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