Investment Settlement Officer

Investment Settlement Officer 

Organization Summary: 

For more than a decade, Shuraako Capital (formerly One Earth Future) has worked to solve complex problems at the root of armed conflict. Through its unique culture of iterative learning and improvement, OEF designs, tests, and partners to scale programs that help communities see problems in new ways and solve them collectively. Shuraako (www.shuraako.org) has been operating throughout the Somali region since 2012 with offices in Hargeisa, Garowe, and Mogadishu. 

With its headquarters in Colorado, Shuraako Capital operates as a portfolio of peacebuilding programs, each with its own director, strategy, and budget. What holds them together is a common purpose: to provide an impartial platform for diverse stakeholders to form adaptive problem-solving networks for peace. At the foundation level, Shuraako Capital provides the financial, strategic, and operational support needed to iteratively develop solutions to complex problems that could not have been designed in advance. 

Primary Role: 

The Shuraako Loan Settlement Analyst will be responsible for the tasks related to the settlement of loans from the group’s Fund management program. The Loan Settlement Analyst will assemble, prepare and verify closing documents after a loan is approved. The loan settlement Analyst will closely collaborate with a global team to execute disbursements accurately, efficiently and in a timely manner.  

Job Type: 

Full time 

Location: 

Garowe, Puntland 

Compensation: 

$11.00 USD per hour (approximately $2,145 USD per month) 

Reports To: 

Finance and Administration Manager with a dotted line to the Puntland Field Manager.  

PRIMARY RESPONSIBILITIES:  

Documentation Preparation 

• Assemble all supporting documents required to initiate investment disbursement from the Fund. 
• Verify supporting documents to ensure they meet the terms and conditions of the investment. 
• Use investment templates to generate agreements outlining the terms of the investment. 
• Verify the information in the agreements and supporting documents to ensure accuracy as per the terms of the investment (including repayment conditions, asset details, and collateral specifications). 
• Work with the legal department to draft any agreement amendments needed. 
• Maintain the investment agreement templates. 
• Ensure investment applications are properly and systematically filed to maintain accurate records, facilitate easy retrieval, and support organized documentation management.  
• Undertake the transfer and verification of assets for Puntland State investees, ensuring that all documentation is complete and accurately maintained. 
• Compile and organize investment disbursement documents. 
• Coordinate document review and signature among all parties involved. 
• Work in close coordination with the Finance and Administration Manager. 

Compliance & Background Checks 

• Ensure Murabaha contracts comply with Sharia principles, internal policies, investor guidelines, and regulatory requirements. 
• Produce watchlist reports and review applicant names against a watchlist database. 
• Escalate any suspicious background check reports to Fund management and Shuraako Capital’s legal counsel. 

Disbursement Process 

• Prepare wire application and supporting documents for completeness and accuracy and submit to finance for review and disbursement. 
• Prepare supporting documentation and wires submitted for agent payments. 
• Track investment settlement status on the fund’s database. 
• Maintain proper records of the investment documents. 

Support with administrative tasks, as needed. 

REQUIRED EDUCATION, KNOWLEDGE, SKILLS, AND COMPETENCES: 

Education and Professional Experience 

• Undergraduate degree is required. Preferably a bachelor’s degree in Finance, Islamic Banking, Commerce, Business Administration, or a related field. 
• 3–4 years of experience in investment processing, settlement, or investment banking operations. 
• Knowledge of Murabaha investment lifecycle management and financial documentation. 
• Understanding of Islamic finance contracts such as Murabaha contract. 
• Familiarity with Islamic banking finance regulations and compliance standards. 
• Knowledge of U.S. sanctions laws and regulations is preferred. 
• Past experience in data collection processes and/or interpreting business documents. 
• Past experience in bookkeeping, paralegal or similar fields. 
• Past experience in and/or comfortable reporting to multiple managers, working across departments to complete tasks, and dealing with ambiguity, or false-starts/failures. 
• Past experience creating, improving, and/or implementing administrative processes and procedures. 

Technical & Analytical Skills 

• Strong analytical and numerical ability. 
• Superb organizational skills and proven analytical abilities. 
• Strong computer and word processing skills using Google Suite and MS Office, including a high level of proficiency in MS Excel. 
• Ability to follow and keep track of complex processes. 

Core Competencies & Work Style 

• Attention to detail, accuracy, and compliance-oriented mindset. 
• A proactive and efficient approach to work and completing assigned tasks. 
• Ability to learn rapidly, prioritize workloads, and adapt quickly to changing situations. 
• Ability to handle sensitive and confidential information with poise, tact, and diplomacy. 
• Strong oral, written, and interpersonal communication skills in English. 
• Passion for working in a team environment. 
• Able to sit at a computer for extended periods of time, bend at the waist and reach on a daily basis and lift and move up to 25 lbs regularly. 

Additional Requirements & Interests 

• Ability to maintain a flexible work schedule. 
• Interest in Islamic finance, international relations, peacebuilding, or related fields. 
• Experience or interest in the Horn of Africa (particularly Somalia), a plus 
• Commitment to Shuraako Capital vision, mission, and values (www.shuraako.org) 

At Shuraako Capital we celebrate difference and welcome its benefits.  Therefore, we are proud to be an equal opportunity workplace. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or Veteran status. If you have a disability or special need that requires accommodation, please let us know.