Job Description

Organization Summary:

One Earth Future is an international NGO whose mission is to provide growth capital and support services to small- and medium-sized enterprises in fragile and conflict-affected settings. We currently manage the Nordic Horn of Africa Opportunities Fund, a $28 million Sharia-compliant debt fund in Somalia, and are preparing to expand into other countries in East Africa. OEF believes that, with the right support, small and medium-sized enterprises can be a driving force for peace and prosperity in their countries.

Primary Role:

The Senior Analyst shall support the development, implementation, and ongoing support of Shuraako’s business and financial development. The Senior Analyst will conduct desk due diligence on loan applications, support Field Managers with assembling loan packages, and assist with presenting them to the Investment Committee (IC).

The Senior Analyst will do site visits to client and vendor businesses as needed. He/she will oversee the tracking of business proposals, loan applications, programmatic reports, and loan repayments. The Senior Analyst will work closely with Senior Field Managers (“FM”) and Senior Program Specialist to ensure adherence to Shuraako policies and procedures. He/she will also perform collection of loan application documentation, due diligence procedures, application issues, servicing of approved loans, etc.

Job Type: Hourly, Full-Time.  Typically, the Senior Analyst will work 45 hours per week.

Compensation: The hourly rate for this position is $19.00 - $24.00 per hour. 

Location: Mogadishu, Somalia.

Reports to: VP, Horn of Africa.

The primary responsibilities of the Senior Analyst include but are not limited to:

1. Credit Risk Assessment:
   • Conduct a comprehensive evaluation of the creditworthiness of SME clients seeking Murabaha financing.
   • Perform a detailed analysis of financial statements, cash flow projections, and other pertinent information to determine the applicant's capacity to repay the financing accurately. This evaluation process should utilize the 5Cs of lending: Character (the borrower’s reputation and track record), Capacity (the ability to meet repayment obligations), Conditions (economic and industry circumstances affecting the borrower), Capital (the borrower’s financial reserves), and Collateral (assets offered against the financing).
2. Shariah Compliance Review:
   • Rigorously ensure that all proposed financing structures, agreements, and terms are in strict adherence to Shariah principles to avoid any elements of legal and Shariah disputes.
3. Loan Structuring and Proposal Preparation:
   • Assist in meticulously structuring financing facilities that align with Shariah finance principles, ensuring that they optimize client needs and institutional risk management goals.
   • Prepare in-depth credit proposals that detail the assessment findings, key financial metrics, risk factors, and relevant recommendations for approval consideration by senior management or Investment committees.
4. Risk Mitigation:
   • Identify potential risks associated with financing applications—including, but not limited to, credit risk, market fluctuations, and operational vulnerabilities—and assess their potential impact on the organization.
   • Recommend strategic mitigating actions to effectively reduce exposure to these risks, which may involve securing additional collateral or establishing guarantees from reliable third parties.
5. Portfolio Monitoring:
   • Continuously monitor existing investment portfolios by tracking adherence to repayment schedules, identifying overdue accounts, and detecting early signs of financial distress among clients.
   • Propose and implement corrective measures or restructuring options for clients encountering payment difficulties to foster recovery and maintain portfolio health.
6. Regulatory and Compliance Reporting:
   • Ensure that all investment activities are compliant with applicable banking/financing regulations as well as internal policies and Shariah requirements to uphold the organization's integrity and minimize legal risks.
   • Prepare and present regular reports on portfolio performance metrics, risk exposures, compliance status, and any noteworthy trends for internal review.
7. Loan Monitoring and Payment Tracking:
   • Oversee the tracking of client loan repayments to ensure that payments are made promptly according to the agreed-upon terms while adhering to guidelines and ethical standards.
8. Post-Disbursement Review:
   • Conduct thorough post-disbursement reviews of financing facilities to evaluate compliance with original loan terms, Shariah requirements, and organizational policies.
   • Assess the utilization of disbursed funds and the ongoing financial status of clients to ensure responsible lending practices.
9. Risk Identification and Management:
   • Proactively identify potential risks such as repayment defaults or indicators of financial distress, collaborating with relevant teams to develop and implement effective risk management strategies.
   • Maintain meticulous records of loan disbursements, payments, modifications, and all correspondence, ensuring that data is accurate and accessible for future reference.
10. Collaboration with Cross-functional Teams:
    • Engage in cooperative efforts with Field Managers, Compliance department, and Finance teams to effectively manage loan recovery processes and guarantee seamless operational workflow across departments.

KEY PERFORMANCE INDICATORS (KPIS):

1. Credit Approval Turnaround Time:
   • Measure the average duration required to process and successfully approve credit proposals or financing requests, to optimize efficiency in the lending cycle.
2. Default Rate:
   • Track the percentage of loans or financings that experience default or significant delays in repayment beyond a predetermined threshold, using this metric to gauge lending decisions.
3. Risk Rating Accuracy:
   • Monitor the precision in assessing and assigning credit risk ratings to applicants, with performance evaluated against the actual results of the financed portfolio.
4. Shariah Compliance Adherence:
   • Evaluate the number of financing transactions that achieve full compliance with Shariah principles and regulations, reinforcing the organization's commitment to ethical financing.
5. Portfolio Quality:
   • Calculate the percentage of the overall portfolio that remains non-performing (i.e., accounts with no overdue payments), which serves as an indicator of the lending book's health and quality.
6. Loan Recovery Rate:
   • Assess the effectiveness of recovery actions for overdue or non-performing loans, expressed as a percentage of total recoveries about write-offs.
7. Customer Satisfaction:
   • Gather and analyze feedback from clients regarding their experiences throughout the financing process, including factors such as approval speed, clarity of terms, and quality of communication, aiming to enhance service delivery and client relationships.

Experiences and Qualifications

Required Education, Knowledge, Skills and Competences:

• Completed university degree in Finance, Accounting, Banking or similar field.
• 5+ years of proven professional experience working in finance, banking, or a related field.
• Good ability to communicate with staff, the private sector, and other stakeholders.
• Good written and oral communication skills in English and Somali.
• Proficiency in MS Office / 365 and financial analysis.
• Hands-on-mentality and persistence to carry out projects and tasks.
• Commitment to OEF’s mission and vision (oneearthfuture.org)

Physical Work Demands:

• Able to sit at a computer for extended periods of time.
• Able to bend at the waist and reach daily.
• Able to lift and move up to 25 lbs. regularly.
• Able to travel locally in different regions.

Skills Required

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