Field Collection Executive

**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.

**Benefits**:

- 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.

**MSME Sector**:
The MSME sector is poised to be the key to unlocking India’s economic development and rightfully so. The

Ministry of MSME’s annual report 2020-21 uncovered that India has approximately 6.33 crore MSMEs that contribute significantly to the country’s productivity and employment. Despite its significance and reach, the struggle to acquire credit has hampered the sector’s 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.

Indifi’s 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.
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**Products We Offer**

Term Loan | Line of Credit | Invoice Discounting | Merchant cash advance

**Industries We Serve**

Restaurants | Retail outlets | Ecommerce sellers | Healthcare | Traders | Services business

**Our Achievements**

55,000+ loans disbursed | 650+ cities served | 80+ partners | Series D funded

**Some of our Business Tie ups**

Customers - SMEs Anchor Partners Lenders
- Small Businesses with $200K - 4M **Large Online Aggregators ** High-growth Mid-sized annual revenue (2000+ SME Reach) Banks& Non-banking
- Insufficient or low collateral **Supply Chain Aggregators, Lenders**:

- Working Capital Hungry Corporates Early Adopters
- Availability of Unsecured Credit **Business Growth through ** Access to New segments
- Product Fit to Business better financed Suppliers/ of borrowers
- Fast and Convenient process Customers **Minimal operating**:

- Additional Monetization overhead
- Risk-mitigation o ptions

**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 inv