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Background
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Match Maker Group consist of Match Maker Associates
(MMA) Limited and Match Maker Fund Management (MMFM) Limited. MMFM is a new
fund management company specializing in managing social investment funds in
developing countries and is awarded the contract to manage SME Impact Fund
(SIF).
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SIF has a business approach towards generating
sustainable impact on East Africa’s rural households. The Fund invests in
high impact SMEs in the agribusiness sector (exclusively) to enable them to
grow and create jobs in their whole value chain.
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The goal of SME Impact Fund is to generate a
sustainable positive impact on rural households while offering a fair return
to the investors.
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MMFM’s team has a long track record in agribusiness
and SME investments. The company has five partners (two Tanzanian and three
of Dutch nationality who have a huge local network and understanding of the
agribusiness and financial sectors.
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Currently, the set-up consist of the Chief Executive
Officer (CEO), an Investment Officer, a (part-time) Finance &
Administration Officer and two Managing Partners who allocate a substantial
part of their time on SIF. In the
coming months one additional investment officer will be added.
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Job Responsibilities
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The Loan Administration Officer will be employed by
MMFM and ensures adequate execution of Investment Committee decisions, keeps
adequate records of SIF loan administration, prepares reporting on the Fund’s
loan portfolio and stores and safeguards loan and client documentation.
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The position includes the following key activities:
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- Verifying the
adherence to the Fund’s Procedures of the Investment recommendations and
decisions
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- Preparation of
contracts and other documents required for loan disbursements.
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- Verifying
legality correctness of securities and completeness of the Investment
file.
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- Ensuring proper
registration of securities with the authorities.
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- Execution of the
loan disbursements to the borrowers.
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- Keeping records
of the outstanding loan amounts (loan-book administration).
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- Calculation and
initial set up and continuous management of fees, interest and principal
repayments.
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- Producing
standardized notices to borrowers/clients.
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- Recording
receipt of income streams from borrowers.
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- Operational
reporting, monitoring of financial performance and stakeholders reporting.
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- Liquidity
management (assisting in short term cash flow forecast).
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- Maintaining the
Fund’s Client database.
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- Storage and
safeguard of the Loan documentation.
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- Monitoring and
processing transaction documentation compliance (on fees, costs etc.);
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- Assisting in
process improvement projects and implementation of simplified processes, systems
and procedures (given the early stage of MMFM’s development).
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- If applicable:
administration of swap contracts, savings and notice accounts and treasury
bills.
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- Provide support
to management and investment officers as required.
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Competencies
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MMFM Loan Administration Officer must have superior
numeral and analytical competencies, problem solving skills as well as
excellent oral and written communication skills (both in Kiswahili and
English). Moreover s/he has to be well-organized and efficient in order to
handle a variety of assignments within tight time constraints and manage
volumes and workload.
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The Loan Administration Officer must be flexible, a
listener, adaptable to changes, self-confident, accurate and thorough
individual because s/he will be providing financial data and reports to MMFM Board of Directors and
management.
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The Loan Administration Officer must possess great
mathematical and financial skills, an ability to work independently and under
pressure as well as be computer savvy. Knowledge and proficiency in loan
finance and administration and legal processes related to loans is a
must. Knowledge and proficiency in
technology used for processing and maintaining loans, accounting software,
word processing, spreadsheet and e-mail software.
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MMFM Loan Administration Officer should have at
minimum bachelor’s degree in banking, accounting and/or finance and 3 years
relevant experience gained in operations and loan administration in
commercial banks or funds. Tertiary graduate qualification are added
advantages.
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This position is expected to be filled from
01/04/14, offering a dynamic and entrepreneurial environment. Excellent
remuneration including benefits such as a retirement plan and (partly paid)
heath care, housing and transportation.
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Line of Command
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MMA and MMFM are both small companies with an
organisational structure that is rather flat (see picture below). Hence, the
Loan Administration Officer will report directly to the CEO of MMFM Ltd.
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For support in the performance of the tasks the
whole management can be consulted as well as the other staff both in MMA and
MMFM.
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Organisation structure
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