Director - Supply Chain Finance (10-20 yrs)

Role: Director - SCF Risk

Experience: 05-10 Years in Risk management and minimum 2 years' experience in supply chain financing

Location: Gurgaon

Job Objective: Setup Risk framework/s and Polices for scaling up the Supply Chain Finance book.

Reporting to: Business Head

Looking for professionals who enjoy zero to one journey and want to setup business from scratch.

Responsibilities:

1. Setup Risk framework/s and Polices for scaling up the Supply Chain Finance book.

2. Create SOPs/Policies for all key processes and lending workflows.

3. In-depth monitoring framework of the credit portfolio to identify risks and own policy changes.

4. Ensure implementation of risk management policies and conduct training that may be required.

5. Regular engagement with anchors to spot red flags, build water tight programs.

6. Cohesive working with various internal stakeholders; Sales, BD, Operations, Compliance.

Candidate profile:

1. CA/MBA (T1 & T2)

2. Candidates working in Risk Advisory, Governance Risk & Compliance functions of large audit consultancy firms will be preferred.

3. Comfortable in working in a fast evolving and agile environment.

Company Profile:

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 analyse 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.