GreenMax Capital Advisors GreenStreet Africa Green for Access
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JOB OPPORTUNITIES:


Managing Director - Green4Access First Loss Facility (G4A)

GreenMax Capital Advisors is recruiting a Managing Director for the soon to be launched Green4Access First Loss Facility (G4A). GreenMax is the Fund Manager for G4A.

Background
We are launching G4A as a blended finance vehicle to provide risk sharing for African FIs that will support upscaling of their lending in the off grid space. The funding scale-up required for the off-grid sector cannot be met without mainstreaming energy access finance such that commercial lenders - local FIs fully embrace the sector. While local FIs in SSA are increasingly showing interest in the off-grid sector, they currently require credit support and technical assistance (TA). However, existing pari-passu guarantees are not strong enough to incentivize these local FIs to expand their energy access lending while other past interventions such as credit lines have failed to address the problem of perceived risk.

To be initially capitalized at up to $50M with an interim first close targeted for Q2 2021, G4A is being established in a tiered fund structure in order to blend existing philanthropic and donor sources with capital from impact investors, DFIs and others. G4A will focus on 15 key countries in SSA: Nigeria, Ghana, Senegal, Burkina Faso, Togo, Benin, Niger, Mali, Mauritania, DRC, Malawi, Kenya, Rwanda, Tanzania, Uganda.

G4A provides first loss protection for up to 20% of losses in a commercial lender’s portfolio of loans to the energy access sector. G4A assumes the obligation to bear the repayment of 100% of the first 5 - 20% of losses in the loan portfolio. G4A will deposit up to 20% of the projected loan portfolio in a specialised account (“Cash Deposit Fund” or “CDF”) domiciled at the partner FI that will be available to draw on to cover portfolio losses up to the amount in the CDF. G4A will also provide support to partner FIs in “shopping” for off-grid enterprises with quality deal pipelines and facilitating partnerships.

Applicants are strongly encouraged to read the market assessment report for establishing G4A –“Local Financial Institutions: A Major Untapped Source of Financing for Energy Access in Africa”, found at this link: here


The Position
GreenMax is currently seeking to select a proven finance professional with deep Africa experience to lead G4A during its inaugural period and beyond. The Managing Director is the key hire for G4A and will have full bottom line and operational responsibility for G4A, managing its staff and Investment Committee and reporting to its Board of Directors.

GreenMax always seeks the most talented and appropriate professionals for key positions without a focus on highly prescriptive background and experience requirements. G4A is a landmark facility that will be closely watched in the energy access sector and is widely expected to have major impact. Therefore, we will be looking for a seasoned manager who has shown capability to start-up, guide and grow financing and/or risk mitigation instruments in Sub Saharan Africa, who is at the same time open-minded to new ideas, structures and innovation in order to achieve impact. Experience working with African FIs and specialized lenders will be essential. Individuals who have worked with ICs and Boards composed of Development Finance Institutions will have an advantage. Understanding of the energy access space will be highly desirable. More generally, the ideal candidate will have strong leadership, communication, business development and negotiation skills and should be able to write extremely well in English. As roughly half of G4A’s target market will be in Francophone countries, an ability to work in French will give the best qualified candidates an edge.

This position will be full time and based in our office in Lagos. Some travel is anticipated throughout Africa, although the G4A team will have regional representation to originate FI relationships in our target countries. For full transparency, fundraising for G4A is still underway. At this moment in time, the intent is to be operational sometime during Q2 2021. Although a precise hiring date has not been set, we have elected to begin the recruitment process now.

GreenMax is dedicated to the principle that its operations in emerging markets should be led by teams largely made up of indigenous professionals. Therefore, for this position, nationals of countries in Sub Saharan Africa are strongly urged to apply. As an equal opportunity employer committed to gender inclusion, we also fully encourage female applicants.

Send CV, short writing sample and recent compensation history to cja@greenmaxcap.com
Absolutely no phone calls and no recruiters please.


Managing Director – GreenStreet Africa DevCo

GreenMax Capital Advisors is recruiting a Managing Director for the soon to be launched GreenStreet Africa DevCo a platform which has been incubated and endorsed by the Global Innovation Lab for Climate Finance (“the Lab”). GreenStreet Africa is a wholly owned subsidiary company of GreenMax.

Background
GreenStreet Africa develops and aggregates portfolios of distributed solar projects at public health and education facilities for implementation by private IPPs or ESCOs, financed with local capital markets solutions. We establish public-private partnerships at country level with local public agencies. These partnerships will identify and develop shovel-ready portfolios of distributed energy projects that can be tendered to service providers such as independent power producers (IPPs) or energy services company (ESCOs) for project construction and operation. This bundled approach creates portfolios large enough to appeal to institutional investors, while enabling the development of relatively small projects that would struggle to access affordable funding if developed individually.

Along with the portfolio development rights, the service provider gain access to a prearranged local currency debt package to fund project construction. This debt is backed by a guarantee to reduce risk to institutional investors/lenders, and facilities’ energy supply contracts are separately supported by third-party payment guarantees.

The GreenStreet model also includes operations and maintenance in facilities’ energy supply contracts, ensuring that projects stay online for their entire useful life, creating long-term value for both the developer and the public facility off-taker. GreenStreet’s development model becomes more efficient over time, allowing subsequent portfolios to be developed with less time and money.

