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May 11, 2007
eBay's New Startup Microplace Needs SF-based CFO and BD Lead
eBay recently acquired MicroPlace, which is says will soon launch a brokerage service that enables individuals to find microfinance investment opportunities and invest. MicroPlace will accomplish this by maintaining a web-based, eBay-like marketplace to connect retail investors with microfinance entities that need capital.
The company is hiring for a CFO and a Business Development lead.
You'll report to Tracey Pettengill, who's background reads like this:
CFO, ApproTEC/KickStart
Founder and CEO, 4charity
Associate, Robertson Stephens Investment Bank
Consultant, Grameen Bank
Associate, Calvert Ventures
Stanford Business School
Mercer Management Consultant
Dartmouth Engineering
submit applications to jobs@microplace.com
Please submit applications to jobs@microplace.com
Head of Business Development
Job Description
Background on MicroPlace
Microfinance enables financial services to reach the world's working poor, primarily in developing countries. Microcredit, currently the most well known product within microfinance, is the extension of small loans to entrepreneurs too poor to qualify for traditional bank loans or other forms of credit. In contrast to handouts, these small loans (often less than $200) enable the working poor to lift themselves out of poverty through hard work and entrepreneurial spirit. This approach has become a worldwide phenomenon and is widely recognized as a proven, market-driven solution to global poverty. The idea that the working poor can lift themselves out of poverty with dignity appeals to people of all political, social and economic backgrounds.
Responsibilities
You are responsible for building the seller or “supply” side of the marketplace, which includes retail investment listings. This will require you to identify, nurture and close relationships with microfinance organizations that have investment products. And for those who don’t already have products to offer, you will help them to develop investment products suitable for the MicroPlace platform. You will be the key contact with the microfinance world, creating and maintaining relationships with all the major microfinance funds and microfinance institutions world wide. Specifically, you will:
Develop a Business Development (“supply”) strategy
Set investment product (“supply”) projections that generate enough investment listings to meet demand
Develop and maintain relationships with Microfinance Organizations and in the microfinance industry generally
Structure, negotiate and close deals with Microfinance Orgs to list their investment products on www.microplace.com
Qualifications
Successful applicants will be flexible, with both the strategic leadership of a seasoned business executive and the desire to roll up his/her sleeves in the start-up stage of development. Candidates must have deal structuring experience, leadership and communications skills. Specifically,
5 years business development experience
5 years finance experience (investment banking or fixed income experience preferred)
Solid negotiating skills
Passion for and knowledge of microfinance a must
Team Player
Thrives in an entrepreneurial environment
Enjoys intellectual challenge and fast pace
BA/BS degree required, MBA / MS with finance emphasis preferred
Application Process
Please submit applications to jobs@microplace.com
Posted by BT at May 11, 2007 08:11 PM
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