DOB Equity is an independent, Dutch family-backed impact investor in East Africa. DOB Equity invests in companies that will positively contribute to a more social and sustainable society and deliver long- term profitability. The firm invests in companies that are impactful, innovative and scalable. The fund is evergreen with all proceeds from investments reinvested into the region, making DOB Equity a true long-term growth partner to portfolio companies. DOB is sector agnostic but has an interest in agribusiness, retail and distribution, logistics and renewable energy. See their website for their portfolio companies [link]. DOB Equity is supported by a team of professionals in The Netherlands, Kenya and Tanzania and works closely with its portfolio companies to create value. The Role The Investment Associate is an energetic and ambitious self-starter with outstanding financial and analytical skills, who is able to identify potential investment opportunities, independently assess their financial and operational performance, and support transaction negotiation. The Investment Associate also has experience in company valuation modeling, and understands deal structuring (including equity and debt). Post-investment, the Investment Associate will support the performance of investee companies (e.g., in building professional financial reporting, providing strategic guidance and crafting comprehensive action plans), working closely as a professional sparring partner with senior management of the company. The Investment Associate will also support the Investment Manager in the exit process. Key Responsibilities Business Development Research developments in relevant countries and sectors Identify investment opportunities Draft preliminary reviews and investment proposals with the investment manager Analyze business plans, from an in depth financial, operational and strategic perspective Deal structuring Perform sensitivity analysis based on financial projections Valuation of companies through financial modeling and peer group analysis Perform due diligence Support the Investment Manager in coordinating the overall investment process Portfolio Management Request and collect financial data for investee companies to prepare quarterly reports Analyze data and inform the Investment Manager on relevant developments Develop strategic plans and accompanying operational plans with support from Investment Manager, particularly on high-growth investment companies In addition, he/she plays a supportive role in improving DOB’s internal processes, such as strategy development and execution. The Investment Associate will be based out of the Nairobi office, with regular travel within East Africa and to the Netherlands. Requirements Bachelors or Masters in Finance, Economics, Actuarial Science, Business Administration or related field At least 5 years of relevant work experience ideally in business administration, advisory, or finance specific roles Deep knowledge and experience in financial performance reporting across sectors Robust financial, modeling and business analysis skills, conducting financial due diligence, market assessment and valuation Strong communication and social skills and the ability to work within a multi-cultural team environment Experience and exposure to working in East Africa Commitment to DOB’s mission and goal to become a leading impact investor in East Africa
Watu Credit Limited is a dynamic and fast-growing non-bank finance company that harnesses technology to offer both secured and unsecured lending, primarily via mobile services. They aim to become the leading East African provider of a broad set of inclusive financial products, delivered through technology in a fast, efficient and professional manner. WatuCredit offers asset financing (motorcycles and three-wheelers) and group lending products (short-term and business loans). The company is currently expanding with branches opened in Nairobi, Malindi, Nakuru, Mombasa (Town), Eldoret, Kitale, Bungoma, Kakamega, Kisii and Kisumu. Watu Credit Limited prides itself in offering fully cash-less services for loan disbursement and collection as well as 24-hour access for clients to their account balances. They commenced their business operations in July 2015 with the clear vision to be the best in class provider for short and medium-term loan products tailored to the specific needs of their target clients and delivered through mobile technology. WatuCredit is headquartered in Mombasa, Kenya, where this role will be based. The Role The Chief Operating Officer (COO) will oversee the organization’s ongoing operations and procedures. As a key member of the senior management team, the COO will report to the Managing Director and establish policies that promote company culture and vision through its operations. S/he will be responsible for the efficiency of the business, which includes maintaining control of diverse business operations and establishing and following a set of policies and processes. By setting comprehensive goals for performance and growth, the COO leads employees and encourages maximum performance and dedication. The COO role is a high-visibility position, requiring strong communication skills and the ability to maintain the highest level of integrity. Key Responsibilities The COO will focus on a full range of supervisory and monitoring functions including the; Coordination of jobs of various departments. Evaluation of reports. Identification of “red areas” within the business. Finding and implementation of the “right” solutions. Further to this, the COO will also be tasked to; Measure effectiveness and efficiency of operational processes both internally and externally and find ways to improve processes. Develop and implement growth strategies. Oversee daily operations and making adjustments as necessary. Identify new commercial opportunities. Build management capacity, identification of gaps and recruiting senior management capacity. Develop and drive performance measures using dashboards of high-level key indicators. Ensure smooth collaboration with internal and external stakeholders. Design and lead the implementation of improvements to strategy, policies and procedures. Direct the preparation of short-term and long-range plans and budgets based on broad organizational goals and growth objectives. Qualifications Bachelor’s degree in a relevant field; an MBA is preferred Previous experience in a senior management/operational role within a fast-paced, high-growth environment. Track record of managing and growing teams, establishing systems and KPIs, and driving both revenue and profitability. Strong entrepreneurial streak, innovative, and hands-on. Strong analytical and communication skills, combined with the ability to rapidly adapt to change in a dynamic business environment. Excellent interpersonal skills and the ability to gain respect and trust of team members at all levels. Ability to share the company’s vision of exponential growth and add value.
