2 months ago

Job Summary

The candidate will support the Senior Manager of the department to drive strategic and tactical decision-making processes at Tugende, supported by data, information and reports.

  • Minimum Qualification:Bachelor
  • Experience Level:Mid level
  • Experience Length:2 years

Job Description/Requirements

Title: Associate, Corporate Finance

Reports to: Senior Manager, Corporate Finance

Location: Kampala / Nairobi 

Application opening: June 30th 2022

Application deadline: July 29th 2022 

About Tugende

Tugende uses asset finance, technology, and a customer-centric model to help informal sector entrepreneurs dramatically increase their economic trajectory. Tugende’s core asset finance packages include medical and life insurance, training, safety equipment and digital credit profiles in addition to affordable asset financing for SMEs. By helping clients grow economically and build digital track records of responsibility, we are creating a long-term ecosystem for MSMEs to grow and thrive.

Tugende is tackling the credit gap for small businesses in Africa by enabling informal entrepreneurs to: 1) own income‑generating assets, 2) build a verifiable digital credit profile, and 3) earn future growth opportunities through the Tugende digital platform. This platform includes discounts, smartphones, e‑commerce opportunities, and on‑demand credit lines. Tugende has financed 52,000+ productive asset leases valued at over USD 35 million. The company has 750+ employees serving clients across 23 branches in Uganda and 10 in Kenya. Tugende is growing into new geographies and asset product lines including boat engines for fishermen and fridges for retail shops.



About the role

Tugende’s ongoing rapid growth is supported by regular capital raising and ongoing engagement with current investors. The Corporate Finance team leads these efforts and additionally provides financial analysis & research for company and investor needs. The candidate will support the Senior Manager of the department to drive strategic and tactical decision-making processes at Tugende, supported by data, information and reports. The key functions for this Associate-level position will mainly include;

Generating and managing regular financial and social impact reports for existing and potential investors.

Analysis of financial, credit and social impact data to support Tugende’s strategic decision-making.

Presenting a consistent investor value proposition to Tugende’s investment community.

Research and analysis of relevant market trends and financial conditions.

Managing, monitoring and presenting a relevant summary of investor feedback regarding Tugende’s performance to the Senior Management Team.

The Tugende Corporate Finance Associate will be required to perform the following tasks:


Support the head of department in monitoring and evaluating the organization’s short and long-term sources of funds;

Assess and monitor project funding requirements/forecasts in line with Tugende’s strategic plans;

Prepare prospectuses for fundraising (capital and debt);

Prepare for investor due diligence reviews;

Coordinate between all parties to ensure adherence to timely fundraising processes.

Financial Strategy

Monitoring of markets and macro financial environment;

Support the development of Tugende’s long term financial planning strategies, modeling and monitoring.

Execution of strategy to deliver returns to equity investors.

Financial Analysis;

Undertake financial modeling and analysis relating to financing and investing activities.

Provide investment tactics and recommendations.

Forecast Tugende adherence to lender covenants; Support other departments (operations, special projects) with analysis, research and information requested for their projects, reports and presentations

Create communication materials for presentations to the board and investors.

Investor Relations

Manage investor targeting and tracking systems.

Produce reports for existing and future lenders, equity investors and board.

Assist in preparations for all the road shows and investor conferences both domestically and internationally.

Coordinate onsite and offsite due diligence with investors, including information requests and logistics.

Provide regular feedback to management and other stakeholders on news relevant to Tugende, their concerns, and investment criteria.

Team Development

  • Work closely with the financial operations and accounting team to share knowledge and build skills across finance functions.

Note: This job description gives a general guideline, and therefore does not include an exhaustive list of all duties and responsibilities.



Detailed Skills and Experience requirements

Technical skills:

  • Proficiency in all Microsoft Office applications including Word, Excel and PowerPoint
  • An excellent communicator, passionate educator and strong financial analysis.


  • Prior financial forecasting and reporting experience.
  • Financial modeling experience and understanding of financial statements

Personal Attributes and Abilities:

  • Highly organized and process-driven
  • Ability to communicate and engage externally to represent Tugende and generate investor interest.
  • Ability to partner closely with internal and external stakeholders, providing a dependable presence to move forward complex projects and ideas.

Soft skills that align with Tugende core values:

The preferred candidate must be willing and ready to embrace our shared values at Tugende as a whole:

  1. We operate with empathy and understanding for everyone (Including; Coach and cheerleader, Dignity, highly approachable, and Exceptional customer experience; prioritize the customer’s experience).
  2. We are solutions-oriented (Including; Courage, Being proactive, Operational excellence, and Follow-through and ownership).
  3. We are always growing (Including; Learning, Innovating and striving to improve, Meritocracy; provides opportunity based on merit).
  4. We have integrity in all decisions (Including; Fair / honest, Good judgment, Critical thinking).
  5. We work as a team (Including; being Humble, Dependable and Supportive).

Education/ Qualification:

  • A Bachelor's degree in Finance, Accounting, Statistics, Economics, Business Administration or other relevant field.

Work Experience:

  • At least two (2) years’ experience in the investment banking or corporate finance environment.
  • Strong financial modeling background and the ability to balance analytical modeling and problem solving with conceptual design, communication and presentation.

Key competencies

  • Professionalism: Maintains professionalism when corresponding with partners/investors. In addition, being Empathetic and personable when dealing with Tugende stakeholders
  • Positive Attitude: main a mindset of “getting things done” and finding satisfaction in developing sustainable long-term solutions at all times
  • Flexible and resilient: Willingness to travel, flexible in schedule and work hours, seek direct feedback and see every challenge as opportunity to grow


What will you gain?

Career Trajectory: This is a junior role with significant potential to progress as the company and Corporate Finance function develop. The person in this role should expect to grow with the team and take on increasing responsibilities.

Learning Points: In this position you will be able to learn how to excel in a fast paced, data driven environment. You will learn or build upon your existing knowledge in financial modeling, financial reporting, investor pitching, financial markets research, and communication tailored to specific audiences (e.g. debt vs equity investors). You will also get to build a network of investment and corporate finance professionals and earn the trust to represent the company at events, including international travel.

Meaningful Work: Tugende’s work gives entrepreneurs the tools to earn a living for themselves and their families. We are helping people take control of their economic future and move up the economic ladder. Help be part of this movement!

Great Team: Tugende has a smart, fun, and growing team of 750+ Employees. We take our work seriously but love to joke and have fun. We regularly have fully-paid, voluntary team outings, as well as fun parties for our staff. Our headquarters are in Kampala and we are growing our presence across East Africa.

Hours and compensation: This position is for an ambitious, full-time employee who will take on additional responsibilities and projects as they arise. Tugende offers competitive salaries and benefits that reflect a person’s contributions to the company’s mission and growth.

More About Tugende: Tugende means “let’s go” in Luganda and what you see on the back of a motorcycle taxi. Tugende has recently been recognized with the Financial Inclusion Award at the 2022 African Banker Awards. We have appeared in The Guardian, BBC, Economist. Beyond geographic growth, Tugende's future will include multiple asset finance products and tools to help Tugende reach millions of clients without losing high touch personal support.

Tugende plans to expand to at least 30 locations in Uganda over the next two years. We have also opened our first ten branches in Kenya, with more planned later this year as well as a third country in 2022/23.

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