Old Mutual

Investment Associate

Johannesburg Full time

Let's Write Africa's Story Together!

Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.

Job Description

AIIM understands the African business environment and has experience spanning a range of infrastructure asset classes. We develop, create, advise and manage private equity infrastructure funds.

AIIM has funds under management of USD2.9 billion and a track record extending across eight infrastructure funds. The funds managed and advised by AIIM are designed to invest long-term institutional unlisted equity in African infrastructure projects such as toll roads, renewable energy, power generation, port and communication infrastructure assets.

African Infrastructure Investment Managers (AIIM) is seeking a talented individual, who is passionate about Africa and its development, to join the business and provide support to the SADC Investment team.

Responsibilities:

Financial analysis

  • Review and analyse financial statements
  • Build, review, run, modify, and interpret financial models,
  • including use of VBA macros
  • Perform comprehensive company valuations
  • Review and analyse potential financing structures

Investment process and transaction execution:

  • Perform risk analysis
  • Manage due diligence processes and coordinate transaction
  • advisors
  • Support senior team members in the negotiation of
  • transaction and project documents
  • Compile bid documents in tender submissions
  • Consideration of environmental and social risks

Investment papers and marketing materials:

  • Prepare investment papers
  • Company and market research

Asset management:

  • Track asset performance against original projections
  • Support portfolio companies in value-enhancing initiatives
  • Engage with portfolio company management
  • Participate in and contribute to board and sub-committee
  • meetings
  • Revalue existing assets on a semi-annual basis for portfolio valuations
  • Monitoring and reporting on environmental and social performance of the assets

Support senior team in deal identification and origination and sector research

Project-related travel for site visits, deal negotiations and industry conferences

Qualifications, Experience & Core competencies

  • An Honours Financial, Legal or Engineering degree or equivalent
  • 4-6 years’ experience within an Investment Bank (M&A, corporate finance or project finance), Private Equity or “Big Four” accounting firm
  • Excellent financial modelling skills
  • Financial acumen – the capacity to demonstrate knowledge of and insight into financial principles and processes and identify inconsistencies in data
  • Ability to apply sound business judgment and an analytical, pragmatic and creative approach to problem solving
  • Attention to detail and strong focus of quality of results
  • Experience in infrastructure, renewable energy, thermal power, digital infrastructure or oil and gas beneficial but not a requirement
  • Desktop research capability
  • Technically proficient (advanced) in Excel, Word, PowerPoint are essential.
  • Project/process management
  • Ability to plan and prioritise effectively and meet deadlines
  • Commercial orientation
  • Excellent verbal and written communication skills in English
  • Very strong attention to detail and history of academic excellence

Competencies:

  • Excellence orientation (concern for high-quality work) – Follow-through; the motivation to ensure the highest standards of quality and productivity are consistently maintained
  • Flexible & dynamic – self-motivated, results driven, ability to deal with change
  • Excellent intellectual & conceptual abilities
  • Resilience
  • Invests high levels of energy in work
  • Team player
  • Willingness to teach and learn
  • Passionate about Africa

Skills

Financial Analysis, Financial Modeling, Financial Principles, Investment Process, Investments, Investments Analysis, Microsoft Excel

Competencies

Business Insight

Communicates Effectively

Courage

Decision Quality

Ensures Accountability

Financial Acumen

Instills Trust

Manages Complexity

Education

Closing Date

10 March 2026 , 23:59

The appointment will be made from the designated group in line with the Employment Equity Plan of Old Mutual South Africa and the specific business unit in question.

The Old Mutual Story!