Jubilee Insurance Ltd. was established as the first incorporated Insurance Company based in Mombasa in August 1937. They have since spread their wings and sphere of influence as the No. 1 Insurance Company in the region with offices in Kenya, Uganda, Tanzania, Burundi and Mauritius and are recognized as the largest Composite Insurer in East Africa with over 450,000 clients. They are listed in the Nairobi Securities Exchange, Dar Es Salaam Stock Exchange and the Uganda Securities Exchange having been rated highly on Leadership, Quality and Risk Management and awarded AA- rating in Kenya & Uganda and an A+ in Tanzania. Jubilee is currently seeking an experienced Chief Investment Officer for their newly established investment fund, Jubilee Financial Services Limited. The CIO will report to the Group CEO and JFSL Board and will drive the company’s overall investment strategy. The Role The Chief Investment Officer will: Drive the company’s overall investment strategy in consultation with the Investment Committee. Deliver superior investment returns on client portfolio. Support the Marketing Team in selling the Company’s investment products to grow assets under management. Lead Product conception, development and implementation. Manage a team of investment staff and coordinate with other department heads for smooth functioning of the organization. Serve as the overall relationship manager for the Company’s clients. Responsibilities Investment Duties Convener of Investment Committee of the management and attend Board Investment Committee; oversee the economic and investment research and report to the Board Investment Committee. Responsible for developing portfolios and delivering investment returns exceeding pre-set benchmarks. Manage a team of investment professional and research analysts. Ensure timely and coordinated implementation of Investment Committee decisions. Regularly monitor portfolios under management and recommend any rebalancing strategies to bring them in line with both agreed investment committee strategies and Client current circumstances. Report in accordance with AIMR Performance Reporting Standards. Uphold and follow the CFA Code of Ethics and Standards of Professional Conduct. Ensure investment decisions are backed by high quality and appropriate research and analysis, both internal and external. Business Development Duties Keep abreast of latest developments in international and regional markets and develop appropriate products for launch. Manage existing client relationships in order to retain and grow business from company’s clients. Support the Business Development team in presentations to potential clients. Leverage existing business relationships of the Group to grow company client base. Reporting & Relationship Management Responsible for periodic reporting to clients incorporating economic and market overview, portfolio valuation and performance and strategy for the following quarter. Coordinate with other Department heads for ensuring timely and accurate reporting to regulators (CMA/ RBA) as appropriate. Making presentations to Client Investment Committees/ Trustees/ Fund secretaries. Preparing strategy papers, investment recommendations and reports to the Board, CEO and Investment Committee. Actively manage relationships with brokers and other market participants. Administration Ensure all documentation regarding investment management are complete and up to date. Liaise with Operations to ensure that management fees are paid promptly. Key Deliverables Portfolio management Client relationships Business development Production of regular investment updates Requirements Academic Qualifications BSc. (Mathematics/Statistics/Actuarial Science), BCom. (Accounting/Marketing) or any other similar qualification from a recognized university. An MBA or its equivalent will be an advantage. CFA Charter holder or equivalent. Knowledge in investment reporting and corporate financial reporting. Knowledge of legislation governing Retirement Benefits and institutional and retail investments. Key Competencies Visionary Entrepreneurial Spirit Market Awareness Customer Focus Continuous Innovation Ownership & Commitment Team Spirit Relevant Experience Minimum ten years’ experience in managing investments. Experience in managing and leading investment teams Track record of delivering superior investment returns Experience in managing funds on a global and/or regional basis will be an added advantage. Functional Skills Retirement benefits management Research and Investments Accounting and Report writing People management
Our Client More than 500 million people across sub-Saharan Africa lack access to electricity and the International Energy Agency expects that number to increase to 700 million by 2030. Since extending the grid to them would cost billions of dollars, micro-scale, off-grid power from solar is often the only viable answer to energy poverty. In countries like Uganda, where only 20% of the population has an on-grid connection, there’s undeniable potential for solar to leapfrog traditional energy provision models; however, affordability, perceptions of low quality and the absence of last-mile distribution and maintenance networks are curtailing development. These are the very problems that SolarNow was founded to solve. A Dutch company with its head office in Kampala and core operations in Uganda and Kenya, it sells high-quality solar solutions to fit the needs of rural households and small entrepreneurs — from 50Wp small solar home systems capable of powering a radio, phone and a number of lights to 10kWp systems that can power productive appliances and offices. These systems are offered including a range of SolarNow branded consumer electronics, including televisions, fridges, flat irons, shavers and