Job Description

Field Executive - Collections Industry: A Fin-tech venture funded by the largest global investors. Led by star leadership Purpose of the role: The collections executives are responsible for leading our collections efforts from customers and will be responsible to ensure the portfolio quality within benchmarks. Manage monthly allocation of recoveries from customers and deliver within the specified targets across buckets. Roles and Responsibilities: High Motivation levels. Should be a self-starter. Need not require micro-management in starting a day at work, everyday at sharp 9:30 a.m. Should have knowledge about the collection process. Excellent communication skills (writing & oral). Should have local knowledge of the city. Fluent in Local Language and must be willing to travel to other cities when required. Spoken multiple languages ability shall be an added advantage (English & Hindi is must). Would require intensive field work and must be willing to work 6 days a week. Ability to handle customers, dealing in recovery from customers, good negotiation skills and must be mobile with own conveyance. Experience and Education Requirements: Graduation must. DRA certification shall be an added advantage. 2 to 3 years of relevant experience. Shall be covered in Mediclaim -3 lacs of family floater policy. Local conveyance reimbursement of INR 4 /km. For travel to other cities or locations within the state, they shall get approved bus/train travel and hotel stay. Benefits: MSME Sector: The MSME sector is poised to be the key to unlocking Indias economic development and rightfully so. The Ministry of MSMEs annual report 2020-21 uncovered that India has approximately 6.33 crore MSMEs that contribute significantly to the countrys productivity and employment. Despite its significance and reach, the struggle to acquire credit has hampered the sectors growth and establishment. A report by the IFC stated that 85% of MSMEs remain underserved in terms of credit, and only one fifth of these financing gaps were fulfilled by formal credit. The contributing factors to this issue are access, cost, and underwriting. Traditional lenders require MSME borrowers to provide credit history, formal records, business vintage, etc, which may exclude many small businesses from the formal lending ecosystem. Moreover, they are dispersed, which brings up a problem of reach and penetration for larger lending institutions. As a consequence, the MSME lending sector in India faced a credit deficit of INR 16 lakh crore. (as of Q1 2020). About Indifi: Indifi Technologies, founded in 2015, is a Gurgaon-based online platform for enabling debt-financing of up to INR 50 lakhs for small businesses. It aims to substantially improve the experience for borrowers regarding the speed of approval and disbursement, the convenience of the loan process, the relevance of the loan product to their business needs and finding the best rates in the market. Driven by the idea of expanding access to MSME financing in India, Indifi has emerged as an enabler for start-ups and small businesses to seek seamless access to funding. Indifis tech-led approach to lending helps analyze data of businesses from various ecosystem sources (partners) and draws insights to judge their credit worthiness. Through its tech interventions Indifi has been successful in making the loan process digital for both lenders and MSMEs by minimizing risk, reducing paperwork, associated costs, while providing a simple and hassle-free experience of setting the businesses on the path to growth. Indifi in media: https://m.economictimes.com/small-biz/sme-sector/indifis-online-marketplace-for-unsecured smehttps://m.economictimes.com/small-biz/sme-sector/indifis-online-marketplace-for-unsecured sme-loans- grows-200-yoy/amp_articleshow/89445279.cmsloans-grows-200yoy/amp_articleshow/89445279.cms https://economictimes.indiatimes.com/small-biz/sme-sector/indifi-technologies-gets-new peoplehttps://economictimes.indiatimes.com/small-biz/sme-sector/indifi-technologies-gets-new people-as- independent-directors/articleshow/92410581.cmsas-independent directors/articleshow/92410581.cms https://www.business-standard.com/article/companies/indifi-technologies-appoints-former sbihttps://www.business-standard.com/article/companies/indifi-technologies-appoints-former-sbi chairman- rajnish-kumar-as-advisor-122042800282_1.htmlchairman-rajnish-kumar-as-advisor 122042800282_1.html https://www.adgully.com/indifi-tech-witnesses-over-a-35-surge-in-credit-demand-in-ongoing iplhttps://www.adgully.com/indifi-tech-witnesses-over-a-35-surge-in-credit-demand-in-ongoing-ipl 118392.html118392.html Products We Offer Industries We Serve Our Achievements Term Loan | Line of Credit | Invoice Discounting | Merchant cash advance Restaurants | Retail outlets | Ecommerce sellers | Healthcare | Traders | Services business 55,000+ loans disbursed | 650+ cities served | 80+ partners | Series D funded Some of our Business Tie ups Customers - SMEs Anchor Partners Lenders High-growth Mid-sized Banks& Non-banking Lenders Early Adopters Access to New segments of borrowers Minimal operating overhead Risk-mitigation options Small Businesses with $200K 4M annual revenue Insufficient or low collateral Working Capital Hungry Availability of Unsecured Credit Product Fit to Business Fast and Convenient process Large Online Aggregators (2000+ SME Reach) Supply Chain Aggregators , Corporates Business Growth through better financed Suppliers/ Customers Additional Monetization Alok\'s views on the Industry, Digital lending, MSME lending: https://www.thehindubusinessline.com/opinion/unlocking-the-potential-of-women-led msmeshttps://www.thehindubusinessline.com/opinion/unlocking-the-potential-of-women-led msmes-through- credit-access/article65277656.ecethrough-credit-access/article65277656.ece https://economictimes.indiatimes.com/small-biz/sme-sector/digital-lending-is-the-future forhttps://economictimes.indiatimes.com/small-biz/sme-sector/digital-lending-is-the-future-for msmes-here- why/articleshow/89397784.cmsmsmes-here-why/articleshow/89397784.cms https://www.businessinsider.in/finance/news/opinion-why-nbfcs-remain-key-to-closing-the msmehttps://www.businessinsider.in/finance/news/opinion-why-nbfcs-remain-key-to-closing-the msme-credit-gap/articleshow/90982403.cmscredit-gap/articleshow/90982403.cms Founders Alok Mittal Alok is co-founder and CEO of Indifi, a platform to expand access to debt financing for Indian SMEs. Alok is a successful first generation entrepreneur based in India. Alok is also a founding member of Indian Angel Network, which is a forum for making angel investments. He last led India operations of Canaan Partners, a premier US based venture capital firm. Earlier, he co founded JobsAhead.com in 1999. JobsAhead.com is the leading e-recruitment business focused on the Indian market, and was acquired by Monster.com recently. Before founding JobsAhead, Alok worked with Hughes software in telecom and internet technologies. Alok is a computer science graduate from IIT Delhi and completed his MS and Management of Technology programs from UC Berkeley. Alok is passionate about creating value through startups! He is also keenly interested in entrepreneurship development in India. He has organized a venture community blog at http://www.venturewoods.org Siddharth Mahanot Siddharth is the Co-Founder and COO at Indifi Technologies Private Limited. Indifi started in June 2015 and is creating a platform to enable access to debt financing for small businesses. Prior to co-founding Indifi, Siddharth has worked for over 14 years with various renowned financial services organizations like IndiaBulls, Edelweiss and Citibank in Credit Underwriting and Risk Management functions. Carries experience in underwriting across various products like Mortgages, Commercial Lending, Secured and Unsecured SME Financing, Small Ticket Housing Finance to informal segment and Microfinance.

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