We believe that the future of Africa will be defined by its leaders and their ability to unleash the incredible potential of the continent.
We believe great education & development is an important part of developing leaders and the biggest barrier to tertiary education in Africa remains access to educational finance.
At African Leadership Finance Company (ALFC), our mission is to provide leaders with affordable & innovative financing for high-quality education.
ALFC has been set up to provide an innovative solution to this problem by introducing Income Sharing Agreements (ISAs) that invest in the future potential of a person’s ability to generate an income.
Under the ISA funding model, ALFC funds students to attend university or receive professional training; in return, the students agree to pay ALFC a fixed percentage of their income for a specific period of time.
ALFC presents a tremendous opportunity for these students, and potentially millions of others denied access to education due to the absence of financing alternatives.
Beyond funding education at ALG’s programs, ALFC has the potential to expand further into funding a broader talent membership, offer the service to other tertiary education providers, create a loyalty program and partnerships with other institutions.
Through offering and serving ISAs, ALFC will enable the youth of Africa to unlock their futures based solely on their potential and not their financial circumstances.
ABOUT THE ROLE
Once the funded students graduate and begin to make their fixed percentage, those contributions are used to fund future students.
The system works well as long as contributions are collected. When discussing ALFC and the ISA with interested parties and investors, the first question we receive is inevitably Yes, but will the students actually pay?
As the Head of Collections your job will be to ensure that they do and thus keep the system working. You will play a key role in ensuring our primary KPI of default rate is kept to a minimum.
At ALFC we believe in blending positive reinforcement through rewarding good behaviors while still maintaining strict standards and leveraging legal tactics where necessary.
You will manage the relationship with the students after they graduate for the full 5 to 10-year commitment that they have with ALFC.
WHAT YOU’LL DO AS THE COLLECTIONS MANAGER
WHAT YOU’LL NEED