Our client provides finance and business development assistance to small and medium enterprises. The client has African regional presence, and this particular position will be based in Nairobi, Kenya.
PORTFOLIO MANAGER
Position Overview:
Reporting to the Senior Portfolio Manager, the ideal candidate will ensure that the provisions of the financial structure plan are implemented, to manage any variances against the plan and to ensure that portfolio risk and collateral are appropriately managed.
Key Internal and External Customers:
Internal: Trusted advisory relationship with General Manager and the Senior Portfolio Manager. Liaise closely with Risk and the Administration Manager
External: Build close relationships with the Entrepreneurs; work closely with the Auditors/Accountants
Responsibilities:
Provide business support
* Monitor disbursements to ensure that it stays within the parameters of the approved deal structure and financial plan.
* Plan client visit schedule with Senior Portfolio Manager
* Collect and analyze clients’ monthly management accounts
* Identify any negative trends and deviations from the client’s financial plan.
* Discuss deviation report with client during regular meetings.
* Notify Senior Portfolio Manager of interventions needed to restore a client’s business health.
* Prepare and present monthly deviation and Early Warning Sign reports to Senior Portfolio Manager and Risk
* Monitor deviations and Early Warning Signs for signs of deterioration, and inform Risk and the Senior Portfolio Manager accordingly
Maintain collateral integrity:
* Confirm client visit schedule with Admin Manager as per the collateral register
* Visit client and confirm the physical presence and condition of collateral.
* Upon disbursement, verify that item(s) delivered is what was approved and inform Admin Manager to register and insure assets.
* Verify working capital has been approved as per approved disbursement and provide the Administration Manager with receipts.
* Inform Risk of any deviations in approved fund utilization.
* Arrange independent valuations, where required
* Report status, condition and value of collateral to Admin Manager
* Discuss irregularities or collateral devaluations with client and Senior Portfolio Manager
* Request alternative collateral, where applicable, and arrange for valuations.
* Prepare Change in Collateral report
* Address FC/Board issues
* Arrange for client to sign Addendum to Loan Agreement
* Arrange with Admin Manager to implement the new collateral.
Manage quality of portfolio through effective credit control:
* Notify client if monthly installment has not been met
* Determine reasons for inability to pay if client cannot meet payment
* Discuss situation with Senior Portfolio Manager and decide a plan of action and prepare the appropriate report and submit to the portfolio manager.
* Formalize repayment arrangements in line with actual cash flows submit to Senior Portfolio Manager for review
* Address any issues raised by Risk, FC or the Board
* Arrange for the client to sign the necessary documents
* Monitor the arrears situation and repayment plan.
Customer Service:
* Ensure high levels of customer interaction and service
* Ensure regular and appropriate client contact
* Manage and resolve client complaints/dissatisfaction
Minimum Qualifications:
* Relevant qualifications in Finance, Accounting and/or Business Management
* Minimum certificate in Management Accounting or Credit Control
Minimum Experience:
* Preferably having run an own business or managed a small business for one year or more
* Preferably 5 years in a credit analysis, business development and SME consultancy
Technical Competencies Required:
* Financial statement analysis
* Report writing skills
* Proficient in MS Office Suite (Word, Excel, Power Point and Outlook)
* Excellent English verbal and writing skills, must have good grammar
To Apply:
If you meet the above criteria, and would like to be a part of the team, please send an application using the format below with a detailed C.V, list of at least 3 referees, day-time telephone numbers and email address to :- jobs@truenorthcareermap.com on or before Wednesday, 15th September, 2010. Only short listed candidates will be acknowledged
Application Letter Template (Maximum 2 pages):
Relevant Educational Qualifications
Relevant Professional Qualifications
Duration of work experience in Credit Analysis, Business Development or SME Consulting
Summary or relevant experience in:
Providing business support
Maintaining collateral integrity
Managing portfolio quality
Customer Service
Current Remuneration Package:
Expected Remuneration Package:
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