Strategic Investments

Job Name – PA (Business Unit):
Job Title: (Job Name) – Strategic Investments
Job Purpose
Expanding the Strategic Investments team to widen coverage of companies and sectors of financial/ strategic interest for the Bank
Job Responsibilities
Weight
A) New investments/ divestments:
Analyse and evaluate i) new investments in new companies (mainly unlisted companies) and AIF/ other funds and ii) incremental investments in/ divestments from existing investments
For investments in new companies:
1. Developing the investment thesis for such companies, including if applicable, seeking views of the concerned HDFC Bank team/s who have a business relationship with such companies
2. Validating/ rationalizing their expectations of future business from such companies from an IC note perspective
Prepare detailed investment note for each investment/ divestment for review by the Bank’s Investment Committee (‘IC’)/BoD (in case of strategic investments), covering Industry, Company, Financial analysis, IRR analysis, investment risks, recommendation etc.
30%
B) Complete execution of the approved investments
1. Drafting and preparation of term sheets, agreements and other documents (where external counsel not engaged by the Bank)
2. Setting the due diligence agenda and conducting due diligence
2. Co-ordination of term sheet and agreements signing, agreement stamping, due diligence, regulatory approvals and payment/ receipt of consideration and receipt/ sale of shares
3. Liasing with Legal and Secretarial teams and Compliance teams (wherever applicable) for negotiating term sheets/ share purchase agreements and preparation of forms/ other documents for submission to regulators/ investee companies and for seeking regulatory approvals/ queries on regulations and compliance etc.
20%
C) Record Keeping:
Maintain files for every investment, including copies of IC/ BoD approvals, regulatory approvals received, non-disclosure agreements executed, important working papers and correspondence, due diligence reports and deal agreements (such as share purchase agreements etc)
15%
D) Portfolio Monitoring and Review
• Meet investee companies/ funds periodically in person to get updates on the business and the operating environment
20%
• For unlisted investments worked on, tracking half yearly/ yearly performance (as available), seeking updated budget presentations etc. (for comparison to numbers presented in investment note), computing IRR to Bank and preparing a summary report
• For listed investments worked on, tracking quarterly performance
• For AIF fund investments worked on, tracking quarterly/ half-yearly performance reports/ NAV and overall review of fund portfolio and computing IRR to Bank and preparing a summary report for IC every half-year (by Nov 30 and Jun 30)
ROLE 2: Exploring business opportunities with Bank from ecosystem of companies which are met by the Investments Team
In certain cases for companies being met, where HDFC Bank has no significant relationship with such companies but could develop one, analyse the business case for bank and the company for working together, validate with the respective business teams at Bank and thereafter, get the promoters of such companies to meet with the relevant identified teams for starting a HDFC Bank relationship
15%
Educational Qualifications
Key Skills
 Graduation: B.Com/ B.Tech
 Post-Graduation: CA/ MBA
Analytical capability across financials and business metrics; Proficiency in building business models and investment Memos; Ability to work with multiple teams
Experience Required
Investment Banking and Business Development
Major Stakeholders (intra team and cross functional stakeholders, who would need to be interacted with for discharging duties)
 Role requires presentations to/ interactions with Bank’s Investment Committee Members, Senior members of Market Risk, Legal and Secretarial Teams for investments and divestments.
 Further, role also requires interaction with and joint working with several business teams for referring banking business leads generated by investments team when new companies are met and for developing a business plan for presentation to the IC for any proposed investment recommended by any business team