Job Description
About us:
Kiva (kiva.org) is an international nonprofit with a mission to expand financial access to help underserved communities thrive. We run a global marketplace platform to crowdfund microloans for financially excluded entrepreneurs, farmers and students around the world. Through Kiva Capital, we serve as a bridge between large scale impact first investors and underserved populations. Our digital identity platform enables borrowers who don’t have a track record with traditional financial institutions to record and verify their financial history and gain access to less costly mainstream financial markets.
Our organization combines the culture and technological passion of an internet start-up with the compassion and empathy of a non-profit to create impact and opportunity at global scale. Since 2005, we have raised more than $1.66 billion in loan capital for 4.1 million borrowers in 77 countries. Our lenders fund over $10 million in loans every month. With offices in San Francisco, Portland, New York, Nairobi, and Bangkok, Kiva’s team includes 100+ employees and 400+ volunteers worldwide. Our team is growing as we pursue exciting new opportunities to create a financially inclusive world.
Role overview:
Kiva Capital, Kiva’s asset management subsidiary, provides working capital to refugees, women, bipoc and small businesses adversely affected by COVID, and manages impact-first return bearing vehicles for leading impact investors. Kiva Capital is looking for a highly motivated Senior Fund Operations Manager to join our team. This role will be a key part of the Kiva Capital team and offers a tremendous opportunity at a fast growing impact asset manager. This position will focus on the operational and financial aspects of investment funds that extend private debt investments to financial service providers and small-medium enterprises in the emerging / frontier markets and within the United States. The ideal candidate will have an entrepreneurial mindset and be a multi-talented and versatile team player with a hyper focus on detail-orientation, accountability and taking initiative.
At this time, we can only consider applicants with authorization to work in the United States on a permanent, full-time basis; unfortunately we cannot provide visa sponsorship.
Key responsibilities include: Fund Management, Fund Administration, Loan Administration, Liquidity and Treasury Management, Relationship Management, Audit and Tax.
- Maintain the books and records for the KCM Funds in accordance with the Fund Documents and develop and update all portfolio operational procedures including process documentation.
- Review of quarterly financial statements, partnership allocations, valuations, performance, footnotes, and supplemental financial reporting for the Kiva Capital Funds.
- Manage Kiva Capital Funds’ investors/lenders drawdowns and repayments; prepare and review periodic reporting, calculate/track interest and principal payments.
- Responsible for financial and investor reporting, including writing reports, facilitating fund reviews and meeting fund reporting requirements.
- Monitor and ensure CDFI compliance with the California Rebuilding Fund’s Operating Manual, addressing eligibility questions as they arise. Onboard new CDFIs as needed and manage relationships accordingly.
- Liaise with the legal team to ensure compliance with applicable regulations and assist in facilitating completion of fund documentation as necessary.
- Lead the annual audits of the Kiva Capital funds, review of audited financials and ensure filing of all tax returns, K-1s’ and other ad-hoc requests by providing documentation and liaising with Kiva Capital funds’ tax preparers.
- Proactively engage with a large cross-section of teams, internally and externally, including the Investment Team, Investor Relations, Risk, Legal, Finance, Fund Admin, Auditor, external stakeholders, Lending Partners and CDFIs to ensure clear and timely communications.
- Lead loan administration tasks including: monitor loan covenants and payment dates/amounts, prepare and monitor repayment schedules based on loan agreements and hedge confirmations. Further develop and maintain in-house tools to support the function as needed.
- Manage Kiva Capital funds’ expense payments and related bank wires, in USD and/or local currencies, prepare and review journal entries and wires, track and reconcile flow of funds with bank account cash balances
- Support Fund cash forecasting and budgeting. Facilitate, execute, and monitor fund liquidity (available cash, minimum cash) against fund ALM policies.
Role Requirements:
- BS/BA degree in accounting, finance, economics or a related field.
- Advanced degree and/or CPA are preferable.
- 5+ years’ of relevant investment and/or fund operations experience at an asset manager or a fund administrator. Experience with alternative investments is preferred.
- Strong working knowledge of various financial instruments, especially emerging market private debt investments and derivatives. Basic knowledge of Level 3 valuation methodologies.
- Ability to manage multiple demands and competing deadlines in a fast-paced environment.
- Hyper detail-oriented, strong organization skills, focus on accuracy and ability to mult-task.
- Accountable/follows through, takes initiative and ownership.
- Excellent ability to communicate professionally, inclusive of the ability to interact effectively with executive level professionals, internally and externally.
- Demonstrated commitment to Kiva’ mission of financial inclusion.
- Strong leadership skills and demonstrated ability to influence.
- Advanced proficiency in Excel and Powerpoint, with familiarity of Netsuite a plus.
- Thrive in a dynamic fast-paced environment working with a very high-performing team dedicated to financial inclusion and equity.
- Ability to take on and successfully complete ad hoc project work as required.
What we offer:
- An opportunity to improve real lives, solve hard problems, and change the world
- Friendly, supportive, and adventurous environment with a team of engaged colleagues
- A comprehensive, industry-leading benefits package
- Opportunities to connect with and learn from colleagues and partners around the world
- Salary range for Colorado: $85K - $95K
A diverse and inclusive workplace where we learn from each other is an integral part of Kiva’s culture. We actively welcome people of different backgrounds, experiences, abilities and perspectives. We are an equal opportunity employer and a great place to work. Join us and help us achieve our mission!
We will only accept applications directly from candidates. Kiva will not be responsible for any recruiting agency fees, absent a formal agreement.
