Finance Director

POSITION:                   Finance Director

TERM:                         Full time, minimum 1 year commitment

LOCATION:                 T2000 Building, Kigali, Rwanda

REPORTS TO:              Managing Director

ABOUT INKOMOKO

Inkomoko Entrepreneur Development is a full-service firm focused on developing small to medium enterprises. Our client services are designed to help businesses develop and improve their capacity. Founded in 2011, Inkomoko identifies Rwandan entrepreneurs and provides them with business education, mentorship, technical support and access to affordable capital, so that they can grow their businesses and create jobs for others. Inkomoko is a registered Rwandan business that has served over 40 innovative and inspiring entrepreneurs since inception. Through an exciting partnership with African Entrepreneur Collective, a US-based NGO, we are in a period of rapid growth and expansion. 

THE OPPORTUNITY & RESPONSIBILITIES

We are looking for a highly talented and passionate Finance Director to provide highest quality programming for our clients and entrepreneurs.  The Finance Director will join a small start-up team, and will report to the Managing Director.

CLIENT SERVICES

Inkomoko works with 100 high-potential SMEs each year. We strive to provide high-quality, business development services so that they can grow their enterprises and create jobs in their communities.

·         Manage all client finance services, including oversight of financial analysis and projections in client business plans.

·         Develop and maintain relevant partnerships and collaborations with other government and private sector financial institutions in Rwanda and abroad; maintain an extensive network of referral sources.

·         Ensure smooth implementation of business education programming, including recruiting new entrepreneurs and connecting them to the full slate of services to them (formal education, mentorship pairing, and technical assistance).

·         Actively solicit new contracts for our for-profit financial consulting arm, and perform scope of work, and allocate resources for effective project management.

·         Generate new loan business that meets Inkomoko’s accelerator program standards for credit quality, social impact, and revenue targets.

·         Conduct due diligence for all prospective lending; drive execution of funding through negotiation and deal structuring; negotiate and prepare term sheets.

·         Respond to inquiries from prospective borrowers; develop relationships and promote lending products to prospective clients; conduct site visits with prospective borrowers.

·         Expand financing as appropriate to existing qualified loan clients.

LOAN FUND MANAGEMENT

Inkomoko is currently capitalizing a 1 million USD revolving loan fund. The Finance Director will play an integral part in developing this service, including:

·         Oversee loan fund activities, ensuring effective deployment of loans and repayment to maximize organizational revenue and social impact, taking into consideration risk and liquidity.

·         Work with the Managing Director to develop loan fund strategies, including growing the fund and identifying partners.

·         Maintain compliance and accountability controls for client borrowers and fund performance, and prepare reports for fund investors in compliance with revenue targets and social impact assessments.

·         Conduct due diligence on prospective borrowers; prepare credit reports for and lead the monthly Investment Committee meetings.

·         Offer excellent customer service to lead and manage relationships with existing borrowers through regular conversations, correspondence, and site visits as needed.

OPERATIONS & ADMINISTRATION

·         Supervise financial support staff.

·         Work closely with the Managing Director to develop and update financial projections and budgeting for Inkomoko’s operations and client services.

·         Perform other duties as assigned.

CANDIDATE QUALIFICATIONS

The new Finance Director will need to be an expert in the field of development finance.  We are looking for individuals who can bring lasting impact to our work.  Successful candidates must navigate fast-paced and resource-constrained environments with enthusiasm, patience, and imagination. We prefer those individuals who have previously taken on significant leadership and management responsibilities, and who have had experience working in ambiguous environments.

BASIC QUALIFICATIONS INCLUDE:

• Expert in SME finance, with experience in loan funding, finance, or other business-related fields
• Experience working in Rwanda, or other emerging markets, with small and medium enterprises, preferably with capacity building or education initiatives
• Self-starter, with proven ability to produce results within budget and time deadlines
• Proven track record of leadership, planning and management responsibilities, including staff supervision
• Unrelenting perseverance, personal integrity, and critical thinking skills
• Commitment to the mission of Inkomoko
• 5+ years of work experience in relevant or applicable field, including financial and operational due diligence of small businesses and familiarity with legal aspects of investment structures.
• Fluency in oral and written English required
• Must have the ability to analyze for-profit and non-profit financial statements. Must have deep and broad asset and cash flow based credit analysis skills as well as demonstrated financial modeling skills.

·         Must be able to effectively use standard business software such as Microsoft Office; and to use the Internet for research and information-gathering

·         Must have own computer and cell phone

·         Bachelor’s degree is required, preferably in Business Administration or Finance, MBA or other relevant advanced degree strongly preferred

TO APPLY

Email your resume/CV and cover letter to Julienne Oyler at julienne@inkomoko.com by 31 January 2014.  Include your name and “Finance Director” in the email subject line.
We anticipate a February start date.