Entrepreneurship in the territories: is it the right time?
Founded in 2016, Beneficial Returns (BR) is a for-profit impact investor whose mission is to expand opportunities for people living in poverty in the developing world. BR invests in growing social enterprises that use market -based solutions to reduce poverty and improve the environment. We believe global poverty can be eliminated and, within their lifetime, every person can have the opportunity to achieve their full potential. Since inception, BR has lent over USD $19M to more than 90 borrowers from 25 countries.
The Credit Analyst role is a full-time position created to manage increased lending activity, based in the Philippines. The Credit Analyst will report to the Credit Manager (based in Manila, Philippines) and Managing Director (based in Singapore). The Credit Analyst’s responsibilities fall into three primary areas:
- Fund Reporting: Accurate and up-to-date data are crucial to our business as our portfolio grows, and our investors count on us for transparent and reliable reporting. The Credit Analyst will gather and analyze data and generate reports for external and internal audiences. Furthermore, they will work with the rest of the credit team to continuously improve BR’s management information system, ensuring its responsiveness to BR’s dynamic business.
- Portfolio Management: The Credit Analyst will collect and review borrower compliance with financial covenants and reporting requirements to monitor our portfolio and quickly identify problem loans and opportunities for further lending. The Credit Analyst will consult on underperforming loans but will not be responsible for negotiating, restructuring, or enforcing provisions of the loan agreements.
- Loan Underwriting: Because Beneficial Returns’ long-term success is a direct function of making prudent, high-impact loans, underwriting will be one of the Credit Analyst’s focus areas, guided by the Credit Manager. This includes screening prospective borrowers, collecting, analyzing, and synthesizing financial and impact data, and writing thorough credit memoranda. The Credit Analyst will work collaboratively with other staff members and potentially interns under tight deadlines.
