Junior Loan Officer at AEC Rwanda Trustee Ltd

By | January 20, 2020

Junior Loan Officer

 Kigali, Rwanda

COMPANY:      AEC Rwanda Trustee Ltd

POSITION:       Junior Loan Officer

TERM:              Full time (40 hrs/week, est)

LOCATION:      Mahama, Nyabiheke & Kigeme 

REPORTS TO: Senior Loan officer

ABOUT AEC RWANDA TRUSTEE

AEC Rwanda Trustee Ltd provides low-cost capital leases and project finance to Camp Refugees and host community entrepreneurs and SMEs in Rwanda. With backing from US-based investors, we provide up to $50,000 in financing with flexible loan terms to qualified borrowers. The Loan fund is exclusively open to INKOMOKO clients. Inkomoko Business Development provides clients with a range of business support services, which decreases our investment risk. This partnership model allows AEC Rwanda Trustee to make decisions based on a range of indicators, including financial information, potential for social impact, and character of the entrepreneur.

Currently, we are hiring one position in Mahama, Kigeme, and Nyabiheke.

THE OPPORTUNITY & RESPONSIBILITIES

AEC Rwanda Trustee’s Junior Loan Officer is responsible for the items below:

 DUE DILIGENCE and DOCUMENTS PREPARATION (70%)

  • Respond to inquiries from prospective borrowers; support them to apply for our loan products.

  • Introduce the loan products to entrepreneurs, explaining the requirements for repayment and the seriousness of taking on debt financing.
  • Train saving g group on financial literacy and investments redness
  • Form new ideas stage and starts up into groups and recommend them to loan officers for diligence

  • Conduct due diligence on prospective borrowers, including site visits, document preparation, coordination with the Business Development Associate, etc.

  • Communicate all materials to the Senior Loan Officer, and assist in preparing credit reports for Investment Committee meetings.
  • Take photos of entrepreneurs, have them sign photo waivers.

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 Inkomoko to ensure borrower success, and Visit clients for monitoring.

  • Track information about borrowers and communicate effectively with key stakeholders about client status.

  • Coordinate with a loan officer in the recovery of loans in arrears

  • Actively participate as key staff in the monthly Portfolio Review Meeting.

  • Maintain a tracking system of borrower payments and contact information.

  • Interact with government leaders, court systems and others for follow up on lack of payments.

  • Ensure that we are adhering to the requirements of Central bank and our Kiva partnership, including reporting and journaling.

  • Other duties as assigned by supervisor

CANDIDATE QUALIFICATIONS

A loan officer will be a trusted partner of AEC Trustee clients and basic qualifications

Include:

  • A university degree in Finance or other related fields

  • Must speak fluent English, French, and Kinyarwanda.

  • Experience in group savings and lending is strongly preferred

  • Experience in group lending products developments

  • Experience in micro-finance is STRONGLY preferred.

  • Experience providing business advice to entrepreneurs

  • Prior experience dealing with customers/debt collection

  • 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

  • Comfort with the civil court system and previous experience in litigation preferred

  • Unrelenting perseverance, personal integrity, and critical thinking skills.

  • 1+ years of work experience in a relevant or applicable field.

  • Must be able to legally work in Rwanda.

 WHAT YOU WILL GET

  • Colleagues who are passionate that entrepreneurs will transform the continent

  • The flexible, collaborative work environment

  • Opportunity to work with a talented and committed team of professionals

  • Challenging work, and the opportunity to grow and develop your skills

  • Ability to make an impact and contribute to economic growth in Rwanda

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