Investment Officer at EFTA March 2024, Equity for Tanzania (EFTA) is an award-winning equipment finance company dedicated to helping small entrepreneurs and farmers to grow. EFTA was originally set up in 2003 by Equity for Africa Limited, to manage their social investments in Tanzania in partnership with local management consulting company Bumaco Limited.
The purpose was to create sustainable employment by enabling small businesses to access finance. EFTA financed its first lease in 2004, and over the following five years we invested a total of $465,000 across 75 investments in small businesses from our first branch in Moshi.
Investment Officer
Branch: Mbeya
Department: Operations Position: Investment Officer -IO Deadline: 28th March 2024.
Company Details:
EFTA is a reputable award-winning equipment finance company based in Tanzania with numerous branches across the country, dedicated to helping SMEs and tamers grow.
Purpose of role:
The Investment Officer will be directly responsible for handling EFTA customers, including attracting new customers, appraising applications for loans, and monitoring customers who have received loans.
Job Description
Day to day responsibilities:
Pre-application:
- Identify potential customers in target markets and explain the EFTA product to them.
- Support the Branch Manager to deliver pre-application seminars to potential applicants.
- Provide on-going advice to people preparing applications.
Application processing:
- Conduct full appraisals of applications, including business viability and the applicant’s reliability. This will include customer site visits, discussions with current or potential customers and suppliers, personal reference checks, working capital checks, and basic financial analysis.
- Conduct ESG (environmental, social and governance) assessment of applicants.
- Make recommendations to the Branch Manager of which investments should be progressed.
- For investments agreed with the Branch Manager, prepare investment proposals for the local Credit Committee, using a standard format.
- Participate in vetting process for equipment suppliers, e.g. performing site visits.
EQUITY FOR TANZANIA LIMITED (EFTA)
Post-application:
Take lead responsibility for a portfolio of EFTA customers, monitoring these investments on an on-going basis including reminder phone-calls and regular visits to the customers’ business sites.
Make recommendations to the Branch Manager regarding loan restructuring and/or write off decisions for these customers.
Identify any ESG issues within your portfolio and ensure customers are aware of labour laws.
Coordinate with training team to identify customers’ skills training needs and ensure proper follow-up for any training received. This could also include helping to coordinate customer networking events.
Maintain detailed records on EFTA’s software system.
Candidate Specification Experience:
- Candidates fresh from school are highly encouraged to apply.
- Valid driving License
Education Level:
- Must have a bachelor’s degree from a reputable university.
- Skills required: Ms Office, Communication, Analytic, Sales and Marketing, and Problem solving.
- Knowledge of: Mathematics, Business Appraisal and SME Financing.
How to apply:
Use the email attached here to send you application:Â tefta@efta.co.tz