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Investment Officer - Dadaab

Closing: Jun 14, 2024

Closing today

Published: May 30, 2024 (16 days ago)

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Job Summary

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Minimum Qualifications

Investment officer will be a trusted partner of Inkomoko Kenya clients, and basic qualifications Include:

  • University degree in Finance or other related field,
  • Must speak fluent English and Swahili. Knowledge of other Somali language 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 ability to deliver unpleasant messages to the debtors and assertive enough to get the debtors pay off the entire debt,
  •  Experience in managing difficult clients and reaching positive outcomes,
  •  Very strong attention to details 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 relevant or applicable field,
  •   Must be able to legally work in Kenya. 


Responsibilities

Minimum Qualifications

Investment officer will be a trusted partner of Inkomoko Kenya clients, and basic qualifications Include:

  • University degree in Finance or other related field,
  • Must speak fluent English and Swahili. Knowledge of other Somali language 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 ability to deliver unpleasant messages to the debtors and assertive enough to get the debtors pay off the entire debt,
  •  Experience in managing difficult clients and reaching positive outcomes,
  •  Very strong attention to details 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 relevant or applicable field,
  •   Must be able to legally work in Kenya. 


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 arrange 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 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 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 work flows for all stages of investment 
  • Advise the Management team how to automate key lending processes
  • Supervise all aspects of the investment operations. This supervision includes posting of payment, payoffs, and balancing, disbursing investment funds
  • Ensure 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 accuracy and efficiencies of Investment management system 
  • Prepare related reports and administer the system
  • Other duties as assigned by supervisor 


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