PORTFOLIO MANAGER

Position: Full-time

Reports to: Head of Risk

Location: Nairobi

Start date: ASAP

Responsibilities:

The Portfolio Manager will be responsible for overseeing loan portfolios for SunFunder-managed funds and ensure that SunFunder has adequate risk oversight and controls over active loans. Through timely and effective monitoring and reporting, he/she will flag potential problem loans and ensure that events of default are effectively actioned to reduce the rate of non-performing loans.  He/she will also support the Head of Risk on advising investment deal teams on transactions.

  • Provide feedback on SunFunder’s current monitoring procedures and implement improvements. Ensure that all the necessary controls and systems are in place to address the risks encountered in the post-credit granting stage of the credit process.

  • Review Investment Memos for small and medium transactions for quality control and clearance to proceed to the Credit Committee. This includes advising the investment team on cash flow modeling.

  • Review and approve disbursement requests for compliance with applicable loan requirements (covenants are met, collateral in legal order).

  • Own collection and analysis of loan portfolio data and preparation of reports, play a lead role on portfolio client communication.

  • Monitor loan covenant compliance, and ensure timely evaluation of borrower financials, operating performance, collateral coverage and repayment ability. Manage 1-2 portfolio analysts to produce these results.

  • Perform collateral valuation and tracking.

  • Monitor and resolve any loan collection issues and coordinate with investment team to undertake increased scrutiny and monitoring of high risk loans. Ensure that accounts identified as problematic are reclassified to reflect their current irregular status.

  • Manage delinquencies and borrower workouts through effective turnaround plans, working with the Investment team to coordinate remedial action and escalate to the legal team when required.

  • Perform periodic inspections to ensure adherence and compliance to all processes, policies and procedure.

  • Ensure that at all times, loan information is accurately represented in the loan management system and correct these where discrepancies are identified.

Qualifications / What We’re Looking For:

  • 5+ years of direct lending or portfolio management experience for a development finance institution, commercial bank or other specialized financial institution, including good understanding of fundamental credit metrics and potential warning signs.

  • Strong financial analysis and cash flow modeling skills, with attention to detail.

  • Ideally strong understanding of residential and commercial solar energy business models, and project/asset finance structures

  • Experience or a proven ability to understand commercial aspects of a transaction and to offer a balanced solution

  • CFA or similar certification

  • Ideally- strong understanding of residential and commercial solar energy business models, and project/asset finance structures

  • Has lived and worked in emerging economies, particularly East or West Africa

  • Proven track record of making things happen in an entrepreneurial environment, willing to challenge the way we’re doing things, “get your hands dirty” and perform unglamorous roles from time to time, and ability to thrive in a rapidly changing environment

  • SunFunder is a distributed team. As such, it is most important that you are someone who over communicates, is highly organized and results-oriented, is self-motivated and self-disciplined, exhibits high emotional intelligence (great listening) and is willing and able to learn new tech tools/ systems. Other qualities that are important to us include: a positive attitude, intellectual curiosity, possesses a low-ego and a good sense of humor

Compensation

We offer a competitive compensation package including equity, generous benefits, a unique work culture for an ambitious startup that strongly encourages a healthy life-work balance, and an opportunity to work with a fun, passionate and talented international team.

Application

Please email your resume to: jobs@sunfunder.com. In the email, please tell us why you are the right person for this job (bonus points for brevity). Email title: “Portfolio Manager”

Deadline: July 31, 2018

 

HEAD OF RISK

Position: Full-time

Reports to: CEO

Location: Nairobi

Start date: October 1st, 2018

Responsibilities:

The Head of Risk will advise management and the investment team on deal structuring, credit analysis and underwriting, spearhead SunFunder’s fund compliance and portfolio management disciplines, and lead SunFunder’s Credit Committee.  They will play a key role in ensuring SunFunder achieves its asset growth targets whilst maintaining a high quality loan book through judicious and effective management thereof.

  • Provide guidance to management on setting strategies and achievement of asset (lending) growth and profitability targets and fund-level risk mitigation strategies

  • Work closely with investment officers and analysts to provide guidance on credit positions during loan due diligence, structuring and negotiation process.  Review Finance Memos for large transactions for quality control and clearance to proceed to the Credit Committee

  • Recommend decisions pertaining to potential new and existing facilities and customer relationships, including credit approvals, restructuring, loan classification, provisions, and write-offs. ·

  • Lead Credit Committee meetings and monthly watchlist committee meetings and provide meaningful input into risk appetite, portfolio management and collections strategies as well as detecting and evaluating shifts or changes in key risk parameters and the effects of such changes on portfolios and relationships.

  • Own SunFunder’s Risk Appetite Statement and Credit Policies and ensure that the team is in compliance with these.

  • Deliver on portfolio quality KPIs in a transparent and effective way to ensure Management can plan for potential losses.

  • Ensure that all internal and external reporting on portfolio quality is completed accurately, on time and with appropriate insights. Engage with SunFunder’s top debt investors on fund compliance, credit risk policies and portfolio-level issues.

  • Provide periodic reviews and trainings for the investment team on credit risk management. Regularly review process effectiveness and efficiency, and provide feedback to in-country management on a regular basis.

  • Manage a Portfolio Manager and Portfolio Analyst to ensure that fund portfolios meet diversification and low default criteria, that regular and high quality customer monitoring takes place and that non performing loans are quickly actioned to avoid losses.

Qualifications / What We’re Looking For:

  • 10+ years of experience in a similar position managing credit risk for a lending institution in Africa, and eager to apply his/ her leadership and skills to scaling solar energy on the continent

  • 5+ years experience managing a multi-cultural team and a passion for training young talent

  • Ideally strong understanding of residential and commercial solar energy business models, and project/asset finance structures

  • Experience or a proven ability to understand commercial aspects of a transaction and to offer a balanced solution

  • CFA or similar certification

  • Strong experience with financial statement analysis and cash flow modeling

  • Proven track record of making things happen in an entrepreneurial environment, willing to challenge the way we’re doing things, “get your hands dirty” and perform unglamorous roles from time to time, and ability to thrive in a rapidly changing environment

  • SunFunder is a distributed team. As such, it is most important that you are someone who over communicates, is highly organized and results-oriented, is self-motivated and self-disciplined, exhibits high emotional intelligence (great listening) and is willing and able to learn new tech tools/ systems. Other qualities that are important to us include: a positive attitude, intellectual curiosity, possesses a low-ego and a good sense of humor

Compensation

We offer a competitive compensation package including equity, generous benefits, a unique work culture for an ambitious growing business that strongly encourages a healthy life-work balance, and an opportunity to work with a fun, passionate and talented international team.

Application

Please email your resume to: jobs@sunfunder.com. In the email, please tell us why you are the right person for this job (bonus points for brevity). Email title: “Head of Risk”.

Deadline

July 31, 2018