Investment Officer - Assosa job at AEC
 

Vacancy title:
Investment Officer - Assosa

[ Type: FULL TIME , Industry: Consulting , Category: Accounting & Finance ]

Jobs at:

AEC

Deadline of this Job:
12 June 2022  

Duty Station:
Within Ethiopia , Assosa , Horn of Africa

Summary
Date Posted: Thursday, June 09, 2022 , Base Salary: Not Disclosed

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JOB DETAILS:
Company Values
We have a diverse staff, who all embody the company’s culture. In addition to the skills above, all candidates must demonstrate our core values:
• Purpose: be solutions-oriented and produce high-quality work and be a global leader.
• Achievement: Showing up over and over again to get the work done right.
• Improvement: Be humble and committed to continuous learning and growing. Improve through giving and receiving open and accurate feedback
• Bravery: willing to take risks and create a safe space for others. Be compassionate and inclusive.
• Turikumwe/Tuko Pamoja/Abren Nen/Waliin Jirra/We are Together: We appreciate our colleagues, celebrate success, and support each other in hard times.
About the Opportunity
The Investment Officer will be a trusted partner of AEC Ethiopia clients with the responsibilities below:

Responsibilities
Due diligence and investment preparation (60% time):
• 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 arrange to opens new investment account.
• Prepares and execute 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 Investment 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% time)
• Offer excellent customer service through daily conversations, correspondence, and site visits as needed to maintain strong positive relationships with borrowers.
• Work with AEC Ethiopia 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 Investment 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% time)
• 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.

Job Requirements
Minimum Qualifications
• University degree in Finance or other related field
• Must speak fluent English and Amharic ,Knowledge of Arabic is an added advantage.
• Experience in group savings and group lending investments is preferred
• Strong financial and accounting skills; familiarity with business financial policies in Ethiopia
• 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
• Must be able to legally work in Ethiopia.
What You'll Get
• Fun, collaborative work environment
• Opportunity to work with a talented, passionate, and committed team of professionals
• Challenging work and the opportunity to grow and develop your skills
• Ability to make a significant social impact and contribute to economic growth
• Competitive benefits package - health insurance, staff savings program, parental leave, sabbatical program, and more.

Work Hours: 8


Experience in Months: 24

Level of Education:
Bachelor Degree

Job application procedure
Apply in person

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QUICK ALERT SUBSCRIPTION

Job Info
Job Category: Accounting/ Finance jobs in Ethiopia
Job Type: Full-time
Deadline of this Job: 12 June 2022
Duty Station: Assosa
Posted: 09-06-2022
No of Jobs: 1
Start Publishing: 09-06-2022
Stop Publishing (Put date of 2030): 09-06-2065
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