PARFI - Specialist - Skill Loan Financing & Financial Inclusion

PanIIT Alumni Reach for India Foundation (PARFI), a not-for-profit section 8 social enterprise, is committed to execute and scale self-sustainable business models that enhance incomes of the underprivileged sections. PARFI is managed by PanIITian professionals and domain experts and is overseen by a advisory board of PanIITians and invitees from various walks of life including corporate, Academics. Mr. Hari Padmanabhan, Chairman, PanIIT Alumni India and Mr. Ashank Desai, Immediate Past Chairman, PanIIT Alumni India are non-executive directors and Mr. Kris Gopalkrishnan, CEO & MD, Infosys is executive sponsor.

The organization is run by full time professionals consisting of IITians, non-IITian domain experts. The Organization is funded by PanIIT Alumni Network, NABARD, social investors and Government agencies.

Opportunity to apply business principles in the challenging social space by working with funding partners, social investors & Government agencies:

PanIIT Alumni Reach for India provides a unique platform to work through, connect and collaborate with passionate individuals and mission driven organizations keen to strive for enhancing incomes of under-privileged. We have forged strong relationships with organizations like Confederation of Indian industry, NABARD and PanIITians (CXOs, IIT- IAS officials, NGO founders and others) of the network who contribute their might to ensure a scaleable, sustainable social enterprise focused on economically deprived. We also seek the support social investors and ensure that they get maximum social return on their investment. PanIIT has 100% Skill Loan Financing model to ensure the deprived section of the society which enrolls in our skilling programs are given loan support. The role entails constant and consistent engagement with these key stakeholders to ensure the current potential to scale is realized in to social and financial performance.

Job content: PanIIT Alumni Reach for India's skill initiative works on building captive finishing school for corporate clients that are willing to absorb students on an on-going basis. Thus, it builds dedicated skilled manpower for the clients at no cost to them as the students get 100% micro-financing to fund their training. The candidates are by definition, BPL students who are school drop-outs and currently engaged in unskilled, daily wage labor. Thus, jobs are assured upfront and then unskilled candidates sourced and trained. Sevak, Financial Inclusion is responsible for seeking funding partners and engaging with them to ensure 100% financing for the candidates.

We are looking for motivated individuals who have in them a spirit to give back to their country. To such self-motivated individuals the job can offer following benefits: -

- Satisfaction of reaching for India and for underprivileged Indians

- Experience of rural India - The future market place of the world

- Be part of the journey in making of one of the most unique developmental models ambitious scale that country like India demands

- Interaction with some of the most distinguished corporate/non-corporate leaders and working closely with the founding team

- Unique experiential learning by applying corporate principles to social space

Designation: Specialist

- Eligibility: Minimum 5-8 years of experience in financial institutions such as Commercial Banks, Cooperative Banks, MFIs, NABARD, NABFINS, SIDBI, or other NBFCs.

- Educational Qualifications: MBA (Finance) / MBA (Rural Management) /CA/B.Tech

Location: Delhi/Jharkhand/Bhopal

Salary: Compensation will not be a constraint for the right candidate. But it will be based on principles of social entrepreneurship and performance.

- Lead and manage a high-performing credit vertical team of 15-20 professionals, fostering a collaborative and results-driven environment that aligns with organizational goals.

- Develop and nurture strategic, front-end relationships with CXO-level leaders at banks, NBFCs, and financial institutions, ensuring seamless coordination and timely loan disbursements through proactive engagement.

- Coordinate closely with regional credit agencies to oversee and optimize the entire credit lifecycle, ensuring efficiency, transparency, and adherence to best practices at every stage.

- Conduct comprehensive sector, center, and transaction-level assessments; utilize portfolio analytics and credit risk analysis to inform decision-making, and engage banking partners for constructive feedback and actionable recommendations.

- Review and validate payment schedules and loan agreements with meticulous attention to detail, guaranteeing completeness, accuracy, and full compliance with agreed policies.

- Monitor and report on loan approvals and disbursements, delivering clear, timely updates to both internal teams and external stakeholders for enhanced transparency and trust.

- Prepare and present impact reports for external stakeholder communication, effectively articulating the social and financial outcomes of credit initiatives and amplifying the foundation's mission to diverse audiences