Investment Officer
African Entrepreneur Collective (AEC)
Расположение работы
Kakuma
Подробности вакансии
Responsibilities
DUE DILIGENCE and INVESTMENT PREPARATION (60%):
- Respond to inquiries from prospective borrowers; support them to apply for our facility/investment products.
- Introduce the investment products to entrepreneurs, explaining the requirements for repayment and the seriousness of taking on debt financing.
- Conducts investment appraisal, collects detailed information (personal, business, and guaranties), and arranges to open a new investment account.
- Prepares and executes investment contracts and arranges for disbursement of investment in kind.
- Conduct due diligence on prospective borrowers, including site visits, document preparation, coordination with the Business Development Advisors and Business Associates, etc.
- Communicate all materials to the Portfolio Manager, and assist in preparing credit reports for Investment Committee meetings.
- Take photos of entrepreneurs, have them sign photo waivers, and ensure entrepreneurs' stories are posted on the Kiva platform for fundraising with all correct information. PORTFOLIO MANAGEMENT (20%)
- Offer excellent customer service through daily conversations, correspondence, and site visits as needed to maintain strong positive relationships with borrowers.
- Work with the Inkomoko Kenya Business Development Services team to ensure borrower success, and Visit clients for monitoring.
- Maintain both delinquency and default rates below set rates during yearly goal setting,
- Track information about borrowers and communicate effectively with key stakeholders about client status.
- Actively participate as a key staff in the weekly Portfolio Review Meeting.
- Maintain a tracking system of borrower payments and contact information.
- Work with the Finance & Admin team to produce invoices for payments and monthly reconciliation of investment department transactions.
- Interact with government leaders, court systems, and others for follow-up on lack of payments.
- Ensure that we are adhering to the requirements of our Kiva partnership, including reporting and journaling.
- Other duties as assigned by the supervisor INVESTMENT MANAGEMENT SYSTEM (20%)
- Update both disbursements and investment repayments in the Investment Management System (LMS-powered by odoo)
- Maintain and demonstrate proficiency with investment software applications
- Work with system providers to utilize applications to their fullest capacity, streamlining processes and procedures, ensuring accuracy and compliance
- Assist with system parameters and design to meet the needs of multiple departments.
- Manage user security access
- Ensure proper segregation of duties, develop and maintain workflows for all stages of investment
- Advise the Management team on how to automate key lending processes
- Supervise all aspects of the investment operations. This supervision includes posting of payments, payoffs and balancing, disbursing investment funds
- Ensure the lending team is provided with updates and procedural changes
- Participates in the review and recommendations of operational systems and procedures
- Successfully interact with lending staff to improve the accuracy and efficiencies of the Investment management system
- Prepare related reports and administer the system
- Other duties as assigned by the supervisor Minimum Qualifications
The investment officer will be a trusted partner of Inkomoko Kenya clients, and basic qualifications Include:
- University degree in Finance or other related fields,
- Must speak fluent English and Swahili. Knowledge of other local languages is a plus,
- Experience in Islamic lending and practice is an added advantage,
- Strong financial and accounting skills; familiarity with business financial policies in Garissa/Kenya
- Experience in investment management, microfinance, capital leases, and access to finance for Micro businesses and SMEs is STRONGLY preferred,
- Prior experience dealing with customers/debt,
- Prior experience in a lending environment,
- Experience providing business advice to entrepreneurs,
- Prior experience in Investment management system software,
- Decisive individuals with the ability to deliver unpleasant messages to the debtors and assertive enough to get the debtors to pay off the entire debt,
- Experience in managing difficult clients and reaching positive outcomes,
- Very strong attention to detail and good follow-through,
- Comfort with the civil court system and previous experience in litigation preferred,
- Unrelenting perseverance, personal integrity, and critical thinking skills,
- 2+ years of work experience in the relevant or applicable fields,
- Must be able to work in Kenya legally. Don't Keep Share!:
Method of Application
Closing Date : 27 November. 2022
