Established in 2008, Geidea epitomizes customer focused empowerment and commercial success through continuous innovation.
Geidea makes best in class digital payment solutions available for all by attracting and leveraging the best creative & entrepreneurial talent in the market.
Our solutions give any business the chance to get ahead and reach for more no matter their size or maturity.
Our technology mirrors our people - Smart, Innovative & Forward Thinking
www.geidea.net
To maintain competitive advantage as we grow, we are currently looking for a new General Manager - Lending Business.
Job purpose:
Build and lead a profitable lending business in Egypt, initially serving merchants in the payments partner’s existing network. Own the venture’s P&L and loan-book quality, establish the executive team, and represent the business with regulators, banks and commercial partners. The long-term ambition is to establish a licensed digital bank.
Responsibilities:
- Set the strategy with shareholders and own the business plan, budget and capital allocation; recommend expansion decisions using evidence on returns and risk.
- Lead regulatory engagement with the FRA for applicable non-bank activities and with the CBE on digital banking; oversee licensing applications and supervisory follow-up.
- Secure funding and build distribution relationships with banks, institutional funders, merchant acquirers and anchor buyers; negotiate credit lines and commercial agreements.
- Own credit performance from underwriting through recovery; set risk-based pricing, approval limits and exception rules with the risk lead, and review arrears and scorecard performance.
- Build and lead the executive team across commercial, risk, finance and treasury, compliance, product and technology, and operations and collections.
- Oversee the lending lifecycle from application and disbursement to servicing and collections; ensure reconciliation, borrower-data protection, fraud and AML controls, clear terms and complaint resolution.
- Agree the pilot design with the Board, including lender of record, funding source, risk limits, credit decision rights, receivables ownership, loss allocation and first hires.
Qualifications:
- Executive-level experience as a CEO, managing director or business head in a bank, non-bank lender or lending fintech, with ownership of a lending P&L and loan book.
- Demonstrated ability to quantify portfolio growth, profitability and credit losses, and to explain decisions taken when arrears increased.
- Established senior relationships with regulators and financial institutions in Egypt; experience with licensing or supervisory reviews.
- Track record of negotiating funding facilities and commercial partnerships that generate borrower distribution.
- Experience building multidisciplinary lending teams and launching or scaling merchant, microfinance or SME portfolios.
- Ability to challenge credit scorecards using payment and bureau data and assess buyer risk, recourse and factoring economics.
- Experience building a lender from inception, leading consumer finance or preparing a digital-bank license application is especially valuable.
Our values guide how we think and act - They describe what we care about the most
Customer first - It’s embedded in our design thinking and customer service approach
Open - Openness allows us to constantly improve and evolve
Real - No jargon and no excuses!
Bold - Constantly challenging ourselves and our way of thinking
Resilient – If we fail, we bounce back stronger than before
Collaborative - We know that we can achieve a lot more as a team
We are changing lives by constantly striving for a better solution
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