Inkomoko

Inkomoko

294 views



Position: Investment Reconciliation Officer - Ethiopia
Job Time: Full-Time
Job Type: Permanent
Place of Work: ******* - Ethiopia
Posted date: 2 weeks ago
Deadline: May, 31/2024 (6 days left)

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 450+ 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

As an Investment Reconciliation Officer, you will be responsible for ensuring accuracy and integrity in financial transactions and records within the investment department. You will play a crucial role in reconciling various investment accounts and maintaining financial records in compliance with regulatory standards. Attention to detail, analytical skills, and financial expertise are essential for success in this role.

Responsibilities

Reconciliation of Investment Accounts (30% time)

  • Conduct daily, weekly, and monthly reconciliations of loan accounts ensuring discrepancies are promptly identified and resolved.
  • Verify cash balances and other transactions against internal records and external sources.
  • Work with the investment team to resolve discrepancies between the loan management system and the accounting module.
  • Keep records of reconciled reports and share them with the Investment Manager
  • Ensure loan accounts are fully reconciled against the Loan Management System

Financial Reporting and Analysis: (30% time)

  • Prepare a monthly report with details of loan disbursements and repayments, and monthly closing outstanding balance.
  • Collaborate with investment managers and other stakeholders to provide insights on portfolio performance and investment strategies.

Risk Management: (20% time)

  • Monitor and report on potential risks associated with investment transactions and financial reconciliations.
  • Implement controls and procedures to mitigate operational and financial risks.

Loan Documentation Verification and Processing (20% time)

  • Perform verification of loan documents (Contracts, Bank details, Investment Committee minutes, insurance fees) before disbursements
  • Maintain appropriate files of loan documents.
  • Process client's loans disbursements and funds to the investment team timely and ensure they are properly supported
  • Perform all other related duties as assigned to meet the deadlines.

Minimum Qualifications

The Investment Reconciliation Officer will be a trusted partner of Inkomoko clients, and basic qualifications Include:

  • A university degree in Finance, Business Administration, or another related field
  • Must speak fluent English and knowledge of other local languages is a plus
  • Knowledge of MFIs or banking operations, credit risk management, fraud management, and Debt Management
  • Proven experience (5+ years) in investment operations, financial reconciliation, or related roles within the financial services industry.
  • Excellent analytical skills with a keen eye for detail and accuracy.
  • Ability to work efficiently under pressure, prioritize tasks, and meet tight deadlines.
  • Strong communication and interpersonal skills, with the ability to collaborate effectively across teams.
  • Knowledge of regulatory requirements and compliance standards relevant to investment operations.
  • Demonstrated problem-solving abilities and a proactive approach to process improvement.

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 on your community
  • Generous health insurance, staff savings, parental leave, sabbatical, and more benefits.


How to apply

If you’re excited about this role, please submit your application through the application portal.

Tell us about what you’ll bring to this growing company.

Inkomoko is committed to justice, diversity, equity and inclusion. As we seek to reflect the communities we serve, refugees and women are strongly encouraged to apply. As a company, we have policies that ensure fair treatment in the application process.

NB: Only shortlisted candidates will be contacted. Employment is conditional upon successful background checks and other verification as needed.