An initial pilot is planned with Nigeria’s Rural Electrification Fund as the public agency partner and InfraCredit as the local bond underwriter and guarantor. The pilot portfolio will supply reliable solar energy for up to six healthcare facilities that currently rely on diesel generators and unreliable grid connections.

Applicants are strongly encouraged to visit the GreenStreet Africa page on the Lab’s website at this link: here


The Position
GreenMax is currently seeking to select a proven renewable energy project development professional with deep Africa experience to lead GreenStreet Africa during its pilot phase and Nigeria and beyond. The Managing Director is the key hire for GreenStreet Africa and will have full bottom line and operational responsibility for GreenStreet Africa, managing its staff and Investment Committee and reporting to its Board of Directors.

GreenMax always seeks the most talented and appropriate professionals for key positions without a focus on highly prescriptive background and experience requirements. GreenStreet Africa is a landmark platform that will be closely watched in the energy access sector and is widely expected to have a major impact. Therefore, we will be looking for a seasoned manager who has shown capability to start-up, guide and grow a renewable energy project development company in Sub Saharan Africa, who is at the same time open-minded to new ideas, structures and innovation in order to achieve impact. Experience with distributed solar/hybrid generation and storage systems will be essential. Individuals who have worked with ICs and Boards composed of Development Finance Institutions will have an advantage. Understanding of how to work with the public sector will be highly desirable. More generally, the ideal candidate will have strong leadership, communication, business development and negotiation skills and should be able to write extremely well in English.

This position will be full time and based in our office in Lagos. Some travel is anticipated throughout Africa, particularly to Ghana, Kenya, Senegal and Uganda which are anticipated as the next target countries for GreenStreet Africa. For full transparency, fundraising for GreenStreet Africa is still underway. At this moment in time, the intent is to be operational sometime during Q2 2021. Although a precise hiring date has not been set, we have elected to begin the recruitment process now.

GreenMax is dedicated to the principle that its operations in emerging markets should be led by teams largely made up of indigenous professionals. Therefore, for this position, nationals of countries in Sub Saharan Africa are strongly urged to apply. As an equal opportunity employer committed to gender inclusion, we fully encourage female applicants.

Send CV, short writing sample and recent compensation history to cja@greenmaxcap.com
Absolutely no phone calls and no recruiters please.


Sustainable Energy Internships

GreenMax Capital Advisors solicits year-round for our Internship Program, with cycles every Summer (May/June - August), Fall (September - December) and Winter/Spring (January/February - April/May). Interns may be placed in either our Brooklyn, NY office or internationally in one of our Nairobi, Lagos, Santiago or Zagreb office locations. Remote work arrangements are also an option depending on the timing and outcome of the ongoing global pandemic.

GreenMax is a leading international policy and financial advisory firm focused entirely on the clean energy sector. We advise governments, international financial institutions, investors and project developers on strategies to increase implementation of renewable energy, energy efficiency and energy access in emerging markets worldwide. We have completed assignments in more than 80 countries across Africa, Europe, Latin America-Caribbean, MENA and Asia-Pacific.

Interns at GreenMax work on substantive research, writing and/or quantitative analysis tasks, including proposal development and grant preparation for renewable energy projects, market assessments of renewable energy potential in various countries in our target regions and information memoranda for investment and debt financing solicitations.

Interns will mainly be responsible for performing market research, analysis and outreach in support of our ongoing business activities and consulting engagements, which include:

(1) regional donor-funded assignments in Sub-Saharan Africa, Latin America and the Caribbean, and Asia-Pacific;
(2) transaction advisory support for a portfolio of African energy entrepreneurs working in the off-grid solar, mini-grid, commercial and industrial, and agricultural productive use market segments;
(3) the Green-4-Access (G4A) First-Loss Facility to support financing of off-grid solar projects in Sub-Saharan Africa;
and (4) the GreenStreet Africa Development Company to support preparation of de-risked portfolios of off-grid projects at public facilities in Nigeria.

For these assignments, we are specifically seeking candidates with excellent written proficiency in English. Fluency or proficiency in French is desirable; other language proficiencies in Spanish or Portuguese are also useful. We encourage current students or recent graduates from university programs in sustainable development, renewable energy, energy and environmental policy and finance to apply.

Our undergraduate or graduate school interns are expected to work according to their school’s academic calendar. Recent graduates of programs in the aforementioned fields are asked to commit to minimum 12-week internships. While we encourage and prefer full-time commitments, part-time arrangements may also be accepted to accommodate schedules. We always cooperate with universities to ensure academic credit. The internship is unpaid for currently matriculating students. Recent master’s program graduates of exceptional quality and with prior work experience in the sustainable energy field may be eligible for a small stipend during their internship. Some of our interns have been invited to permanent positions with us and many others have used their experience at GreenMax to leverage interesting positions elsewhere in the sustainable energy field.

To apply, please submit a cover letter, your CV and a brief writing sample (e.g. an article or the executive summary of a research report) to alabua@greenmaxcap.com
Interviews will be scheduled on a rolling basis by phone/via Zoom. No phone calls or recruiters please.