Portfolio Manager – /Dadaab at African Entrepreneur Collective (AEC)

AEC Kenya supports entrepreneurs to grow their business to improve livelihoods and to create thriving communities. Founded in 2018, as the Kenya affiliate of the African Entrepreneur Collective, AEC Kenya has now worked with more than 5,000 entrepreneurs, providing a combination of training, consulting, access to finance, and market-level systems change. We are the largest lender to refugee entrepreneurs in Africa. AEC Kenya is a 50+ person company with 5 offices across Kenya (Nairobi, Mombasa, Kakuma, Garissa, Dadaab). All of our services ensure that businesses in Kenya can thrive and contribute to the growth of Kenyas economy. In the past few years, weve had high-profile partnerships with Kenya Chamber of Commerce and Industry, UNHCR, RAS, International Finance Corporation, Mastercard Foundation, and more. AEC Kenya disbursed $2M USD to businesses across Kenya to support COVID-19 economic recovery, all while taking our content digital. In 2022, we are launching a new strategic plan to reach beyond what we have previously thought possible.

About the Opportunity

Portfolio Manager will be a trusted partner of Inkomoko Kenya clients with the responsibilities below:

Responsibilities

DUE DILIGENCE AND FACILITY/INVESTMENT PREPARATION (40% time) 

• 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 (40% time) 

• 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, refugee’s 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 supervisor.

TEAM AND GROWTH MANAGEMENT (20% time) 

• 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.

Minimum Qualifications

• University degree in Finance or another related field


• Must speak fluent Somali, English and Kiswahili. Knowledge of other local languages will be an added advantage


• Experience in Islamic lending and practice is 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


• 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 Kenya and familiar with Garissa/Dadaab

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