Chief Business Officer

5+ Years | 1 Opening | Chennai.

Who we are?

Kaleidofin is a neobank for the informal sector, which provides solutions tailored to the customer’s goals and are intuitive to use. We are working towards creating fair and transparent financial solutions that can target millions of customers and enterprises in India that don’t have easy access to formal financial planning.

In a very short time span, global investors such as Oiko Credit, Flourish, Omidyar Network and Blume Ventures have supported Kaleidofin’s well thought out business model with $8 million in seed and Series A funding.

The company won the Amazon AI Conclave award for Fintech, was one of only ten startups chosen for the Google LaunchPad Accelerator program in 2019, was recognised as India’s Most Innovative Wealth, Asset and Investment Management Service/Product by the Internet & Mobile Association of India (IAMAI) and was selected to present at United Nations General Assembly Special Task Force Event.

With its focus to harness mobile technology to deliver a paperless experience as well as its focus to harness technology and analytics to predict the right product for the right customer, Kaleidofin aims to become a leading FinTech player bringing financial solutions to everyone.

To know more about Kaleidofin, do visit our site www.kaleidofin.com

What you’ll Do:

The NBFC is a wholly owned subsidiary of Kaleidofin set up to extend credit to both Individual and MSME customers leveraging the presence built by Kaleidofin across 437 districts spanning 12+ states in the country over last 5 years. Kaleidofin is looking to on board a senior financial services professional, to lead the NBFC as Chief Business Officer Credit. The incumbent must bring significant leadership experience of building lending business ground up and subsequently scaling this up and running it successfully, with holistic stints leading large cross functional teams in both consumer financial services and MSME lending in a pan India role

The Chief Business Officer, Credit would work in close cooperation with the Cofounders and Kaleidofin’s leadership team to formulate overall Strategy and Business Plan for Retail & MSME business lines under the NBFC. She would oversee multiple functions such as Sales, Product, Credit, Strategy, Investor Relations, Risk and overall P&L for the lending business. Further she would look at leveraging and expanding the existing network of investors, lending institutions such as Banks and other NBFC Partners, Originators to develop the ecosystem and build the lending business covering broad spectrum of clients including, but not restricted to, those aligned with the Financial Inclusion mandate of Kaleidofin in both urban centres and rural pockets of the country. The digital platform of the parent shall work in tandem with the NBFC business.

Responsibilities:

The key responsibilities will be to build out the credit business, build a network of partner investors and originators, develop a vision for new asset classes in individual and MSME lending, be a thought leader, take full ownership of credit business targets, meet risk management objectives. The Chief Business Officer – Credit shall also serve as the primary driver of the credit culture and process that ensures a high quality and low risk loan portfolio.

  • Participate in overall management of the firm as a member of the executive team to assist in achieving long- term strategic direction, growth and profitability.
  • Work collaboratively across the firm, specifically with lenders, partners and originators and thereby create ecosystem, to support the credit and sales vision and a team environment.
  • Present credit position to the board of directors and executive team.
  • Identify potential markets i.e. States & UTs and Districts therein and ensure tie ups with partners / originators to get to ready-state a branch network to drive Retail Business Loan/MSME Loan and cross-sell of other financial products.
  • Design and implement a strategic business plan to acquire and expand relevant customer’s base and ensure NBFC’s strong presence over time in these identified markets pan India.
  • Oversee Multiple functions for the NBFC such as Sales, Credit, Strategy, Investor Relations, Risk & Compliance and overall P&L
  • Build and manage the team for the NBFC especially sales & credit organisation in tandem with the parent entity both at HO and regional level.
  • Ensure loan Portfolio quality. Manage, monitor and report loan concentrations with regulatory guidance and internal targets.
  • Oversee new and renewed extensions of credit ensuring compliance with policy and regulations.
  • Ensure proper and correct reporting to the management. Competition bench-marking w.r.t products offered and changing market dynamics
  • Oversee liaison with all regulatory agencies, external accountants, consultants and others as needed.

Who You Need To Be:

The Chief Business Officer – Credit must be a seasoned professional who has extensive experience in generating business results and leading cross functional large teams with effective management skills. The job requires a corporate financial services professional who also has entrepreneurial skills and looks to the future with optimism to envision what could be possible. Success in this role requires collaboration, communication, leadership, and vision.

Master’s degree from a premium business school/university in relevant field such as Business or Finance OR CA/CFA and a minimum of 15 years of progressively responsible direct Retail & MSME lending experience ideally at a NBFC or a commercial bank is a must. Mix of Retail and MSME lending experience is highly beneficial.

If you fit the bill, write to me at hr@kaleidofin.com