Financial Service Associate Full-time Job

Financial Service Associate

Reporting into: EA Financial Services Manager

You are responsible for the execution of Wasoko's Financial Services strategy in Kenya. You are the owner of the Wasoko Financial Services product delivery targets including working capital financing, asset financing, insurance, and other financial products to come.

You are charged with training, developing, and retaining a world-class financial services team delivering effective KYC, sales, credit administration, and collections.

Your Mission in our Vision

Financial services will be the biggest differentiating factor of Wasoko from its competitors. By crafting a suite of services/financial products that not only meets the needs of our customers but also enhances their earnings potential, Wasoko will become an indispensable long-term partner for our customers.

Our strategy is to provide a world-class customer experience with regards to accessing basic financial services through effective education and signalling that allows our customers to graduate to more sophisticated financial products. In the long run, these more sophisticated financial products will be the profit engine of the financial services business

Key Responsibilities;

Capacity to recruit & manage clients including KYC, usage, retention, and repayment

Managing customers directly and in liaison with the sales team to ensure:

Growth

Ensure they order the set number of SKUs and grow their SKUs per order

Ensure they grow Average Revenue Per User MoM

Ensure on-time repayment of credit with the capacity to escalate collections

Daily follow up of overdue invoices through phone calls and field visitations

Developing Pay plans / Promise to Pay database with elaborate follow-ups

Ensure a thorough KYC process by conducting a verification exercise for all new clients and capturing relevant information in systems for decision making

Conduct customer education to all new and existing clients to ensure adherence to Wasoko credit terms and communicate any changes in policy

Handle all customer and agents complaints within the credit portfolio

Any other duties may be assigned

Qualifications

Diploma in a Business related course

Proven work experience in credit management

Good understanding of lending procedures & credit-related laws

2-4 years of credit experience

Be willing to regularly travel to customer sites

Have considerable experience with customer negotiations

Wasoko is transforming communities across Africa by revolutionizing access to essential goods and services. By connecting small merchants to the digital economy, we fix inefficient supply chains and provide services previously unavailable to informal businesses. Wasoko aims to provide everything a retailer needs, no wholesalers or banks necessary.
Thousands of retailers across East and West Africa use Wasoko's mobile ordering and delivery platform to receive the goods they need as quickly and cheaply as possible while also accessing growth financing for the first time. Were looking to grow our team with highly talented and motivated employees who are excited to work in a fast-paced and dynamic startup environment.