AFIRR – Investment Officer
Jobs at:The Development Bank of Rwanda
Deadline of this Job:
27 August 2021
Date Posted: Friday, August 13, 2021 , Base Salary: Not Disclosed
Job Title: AFIRR – Investment Officer
Duo Reports to:
• Functionally to the Investment Manager –
• Manufacturing & Exports Portfolio
• AFIRR – Project Coordinator
The Development Bank of Rwanda is Rwanda’s only National Development Bank mandated to support Rwanda’s development goals. Over the last years, the bank has undergone substantial re-organization aimed at positioning it as an “innovative and sustainable provider of development finance for socio-economic impact”.
To achieve this vision, the bank’s new strategic plan (2018-2024) has outlined 3 key strategic themes.
Operational Excellence: Continuous improvement of our credit and risk management system, financial performance and customer services.
Strategic Partnerships: Forming strategic partnerships to deliver our mandate is a key component of our core activities.
Dynamic Culture: Continuously improving our pool of knowledge to have the most competent and skilled employees.
To help accomplish this ambitious and exciting vision, the Development Bank of Rwanda (BRD) would like to recruit suitable qualified candidates to fill the following positions:
BRD is committed to respecting gender equality and disability norms. We promote gender responsive practices. Qualified candidates particularly females and persons living with disabilities are encouraged to apply.
Purpose of the Job
The purpose of the job is to originate viable projects in line with the project development objectives and eligibility criteria, appraise them and present them to relevant committees for review, examination, and approval for financing.
Main Responsibilities of the Job
• Pipeline creation through Identification of new projects in line with project objectives and targeted eligible beneficiaries including participating financial institutions (PFIs) through visit, government agencies and other selling avenues to increase absorption of the project funds.
• Provide advice and guidance to potential clients/PFIs on their business proposals to mitigate financing risks and increase the bankability thereof.
• Collect the required project data and information through approaching the client/PFIs and other relevant stakeholders to enable the analysis of projects submitted to the bank timely.
• Issue indicative term sheet to the promoters for their signature detailing indicative terms and conditions of the facility and proceed with appraisal.
• Appraise project proposals from borrowers and prepare the appraisal reports to the relevant Bank organs for their review and approval.
• Ensure project underwriting of the respective projects is conducted in accordance with the project implementation manual and the World Bank fiduciary and safeguards policies and regulations.
• Prepare notification letters for borrowers whose loan requests have been approved detailing all the necessary conditions precedent to signing facility agreement and disbursement.
• Collect data on financed projects to facilitate the social economic impact assessment to be reported to stakeholders (post approval).
• To identify and initiate proposals for new facilities or facility modifications in order to grow a healthy portfolio.
• To undertake the pre-appraisal analysis for credit proposals and carry out onsite visits of projects at pre-appraisal stage to assess the project viability.
• To organize deal forum meetings with credit risk and legal departments to discuss credit proposals and seek their technical inputs.
• To collect the required project data and information to enable the detailed appraisal and to advice, guide potential clients on their business proposals to mitigate risks.
• To undertake detailed appraisal for approved proposals and present them to the banks’ approval authority.
• To collect M&E data while assessing projects that will facilitate the social economic impact assessment to be reported to stakeholders (during appraisal).
• To liaise with credit documentation and legal department for loan documentation (term sheet, notification, facility agreement, etc.) drafting and distribute it to the promoters for their signature.
• To ensure at all time adherence to the Bank’s turnaround time standards for processing credit applications, to all the Bank Policies and Procedures the Credit Policy, the internal code of conducts, the latest market best practices and all banking laws and regulations applicable.
• To handle client inquiries throughout the loans’ appraisal and approval process (from initiation to the first disbursement).
• To resolve client queries and complaints to maintain quality service delivery standards.
• To carry on any other assignment delegated by the line managers or the Management of the Bank.
• Active pipeline of projects to benefit from the project
• Disbursements made to eligible project beneficiaries
• Number of firms supported by the project
• Volume of financial support provided to firms
• Women inclusive firms receiving financial support through the project
• Non-performing loan (NPL) ratio of project portfolio
• Social Economic Impact created i.e. jobs created, import substitution, tax generated, reduced carbon footprint etc.
• Private capital mobilized by the project
• All departments
• All BRD stakeholders
Professional, academic qualifications and experience
• Bachelor’s Degree in finance, Business Administration, or related field
• A minimum of 3 (three) years in similar position in a financial institution
• Experience with due diligence, analysis and structuring of investment/lending opportunities.
• Experience building and/or managing loan portfolio monitoring systems.
• Familiarity with legal documentation common to debt and equity transactions.
• Demonstrated flexibility and success in rapidly changing environments.
• Demonstrated ability to design, launch and scale new projects and initiatives Financial and management reporting skills.
• Interpersonal skills.
• Analytical skills, attention to detail, ability to work with deadlines and schedules and strong follow through capacity.
• Negotiation skills and good communication skills (written and oral) in English and Kinyarwanda. Good knowledge of French will be an added advantage.
Work Hours: 8
Experience in Months: 36
Level of Education: Bachelor Degree
Job application procedure
Interested candidates should apply online (https://www.brd.rw/careers/ ) and upload application documents including Curriculum Vitae, copies of degree certificates and professional certificates, motivation letter, names of three previous supervisors (as one document) as well as their emails and telephone.
Only online applications shall be considered.
Email only for inquiries (not application): firstname.lastname@example.org
Address all applications to the Head, Human Capital and Corporate Services of the Development Bank of Rwanda.
Deadline for application: Friday 27th August 2021
The employment package is highly competitive/attractive.
Only Candidates with the right qualifications and relevant experience shall be shortlisted and contacted for interviews.
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