Nature-based Solutions Investments - Portfolio Manager
Remote
Full Time
Experienced
Position: Nature-based Solutions Investments - Portfolio Manager
Term: Full-time
Location: North America (time zone)
Term: Full-time
Location: North America (time zone)
Company Overview
Founded in 2006, Terra Global is a woman-founded, woman-run company and small business of 41 team members globally located from its headquarters in California, USA to Nairobi, Kenya. Since its founding more than 18 years ago, Terra Global has been dedicated to attracting private sector capital to what is now called “Nature-based Solutions” (NbS). Terra Global has two unique, complementary business lines, 1) Climate Finance Investment Management and 2) Greenhouse Gas (GHG) and Natural Resource Management Technical Advisory. The Climate Finance Investment Management Team builds the investment readiness of NbS projects and programs, deploys climate finance investment capital, and provides ongoing support to build Investees’ business management capacity to deliver financial and impact returns. The GHG and Natural Resource Management Technical Team supports local partners and Investees in implementing activities on-the-ground, leveraging participatory local monitoring, and performing the work under the GHG and impact market standards to generate high-quality, multiple-benefit verified emission reductions and removals (VERRs). Having worked in over 40 countries, Terra Global has designed and supported the implementation and financing of NbS projects from the local to national scale.Position Responsibilities
The NBS Portfolio Manager will analyze bankability of NbS Projects and Programs in developing countries, build Investment Readiness, oversee the management and performance of a portfolio of NbS Projects, and support capital raising for the TB-NbS Fund.Develop Bankability of NbS Projects
Evaluate projects that have been screened by the sourcing team and develop carbon eligibility assessments including:- Evaluate and document local laws and land tenure
- Collect, analyze, and validate data required to build detailed project budgets
- Prepare investment models and analysis financial returns
- Develop institutional arrangements for investment
- Evaluate risks of VERRs reversals
- Work with target investees to provide climate finance training and get their inputs into the process
- Act as project manager, working with technical team project manager, to deliver Carbon Eligibility Assessments
Investment Readiness and Due Diligence
- Support process with investees to build Investment Readiness including but not limited to:
- Investees policies and procedures
- Benefits allocation
- Community engagement
- Feedback, Grievance ad Redress
- Conduct and manage investment due diligence
- Prepare investment memos for the Investment Committee and present projects to investment committee
- Liaise with target investees keeping them committed to our investment process and manage the transaction to close
- Source non-investment funds on behalf of target investee to increase bankability
- Preparation of business terms and annexes for transaction documents
Post-Investment
- Oversee the investees’ operational and financial performance in a hands-on manner
- Provide business training and monitoring support to building capacity of investee groups
- Directly observe and oversee the delivery of business plans by investee project and companies
- Manage local implementing partners/project coordinators and technical consultants hired to support investee
- Coordinate with Terra’s Investee Fiscal manager to manage funds distributions, management of project SPV and financial reporting
- Ensure the timely preparation of monthly, quarterly, and annual project activity monitoring, financial and ESG reports
- Oversee and contribute to the development of verified emission reductions under market standards
- Prepare quarterly performance reports for Fund.
Capital Raising
- Support lead generation for new investors in TB-NBS Fund
- Prepare follow-ups and due diligence (DD) materials for investors
- Follow-up and secure new investors
Essential Skills and Qualifications
This remote position is for either an Associate or Principal depending on experience. Associates require 3-6 years related experience and Principals 7-12 years.Require Skills and Experience
- Experience in the design, development and implementation of nature-based projects and programs in developing countries
- Excellent excel modeling skills
- Experience in building project implementation budgets
- Proficient in assessing the financial viability and business models of NbS projects
- Demonstrated experience in managing investments and/or credit lines for NbS, agriculture and/or forestry projects
- Knowledge of NbS emission reduction market standards and processes for generating verified emission reductions
- Demonstrated experience in managing projects with a diverse set of partners to deliver on finance, social and environmental returns
- Demonstrated experience in the performance monitoring for projects and proposal development for complementary funding sources
- Cultural fit with Terra’s mission and the team
- Strong oral and written communication skills in English, required second language Spanish or French
- A self-starter with proven ability to work independently but also in a multi-disciplinary remote team setting
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