Investment Officers - Turkana, Kenya - Inkomoko

    Inkomoko
    Inkomoko Turkana, Kenya

    1 week ago

    Default job background
    Full time
    Description

    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.