About BIIBritish International Investment is the UKdevelopment finance institution, owned by the UK Government. With a mission to solve the biggest global development challenges, we aim to create a virtuous circle of investment and impact. Your contribution will be essential.It woneasy: we do the hardest work in the most complex markets. Be prepared to test your skills, get creative and say your piece as you take on high-profile work as part of a diverse team of exceptionally smart, passionate people.In return, you can take your career to all-new places in a culture that rewards curiosity and collaboration, and balances high performance with wellbeing.BII at a glance75 yearssupporting sustainable business growth in developing and emerging marketsbillionnet assets1,400businesses invested in950,000workers in the businesses we supportbillionnew investments planned in the next 5 years600people in our diverse global team3 key development objectives: Productive | Sustainable | InclusiveThe TeamThe Financial Services Group (cFSGplays a key role in contributing towards inclusive development, including filling the SME financing gap, supporting the inclusion of significant numbers of people that remain unbanked and promoting sustainable financing. With the full product suite within one department, the group decides how to invest BIIcapital into financial services and institutions for the most impact.The FSGDirect Equity team provides growth capital via minority stakes in financial institutions with a focus on transformative business models and specialised financial service providers. The portfolio includes investments in M-KOPA (a pioneering Pay-As-You-Go platform operating across Africa), TymeBank (a leading South African Neobank) and Indifi Technologies (a digital lender providing loans to micro and small businesses in India).The RoleSpecific responsibilities will be driven by priorities and needs of the team at the time, but are expected to include some or all of the following:StrategySupport the development of the teamoverall strategySupport ad-hoc strategic projects as may be requiredResearchUsing BIIproprietary data, specialised publications and open-source information to:Research specific sub-sectors, countries and regions as a part of any ongoing strategy and mapping exercisesDevelop the investment pipeline by identifying active and potential new investment opportunitiesConduct background macroeconomic and market research as part of the analysis for a specific proposalProduce market development updates and monitor factors that could have an impact on pipeline and portfolio companiesEvaluation of new investment proposalsEvaluate new investment proposals to identify opportunities that fit within BIIdevelopmental and investment mandateAssist with due diligence and financial analysis on specific proposalsAssist with preparing presentations and participating in meetings with co-investors and potential investees where appropriateAssist with preparing investment committee papers and participating in the meetingsUpdate BIIinternal databases on a regular basis to track deal processesPortfolio monitoringPrepare reviews of investeefinancial and strategic performance, including compliance with BIIDevelopment Impact thesis and Environment, Social and Governance requirementsUpdate internal monitoring tools as appropriateThe Candidate (please note, this programme is not for undergraduates)Currently enrolled in an MBA or equivalent programmeDemonstrable business experience in an international environment, including exposure to emerging market finance is desirableExperience in an investing role within development finance, private equity, banking, financial institutions, or digital financial services (fintech) is desirableDemonstration of identity with BIIproposition including:An awareness of and appreciation for BIIobjectivesA desire and passion to be part of BIIstrategy and participate in its workEvidence of high-performance standards in previous positionsAbility to analyse financial statements and make commercial assessmentsStrong excel modelling skillsExperience in valuation techniquesBasic commercial insight into the challenges and key drivers that financial institutions faceBasic understanding of private equity and the challenges\/issues involved with this type of investmentUnderstanding of emerging market environmentsStrong research, writing (long and short format) and oral presentation skillsGood understanding of how to formulate ideas in order to originate dealsExperience of structuring, reviewing, and negotiating investment proposalsOur cultural valuesWe look for team members who aspire, as we do, to work at our best and to be:Impact-led, commercially rigorousTenacious in the face of challengesCollaborative and caringBritish International Investment is committed to diversity and inclusion and welcomes all applicants regardless of age, disability, gender reassignment, marriage and civil partnership, pregnancy and maternity, race, religion or belief, sex, sexual orientation or educational background.Application ProcessPlease provide a cover letter with your application, and tell us why you would like to join the Summer Internship at BII, and why you have chosen to apply for this business area \/ teamPlease apply for one internship onlyPosition opened: 28October 2024Position closes: 01 December 2024Salary: pro-rated over 8 or 10 weeks)Please note BII will pay for flights to London for those studying internationally