lidya

Investment Associate

N/A, Lagos - N/A

At Lidya, our vision is a future where every great business owner has fair and fast funding to build and grow high impact businesses. To achieve this, we use data-driven finance and technology to help great business owners build high-impact businesses in the fastest growing economies in the world. Lidya currently operates in Nigeria, Poland, and Czech Republic where close to 200,000 businesses have signed up for our service. Lidya is backed by Flourish Ventures, Accion, Bamboo Capital, Alitheia Capital and Newid Capital. Lidya has raised close to $15m USD in venture capital and has teams across Lagos (Nigeria), Prague (Czech Republic), Warsaw (Poland), Porto (Portugal) and New York (USA).

Lidya is run by Tunde Kehinde, the Co-Founder, and former Managing Director of Jumia Nigeria, the largest eCommerce platform in Africa. Jumia is publicly listed company on the New York Stock Exchange (NYSE). Tunde also co-founded Africa Courier Express, the largest direct-to-consumer delivery provider in Nigeria. Tunde attended Harvard Business School for his MBA and graduated with honors with a bachelor’s in business administration from Howard University. Lidya is expanding its activities. To support our development, we are looking for a strategic and experienced Investment Associate that believes in our vision and shares our values. We believe that brilliant people operating in a great culture will produce the best outcome. We operate, hire, develop, and promote people based on the values below.

  • We are ambitious. We want to be number one. Lidya is for those is for those who always strive for excellence, for those who want to become the best in the world at what they do, for those who would never settle for less.
  • We use data to back our decisions. Lidya is for those who dive into the details. Who are always in search of the truth. Who want to understand what the problem is and its root cause.
  • We have high standards for our team and our customers. We never compromise on talent. We select, coach, and retain the best talent and give them the support to do their best work. We seek team members who want to delight our customers and offer solutions that help them have high impact and solve their needs.
  • We take ownership and we persevere. We seek team members that are determined, skilled, courageous, and work intelligently every day to succeed and be number one.

    Job Description

    The Investment Associate position is responsible for acquiring & managing clients, assessment of the creditworthiness of potential customers towards the goal of optimizing the mix of company sales and bad debt losses. The successful candidate will be a highly effective sales leader and be fully capable of managing own deals by navigating the customer through all facets of the sales process. You will be a manager responsible for providing guidance to the investment analysts and ensuring all due diligence is completed. You will work closely with the investment team and be fully responsible for:

  1. Customer Acquisition: Qualification, education, closing and launching relationships with clients across relevant sectors including but not limited to Companies in the eCommerce, Consumer Goods, Healthcare and Financial Services industries.
  2. Loan Portfolio Growth: Support the evaluation, authorization and approval of loans given to customers including, ensuring that credit appraisals and documentations are completed properly.
  3. Debt Settlements: Support the Collections team in managing non-performing loans by conducting analysis, and develop and recommend plans to eliminate client debt.

    Key Duties and Responsibilities

  4. Managing existing client engagements. Managing and closing current deals with clients and corporate partners, and acquiring new business for Lidya.

  5. Authentication of documentation presented for all credit applications and ensuring they meet KYC, loan assessment and any other documentation as required by the Lidya and by the regulators.
  6. Appraisal of customer loan applications and approval or rejection of applications within agreed timelines and loan limits.
  7. Implementing process for recollection of disbursed loans to ensure on-time payments are made.
  8. Compiling daily, weekly, and monthly reports on status of delinquent accounts and collection activity.
  9. Supporting a team of investment analysts to meet and grow a sustainable loan portfolio.

    Desired Qualifications and Skillset:

  10. 4 to 7 years+ of experience (preferably commercial) working with an Investment Bank, Commercial Bank, Commercial Bank, Management Consulting Firm or in a Business Development Role (with experience in the financial services sector a plus).

  11. Working knowledge of the entire underwriting process from loan application to funds disbursement and collections.
  12. Bachelor's degree in finance, accounting, statistics, mathematics, engineering, investments or a related business discipline.
  13. Demonstrated experience with managing day to day aspects of client relationships and projects including considerable experience meeting commercial milestones (i.e. achieving revenue or profit targets).
  14. Ability to manage a team of 2 to 3 colleagues to meet commercial targets consistently and sustainably.
  15. Outstanding customer engagement skills and a passion for creating an extraordinary customer experience regardless of the final credit decision.
  16. Strong analytical skills including the ability to read and assess both individual and company financial statements – profitability, cash flow and debt service capacity analysis + projections.
  17. Ability to properly identify the key credit risks, and reach a prompt and well thought out credit decision.