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Investment Officer - Dadaab

Closing: Nov 20, 2022

This position has expired

Published: Nov 14, 2022 (26 days ago)

Job Requirements

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Job Summary

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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. 


Responsibilities
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. 


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 


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