Madura Microfinance Recruitment 2020

Madura Microfinance Recruitment 2020 | Divisional Manager/Treasury Manager/Deputy Manager – Accounts | Graduate | September 2020 |

Organization Name :- Madura Microfinance

Madura is a leading NBFC-MFI providing unsecured microfinance loans to women self-help groups in the rural and semi urban areas. We have been one of the pioneers of this socially and financially inclusive movement in rural India, facilitating access to low-cost capital. Our 450+ branch network covers 7 states – Tamil Nadu, Karnataka, Maharashtra, Kerala, Odisha, Bihar and West Bengal.
Madura provides a fast paced environment with opportunities for growth and impact at various levels. We seek people who are passionate about transforming underserved communities, are high energy, technology savvy and willing to travel into the remote interiors of the country.

Organization Website :-

Positions :- Divisional Manager/Treasury Manager/Deputy Manager – Accounts

Job Location :- Chennai

Salary :- Not Disclosed by Recruiter

Eligibility Criteria :-

Divisional Manager :

Role & Responsibility :

The incumbent would work closely with the Business Head to achieve the growth strategy of the Organisation.  He would be responsible to conceptualize, recommend and thereafter execute the strategy to achieve business goals for the assigned regions.  

  • Review business in the assigned regions on a monthly basis and support in bridging performance gaps- retention of members, sourcing as per target in a business plan and on time collection & ensure collection efficiency as per agreed target.
  • Monitor & execute the expansion plan by working closely with the Zonal Manager & Function heads in a timely manner. Would involve travel to the respective regions for an understanding of the market and drive recruitment, training & compliance and ensure implementation of Madura’s processes on field.  Report periodically progress of the plan.  
  • Enabling technology implementation & process compliance and audit rating score for all branches to be monitored.  

 Candidate Profile :

  • The incumbent must be from the MFI sector or NBFC – (should have managed small ticket loans or retail loans) with at least prior 10 – 12 years’ experience in business expansion and growing portfolio thereafter.  
  • Should have experience managing a team of at least 2 layers of field managers.   
  • Data-driven and analytical bent of mind – Understands technology and has an appreciation for data and information flow. 
  • Ability to work with a broad cross-section of functions and at various levels.  
  • Willing to travel extensively across the state.

Treasury Manager :

Role & Responsibility :

The incumbent would work closely with the CFO and would be responsible to manage the entire treasury operations, fund forecasting, liquidity management and risk management for the Company.

  • Develop and implement strategies to address various funding and liquidity risks and provide periodical updates to the Management.
  • Design key treasury policies such as capital structure, liquidity management, risk management etc. and ensuring maintenance and implementing all treasury related processes.
  • Manage day-to-day treasury activities such as cash flow management, long-term and short-term investment and risk management.
  • Raising funds in the form of bank loans, securitizations, assignments, NCDs, subordinated debt, commercial papers. Structuring and negotiating terms of a transaction.
  • Preparing presentations, reports, returns, statements related to Banks /RBI.
  • Coordinating with third parties like MFIN, Rating Agencies and other vendors.
  • Coordinating with MIS/ Operations/ Audit and other team on the issues relating to due diligence and risk assessments.
  • Timely completion of fund related compliances and reports with RBI, Lenders and Investors.
  • Ensuring regulatory compliances applicable for NBFCs.
  • Managing strong relationships with diversified lender base of Banks (Public & Private), NBFCs, etc.
  • Initiating new relationships with the lenders and handing queries, meeting etc.

Candidate Profile :

  • The incumbent must be an MBA Finance/CA/ ICWAI with over 10 year relevant experience in Treasury Operations of NBFC/ Micro-Finance Companies.
  • Ability to prepare a proposal and other related reports as per funding requirement of the Company for Equity, Term Loan, Working Capital loan.
  • Excellent interpersonal relationship building and ability to liaison.
  • Strong analytical skill with good command over financial ratios.

Deputy Manager – Accounts :

Role & Responsibility :

The role holder is responsible to manage full life cycle of accounts and vendor ageing. Handling of indirect taxation incl. GST inclusive of timely & correct generation of data, key reconciliations, timely filing of returns & deposits of taxes, compilation of data for assessments & replies to notices including handling of ongoing tax matters.

  • Bank reconciliation on day to day basis & reconciliation of bank statement.
  • Service tax Return/ refund proceedings/ Commercial Taxes.
  • Responsible to scrutinize ledger & timely filing of TDS and service tax returns
  • Ensure compliance to all statutory regulations
  • Support various audits undertaken by the company

Candidate Profile :

  • B.Com graduate/MBA in Finance with experience of 4 – 6 years in accounts/finance firm
  • Strong knowledge in TDS e-filing, quarterly returns (24/26Q) & form16/16A.
  • GST Rules & RCM & GST Input Credit & GST Expenses, GST Return inward/Outward/GSTR3B, 2A, GSTR1 Payments.

Apply Link :- Click here

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5 thoughts on “Madura Microfinance Recruitment 2020”

  1. Avaneesh Tiwari

    Dear concern

    I am working in Fullerton india Credit company limited as a Branch Manager and previously in Satin Credit care as a Branch Manager. I am having 7 years of experience of sales and Distribution at different posts. Now I am searching for Area Manager and equivalent in UP location.

    Please consider for same and give me an opportunity to proof myself in this organization

    Avaneesh Tiwari
    Mob. – 7880805892/9569588794

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