I am trying to move to project finance (as you can see from my post history). I've been targeting any and all junior level project finance roles.
I have an offer for a job where I would be monitoring a portfolio of loans to goat farmers in Mongolia (small business loans via their own bank). OK, it's not actually for goat farmers in Mongolia, but it's in a similar vein and i'm using it as an example to show how niche/narrow this sector is. There's no exposure to power, energy, infra, etc.
What exit opps would be possible from this? It's been challenging to even get interviews in junior project finance so wondering how i could leverage any experience from this to other roles or if this role is so out of left field that I need to keep looking for more project finance roles (which could take another 6-months if at all to get more interviews). If anything, it sounds like if I want to exit i would need to learn about FIG rather than project finance or power.
Well, you really should've posted this in the Mongolian Goat Farmer forum but...
...difficult to comment without knowing the actual job (and if it's super niche then of course don't make it public), but if it's along a similar vein of loan portfolio management for small lenders in developing countries (like, microfinance), then honestly my gut says not to take this role if your destination in mind is project finance.
The only exit opportunities which come to my mind would be institutions like EBRD or IFC (not necessarily bad actually for project finance, but it's public sector which might not appeal to you (albeit salaries are tax free I believe)), or non-profit / impact investment type roles. Again, maybe I'm being misled by your role description, but this doesn't sound like it has any project finance skills (or not many).
Without going through your post backlog, the market sucks at all levels for lateral recruitment just now. I don't know this sector in tremendous detail so take everything I say with a grain of salt, but I think more relevant opportunities will show up
thank you! this is helpful. Just worried about timelines because my current company is cutting people so I need to hedge against that.
if the portfolio is worth above $1bn you can exit to oaktree distressed debt. I am sure the market value of those mongolian loans are 30 to par which is in deep distressed territory.
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