Head of Investment at Inkomoko

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Head of Investment

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Employer: Inkomoko

Employment: Full-Time | Permanent

Place of Work: Rwanda - Rwanda

Posted date: 1 year ago

Deadline: Submission date is over

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About the Company

Inkomoko supports entrepreneurs to grow their businesses 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 430+ staff in 30 offices across Rwanda, Kenya, Ethiopia, and South Sudan. Through Inkomoko’s 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, produce high-quality work, and be a global leader.
• Achievement: push yourself to reach beyond what you previously thought possible.
• Improvement: be humble, and engage in continuous growth through open & accurate feedback.
• Bravery: willing to take risks, create a safe space for others, and be compassionate, and inclusive.
• We Eat Goat: we celebrate success and support each other in hard times.
• 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

This is a new position for Inkomoko, with the opportunity to drive our lending strategies, manage portfolios, and contribute to the overall growth and success of the organization. You will lead a team of Lending professionals, collaborate with various departments, and provide strategic insights to optimize our Lending opportunities in the Rwanda market.

Specifically, the position's responsibilities include:

Responsibilities

• Lending Strategy Development: Formulate, communicate, and execute Lending strategies aligned with the organization's objectives and risk tolerance. Identify market trends, opportunities, and potential risks to drive informed Lending decisions.
• Team Leadership: Provide strong leadership to the Lending team, fostering a collaborative and results-oriented environment. Set performance expectations, provide coaching and mentorship, and ensure the professional growth of team members.
• Risk Management: Develop and implement risk management strategies to mitigate potential losses. Work closely with the risk management team to ensure compliance with internal and external regulations.
• Client Relations: Build and maintain strong relationships with clients, understanding their Lending preferences and long-term financial goals. Provide transparent communication and updates on portfolio performance.
• Performance Reporting: Prepare regular Lending performance reports and present them to senior management, clients, and stakeholders. Use data-driven insights to illustrate the effectiveness of Lending strategies.
• Financial Forecasting: Collaborate with finance and accounting teams to develop financial models, forecasts, and projections related to Lending activities. Ensure accurate budgeting and resource allocation.
• Compliance and Ethics: Ensure compliance with legal, regulatory, and ethical standards in all Lending activities. Uphold the highest level of integrity and professionalism in all interactions.

Expansion & External Relations

• In consultation with the Regional Portfolio Director, develop the refugee program and SME lending expansion strategies in Rwanda.
• Setting up Rwanda lending training and coaching all lending teams while maintaining a healthy portfolio in Rwanda.
• Implement refugee lending expansion in Rwanda and work in deep collaboration with Rwanda’s Managing Director.
• Support government relations, legal registration, and compliance with local lending regulations;
• Lead all Inkomoko Rwanda lending staff across the locations, setting Goals, performance reviews, and maintaining strong oversight to produce deliverables for various stakeholders.
• Plan and manage the budget, staffing, and other resources to effectively deliver lending program outcomes in Rwanda.
• Ensure lending in Rwanda programs comply with applicable donors and local laws and Central Bank of Rwanda (CBK) regulations.
• Represent Inkomoko at relevant external meetings, including taking the initiative to identify opportunities for outreach, collaboration, and partnerships that can support and accelerate Inkomoko's growth;
• Communicate effectively with donors and other stakeholders to ensure relationships are developed and maintained that promote program and organizational success.
• Regular travel to country offices and other events required by the Regional Portfolio Director.

Portfolio Management

• Offer excellent customer service through daily conversations, correspondence, and site visits as needed to maintain strong positive relationships with borrowers.
• Work with the 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, refugee and host communities’ stakeholders, and others for follow-up on lack of payments.
• Ensure that all lending staff in Rwanda are adhering to the requirements of our Kiva partnership, including reporting and journaling
• Active monitoring of loan repayments and overall performance;
• Loan assessment, appraisal, and disbursement
• Chairing credit/facility committees under the Head of investment’s approval rights,
• Other duties as assigned by the supervisor.

Minimum Qualifications

• A Bachelor's or Master's degree in Finance, Business Administration, or a related field is required. Additional certifications or advanced degrees in finance or risk management is a plus.
• 8+ Years of extensive experience in lending, credit risk management, and financial services, preferably in a leadership role. Demonstrated success in developing and executing lending strategies and managing loan portfolios.
• In-depth understanding of lending products, credit risk assessment, loan underwriting, and regulatory requirements.
• Familiar with financial analysis, loan pricing models, and industry trends.
• Strong leadership and management abilities to motivate and guide a team of lending professionals. Excellent decision-making skills, strategic thinking, and the ability to manage competing priorities.
• Proficiency in financial analysis, risk assessment, and credit evaluation. Ability to interpret complex financial data, identify trends, and make data-driven recommendations.
• Excellent verbal and written communication skills to effectively interact with internal and external stakeholders. Strong presentation skills to convey lending strategies and portfolio performance to senior management.
• Proven ability to build and maintain relationships with key stakeholders, such as clients, regulators, and industry peers. Strong negotiation and influencing skills to drive business growth and manage partnerships.

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.

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