Job Title: Asset Management Specialist
Organization: VisionFund Uganda
Duty Station: Kampala, Uganda
About the Company:
VisionFund International (VFI) is the world’s largest Christian microfinance network. For more than a decade we have been improving the lives of children across the developing world, as we provide small loans and other financial services to families struggling in poverty. As the microfinance subsidiary of World Vision, the world’s largest Christian relief, development and advocacy organisation, we work in 28 countries through our network of affiliated microfinance institutions (MFIs) located across the globe in Africa, Asia, Latin America and Eastern Europe. We have an outstanding loan portfolio of nearly US$429 million, serve over 1million active borrowers and impact the lives of over 3.4 million children each year. Sharing the same vision as World Vision, VFI aims to provide ‘life in all its fullness’ to children as their parents receive small loans, improve their businesses and increase in ability to care for their children as family incomes multiply.
Job Summary: In order to efficiently align all VFI financial resources behind strategy and impact, an asset management position within the Finance Department (under the Global Asset Management area) has been established to support the coordination of VFI’s asset and liabilities and also support the monitoring of the MFI network’s liquidity and solvency. This role will compile information to help ensure VFI is compliant with its liquidity and solvency policies and with third party lenders. The Asset Management Specialist reports to the Global Asset Management Director but works very closely with the Investment Manager, Capital Markets, Risk and the Finance and Transformation Operation team. This role will coordinate and interact with these individual/teams on a daily basis and will support on carrying out the CFO’s priorities for the Finance department.
Key Duties and Responsibilities:
Capital Markets
Borrowing Portfolio
- Review and analyze financial covenant agreements to ensure clarity and alignment with existing covenants, including forecasting covenant computations.
- Calculate and monitor lender covenants, identify potential breaches, and coordinate with the reporting team for data verification.
- Coordinate internally across teams to ensure alignment and accuracy.
- Manage and review the data room to ensure all relevant documents are up to date and accessible.
- Prepare and update Briefing Memos as needed for internal stakeholders.
- Handle annual impact reporting requests from lenders, ensuring timely and accurate submissions.
- Participate in calls and discussions regarding lender reports, addressing any questions or clarifications before finalizing and signing.
- Support the distribution of VFI reports to lenders including quarterly reports and annual audited financial statements
- Prepare information required for calls with lenders in relation to VFI or MFI updates or issues
Lender pipeline development and deal closure
- Performing KYC checks of new lenders, coordinating with WV legal to finalise Non-Disclosure Agreement template.
- Support the Due Diligence process of new lender(such as collecting information from internal teams, seeking responses to lender queries, arranging management calls, joining calls and preparing presentations)
- Support contract negotiation, preparing promissory notes.
- Review loan agreements to ensure all necessary conditions precedent are met and prepare the relevant documentation.
- Update and maintain the third-party debt master file, including debt maturity/refinancing schedules and funding pipelines
- Prepare and analyze current and projected lender concentration charts.
Liquidity and Solvency Monitoring
- Updating cash flow for the Global Centre on a monthly basis and providing updates to the Global Asset Management team – this is done by working close with Investment Manager, Capital Markets team, Accounting and Reporting teams to receive information from them on time each month.
- Along with the Regional Finance team, review liquidity and solvency throughout the MFI network and provide updates to the Global Asset Management team.
Asset and Liability
- Responsible for producing Asset and Liability Committee (ALCO) related reporting and assist on analyzing the data such as: Assisting with the analysis of loan performance (aging, maturity matching, interest rate risk, etc.) on a quarterly basis.
- Compile ALCO materials from different groups and draft agenda by a specific deadline.
- Act as Secretary for ALCO – responsible for taking minutes and forwarding them to relevant parties.
VFI MFI Network Portfolio
- Assist the Investment Manager to create portfolio report on a monthly basis.
- Assist the Investment Manager to provide analysis on portfolio.
VFI Investments
- Work closely with Investment Manager on VFI approved investments and contact MFIs on their intention on renewing investments.
- Provide interest rate suggestion to the Global Asset Management Director based on the pricing methodology provided by the Director.
- Following established guidance, produce term sheets for VFI investments and send to Finance Operations & Transformation team.
- Work closely with the Finance Operations & Transformation team on investments that were approved.
Qualifications, Skills and Experience:
- Bachelor’s degree, preferably in Finance, Accounting, Business, Economics or related quantitative discipline
- 5+ years direct financial analysis experience, ideally in banking or related investing or lending practices.
- Demonstrated intercultural communication and influencing skills.
- Comfortable with analysing financial statements; accounting experience
- Strong MS Excel, PowerPoint and Word skills required, with competency in intermediate to advanced functions.
- Advanced knowledge of financial markets.
- Fluency in written and spoken English.
Preferred Knowledge and Qualifications
- International / Multinational experience preferred, in particular in emerging markets.
- Master’s Degree (MBA, MS Accounting, etc) and/or professional certification (CPA/CFA).
- Highly organized, with the initiative and ability to work with limited supervision.
- Ability to work in a fast-paced environment on multiple projects under tight deadlines.
- Ability to work effectively within a small team setting.
- Strong self-starter / initiative.
- Organized, detail oriented and extremely thorough while having the confidence and communication skills to ensure work processes are completed accurately and appropriately.
- Strong problem-solving skills and demonstrated ability to take initiative and critically analyze processes and procedures in a push toward constant improvement.
Work Environment/Travel
- Mostly remote working – have the ability to work from home with internet access and a place to conduct meetings remotely.
- National/international travel anticipated up to 10% of the time and flexibility to communicate with colleagues in different time zones (email/skype/phone).
Applicant Types Accepted: Local Applicants Only
How to Apply:
All candidates should apply online at the link below.
Deadline: 9th May 2025
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