water pumps. Crucially, SolarNow also provides credit that allows client to spread payment for their products over 24 months. Together with a network of 66 branches (950 FTE) in Uganda and Kenya and a price plan that includes full installation and service, backed by a unique five-year warranty, SolarNow has all the pieces in place to take optimal advantage of this unique market opportunity. The company already serves over 35,000 clients and plans to roll out its operations into other African countries during the coming years. SolarNow increasingly serves the entrepreneurial class. Clients in this segment experience more economic benefits from our solutions, and customer lifetime value is generally higher, as opposed to selling smaller products to the lower end of the market. In order to better serve this market, SolarNow is moving from a product led strategy to a customer led strategy, where the Marketing Director plays a key role in setting the direction for the business in terms of client centricity, customer segmentation and value proposition design. The Role Apart from developing this customer led strategy and value proposition, the Marketing Director’s tough job is to drive behaviours of leadership and staff in the organization towards a customer led culture. The Marketing Director leads the Marketing Team, who constantly analyse the margin potential, needs and characteristics of the various client segments, to come to attractive value propositions matching the needs of the selected client segments and generating attractive customer lifetime value to the company. The Marketing Team is further responsible for the branding and communications strategy, including lead generation leveraging social media and partnerships. The team keeps a close eye on competition and constantly identifies new opportunities for channels, branding, and partners. Reporting to the COO, the Marketing Director builds the sustainable foundation for highly effective strategic marketing in the company. The Marketing Director is a key advisor in strategic decision-making and promotion into the company’s managing board shall be considered within 24 months. Preferred Characteristics Someone who cares deeply about improving livelihoods in Africa and brings more than passion to the role: have the grit and resilience to do this work. Someone who has a deep curiosity and proven excellence if it comes to understanding clients and developing value offers that answer clients’ needs. Should also be a dynamic team worker, who can create excitement about new ideas amongst different types of people, and, as a result, gets things done. Have a proven track record of success in senior marketing roles and an entrepreneurial mindset with the ability to spot original branding opportunities. Ideally having worked in a strategic marketing director role in an established FMCG/B2B business, don’t mind working in a complex, constantly changing and resource- constrained environment. Someone who loves to make people around them performs better by constant training, coaching, and ensuring underperformance does not occur. Should be a persistent problem-solver, a direct and candid communicator, able to be hands-on without getting lost in the weeds. What to expect SolarNow offers a dynamic role in a high potential, high-impact for-profit business in a fast-growing market. The Marketing Director will be based in Kampala, but the job requires intensive travel across East Africa. The company offers a market conform package consisting of salary, medical insurance and performance-based incentives.
Jubilee Insurance Ltd. was established as the first incorporated Insurance Company based in Mombasa in August 1937. They have since spread their wings and sphere of influence as the No. 1 Insurance Company in the region with offices in Kenya, Uganda, Tanzania, Burundi and Mauritius and are recognized as the largest Composite Insurer in East Africa with over 450,000 clients. They are listed in the Nairobi Securities Exchange, Dar Es Salaam Stock Exchange and the Uganda Securities Exchange having been rated highly on Leadership, Quality and Risk Management and awarded AA- rating in Kenya & Uganda and an A+ in Tanzania. The Role The Regional Chief Financial Officer will report to the Regional CEO JHL and will have the Finance and Accounting heads of Jubilee insurance Kenya, Uganda, Tanzania, Mauritius and Burundi reporting into them. The Regional Chief Financial Officer will be tasked; To lead, manage and set standards for the finance and accounting team within the Jubilee organization across all markets in which the group operates. To support the Regional CEO in the development of strategy with supporting budgets and business plans. To upgrade financial controlling and reporting standards in Jubilee whilst supporting the business to achieve targeted growth and profitability. To ensure the financial stability of the organization and solvency of the insurance subsidiaries, through accurate reporting, and developing standards of financial performance in the accounting and finance areas, including coordination with the internal and external actuary. To oversee the investment management activities of JHL and its subsidiaries including active participation in the JHL Investment Committee. To deliver timely and accurate financial reporting to internal and external stakeholders. To help determine company policy and explain complex financial matters to other company executives, board directors, government officials, shareholders etc. Responsibilities 1. Strategic Ensure JHL’s financial benchmarks and targets are in line with Group standards and are communicated and implemented across all Jubilee business lines and branches. Coordination of the JHL Strategic planning and Budget process. Provide financial direction on potential M&A or regional expansion activities, including the preparation of business plans and budgets for potential new operations. Coordinating the investment strategy of the company to monitor and manage Asset and Liability matching. 