About the Opportunity
Inkomoko
Kenya Investment Officer is responsible for the items below:
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 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.
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.
- 2+ years of work experience in
relevant or applicable field,
- Must speak fluent English and
Swahili.
- Experience in Islamic lending and
practice is an added advantage,
- Strong financial and accounting skills;
familiarity with business financial policies in Kakuma.
- 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,
- Must be able to legally work
in Kenya.
How To Apply