The Lesotho National Development Corporation (LNDC) was established by an Act of Parliament as a parastatal. The LNDC Act No. 20 of 1967, as amended by LNDC Act No. 13 of 1990 and LNDC Act No. 7 of 2000, mandates the Corporation to: “initiate, promote and facilitate the development of manufacturing and processing industries, mining and commerce in a manner calculated to raise the level of income and employment in Lesotho. “LNDC invites applications from suitably qualified and experienced candidates for the position of DEVELOPMENT FINANCE OFFICER.
PURPOSE
To contribute to the management of the development finance pipeline by appraising aspects of the credit and equity applications in order to help grow LNDC’s client base. To perform project preparation by identifying gaps in client applications and liasing with the relevant stakeholders within the bank as well as client representatives in order ensure all required information is submitted for a successful grant of credit. The incumbent reports to the Manager Development Finance.
KEY RESPONSIBILITIES
- Resource Management
- Determine resource needs within own area of responsibility.
- Request required assets and resources for the fulfilment of work duties.
- Use assets and resources optimally within own area of responsibility
- Facilitate intern onboarding by providing training, upskilling and general support in order to ensure that the interns become productive contributors to the LNDC.
- Stakeholder Relations
- Communicate with all relevant departments on issues of the area of specialisation.
- Communicate with internal and/or external stakeholders, where required, to achieve work objectives and to maintain relationships.
- Maintain relationships with internal and external stakeholders to ensure information, advice or opinions on relevant matters is made available and/or communicated appropriately and timeously.
- Evaluate and monitor investors by conducting quarterly reviews, site visits and contribute to the identification of pockets of opportunity for further support and notify relevant superiors to ensure that the opportunity is exploited.
- Engage with external customers by answering their queries and providing business support and insight into the LNDC’s capabilities as a partner for local and foreign investors.
- Financial Management
- Analyse and review credit and equity terms in collaboration the Specialist ensuring that they align with LNDC’s bargaining restrictions in order to solidify terms that are suitable to all parties involved.
- Contribute to the development of LNDC’s investment proposals when attempting to invest in domestic and foreign entities in order to promote LNDC’s investment portfolio.
- Credit Finance Implementation
- Analyse LNDC’s investment policy and recommend changes based on investor reservations coming into Lesotho as well as their business requirements in order to initiate mutual growth.
- Appraise aspects of investor applications submitted by the Bank scrutinising them for applicability and funding from the LNDC in order to draw foreign and local investment into Lesotho through the LNDC.
- Review funding policies by analysing typical funding issues and notifying superiors of gaps and recommend potential actions to be taken.
- Generate monthly reports based on successful client equity and credit applications.
- Supervise aspects of the project implementation
- Financial Instruments
- Contribute to the enhancement of the operating functionality of the funding instruments (e.g. PPF, Equity finance etc) and other tools through analysis of investor and client pain points and recommend changes to internal policies and procedures ultimately alleviating pressure for the users and enhancing uptake of the various financial tools.
- Qualifications & Experience
- Bachelor Degree in Accounting, Financial Economics Statistics or Finance.
- Minimum three (3) years’ experience in a similar role.
Term of contract
- Permanent and Pensionable terms of employment.
Remuneration and Benefits
- The Corporation offers a competitive remuneration package for the position.
How to Apply:
Interested, suitably qualified and experienced candidates should email their applications accompanied by educational certificates and transcripts in PDF FORMAT ONLY to [email protected]. Job title must be used as the subject heading. Closing date is Friday, 02nd December 2022 at 17:00hrs.
To apply, candidates MUST fill the attached application form.
Disclaimer: Only short-listed applicants will be contacted. The Corporation reserves a right to appoint suitable candidates that meet application requirements. No late applications will be accepted.