Investment Associate
- Organization
- GreenMax Capital Group
- Location
- Nairobi, Lagos, Kinshasa, Lome, or Cotonou
- Job Type
- Full-time
- Deadline for Applications
- 07/28/2025
- How to Apply
- Please send a brief cover letter, your CV, a short writing sample, and your recent compensation history to recruitment@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.
- Where to Apply
- https://greenmaxcap.com/careers_archive/investment-associate/
- Tags
- Full-time
Reporting to the CEI Africa RBF and Smart Outcomes Leads, the Investment Associate 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. The Investment Associate will be a full-time position. Applicants should be willing and able to work and live in Africa and be based (and legally able to work) in any of these five locations: Nairobi, Lagos, Kinshasa, Lome, or Cotonou. 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. As a lean organization, we value flexibility and a hands-on attitude—success often depends on the willingness to step in wherever needed.
We value diversity of backgrounds, perspectives, and experiences, and encourage candidates who thrive in dynamic environments where results matter and flexibility are key.
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 the 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 a related field)
Minimum 3-5 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; and
Fluent in English and French – must be able to conduct business negotiations, draft professional documents, and communicate effectively in both languages (written and spoken).
To Apply
Please send a brief cover letter, your CV, a short writing sample, and your recent compensation history to recruitment@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.
Applications will be reviewed on a rolling basis. We appreciate all submissions, but will only contact shortlisted candidates.
Additional Information
ABOUT
GreenMax Capital Group is a premier fund management and advisory firm dedicated to advancing sustainable development across emerging markets. Since 1994, we have been at the forefront of catalyzing investment in climate-positive infrastructure, renewable energy, and financial inclusion, with a proven track record in 80+ countries across five continents.
Our mission is to accelerate the just energy transition by unlocking capital for high-impact projects in energy, transport, agriculture, industry, and WASH (water, sanitation, and hygiene). We work with project developers, investors, financial institutions, governments, and donor agencies to design and implement market-transforming initiatives that drive economic growth, climate resilience, and social equity.
From our roots as a consultancy, we have evolved into a leading transaction advisory and fund management firm, combining deep technical expertise with hands-on investment experience. With seven registered entities across Ireland (HQ), the U.S., Poland, Kenya, and Chile, and a global presence across offices in Africa (Nairobi, Kinshasa, Lome, Lagos, Cotonou), Europe (Warsaw, Zagreb), and Latin America (Santiago), GreenMax is uniquely positioned to bridge financing gaps in the world’s most critical emerging markets. Though heavily focused today on Sub-Saharan Africa, we seek to expand our activities in the other regions where we work as well.
Position overview
Reporting to the CEI Africa RBF and Smart Outcomes Leads, the Investment Associate 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) and the Mwinda Fund and manages on our own the Green4Access First Loss Facility (G4A) and the GreenShift Africa trade platform.
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 and Smart Outcomes programs, which includes both grants and forgivable loans, as well as Technical Assistance. While currently capitalized with Euro 83M from the German and Swiss Governments, the fund management consortium is mandated to raise up to Euro 300 M.
Green4Access Fund LLC (G4A) is a blended finance vehicle for first-loss facilities to support energy access lending for Productive Use of Energy appliances and equipment, including E-mobility in sub-Saharan Africa. G4A provides Cash Deposit Funds and Subordinated, Forgivable Loans to qualified lenders, including Commercial Banks, Micro Finance Institutions, Leasing Companies, and AssetFinCos. G4A supports loans from our partner lenders to end users to purchase PUE appliances and EVs. G4A has been piloted with funding from the IKEA Foundation with a mandate to reach first close of a $50M facility by mid-2026.
GreenShift Africa (GSA) is a trade platform providing working capital to accelerate the importation of EVs, Distributed Renewable Energy technologies, and their components to and within Africa. GSA is being established as a blended finance fund to leverage private capital to finance inventory cross-border transactions, targeting a $20M initial raise by mid-2026.
Mwinda Fund is the World Bank-supported off-grid energy fund for DRC, managed by GreenMax in partnership with the Rural Electrification Agency (ANSER) of the Congolese Government. Mwinda Fund will offer RBF grants, market entry grants, and concessional debt to off-grid companies distributing Solar Home Systems (SHS), Productive Use of Energy (PUE) appliances, and Green Mini Grids. Initially capitalized with $65M, GreenMax has a mandate to raise up to $ 500 M.
PIFORES Fund is the World Bank-supported clean cooking fund for the DRC, managed by GreenMax in partnership with ANSER. With $16M in initial capital, PIFORES will provide grant funding to support expanded distribution of locally manufactured clean biomass cookstoves.
