Product Head - Microfinance - Bank

Hiring for Product Head-Microfinance role with a new Licensed Bank in Mumbai

Objective:

- Responsible to manage & develop complete Microfinance business product line, product modules, launches & profitability.

Key Responsibilities:

- Product development for micro lending business and business plan based on them

- Meeting targets of Priority Sector lending (Microfinance), managing existing relationship, sourcing new relationships for wholesale as well as retail lending

- Integration of partner organization systems with bank systems for smooth work flow on customer assets

- Timely credit appraisal of NBFC-MFI and facilitation of Term Loan / Securitization / Buyout facilities

- Regular visits to NBFC-MFI to understand and monitor their business dynamics and potential risk associated with them

- Exploration of new Business Correspondent tie ups and Management of BC tie ups

- Product development, Business Plan development, Human resource planning with budgeted targets, reconciliation of books at back office, managing relationship and compliance to credit bureau like Equifax / High Mark

- Submission of regulatory compliances to RBI and NABARD on timely basis

Candidate Profile:

- Graduate / Post Graduate

- Knowledge of MFI / BC models and direct borrower sourcing

- Ability to work with partner organisations to garner direct customer accounts

- Excellent interpersonal skills, with the confidence to approach people at all levels of seniority

- Ambitious and persistent

- Self-motivated and enjoy working to targets

- Articulate, confident communicator and presenter

- Commercial knowledge to analyse market data and identify new opportunities

- Strong team player, but equally good at taking initiative

- Numerical skills, to manage large budgets