Investment Administrators - Assosa and Jijiga

πŸ“ Accounting and Finance, Business and Administration
πŸ•’  Feb 29, 2024
πŸ—ΊοΈ Assosa, Jijiga

Job Information

πŸ‘‰ Salary : Attractive
πŸ‘‰ Employment Type:
πŸ‘‰ Job Level : Mid Level ( 2+ - 5 years experience) πŸ‘‰ Deadline : Mar 05, 2024
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Job Description

About the Company

Inkomoko supports entrepreneurs to grow their businesses in order to improve livelihoods, create jobs, and help communities thrive.

Founded in 2012, Inkomoko has worked with more than 60,000 entrepreneurs across East Africa, including thousands of refugee entrepreneurs. Inkomoko provides a combination of training, consulting, access to finance, and market-level systems change. We are the largest lender to refugee entrepreneurs in Africa.

Inkomoko has +390 staff in 30 offices across Rwanda, Kenya, Ethiopia, and South Sudan. Through Inkomokos 2030 strategic plan, we are adding 4 additional countries to improve the lives of more than 7.6M people by serving more than 550,000 entrepreneurs and investing $150M into refugee & host communities across Africa.

Company Values

All staff at Inkomoko are connected to a shared set of organizational values:

  • Purpose: be solutions-oriented and produce high-quality work and be a global leader.
  • Achievement: push yourself to reach beyond what you think is possible.
  • Improvement:be humble and committed to continuous learning and growing through giving and receiving open and accurate feedback.
  • Bravery:willing to take risks, create a safe space for others, be compassionate, inclusive.
  • Turikumwe/Tuko Pamoja/ Abren Nen (We are together): appreciate your colleagues, celebrate success, and support each other in hard times.

Inkomoko reflects the communities we serve. Displaced persons and women are strongly encouraged to apply.

About the Opportunity

Inkomoko Consulting PLCs is looking for an Investment Administrator who will provide the highest quality support to the lending team in Ethiopia, and as we expand to other locations across East Africa

Responsibilities

InkomokoEthiopiaInvestment administratorisresponsiblefortheitemsbelow:

Department Admin Support (40%)

  • Be the lead taker of Investment committee meeting minutes and other department meetings;
  • Be the lead administrator for Inkomoko Ethiopias LMS powered by (Odoo), tracking all borrower information including creating and updating clients profiles, payments registration, and disbursements tracking;
  • Track, file and report on compliance with disbursements, collection and other non-financial matters;
  • Create reports on investment disbursement, closing investments and active investments;
  • Activelyparticipateas akeystaffintheweeklyPortfolioReviewMeeting;
  • Compile the pipeline from the BGS Team and prepare the lists for UNHCR verification;

Investment Compliance and Reporting (20%)

  • File and maintain Investment contracts, legal documents and other documents in a safer way (both paper and electronic) and meeting Inkomoko Ethiopia filing standards,
  • Manage communication between lending and other department staff and perform regular investigation to resolve all customer /team issues efficiently,
  • Analyze and identify all fee discrepancies in investment processes and perform regular audit on processes and ensure compliance to all requirements,
  • Assist with the preparation of annual reviews for projects in the investment department,
  • Collect and share financial reports and other relevant information to Portfolio manager, Snr Portfolio Manager and Regional Portfolio Director,
  • Prepare timely and accurate reports required by partners, stakeholders and funders including Kiva, investment committee, CBK etc

Kiva documentation and compliance (20%)

  • Ensure borrowers profiles meet Kiva standards,
  • Select photos of entrepreneurs, have them sign photo waivers,
  • Prepare Kiva report on monthly basis and other departmental reports,
  • Write compelling descriptions of borrowers in English and post them to the international Kiva platform for fundraising,
  • Prepare documentation for new approved investments to be posted on Kiva website,
  • Ensure 100% of investment repayment schedules are matching with Kiva repayment schedules - on kiva platform,
  • Coordinate with lending staff to get all investment documentation needed for fundraising,
  • Adhere to credit policy TAT for Kiva fundraising and meet clients needs,
  • Ensure that we are adhering to the requirements of our Kiva partnership, including reporting and journaling,
  • Ensure that all investment documentations are updated appropriately in the system so that the Kiva fundraising tasks are performed easily.

Coordination with Finance (10%)

  • Identify discrepancies between different investment department reports and finance reports and propose ways to solve them,
  • Perform various accounting processes that deal with receipts, payments and checks issued,
  • Initiate collection activities on the past investments past due,
  • Identify signs of unusual or suspicious investment activities and make recommendations to minimize the risk factors.

Investment Closing and Disbursements (10%)

  • Ensure that investments disbursement adhere to investment committee approval decisions and policies,
  • Review and prepare requests for investment disbursements and ensure 100% compliance with the investment committee decision such as approved investment amounts and conditions for approval,
  • Ensure all refugee clients are verified by UNHCR prior to the disbursements in order to minimize risks,
  • Other duties as assigned by the supervisor.

Job Requirements

Minimum Qualifications

  • Strong English writing and reading skills is STRONGLY preferred,
  • a university degree in finance or other related field,
  • Mustspeak fluentEnglish,andIslamic. Other languages are an additional asset,
  • Experienceincredit or investment managementandaccess tofinancefor MSMEs in Ethiopia Banks or Micro finances are preferred,
  • Verystrongattentiontodetailsandgoodfollowthrough,
  • Ability to work well under pressure and ability to multitask,
  • Unrelentingperseverance,personalintegrity,andcriticalthinkingskills,
  • 2+yearsof workexperienceinrelevantorapplicablefield.
  • MustbeabletolegallyworkinEthiopia.

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.
  • Opportunity to work with a talented team of professionals across the region.

How to Apply

If youre excited about this role, please submit your cover letter and CV through the application portal.

Inkomoko is committed to Justice, Diversity, Equity and Inclusion. As a company we have policies that ensure fair treatment in the application process.

NB: Only shortlisted candidates will be contacted. We do not employ staff whose background is not suitable.

All offers of employment will be subject to satisfactory references and background screening checks. Inkomoko also participates in theInter Agency Misconduct Disclosure Scheme, In line with this Scheme, we will request information from job applicants previous employers about any findings of sexual misconduct, fraud, or abuse. By submitting an application, the job applicant confirms his/her understanding of these recruitment procedures.

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Deadline
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