Investment Analyst
Investment Analyst
About The Job
About Access to Finance Rwanda:
Access to Finance Rwanda (AFR) is a Rwandan not for profit company established in 2010 to promote financial inclusion and financial sector development. AFR is currently funded by Sweden, The Mastercard Foundation and Jersey Overseas Aid. AFR is part of the broader Financial Sector Deepening (FSD) network in Africa, which aims to create a transformative impact in the fight against poverty.
AFR supports initiatives that enhance financial inclusion and strengthen financial sector development, enabling financial institutions and markets to drive more inclusive and sustainable economic growth. AFR supports the removal of systemic barriers that limit access to financial services for low-income populations, particularly rural communities, women, youth, and micro, small, and medium enterprises (MSMEs). It facilitates the development and delivery of a wide range of financial services, including savings, credit, insurance,
investments, payments, and remittances. Guided by the Market Systems Development (MSD) approach, AFR emphasizes market-led, profitable, and sustainable solutions to enhance financial inclusion and foster a more resilient financial sector. For more details visit our website: (www.afr.rw).
AFR seeks to recruit an Investment Analyst to support the “Terimbere MSME Support Facility and G2S Catalytic Fund”.
About the Terimbere MSME Facility and G2S Catalytic Fund
The Terimbere MSME Support Facility is a program which aims to strengthen the MSME support ecosystem and catalyse MSME financing, business growth, resilience, and decent jobs creation with a strong emphasis on women and youth-owned/led enterprises. The Facility is intended to support MSMEs in an effective, sustainable, and gender-intentional manner.
One of the Facility components is the Grow to Scale (G2S) Catalytic Fund. The Fund provides catalytic grants (returnable and non-returnable) to MSMEs especially those led by youth, women, and vulnerable or disadvantaged populations working in the agribusiness and tourism and hospitality sectors to be used for activities such as prototyping solutions and/or other advancements in innovative products and services. The Fund is open to eligible MSMEs supported by Terimbere MSME Facility, and a few selected partner business development service (BDS) providers.
The goal of the Fund is to help MSMEs access financing, increase productivity and efficiency in order to create dignified and fulfilling employment opportunities especially for young Rwandan women.
The Role: Investment Analyst
The Investment Analyst will support fund management activities under G2S Catalytic Fund by conducting detailed investment analyses, providing informed recommendations, and facilitating comprehensive MSME support. The Investment Analyst plays a pivotal role in grant pipeline management, due diligence, post-grant monitoring, and stakeholder engagement to ensure impactful investments.
Reporting line: Investment Manager
Location: Kigali, Rwanda
Duration of the contract: Indefinite
Expected starting date: July 2025
Specific Skills
- Bachelor’s degree in finance, Economics, Business, or a related field.
- A professional qualification such as CFA, ACCA, or CPA will be considered an added advantage.
- At least five (5) years of relevant professional experience in Investment Advisory, Impact Investment, Development Finance, Commercial Banking, Business Advisory, Enterprise development, or a related field—with exposure to investment analysis, due diligence, or financial evaluation.
- General experience working in financial services, development programs, consulting, enterprise support organizations, or any role that involved working with MSMEs or assessing business growth potential.
- Familiarity with MSME market dynamics and challenges related to financial inclusion and job creation in Rwanda.
- Excellent analytical skills.
- Excellent writing, and communication skills in English and Kinyarwanda.
- Strongly motivated to achieve goals and act with accountability to deliver quality results.
- Proactive approach and the ability to prioritize multiple tasks and meet deadlines.
- Strategic thinking and ability to suggest innovative improvements to processes and projects implementation approaches.
- Highly organized with attention to detail and strong analytical capabilities.
- Ability to collaborate effectively within teams and external stakeholders.
Responsibilities & Duties
- Strategy and programming
- Support the continuous improvement of the Catalytic Fund policies, procedures, processes and tools leveraging implementation learnings.
