ABOUT INKOMOKO
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 and Central 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 650+ staff in 40 offices across Chad, Ethiopia, Kenya, Rwanda, and South Sudan. Through Inkomoko’s 2030 strategic plan, we are adding 3 additional countries to serve more than 550,000 entrepreneurs and growing our $30M loan fund to impact 7M lives.
INKOMOKO VALUES
All staff at Inkomoko are connected to a shared set of organizational values:
- Purpose: be solutions-oriented, produce high-quality work, and be a global leader.
- Achievement: push yourself to reach beyond what you previously thought possible.
- Improvement: be humble, engage in continuous growth through open & accurate feedback
- Bravery: willing to take risks, create a safe space for others, be compassionate, and inclusive.
- We Eat Goat: we celebrate success and support each other in hard times. We do this work together in the spirit of turikumwe, tuko pamoja, abren nen, Kula na sawa, On est ensemble.
Inkomoko is an affirmative action/equal opportunity employer. Refugees, women, and persons who reflect the diverse communities we serve are strongly encouraged to apply.
ABOUT THE OPPORTUNITY & RESPONSIBILITIES
Investment Manager will be a trusted partner of Inkomoko Ethiopia clients with the responsibilities below:
DUE DILIGENCE AND FACILITY/INVESTMENT PREPARATION (40%)
- Respond to inquiries from prospective borrowers, support them to apply for our investment products,
- Introduce the investment products to entrepreneurs, explaining the requirements for repayment and the seriousness of taking on debt financing,
- Conduct due diligence on prospective borrowers, including site visits, document preparation, coordination with the Business Development Associates and Business Associates, etc.
- Communicate all materials to the Senior Portfolio Manager/ Regional Portfolio Director and assist in preparing credit reports for Investment Committee meetings,
- Take photos of entrepreneurs, have them sign photo waivers, and post their stories on the Kiva platform.
PORTFOLIO MANAGEMENT (30%)
- Offer excellent customer service through daily conversations, correspondence, and site visits as needed to maintain strong positive relationships with borrowers,
- Work with Business Development Services team to ensure borrower success, and Visit clients for monitoring,
- Track information about borrowers and communicate effectively with key stakeholders about client status,
- Actively participate as key staff in the weekly Portfolio Review Meeting,
- Maintain a tracking system of borrower payments and contact information,
- Interact with government leaders, the court system, refugees and host communities’ stakeholders and others for follow up on lack of payments,
- Work with the Finance Director/Senior Finance Associate to produce invoices for payments,
- Ensure that we are adhering to the requirements of our Kiva partnership, including reporting and journaling,
- Other duties as assigned by the supervisor.
TEAM AND GROWTH MANAGEMENT (20%)
- Supervising and training Investment Officers staff in all steps of the investment granting cycle including:
- Acquisition and screening of potential clients,
- Active monitoring of investment repayments and overall performance,
- Investment assessment, appraisal and disbursement.
- Chairing credit/facility committees under the portfolio manager’s approval rights.
INVESTMENT MANAGEMENT SYSTEM (10%)
- 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 the supervisor.
WHO WE ARE LOOKING FOR:
Investment Manager will be a trusted partner of Inkomoko Ethiopia clients; basic qualifications include:
- University degree in Finance or another related field
- Must speak fluent English, somali and Amharic. Knowledge of other local languages will be an added advantage
- Experience in Islamic lending and practice is STRONGLY preferred
- Experience in investment management, microfinance, capital leases, and access to finance for Micro businesses and SMEs is STRONGLY preferred
- Experience in lending, group savings is strongly preferred
- Experience in lending products development is a MUST
- Experience in managing investment staff
- Experience providing business advice to entrepreneurs and dealing with customers/debt
- Prior experience in using Investment management system software
- Experience in partnerships management is STRONGLY preferred
- Decisive individuals with the ability to deliver unpleasant messages to the debtors and assertive enough to get the debtors to 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, collateral registration and previous experience in litigation is preferred
- Unrelenting perseverance, personal integrity, and critical thinking skills.
- 5+ years of work experience in the relevant or applicable field
- Must be able to legally work in Ethiopia
WHAT YOU’LL GET
This role is inside a high-growth, mission-driven social enterprise. By joining, you’ll access:
- Competitive salary, and potential Goal-based bonus
- Incredible company culture, including deep investment in your learning and growth
- Diverse colleagues and policies that show our commitment to equity and inclusion
- Talented, passionate, and committed team colleagues across the region
- Ability to make a significant social impact to your community
- Generous health insurance, staff savings, parental leave, sabbatical, and more benefits.
TO APPLY
If you’re excited about this role, please submit your application through the jobs portal.
Tell us about what you’ll bring to this growing company.
Application deadline is on the 30th January 2025 (applications are reviewed on a rolling basis, apply now!)
Inkomoko is committed to justice, diversity, equity and inclusion. As we seek to reflect the communities we serve, refugees and women are strongly encouraged to apply. As a company we have policies that ensure fair treatment in the application process.
NB: Only shortlisted candidates will be contacted. Employment is conditional upon successful background checks and other verification as needed.
All offers of employment will be subject to satisfactory references and background screening checks. Inkomoko also participates in the Inter 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 applying, the job applicant confirms his/her understanding of these recruitment procedures.
