What are the responsibilities and job description for the Chief Investment Officer position at Global Jobs?
Connect One Billion’s mission is to provide small high-potential internet service providers (ISPs) in low- and middle-income countries (LMICs) with the capacity building and early financial support they need to extend secure and affordable high-speed Internet connectivity to at least one billion people over the next decade. Connect One Billion will do so through a closely integrated three-part structure that will support ISPs at various stages of development. This is envisioned to be a $250M initiative with $50M in Technical Assistance, $50M-$100M in Concessional Capital, and $100M-$150M in Growth Equity.
A high number of candidates may make applications for this position, so make sure to send your CV and application through as soon as possible.
- Technical Assistance (TA) Fund offers grants and capacity-building programs for ISP management and technical staff. Grants might fund research, equipment for pilots, or consulting services; capacity-building programs might focus on areas such as business planning, technical operations, investor readiness, and financial management. The TA Fund also plays an important role in Connect One Billion’s mission to support the broader ISP ecosystem by facilitating knowledge sharing among ISPs both within and across regions, fostering partnerships with equipment vendors and investors, supporting policy advocacy for an enabling regulatory environment, and hosting events and convenings to create a more supportive ecosystem for ISP growth and digital infrastructure development. By addressing non-financial barriers to growth, the TA Fund prepares ISPs for effective deployment of capital and enhances their ability to successfully scale.
- Concessional Capital Fund (CCF) offers patient, flexible capital at below-market rates to support early-stage ISP growth. This fund utilizes various financial instruments tailored to the specific needs of early-stage ISPs in challenging markets. By providing affordable capital with flexible terms, the CCF aims to de-risk later stage investments and catalyze additional capital into the sector. This component bridges the gap that currently exists for ISPs between grant funding and commercial investment, with the goal of de-risking investments and crowding in private capital.
- Growth Equity Fund (GEF) provides equity investments to fund the expansion of proven ISP business models. With a target ticket size of $3-10 million, with potential for follow-on, this fund focuses on ISPs that have demonstrated traction and are ready for significant expansion. By investing in the most promising ISPs, this fund aims to drive substantial growth in connectivity, while also demonstrating the commercial viability of investing in or lending to ISPs in LMICs to attract further commercial capital to the sector, in the form of both equity and debt.
Position Overview
Connect One Billion will be a separate legal entity, with its own management, board, and staff. Pursuant to an agreement with USAID, Vernonburg Group is incubating the formation of Connect One Billion. As the founding Chief Investment Officer (CIO), you will lead investment strategy and execution across technical assistance, concessional capital, and growth equity vehicles. This is a builder / operator role requiring both strategic vision and hands-on execution. This is a unique opportunity to shape a new organization from the ground up while working to close the digital divide in low- and middle-income countries.
Responsibilities
Investment Operations & Systems Development
Partnership & Stakeholder Management
Qualifications
We’re looking for candidates who bring some combination of the following experience :
The following aren’t as essential, but would be nice to have :
Commitment to Diversity
Connect One Billion is dedicated to promoting a diverse team. Consistent with applicable law, all qualified applicants will receive consideration for employment without regard to age, ancestry, citizenship, color, family or medical care leave, gender identity or expression, genetic information, immigration status, marital status, medical condition, national origin, physical or mental disability, political affiliation, protected veteran or military status, race, ethnicity, religion, sex (including pregnancy), sexual orientation, or any other characteristic protected by applicable local laws, regulations and ordinances.
Compensation
Connect One Billion will offer a salary commensurate with experience and a competitive benefits package.
Other Information
Connect One Billion is expected to be a distributed organization with employees working remotely. This role will require 20-30% travel.
Application instructions
Please submit your resume / CV and at least three professional references. In the body of the email, include 1-2 paragraphs about why you’re a good fit for the opportunity. Applications will be reviewed on a rolling basis in early 2025. Ideally, we will have someone in place by March 2025.
Please be sure to indicate you saw this position on Globaljobs.org.
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