We are looking for a person who has already run and established an NBFC, even though it was small.

Job Description : 

Managing Director - (NBFC)

REPORTS TO: CHIEF EXECUTIVE OFFICER

1. JOB PURPOSE :

- To be overall in charge of an NBFC, dedicated to financing rooftop and ground mounted solar solutions for SMEs

- To be responsible for helping to acquire, assessing, and collecting from customers for in-house credit packages that enable them to purchase a rooftop solar or ground-mounted solar system

DIMENSIONS :

- To manage a portfolio of ~ 200 Crores by end FY 21 and grow exponentially from there

- To develop the team to the numbers that are required to assess potential customers, and to administer finance in line with the annual budgeted volume

PRINCIPAL ACCOUNTABILITIES :

- To oversee the setting up of an NBFC that will finance the company's rooftop and ground-mounted solar solutions in early FY 21

- To be overall responsible for compliance with regulations pertaining to establishment and running of the company as a regulated NBFC (by the RBI)

- To oversee all legal matters pertaining to the setting up of the NBFC and to the documentation used by the NBFC to dispense and collect from the customer

- To work closely with the sales teams of the Parent company to convince customers to take finance packages from the NBFC at viable rates of interest

- To develop and effectively deploy the credit assessment tools and procedures that will be used to determine whether a customer will receive credit

- To conduct all credit assessments thoroughly and accurately

- To ensure all customer files are scrutinized for possible fraud

- To develop a team that can conduct due diligence and credit assessment of potential customers, and to effectively manage that team to results

- To review the portfolio sector-wise to determine if we are too over-weight in different sectors, and take remedial action if required

- To administer the finance facility to customers, and to oversee the effective collection

- To work with IT to set up a suitable program which can monitor customer repayment rates, and act proactively to reduce defaults

- In case of late payment, to have an effective program for the rehabilitation of the customer; or in case of default, for removal of the system

- To work with the Finance team on all treasury related functions pertaining to the credit facility

- To work with the Finance team / CEO on securing the lowest possible cost of funds from relevant institutions

- To support the Finance team in examining the potential for the securitization of our solar credit issued to customers; and if possible, to develop such securities as a means of securing the lowest possible cost of funds

EXPERIENCE REQUIRED : 

- A demonstrated track-record as head of an NBFC

- A strong leader and manager; with the ability to manage a large team to results

- Strong and clear communication skills

- Sound commercial knowledge and experience

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