2. Controlling and Reporting Enhance the utilization of the integrated financial and management information systems. Analyse and report financial information to management and the Board within agreed timelines including profit & loss statements, capital investment, budget allocation, cash flow forecasting and asset-liability management. Advise and be a point of reference for the Regional CEO and Board of Directors in all financial matters which impact JHL. Review and analyse financial data and performance against plan and industry overall performance. Ensure timely delivery of reports required by regulatory and industry bodies. Establish and maintain the financial business plan for the Group, including the expense budget and monitor variances between budget and actual performance. Maintain effective models of the business to support the business planning process. Implement systems to enable management of expenses and capital needs within budget. 3. Accounting Ensure adequate recruitment and development of finance staff. Agree and evaluate targets (budget and performance) to steer and motivate the department according to agreed performance management and budget targets. Coordinate with the Internal Audit team to ensure a transparent and objective review of all points raised through the internal audit process. Oversee the activity of the external auditors and actuary for JHL in collaboration with the respective Finance Manager’s. Coordinate with the internal and external actuary to ensure completion of statutory valuation and reserve calculations. Job Qualifications Experience of financial management and accounting practice within an insurance company environment is desired. Experience of running the finance function of a major organization. Chartered Accountant or CPA with practical experience of modern accounting practice including the application of International Financial Reporting Standards. Skills and Personal Qualifications Excellent leadership skills. Excellent planning, managerial and follow up abilities. Excellent interpersonal skills and people oriented with an ability to mobilize teams. Excellent communication skills. High problem solving abilities. Creative and highly motivated with an ability to handle work pressure and to meet tight deadlines. Keen on learning, self-development and employees development. Strong coaching skills. Good computer skills. Excellent written & spoken English
responsAbility is one of the world’s leading asset managers specializing in development-related sectors of emerging economies. These sectors comprise the areas of finance, agriculture and energy. responsAbility provides debt and equity financing to non-listed companies with business models that target the lower-income section of the population and can thus drive economic growth and social progress. responsAbility offers professionally managed investment solutions to both institutional and private investors. responsAbility Renewable Energy Holding (rAREH): rAREH is a developer of renewable energy projects up to 50MW in Sub-Sahara Africa headquartered in Nairobi, Kenya. It’s 20 people strong team of experienced investment professionals, project developers, engineers and E&S specialists are working on a sizeable portfolio. Investors include KfW, Norfund and NdF. They are looking for a Head of Operations and Maintenance for the rAREH’s office in Nairobi. Key Responsibilities Management of the operations and maintenance for an existing portfolio of renewable energy assets (mainly hydro, solar and in the future wind) across SSA. Overall operational responsibility for all assets owned in part or wholly by rAREH. Ensure all Occupational Health & Safety and Environmental aspects in accordance with IFC Performance Standards are addressed during construction phase with a view to ensuring compliance during operations. Oversee the hiring, training and supervision of power plant staff. Overall responsibility for ensuring accurate and timely reporting on all operational matters to Asset Management, offtakers and other stakeholders. Participate in preconstruction and construction process of powerplants to advice and anticipate O&M matters. Overall responsibility for documenting and reporting on all government facing reporting requirements in specific countries. Structured identification and implementation of systems and procedures to ensure optimal plant operations. Overall responsibility for ensuring harmonious co-existence with local communities where rAREH has operating assets. Skills and Experiences Degree preferably in an engineering discipline. Excellent experience working within the O&M of renewable energy assets. Over 5 years of O&M leadership experience in power plants. Proficient in MS word, Excel, PowerPoint and Outlook. Experience working in a multicultural environment. Experience working in Operating Assets in SSA. Fluency in English (written and spoken). Project Management and budgeting skills. Sound knowledge of IFC Performance Standards, in particular with regards to Occupational Health & Safety, and Environment. Management skills - Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modelling, leadership, production methods, and coordination of people and resources. Self-motivated with ability to prioritize workload. Good oral, written communication and interpersonal skills. Be able to communicate in a professional manner and in a pressurized environment. Minimum 10 years operational experience in the power sector.
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