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Senior Investment Officer - Kakuma

Closing: Jun 14, 2024

This position has expired

Published: May 30, 2024 (19 days ago)

Job Requirements

Education:

Work experience:

Language skills:

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 local languages is a plus
  • Experience in group savings and group lending investments is preferred
  • Experience in Islamic lending and practice is STRONGLY PREFERRED
  • Strong financial and accounting skills; familiarity with business financial policies in 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
  • 4+ 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 local languages is a plus
  • Experience in group savings and group lending investments is preferred
  • Experience in Islamic lending and practice is STRONGLY PREFERRED
  • Strong financial and accounting skills; familiarity with business financial policies in 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
  • 4+ years of work experience in relevant or applicable field
  • Must be able to legally work in Kenya.


Inkomoko Kenya Investment Officer is responsible for the items below:

Responsibilities

Due diligence and Contracts preparation (40%)

  • Respond to inquiries from prospective borrowers, support them to apply for our loan products.
  • Introduce the loan products to entrepreneurs, explaining the requirements for repayment and the seriousness of taking on debt financing.
  • Introduce the loan products to SMEs, Refugees and host community entrepreneurs,
  • Conduct due diligence on prospective borrowers, including site visits, document preparation, coordination with the Business Development Associate, etc.
  • Communicate all materials to the Loan manager and Portfolio Director and assist in preparing credit reports for Investment Committee meetings.
  • Take photos of entrepreneurs, have them sign photo waivers, and post their stories on Kiva platform.

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 African Entrepreneur Collective to ensure borrower success and Visit clients for monitoring.
  • 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.
  • Interact with government leaders, cot. Jrt system, refugee's and host communities' stakeholders and others for follow up on lack of payments.
  • Work with the Finance & Admin Director/Accountant to reconcile the lending transactions.
  • Ensure that we are adhering to the requirements of our Kiva, BNR, CRB and other regulatory entities.
  • Detailed knowledge of lending products
  • Other duties as assigned by supervisor

Loan Management System (20% time)

  • Maintain and demonstrate proficiency with loan 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.
  • Direct loan input (system boarding) and verification procedures for all loans.
  • Ensure proper segregation of duties, develop and maintain workflows for all stages of loan input.
  • Advise the Management team how to automate key lending processes.
  • Supervise all aspects of the loan operations. This supervision includes posting of payment, payoffs,
  • and balancing, disbursing loan funds.
  • Ensure lending staff 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 Loan management system
  •  Other duties as assigned by supervisor

Management (20% time)

  • Coordinate loan officer's staff in African Entrepreneur Collective Kenya Limited, setting their work plans, and maintaining weekly staff check-ins.
  • Be aware at all times of key goals and develop daily strategies to achieve those goals in alignment with budget and culture.
  • Work with Loan manager and Portfolio Director to plan and manage the budget, staffing, and other resource needs to deliver program outcomes.
  • Interpret, apply, and ensure departmental compliance with applicable donors and local policies, laws, and regulations.
  • Ensure all staff under your supervision are compliant with organizational HR policies, credit policy and implement disciplinary actions when they are not.
  • Be a good ambassador in ensuring the organizational culture is understood and followed through by all staff under your supervision.
  • Represent the company in a highly professional manner in stakeholders' and government meetings and events in the absence of a Loan manager.
  • Acting the loan manager in his absence.
  • Elevate important trends, risks, and other notable activities to management.


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