Principal Debt

About Us

Karandaaz (KRN) believes that every Pakistani deserves to be Financially Included and Economically Empowered. Our mission at Karandaaz is to foster economic growth and create jobs through financial inclusion of unbanked individuals and unserved enterprises.

Karandaaz Pakistan is a not-for-profit organization, based out of Islamabad, registered with the Securities and Exchange Commission of Pakistan under Section 42 of the Companies Act 2017. We are supported by Foreign, Commonwealth & Development Office (FCDO) and Bill and Melinda Gates Foundation (BMGF). Karandaaz is governed by an eminent board who set the strategy of the organization and steer it towards achievement of its objectives.

Karandaaz Capital aims to support the development of a market for MSME financing by deepening access to growth capital for MSMEs that will result in the generation of broad-based employment in Pakistan and financial returns for Karandaaz. Karandaaz makes investments that are categorized into four buckets: Direct Investments, Wholesale Financing, Strategic Investments, and Green Investments. These investments and financings by Karandaaz help develop pilot investment models and identify new financing avenues and generate learning for commercial capital providers.

Position Summary

Karandaaz is seeking a Principal Debt in the Corporate Investments & Credit (CIC) stream who will be primarily responsible to support the Chief Investments Officer (CIO) in developing the innovative lending transaction portfolio for KRN. We are looking for an individual motivated to further enrich Pakistan’s leading impact investment fund for MSMEs.

Job Description

Innovative Lending Portfolio Creation & Management

• Develop a strategy for the Debt & Innovative Lending function and create a detailed work plan to be executed over the fiscal year
• Establish strategic networks within the industries of commercial banking, investment banking and structured finance to create opportunities for growth.
• Lead detailed industry analyses for key target industries
• Originate/Negotiate, evaluate and execute debt transactions (wholesale credit lines, supply chain financing, program lending, securitized products, and digital lending through fintechs) to provide growth capital funding to small and mid-size enterprises with potential for profitable growth and sustainable job creation.
• Design new credit/risk sharing programs to channel development finance from international impact capital providers to underserved segments/SMEs
• Liaise with the in-house and external legal counsel to effectively develop transaction structures and documentation
• Liaise with the internal team of tax experts

Portfolio Monitoring & Reporting

• Oversee the SME loan portfolio and, when required, advise senior management on risk aspects of SME credit/risk products being offered by KRN subsidiaries.
• Identify, undertake due diligence and assess prospective financial partners’ capability in SME lending.
• Liaise with the risk department, provide advice and manage live action plan for maintaining quality of KRN debt portfolio.
• Generate impact reports for the debt portfolio in consultation with the Monitoring, Evaluation & Learning (MEL) team
• Lead the team in preparing high quality documentation for the CIO, Karandaaz Investment Committee (IC) and Board of Directors (BoD).
• Any other task necessary to ensure the optimum performance of the CIC department

Team Leadership

• Responsible to lead a team of Associates and Analysts and ensure their professional development through coaching, mentoring, shadowing and empowerment.
• Assist the CIO in managing and leading transaction teams across all sub-functions of CIC.

Eligibility

Education & Experience

• Preferably a Masters level degree in Finance, Business, Economics, Accounting or related discipline from a reputable institution. CFA qualification will give competitive advantage.
• Atleast 8 years of work experience in structured finance and commercial banking
• Experience in originating and executing corporate finance and loan products along with prior exposure to small and mid-size enterprise lending will be given value
• Professional exposure to working in Pakistan

Knowledge, Skills & Abilities

• Understanding of a not-for-profit organization
• Exceptional knowledge of business finance and financial analysis
• Excellent knowledge of impact investing principles and Sustainable Development Goals (SDGs).
• Good knowledge of accounting regulations
• Expert level skill in Microsoft Office (Excel, Word, PowerPoint) and Google Suite
• Strong command over oral and written English and Urdu
• Strong analytical skills
• Strong problem-solving skills
• Strong networking and interpersonal skills
• Demonstrated teamwork skills
• Sound business judgment to identify issues and present creative and practical solutions
• Ability to manage and complete multiple projects simultaneously and meet deadlines under pressure

Culture and Values at Karandaaz

Karandaaz Culture is guided by our values of Innovation, Collaboration, Accountability, Respect and Equity (ICARE). These values shape our choices on what we do and how we do it, both with colleagues internally and partners externally. We also believe that we are all responsible for creating a great place to work and are constantly looking to hire individuals who bring the same level of passion and commitment to the purpose of the organization.

If you believe in Karandaaz vision and values and feel excited about the work we are offering, please send us your resume for this position to careers@karandaaz.com.pk clearly mentioning the position title in the subject line.

Karandaaz is an equal opportunity employer and encourages applications by all population groups