Accion International

  • Director, Digital Financial Products

    Posted Date 2 months ago(3/15/2019 11:59 AM)
    Job ID
    1961
    Company
    Accion - based in Asia Region
  • Overview

    About Accion:

     

    Accion is a global nonprofit committed to creating a financially inclusive world, with a pioneering legacy in microfinance and fintech impact investing. We catalyze financial service providers to deliver high-quality, affordable solutions at scale for the three billion people who are left out of – or poorly served by –  the financial sector. For more than 50 years, Accion has helped tens of millions of people through its work with more than 110 partners in 50 countries. More at http://www.accion.org.

     

    About Global Advisory Solutions:

     

    Combining cutting edge innovation and a deep understanding of client need, Accion’s Global Advisory Solutions team offers our partners and the industry unique and strategic insights and operational expertise grounded in decades of hands on support to leading Financial Service Providers (FSP).

     

    We leverage innovations in financial services to lower cost and increase quality at scale, helping to build sustainable institutions focused on serving the financial needs of underserved individuals and small businesses. Bringing customer centric, data-driven, tech-enabled solutions and tools, we deliver advisory support through 5 key service offerings: Growth Strategy and Planning; Customer Strategy and Product Development; Digital Channels; Risk and Credit Analytics; and Business Processes and Operational Efficiency.

     

    We have been growing rapidly and are seeking to strengthen our capacity to deliver exciting new projects, such as the recently announced partnership between Mastercard and Accion to bring digitally enabled financial services to over 10 million micro businesses globally.

     

    Position Summary 

     

    The Accion Global Advisory Solutions team is seeking a Director, Digital Financial Products who is passionate about re-imagining the delivery of financial products to underserved customers in today’s digital society. The successful candidate will be tasked with spearheading the creation of innovative, scalable and fit-for-purpose financial products that respond to customer needs, such as credit and savings in emerging markets. The candidate should have experience working with and building financial products and should have significant exposure to and understanding of regulatory and compliance requirements.

    Responsibilities

    The role will require you to be able to develop for our partners a digitally enabled product portfolio strategy and roadmap and for each prioritized product, develop the lifecycle from identifying user needs, planning the business case to creating products and services that are valuable, usable and feasible. You will need to distill, document and bring to fruition a digitally enabled financial services product vision using the latest and best practices across product planning, customer centricity and product development. Specifically, the incumbent will be required to:

     

    • Consult with client’s business partners on key product features and the impact to business lines, operations and technical infrastructure based on prior experience.
    • Develop integrated product definition – from user experience through to reporting and compliance and lead the consulting team’s work with our partners’ product development teams.
    • Conduct market and competitor analysis to assess market need and ensure products are competitive.
    • Develop the go-to-market strategy for the product, working with key subject matter experts on for example Risk Models and Scorecards and Credit Methodology.
    • Lead the definition of product features and associated business requirements, using iterative product development techniques.
    • Ensure the product design is scalable both operationally and technologically.
    • Work with the technology team to understand the impact of the product design and its functionality on the banking platforms and supporting infrastructure.
    • Work with the partner organization’s marketing team to develop appropriate marketing techniques. Recommend changes to marketing models in the partner organization.
    • Build product business cases and models to determine the feasibility of product ideas, including key performance indicators and other objective metrics.
    • Influence stakeholders through ongoing communication and advocacy to build cross-functional buy-in and commitment to a shared product vision.

     

    In addition, support Accion Global Advisory Solutions’ business development efforts by:

    • Developing proposals for agreed projects for donors, investee-portfolio clients and non-investee clients.
    • Representing Accion Global Advisory Solutions team at events through speaking engagements, in line with GLAS Industry Engagement strategy to ensure business development opportunities are being identified and followed through.

    Qualifications

    Experience Required:

    • 7-10 years of professional experience (ideally within Consumer Financial Services) with 3-5 years focused on Marketing and Product Development.
    • Previous work experience at a digital banking, digital financial services or a fintech.
    • Demonstrated success working on B2C products.

    Skills and Qualifications:

    • Passion towards social sector and keenness towards technology-enabled business models.
    • Expert on leveraging design thinking and other modern forms of product planning, customer discovery, product-discovery, product development process and execution 
    • Strong analytical, business, project management, and organizational skills 
    • Entrepreneurial and commercially minded, highly creative, and able to innovate quickly 
    • Passion for data, testing, and building a world-class customer experience
    • Have an innovative mind-set and fresh perspective to the design and development of new and existing business models to support clients in achieving break-through results.
    • Excellent multi-tasking skills with a positive, can-do attitude and an approach of “no job is too small or big”.
    • Ability to structure and scope complex problems and apply a range of analytical tools to develop solutions. 
    • Ability to study and quickly understand business processes, team dynamics and customer needs.
    • Team player and ability to work in semi/un-structured environment
    • Openness to new ideas and willingness to take risks
    • Willingness to learn the developments in fintech and financial inclusion domain
    • Willingness to travel nationally and internationally (30-40%)
    • Ability to create visually appealing presentations.
    • Excellent project and people skills, especially in multi-cultural environments.
    • Excellent verbal and written communication skills, especially in English. Spanish and/or French a bonus.
    • MBA or equivalent Master’s level degree desired.
    • Interested in our mission and working globally.
    • Willingness to embody our values of excellence, respect and passion for social change.
      • Excellence: Accion staff should always put forth their best effort in all activities, strive for high quality of collective and individual performance; and demonstrate honesty and integrity at all times while in the workplace and while working on behalf of the organization.
      • Respect: Accion staff should value one another’s roles and responsibilities as much as their own, be encouraging, and value the diverse and unique perspectives of colleagues. They should honor obligations and commitments to each other and to external partners.
      • Passion for Social Change: Accion staff should be committed to making a difference in the lives of those less fortunate, value the greater good of the organization over personal gain, and promote a productive workplace by acknowledging the accomplishments of others. 

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