About Karandaaz Pakistan
Karandaaz Pakistan is a non-profit company (registered under Section 42) established in August 2014, promotes access to finance for small businesses through a commercially directed investment platform, and financial inclusion for individuals by employing technology enabled digital solutions. Karandaaz has financial and institutional support from leading international development finance institutions; principally the United Kingdom Department for International Development (UKAid) and the Bill & Melinda Gates Foundation. The Consultative Group to Assist the Poor (CGAP), a member of the World Bank Group, has managed the start-up phase of the Company. Karandaaz Pakistan is sponsored and governed by eminent Pakistanis on its Board of Directors and is managed by an experienced team with core expertise in international investment management and digital finance.
Program Introduction
Deepening access to finance is imperative to drive broad based economic and employment growth, as well as commercially imperative for the long-term health of the financial services industry. Banks need viable credit models to lend to small and mid-size enterprises that represent the substantial part of the economic and employment base of the economy. Credit markets furthermore need to expand beyond working capital and trade loans to finance capital investment. Key challenges to small business lending in Pakistan include ability to validate earnings, ensure financial discipline and enforce contract.
The Corporate Investment and Credit work stream of Karandaaz Pakistan provides wholesale structured credit and equity-linked direct growth capital investments in small and mid-size enterprises with compelling prospects for sustainable growth and employment generation in Pakistan. It is designed around collaboration with apex corporates that are well placed to provide credible commercial information and apply credit discipline on their vendors and distributors. The program will enable apex corporates to help direct credit to vendors and distributors that are well-positioned for growth without assuming credit risk.
Job Description
Some specific tasks that the Senior Principal, Credit will be responsible for are listed as under,
- Lead detailed industry analysis (market size and growth, industry structure and value chain, competitive landscape etc.) for key target industries
- Develop wholesale and retail credit and liquidity products to enable access to finance for micro, small and mid-size enterprises
- Originate, evaluate and execute credit transactions (wholesale credit lines, supply chain financing, program lending, securitized products, credit guarantees) to provide growth capital funding to small and mid-size enterprises with potential for profitable growth and sustainable job creation
- Monitor, track and report portfolio performance and generate impact reports
- Under supervision of the Chief Investment Officer, manage and lead transaction teams
- Prepare Credit Committee Documentation
Candidate Profile
- Minimum 10 years of experience in a structured finance and/or commercial banking in a reputable financial institution (international experience will be valued)
- Experience in originating and executing corporate finance and/or loan products. Prior exposure to small and mid-size enterprise lending will be valued
- Professional exposure to working in Pakistan
- Self-starter, motivated to build a high impact investment business for micro, small and medium size enterprises in Pakistan
- Strong command of oral and written English and conversant in Urdu
- Preferably a masters level degree in business, economics, accounting or related discipline from a reputable International or Pakistani institution.
Note: Karandaaz is an equal opportunity employer. Only shortlisted candidates will be called for an interview.