget allocations for the purchase of power from the installed solar generation facilities will be prefunded annually. The government’s obligation to fund the lock box payments will be underwritten by a third party DFI guarantee. Financing will be provided through an insured bond issue organized by InfraCredit. After a successful pilot, we will seek to expand GreenStreet to Kenya, Uganda, Ghana and potentially other countries in Sub-Saharan Africa.

Particulars
The Investment Associate will be a full time position. Applicants should be willing and able to work and live in Africa. While remote work from different locations on the continent is possible, proximity to our offices in Nairobi, Lagos or Lome will be a plus. GreenMax maintains an entrepreneurial work culture, which encourages innovation and offers opportunities for advancement. The successful candidate will have strong relationship management and problem-solving skills, an ability to translate complex problems into clear frameworks, and an entrepreneurial mindset. In the end, we care about results. As a lean organization, flexibility and willingness to pitch in wherever needed is critical. We celebrate and promote diversity in backgrounds and opinions.

Responsibilities
Initially, the Investment Associate will be primarily assigned to GreenMax’s CEI Africa team and will support the origination, structuring and execution of concessional loan transactions for Green Mini Grid (GMG) Developers. The Investment Associate may also be assigned to support other financing platforms managed by GreenMax and work on transaction advisory assignments.
Responsibilities will include:
- Origination, due diligence and structuring the transactions; preparing financial projections
- Performing credit analysis of the financial condition and credit-worthiness of prospective borrowers using analysis of historical and projected financial statements (income, cash flow, balance sheet), P&L, tax returns, biographical data, market information, credit reports and other data; manage client on-boarding, KYC/AML reviews
- Support the negotiation of legal documents with counterparties alongside legal counsel
- Drafting of screening reports and memoranda which serve as the basis for investment decisions
- Presenting analysis to internal credit committees
- Monitoring ongoing performance of loans, tracking covenants
- Support senior management in performing detailed market research and business analysis; contribute to the development of new financing products
- Assist in defining the risk tolerance, by supporting the creation of the systems to measure, mitigate, manage and limit credit risk exposures
- Performance and risk monitoring of investee projects and companies.

Qualifications
- Bachelor’s or Master’s in a quantitative field (Business, Finance, Mathematics, Economics, Engineering or in a related field)
- Must be fully bilingual in English and French, speaking and writing well and able to work in both languages comfortably
- Minimum 3 years of work experience in either investment/commercial banking, private equity, debt funds or corporate finance
- Experience in the off grid energy sector in emerging markets
- Substantial work experience in sub-Saharan Africa
- Good financial modelling skills and excellent analytical thinking ability
- Strong team player

To Apply
Please send a brief cover letter in English, your CV in English, short writing samples in both French and English and your recent compensation history to iuwajech@greenmaxcap.com with “Investment Associate” in the subject line. Your cover letter should not summarize your CV but rather specify why you believe you would be a good fit for the GreenMax team. Please also indicate in your cover letter your date of availability. Priority will be given to those candidates that can commence work no later than mid-April 2023.
The deadline for applications is February 15th.