Chief Financial Officer - Microfinance

Reporting to: Managing Director

Qualification: Qualified CA / MBA Finance from a Top Business School

Fund Raising & Treasury Management:

Drive the acquisition of debt and equity based capital for facilitating the company's growth, in the context of optimizing the company's cash usage, capital structure and its cost of capital by:

- Exploring innovative capital instruments and structures, e.g. structured finance arrangements, a variety of bonds and possible securitization vehicles;

- Optimizing the company's Weighted Average Cost of Capital (WACC) by driving a balance between equity and debt related funds and off-balance sheet funding;

- Ensuring that the individual is fully abreast of developments in the capital markets including developing a thorough understanding of the regulatory and compliance environment;

- Effectively deploy and manage strong processes and controls around cash movement and cash deployment, given the significantly distributed nature of the company's branch network across the rural landscape.

- Drive and ensure working-capital management processes and controls;

Financial Budgeting & Business Planning:

Drive towards creating a central and integrated business planning process, in the context of the current environment where individual business unit plans are not cohesively aggregated and integrated, thereby making it difficult for leadership to view the corporate impact of plan changes at the business unit level. The individual will achieve this by:

- Developing models which would allow individual business unit changes to - flow through- to the corporate business plans;

- Possibly deploy budgeting / business planning applications that will allow leadership and business unit managers to collaborate on building a cohesive company wide plan;

- Developing a variance reporting mechanism that will allow leadership and business unit managers to proactively respond to changes in their businesses.

- Oversee and manage all capital expenditure based on appropriate Return On Investment and any other return on capital measures or metrics as required of the business

- Risk management including assessment, develop strategies to manage it and mitigation of risk using managerial resources.

- F&A Team Leadership and Relationship Management:

Provide leadership to the F&A team in the context of a rapidly growing and evolving organization by:

- Building upon the F&A team's existing capabilities and augmenting F&A resources, as required;

- Developing robust and financial and management reporting capabilities focusing on timely and accurate financial reporting;

- Ensuring that the team has the knowledge, skills and systems necessary for meeting all the regulatory reporting requirements and compliance aspects related to the company's business;

- Build world-class controls and implement a financial governance mechanism in line with best-practices for the company's businesses.

- Build the organization's relationships with industry and banking communities; with regulatory bodies such as RBI, commercial banks and the investor community.

Work Experience:

- A minimum of 10-15 years of managerial and professional experience in of which at least 5 years must be in leading the finance function of a high quality financial services firm, having a large distribution capability, including banks, asset management companies and NBFCs.

- A qualified Chartered Accountant.

- Recent or current experience, with exposure across the full array of financial functions including fund raising, treasury, cash management, working capital management, corporate finance, control, audit, financial planning & analysis and investor relations.

- Experience in deploying systems, processes and controls to effectively manage the same within a large branch / distribution channel network.

Personal Characteristics:

- A mindset where the individual can feel and live the mission of the company and be a strong champion and believer in the power of microfinance and its role in poverty alleviation. In essence, an individual who can be an excellent cultural fit and help drive the overarching mission of the company.

- A team-oriented individual who can be a part of the consensus driven & participative management.

- Ability to view & gauge the intrinsic value of the microfinance business.