Responsibilities
Inkomoko
Kenya Investment Officer is responsible for the items
below: This position will be based in both Garissa and Dadaab
Due Diligence &
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 (CBS-powered by mifos)
- 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
- Ensure posting of payment, payoffs, and balancing in Core Banking
System
- 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
Requirements
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 local 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 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.
Competencies
We
are looking for someone who;
- Instills Trust – Follows through on commitments, builds credibility
by being direct and truthful, and shows genuine care for staff members.
- Acts with Courage – Steps up to address difficult issues and speaks
openly with bravery; takes the initiative to pursue new opportunities;
takes full ownership of own work
- Makes Informed Decisions – Seeks relevant data and input when
needed, takes appropriate action within their area of responsibility, and
knows when to escalate issues or seek guidance.
How to Apply
