Operations Officer Jobs Opening in SHIKSHA FINANCIAL SERVICES CHENNAI at Anna Nagar, Chennai
Job Description
JD for Operations
1 Scrutinize the loan documents post sanction
2 Send out confirmations to customers post disbursements
3 Track Pending Documents related to disbursement/post disbursement
4 Capitalization of loans in the core Loan Management system
5 Daily MIS on disbursements and pending disbursements
6 Preparation and despatch of Welcome Letters
7 Maintain Collection Register in Excel
8 Collection Entries in Loan Management system and Excel
9 Send ACH files for collections to Bank on the specified EMI dates
10 Send out intimation to Customers towards Reminders, cheque bouncing etc.
11 Send out ACH forms to bank for registration, track rejections etc.More information about this Operations Officer Job
Please go through the below FAQs to get all answers related to the given Operations Officer job
- What are the job requirements to apply for this Operations Officer job position?
- Ans: A candidate must have a minimum of fresher as an Operations Officer
- What is the qualification for this job?
- Ans: The candidate can be a Graduate from any of the following: B.Com, BA, BBA/BBM
- What is the hiring Process of this job?
- Ans: The hiring process all depends on the company. Normally for an entry level, hiring the candidate has to go for Aptitude, GD (If they look for communication),Technical test and face to face interviews.
- This Operations Officer is a work from home job?
- Ans: No ,its not a Work from Home Job.
- How many job vacancies are opening for the Operations Officer position?
- Ans: There are immediate 1 job openings for Operations Officer in our Organisation.
Job Particulars
About Company
Shiksha Finance is India’s premier company that pioneered much needed innovation in the education finance industry in India. We have assisted thousands of students to pursue their hopes and dreams without worrying about funding. We also provided loans to educational institutions to build infrastructure, purchase assets and for working capital.
COVID-19 pandemic and its aftereffects has significantly impacted educational institutions globally. The resulting stress and financial strain faced by these educational institutions have led to stressed repayment in loan accounts and school-based education loans. As a response to these challenges, many companies have made the strategic decision to transition their products from school-based education loans to MSME (Micro, Small, and Medium Enterprises) and micro loans. This shift in focus is driven by various market trends and opportunities, aligning with the long-term goals and vision of these companies.
There has been a growing recognition of the potential in supporting MSMEs and micro enterprises. These businesses play a crucial role in driving economic growth, employment generation, poverty reduction and innovation in many countries. However, they often face difficulties accessing affordable credit due to limited collateral or credit history. By shifting their focus towards MSME and micro loans, companies can tap into a market segment with significant potential for growth and endorse a meaningful and sustainable shift towards performing fundamental roles in a socially responsible manner while diversifying their product portfolio. Thereby, companies can reduce their exposure to a single industry and spread their risk across multiple sectors. This strategic move enhances the company’s resilience and sustainability, ensuring continued growth even in challenging times.
Supporting MSMEs and micro enterprises aligns with the Shiksha Finance’s long-term vision of broader socioeconomic objectives while achieving financial success. It is interesting that forecast of Indian Loan Against Property (LAP) market indicates substantial growth in the coming years. The Compound Annual Growth Rate (CAGR) of the Indian LAP market is projected to be over 14% in value terms to reach USD857.87 billion by FY2026.
Shiksha Finance proudly capitalised on these avenues and launched Small Ticket – Loan against property for MSME’s and other deserving class of customers in April 2021.
The construct of microfinance industry, as well as that of the digital lending industry, is for-profit with a positive social impact. This could be a game-changer in making microfinance a digitally enabled community-banking solution. Every player in the microfinance sector plays a distinct role in the development and growth of financial inclusion within the country and Shiksha Finance has partnered with Federal Bank as Business Correspondent since 2022 for increasing its Financial services outreach and ensuring greater financial inclusion.
Outstanding microfinance loan portfolio is poised to rise 20.3 pc in FY23 in India: MFIN.