- Support capacity building and awareness activities for MSMEs and partner business development service (BDS) providers clearly guiding them through grant application procedures and necessary documentation to ensure efficient, effective and impactful use.
- Ensuring Impactful Implementation of the G2S Catalytic Fund
- Conduct detailed due diligence processes on MSMEs, including comprehensive financial modelling and analysis to assess viability, sustainability, and investment potential.
- Undertake market and competitive analysis to evaluate opportunities and risks associated with each MSME.
- Perform qualitative and quantitative risk assessments, propose robust mitigation strategies, and clearly document findings and recommendations.
- Evaluate grant applications, catalytic initiatives and business plans systematically against predefined eligibility and selection criteria.
- Prepare comprehensive investment proposals and presentations for review by the Investment Committee.
- Provide tailored post-grant support in collaboration with the Terimbere MSME Facility and partner BDSPs teams to ensure MSMEs utilize funds effectively and achieve predefined objectives and impact.
- In collaboration with the Terimbere MSME Facility and partner BDSPs teams, continuously monitor the supported MSMEs progress, identifying operational and strategic challenges, and providing timely interventions and recommendations to improve performance.
- Ensure the activities are executed on time, within the budget, and aligned with G2S Catalytic Fund strategic objectives.
- Support risk analysis for the Terimbere MSME Support Facility and ensure adequate controls and risk-mitigation strategies are implemented.
- Ensure compliance with AFR policies and best practices.
- Partnerships, Influencing and Communicating for impact
- Build effective working relationships with all stakeholders involved in the G2S Catalytic Fund Interventions and champion behavioural change that is important for sustainable MSME Financing.
- Build strong relationships with entrepreneurs to understand their challenges and growth needs.
- Establish strategic relationships with stakeholders within impact funding space to foster relationships, understand sector developments, and influence positive outcomes in MSME financing.
- Actively participate in the development, implementation, and results measurement of Communications & Influencing plan for the AFR Terimbere MSME Support Facility.
- Collaborate with the Investment Manager and Communications Team to disseminate insights within AFR, among stakeholders, and to champion continuous improvement
- Resource Management
- Support the development of work plans, budgets, cash flow forecasts, and G2S Catalytic fund utilization tracking.
- Collaborate with AFR Operations Department to ensure robust management and accurate tracking of the Catalytic funds.
- Facilitate timely catalytic funds disbursements and repayment tracking, ensuring compliance with grant terms.
- Regularly monitor MSME compliance with AFR’s guidelines, policies, and funders’ accountability requirements.
- Effective Monitoring, Evaluation and Learning
- Actively engage in the implementation of Monitoring, Evaluation, and Learning (MEL) activities, applying established frameworks to measure the effectiveness of funding and ensuring that learning from the project is fully utilized to maximize impact.
- In collaboration with AFR’s MEL team, prepare detailed and actionable reports on MSME achievements, identified bottlenecks, proposed solutions, and document lessons learned.
- Prepare and submit regular technical and financial reports, as required by the AFR and partners.
- Other Duties
- Perform other related duties as assigned by the line manager.
Job Location
Apply To
- All qualified candidates should submit their applications to recruitment@hcsolutions.rw
- Deadline For Application: Wednesday, 18 June 2025 at 5.00pm Central African Time (CAT) clearly indicating in the Subject line: Application of Investment Analyst position
- The application should contain a detailed Curriculum Vitae (CV) including e-mail address, daytime telephone contact, qualifications, achievements, experience, and names & addresses of three professional referees and Cover Letter (max 2 pages) summarizing why you consider yourself particularly well suited for the position. Do not attach any other documents at this point.
- All applications will be selected on merit and only short-listed candidates will be invited for interviews.
- For any questions regarding the application process please contact recruitment@hcsolutions.rw
- Notes:
- This position is open to Rwandan nationals only.
- Qualified female candidates are highly encouraged to apply.