This position may be based out of any country in South-East Asia.
Details of the job description, requirements and how to apply are below. Note that recruitment may be at Principal Investment Officer level if seniority merits.
The Investment Officer – South-East Asia is responsible for MDIF’s investment work in the region, reporting directly to the Chief Investment Officer. There are two primary aspects to the role: engaging with and supporting the growth of companies in South-East Asia who are already part of MDIF’s portfolio; and working on the evaluation and execution of new investments.
The right candidate for this role must be a highly competent finance specialist with a proven track record in making investments (ideally both debt and equity). S/he must have a strong interest, if not experience, in impact investment and should share MDIF’s ethos. Knowledge of the news media sector is preferred, but not essential.
MDIF is an impact investment fund specialising in the media sector, principally in news businesses. We work in countries where the press is not free. Since 1995 MDIF has invested $255m in 131 independent media businesses in 44 countries, typically where the independence of journalism cannot be guaranteed and access to information is under threat. Our financing helps independent media companies to fulfil their commercial potential while safeguarding their editorial independence. We work with a range of businesses from early-stage ventures to established players seeking to expand audience or diversify revenues, often with companies that lack access to investment capital and always with companies committed to the highest standards of independent, quality journalism.
Part of our mission is to attract and aggregate capital for the independent media sector. To maximise the impact of our work, we invest funds from our own balance sheet and manage investments for others seeking financial and social returns on their impact capital.
Central to our investment strategy is MDIF’s conviction that a commercial investment-led approach of deploying risk capital to build economically viable, independent media businesses with lasting social impact is proven and highly effective. We are not a grant-making body but instead prefer the discipline and rigor of making investments to drive performance and secure economic viability. Our approach also emphasizes our belief in patient capital. We are an investor for the long-term. We understand that our clients work in challenging commercial and political conditions, and we carefully align our interests with theirs to build self-sufficient businesses which can thrive independently in the long run. We take a partnership approach; we do not invest and walk away. We engage actively with clients; we support them with specialist media sector advice and in many cases sit on company Boards to provide strategic direction and encourage the highest standards of corporate governance.
MDIF’s Investment team
MDIF is a small organization with fewer than 50 staff, located around the world from Mexico City to Jakarta, from Warsaw to Johannesburg. Headquartered in New York, there is a European office in Prague and most other staff work from home.
The Investment team is also small, numbering six in total. There is essentially one team member for each of MDIF’s regions of operation. The work of the investment team divides evenly between making new investments and managing the existing portfolio. Portfolio management involves not just monitoring and reporting on clients, but also working closely with them to provide advice and constructive challenge in pursuit of their corporate ambitions. In making new investments the Investment team members work closely alongside their counterpart Regional Program Directors who take responsibility for the mission and impact aspects of MDIF’s work. The Investment team also has important internal relationships with the Legal and Finance departments, as well as with MDIF’s in-house advisory/technical assistance team. In addition to deploying existing funds, MDIF is actively involved in raising new finance for investments and the Investment team is at times heavily involved in this work.
Line responsibilities include
Relevant background and qualifications
The Investment Officer for South-East Asia will not be based in a MDIF office but can opt to work from a location of their choosing. This location must allow easy communication with clients and stakeholders in the region, including the ability to make frequent company visits on a short-haul basis.
MDIF offers a competitive salary, flexible working patterns and a generous annual leave allowance.
MDIF is committed to diversity as a central organizational principle. We welcome applications from candidates of all backgrounds, especially from individuals in minority groups who are currently under-represented in the workplace.