Director of Credit
Off Grid Electric
Amsterdam, Netherlands
8 dagen geleden

Company Description

Uncover hidden opportunities to make a global impact. Zola Electric is a growth-stage start up that’s on track to light a million homes in Africa over the next couple of years with clean, affordable solar energy.

At the heart of our business is innovative solutions that delight our customers. We are looking for a Director of Credit to join our team in Amsterdam, the Netherlands, to support our growth strategy in Africa, changing the lives of millions with our innovative products.

This may be your dream job if you’re someone who dreams of combining your knowledge and skills enabling Zola Electric to change the renewable energy landscape.

You’ll also need to be passionate about bringing solar energy to off-grid and other underserved markets (billions of people around the world) with the unique social, technical, and business challenges that come along with it.

You are inspired by the opportunity to unleash whole continents of human potential, and motivated to help build a truly epic business.

Zola Electric, through its consumer brand Zola, combines Silicon Valley technology with local expertise to offer African homes and businesses a long-

term solar solution to an unreliable grid. Adaptable to both energy needs and income, Zola Electric’s solution can be bought over time through a leasing structure.

The first few watts starts a chain reaction that enables people to achieve commonly held aspirations : security, education, access to information, and a longer and more efficient day.

Today, Zola Electric powers more than 100,000 homes and businesses across Tanzania, Rwanda and Côte d’Ivoire. Zola Electric’s investors include : SolarCity, Vulcan Capital, DBL Partners, The Packard Foundation, Helios Investment Partners, and responsibility.

Zola Electric is the recipient of the 2016 UN Momentum for Change Award, Zayed Future Energy Prize, and the 2015 Global Cleantech 100.

For more information, visit .


The Director of Credit will be part of the Group Finance function and have end-to-end global responsibility for managing all aspects of the company’s credit operation.

The Director of Credit is responsible for the credit strategy, function, quality and risk and credit offering.

  • Crafting a comprehensive customer-facing credit strategy that addresses both upfront, point-of-sale credit operations as well as after-
  • sales education and payment follow-up.

  • Aligning with stakeholders to execute on credit strategy and collaborate with the Director of Corporate Finance in assessing the options for financing the company’s customer loan portfolio.
  • Monitoring and evaluating the performance of the defined strategy, iterating and improving where required.
  • Build and develop a credit function in each operating company, deploy processes, tools, and systems for day to day in-
  • country operations of credit function.

  • Ensuring compliance with national regulations and customer protection legislation and regular reporting on national and group level.
  • Define and manage the organization’s credit KPIs, develop dashboards as well as reports required by the board and senior management.
  • Partner with the CIO to refine the IT systems to deliver the credit objectives.
  • Identifying opportunities and designing initiatives for continuous improvement of customer collection processes and practices.
  • Designing and managing the underwriting and collection standards.
  • Reporting on and managing the company’s customer credit portfolio as well as minimizing the associated risk and cost.
  • Promote and sustain a culture of risk management discipline, anticipation and compliance within all functions and in the operating countries.
  • Partner with the Director of Corporate Finance to optimally finance the Company’s credit portfolio.
  • Build financial models that predict and help manage the organization’s credit risk exposure.
  • Oversee all audit and internal control operations, ensuring strict credit risk controls are in place and coordinate all external audits relating to the credit function and ensure recommendations are implemented.
  • Collaborate with product management and commercial teams to develop customized pricing solutions that promote sales and accurately price and help minimize credit risk.
  • Requirements

  • Bsc. / Msc. in Finance, or related field with a minimum 8-10 years of retail / consumer loan credit underwriting experience, with ideally 3-5 years in Africa.
  • 3-5 years of working experience in the credit risk department of a microfinance institution, within operations in Sub-Saharan Africa.
  • Consumer finance and credit risk experience and assessing complex data sets to optimize credit performance in the PAYG segment.
  • End user asset financing experience in developing countries and experience financing farmers or solar power for low-income consumers will be an advantage.
  • Experience of building and managing operational credit teams and a proven track-record of developing credit-scoring and underwriting standards.
  • Familiarity with income, expenditure and cash flow patterns of rural and semi-urban households and micro enterprises (crop cycles, agricultural value chain, etc.).
  • Broad knowledge of training methods and experience in staff training.
  • Experience in the rapid growth environment, i.e. building a new business.
  • Proficient in financial modelling, credit analysis.
  • Able to represent the credit function at Board level, with the communication skills required to communicate complex messages to a wide variety of audiences.
  • Able to manage a variety of large tasks with competing timelines and priorities.
  • Strong negotiation and interpersonal skills and proficient in Excel and PowerPoint.
  • Experience of working and living in Africa, up to 20% of travel to Africa required.
  • Other information

    Are you interested in this position and join our team in Amsterdam, the Netherlands, let’s connect and send your resume via our career page.

    Applications that include a resume / curriculum vitae have preference.

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