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Description
MicroCredit Enterprises is committed to reducing poverty by mobilizing private investment capital to finance micro-businesses of poor families throughout the developing world. MicroCredit Enterprises gears its entrepreneurial results to produce jobs, sustain micro-businesses and improve human lives.
Position Overview:
MicroCredit Enterprises is seeking a Portfolio Associate who will engage in all aspects of MicroCredit Enterprises' lending activities. This will include sourcing new deals with MFIs, due diligence, and monitoring active investments. A critical component of the job will be direct engagement with MFIs. The Portfolio Associate will be based in the San Francisco Bay Area and will report to the Sr. VP, Portfolio Management.
Responsibilities:
- Monitor financial and operational performance of MFIs with outstanding loans, including performing covenant checks;
- Support management in all aspects of the investment process, including:
- Country risk analysis;
- Financial analysis and modeling for an MFI;
- Operational analysis for an MFI;
- Creating investment memos;
- Structuring transactions;
- Presentations to the loan committee.
- Actively develop relationships and new investment opportunities with MFIs;
- Respond to loan inquiries and applications and gather due diligence documentation;
- Assume responsibility for preparing and processing loan documentation;
- Monitor interest and principal payments;
- Prepare periodic reports for the Board and information for marketing materials as needed;
- Participate in special projects as necessary.
Qualifications:
- Bachelors degree;
- Minimum of one to four years of relevant professional experience preferably in finance, banking, or accounting;
- Ability to analyze financial statements;
- Knowledge of general accounting principles;
- Excellent analytical and research skills;
- Thorough knowledge of Excel and ability to create financial models and ratio analysis;
- Strong interpersonal skills, including the ability to represent MicroCredit Enterprises in cross-border relationships;
- General knowledge of microfinance best practices;
- Self-motivated, ability to work with minimal supervision from home office;
- Strong organizational skills; able to manage multiple projects simultaneously with little oversight;
- Excellent ability to write concise summaries of key due diligence analysis;
- Fluency in Spanish or French.
To Apply:
Interested candidates can send their applications to Lisa Frank by email.