Open Roles at Inkomoko at Inkomoko

Open Roles at Inkomoko at Inkomoko | Iko Kazi

**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 (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.

Benefits

WHAT YOU’LL GET

This role is a tremendous opportunity to work in a high-growth, mission-driven organization. Our compensation includes a great working environment and competitive compensation:

Competitive salary, and potential performance-based bonus
Benefits including health insurance, annual leave, staff savings program, parental leave for men and women, sabbatical program, and more.
Incredible company culture, including deep investment in your learning and growth, and opportunities for career growth;
Opportunity to work with a talented team of professionals across the region;
Ability to make a significant social impact and contribute to economic growth;

go to method of application »

DUE DILIGENCE AND INVESTMENT PREPARATION (30%)

Support in the compilation of pipelines. 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.
Provides necessary information for investment contracts’ preparation and execution and follow up for disbursement of investment upon fulfillment of conditions. Maintain a healthy portfolio.
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 (50%) **

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. • Interact with government leaders, community leaders 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%) **

Maintain and demonstrate proficiency with investment software applications. Participate in the training of system providers to utilize applications to fullest capacity, streamlining processes and procedures, ensuring accuracy and compliance.
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 the lending team is provided with updates and procedural changes.
Participates in the review and recommendations of operational systems and procedures.
Successfully interacts with lending staff to improve accuracy and efficiencies of the Investment management system.
Prepare related reports and administer the system.
Other duties as assigned by the supervisor.

Requirements

Investment Support Associate will be a trusted partner of Inkomoko Kenya clients, and basic qualifications Include:

Degree in Finance or other related field,
Experience in Islamic lending and practice is an added advantage,
Strong financial and accounting skills; familiarity with business financial policies in Dadaab.
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
2+ years of work experience in relevant or applicable field
Fluency and Excellent communicator to audiences in English, Swahili, Somali highly desirable
Must be able to work in Kenya legally and based in Dadaab

COMPETENCIES;

We are looking for someone who;

Manages Diverse Relationships – Relates well to a wide variety of personalities, values differences, and communicates effectively across diverse communication styles, cultures, and backgrounds.
Takes initiatives to Deliver – Thinks several months in advance, prioritizes objectives, implements reliably, and quickly identifies what will help or hinder goal accomplishment.
Fluent in Technology – Uses technology effectively to work efficiently and achieve desired outcomes.