Investment Officer at Development Bank of Rwanda (BRD) :Deadline: 31-10-2022

Background Information

Job Title:  Investment Officer

Job grade: JG6

Department: BUSINESS DEVELOPMENT

Report to: Administratively to the EAQIP Clean Cooking Project Coordinator and Functionally to the Energy Portfolio Manager

Indirect Reports: N/A

Contract Terms – Open Ended

Purpose of the Job

BRD is recruiting the investment Officer for the REF and CC RBF project. The Investment officer will identify new financing opportunities for the BRD-REF project across all REF windows (W1,2,3,4 &5) and the CC RBF project, appraise bankable project falling under the various windows and recommend them for financing following a thorough due diligence. The investment officer will ensure that all due diligence/appraisal conducted is in line with REF operations manuals (OM) and BRD`s investment policy as well as guidance provided by BRD management, the REF steering committee and World bank. The investment officer will also carry out the Ref and CC RBF subsidy claims verification and disbursement as part of the REF Window 5 and clean cooking RBF implementation.

Main Responsibilities of the Job

• Identification of new opportunities.
• Build and maintain relationship with new and existing clients.
• Coordinate the qualification and compliance to eligibility criteria by PFIs, off-grid solar companies and mini grid developers.
• Evaluate the project proposal from borrowers and review appraisal proposals from the analysts.
• Appraise OSC and clean cooking companies’ application to participate in the RBF projects
• Ensuring that PFIs have dedicated investment officers focused on that portfolio, with adequate procedures that meet the OM requirements.
• Provide technical information to PFIs related to their REF related portfolios and provide advice and guidance to PFIs on details on using and managing REF tranches.
• Present the appraisal reports to the relevant organs of the Bank.
• Prepare notification loans to the approved projects and rejection letters for rejected projects.
• Prepare periodic reports related to projects appraisal.
• Provide advice and guidance to the clients on their business proposals for REF and CC RBF.
• Prepare reports on projects performance and target objectives.
• For new tranches, review the utilization of funds by a PFI to confirm that the OM requirements were followed.
• In case of refinancing, review the portfolio to be refinanced ensuring that the eligibility criteria in OM have been met and specify the refinancing amount and terms and conditions.
• Prepare periodic reports on respective REF and CC RBF utilization.
• Verify subsidy claims for REF RBF and CC RBF clients submitted by EDCL.
• Disburse Ref RBF and CC RBF claims approved.
• Carry out any other duty assigned by the line managers.

Performance indicators

• Appraisal reports for REF/CC RBF applicants and loan/subsidy documentation as per the REF OM (operations manuals) and Clean Cooking OM.
• Weekly reporting to functional manager;
• Bi-weekly (every other week) briefing notes outlining key issues for Energy Portfolio Manager and REF Project Coordinator`s attention regarding projects/companies under identification and those under appraisal.
• Quarterly progress reports describing major activities undertaken and tasks accomplished during the reporting period and challenges hindering implementation process.
• End of year performance report.
• Any other report requested by the line managers.

Working relationships 

• All departments
• Customers

Professional, academic qualifications and experience

• A Bachelor’s degree in finance, management, accounting, economics, or related discipline.
• Minimum of 4 years of work experience in project finance or investment.
• Experience working on projects related with lending to off-grid solar and mini-grids will be an added advantage.
• Experience of working on projects funded by World Bank or other development partners will be an added advantage.
• Strong financial, credit, structuring, and monitoring skills.
• A thorough understanding of the entire lending process.
• Business development and client relationship skills.
• Exceptional communication, writing, analytical and reporting skills.
• Good organizational skills including attention to detail and multi-tasking skills.
• Strong working knowledge of Microsoft Office (Excel, Power point, Word, etc)
• Proficiency in written and spoken English. Understanding of Kinyarwanda is an advantage.

Core competencies

• Experience with due diligence and analysis of investment opportunities
• Experience building and/or managing investment 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.