About Balancehero
Balancehero India Pvt. Ltd. (BHI) is the wholly owned subsidiary of Balancehero Co. Ltd., Korea, which operates the mobile app True Balance a one-stop destination for financial services.
Founded by Charlie Lee in Korea in 2014, Balancehero began operations in India in 2016 as a balance check application. Since then, it has evolved into a comprehensive financial services provider, building a platform for the next billion, offering loans, utility services, pay-later options, and commerce services.
BHI's wholly owned subsidiary, True Credits Private Limited, is a licensed NBFC committed to bridging India's financial gap by making credit accessible to all.
About True Balance
True Balance, owned and operated by the BalanceHero Group, is an RBI-authorized Prepaid Payment Instrument (PPI) issuing entity. Through its subsidiary True Credits Private Limited (RBI-licensed NBFC) and other RBI-approved partners, it offers a range of financial services, including instant loans, utility bill payments, and mobile recharges.
Launched in India in 2016, True Balance has grown into one of the country's leading financial services platforms, with more than US$84 million in equity funding from marquee global investors such as SoftBank, Naver, and Line. Its mission is to become the go-to financial platform for the next billion Indians, supporting the Digital India initiative and driving financial inclusion for the unbanked and underbanked.
Website: www.truebalance.io
Job Description:
Treasury- Debt funds raising + end to end executions of documents
Banking Operations
- Debt funds from banks, and other financial institutions (India or overseas) through term loans, NCDs, commercial papers, and other instruments. Negotiations and closure on documents with the lenders.
- Debt Management: Track debt covenants, ensure timely interest payments, and maintain compliance with loan agreements.
- Bank Relationships, FX Management
- Automation and Process Improvement
- Regulatory Reporting- Ensure timely and accurate submission of RBI and other regulatory reports, including ALM, CRAR (Capital Adequacy), and other compliance documents.
- Risk Management- Assist in hedging strategies to mitigate interest rate, currency, and liquidity risks. Ensure adherence to internal risk policies.
- Internal Controls and audit support
- Understanding of legal covenants / funding documents and can negotiate and execute the documents
MIS and Reporting
- Cash and Liquidity Management- Assist in tracking daily cash positions and ensure efficient fund management across all accounts, ensuring NBFC has sufficient liquidity to meet loan disbursements, operational expenses, and investment needs.
- Short-term Investment and manage surplus funds through money market instruments such as commercial papers, certificates of deposit, and government securities.
- Manage the company's investment portfolio, ensuring adequate returns while mitigating risks in accordance with the investment strategy.
- Cash Flow Projections- Prepare detailed short-term and long-term cash flow forecasts, ensuring alignment with business needs such as loan disbursements, operational expenses, and investment outflows.
- Produce timely and accurate reports on liquidity, funding, debt, and investments for management and regulatory bodies.
- Other treasury activities, funding plans, treasury strategy and financial risk management.
Roles & Responsibilities:
- Strong ability to analyze financial data and provide insights for decision-making.
- Communication and presentation Skills: should be able to represent company to the lenders in effective way
- Good Excel/ PPT skills
- Problem-Solving: Ability to identify and resolve issues related to payables and cash management effectively.
- Time Management: Ability to handle multiple tasks and prioritize effectively to meet deadlines.
- Start up experience will be better
Required Experience:
- Experience- 8 to10 years (Keeping flexibility for right candidate) years of experience in fundraising and executions, with a preference for experience in NBFC, banking, or financial services.
- CA (Chartered Accountant) or MBA
- 8 to 10 years of experience in finance and treasury
- Banking/NBFC relationships
- Working experience in NBFC/digital lending/fintech business
