Simpa Networks - Chief Finance Officer

Job Title: Chief Financial Officer

Company: Simpa Networks (Simpa Energy India Pvt. Ltd.)

Location: Bangalore or Delhi NCR

Field: Finance

Job Functions - Strategic and operational finance leadership

Summary

- We are a fast-paced, venture backed, mission-driven company that’s addressing the massive market opportunity to sell solar-as-a-service in rural India. We’re building a world-class team committed to changing the way people buy solar. Simpa Networks seeks a forward thinking, industry-renowned Chief Financial Officer. The successful candidate will lead Simpa’s financing strategy, credit and risk function, compliance and accounting.

About Simpa Networks

- Simpa sells solar-as-a-service to energy poor households and micro-enterprises in rural India. The company has a bold mission: to make modern energy simple, affordable, and accessible to everyone. The company is backed by well known global social impact investors.

- Simpa customers make a small initial payment to get a high-quality solar PV system installed. Then it’s simply pay-as-you-go for the energy service. Each payment for energy also adds towards the final purchase price.Once fully paid, the system unlocks permanently and delivers free solar energy. The innovative pricing model is called Progressive Purchase, and Simpa is growing quickly in northern India. Simpa helps its customers transform a daily expenditure for energy into ownership of a valuable asset. The business model is disruptive and highly scalable, re-imagining the value chain for delivering energy access at the base of the economic pyramid.

Responsibilities

- The Chief Financial Officer will be a critical member of Simpa’s executive team and help shape the company’s strategy. The position will report to the President of the company and will be responsible for ensuring that the company is well-capitalized, has a healthy portfolio of assets and is compliant with all relevant legal & accounting laws in India and other markets. Some important duties that will be assigned to the person will include, but are not limited to the following:

Strategic Finance

1. Create the company’s capitalization and fund raising strategy such that it meets the growth projections of the company.

2. Create new and innovative financing structures that meet the needs of a global mix of investors.

3. Lead the process of raising capital through equity, debt, quasi-equity and other structured products from international and domestic investors.

4. Interact regularly with investors and ensure strong relationships with existing & future investors.

5. Collaborate cross-functionally to ensure products are priced to meet customer needs and achieve profitability targets.

Portfolio and Credit Risk management:

1. Design, implement and refine Simpa’s Credit Model so as to ensure a healthy portfolio.

2. Set appropriate portfolio quality metrics and ensure that the balance sheet has the appropriate provisions.

3. Set the direction for the Portfolio & Credit management team and manage a high-calibre team to deliver the required portfolio quality.

Accounting, Compliance and Legal:

1. Recruit, manage and lead a team that will ensure the company is compliant with accounting, statutory and legal regulations.

2. Design and implement robust accounting control processes to protect the company’s assets, while also ensuring that the processes efficiently serve other parts of the company.

Qualifications:

- At least 10+ years experience raising capital for companies operating in the financial services or asset leasing sectors in India and other markets.

- Experience raising capital (>$100 mm ) in the financial services or infrastructure sectors through innovative methods such as structured-finance or project finance approaches.

- At least 5+ years of senior leadership experience with managing a large credit portfolio.

- At least 10+ years of experience in leading the finance and accounting function of a fast growing company.

- Demonstrated excellence in hiring, managing and leading world-class teams.

- High levels of integrity.

- Experience in fast moving entrepreneurial organizations will be highly valued.

Compensation: A combination of cash and stock options, leading to a market competitive package.

How to Apply

Email your cover letter and CV. Please reference “CFO” in the Subject line of your email. We will shortlist candidates and invite shortlisted candidates for interview.

In your cover letter, please tell us what about Simpa interests you, and how you can contribute to our company’s mission.

*Only short-listed candidates will be contacted to set up an interview. We hope to hear from you!

www.simpanetworks.com