DVP , Information Technology , Lending Domain , NBFC

  • 10-16 yrs
  • Not Disclosed

Job Description

Company ProfileAye Finance was incepted in 2014 with a simple vision of empowering the micro enterprises of India by providing them timely access to adequate business funding to run and grow their business.There are over 60 million micro,enterprises which have struggled with accessing credit from formal lending channels as majority of these enterprises did not maintain formal documentation for their businesses, had no collateral to offer and seldom had prior credit histories. This resulted in a debt gap of INR 16 trillion (IFC Report 2012). We at Aye have designed an innovative "Cluster Based Credit Assessment" underwriting methodology, and various data analytical scorecards as well as psychometric analysis, which allows us to make risk selection even in the absence of traditional business documentation.By leveraging the advancements in technology and through our deep,rooted understanding of various industry clusters across India, Aye has successfully enabled the inclusion of over 2,00,000 micro enterprises having disbursed over INR 2500 crores to them. With a team size of over 3200, Aye has presence in 18 States through its 211 Branches. Continuing its journey of providing affordable financing options to micro enterprises, Aye plans to have covered over 5,00,000 micro enterprises in 5 years.What sets Aye apart from other players in the mix is the "assisted fintech, approach" we use to offer credit to this historically excluded segment. Micro SMEs typically have a scanty digital and financial footprint as compared to their larger market counterparts, making their credit assessment and offering economical line of credit a challenge. While our proprietary, "Cluster Based Credit Assessment" methodology has allowed us to underwrite the risk, we have also designed our customer acquisition process which mirrors the comfort of the Indian micro entrepreneur who is not comfortable transacting on the internet. We have chosen to set up low cost branch networks to deliver a high touch origination experience to him, and to ensure we maintain economies of scale of our small ticket size loans we have used cloud based business process engine and variety of data models, and optimally automated our underwriting and collections processes.This Indianized approach has provided us among the lowest unit cost of loan origination for business lending in India, and a low rate of delinquencies. Our turning profitable within four years of operations is a validation of the success of this approach.Aye Finance is equity,funded by six reputed investors , Capital G (erstwhile Google Capital), SAIF Partners, Falcon Edge, LGT, A91 Partners and MAJ Invest. It also has over a dozen providers who extend their debt funds for its MSME finance business including India's largest PSU as well as private Bank SBI, HDFC Bank & ICICI Bank and leading global foreign investors like FMO, BlueOrchard, Triodos Investment, Symbiotics, Triple Jump and MicroVest.Aye ranked 4th amongst the top 100 Best Places to Work, by Great Place to Work Institute, a globally recognized authority in creating, assessing, and identifying the best workplaces, across the globe. Aye has also been ranked amongst the best workplaces in the NBFC segment and is part of the top 20 best workplaces in the BFSI industry second year in a row.Aye is delivering outcomes that befit a double bottom line , on the one hand, stablishing an efficient, profitable and scalable business and on the other, bringing about a transformative social impact by addressing the disparity in economic privileges of this excluded sector.Role Description:We are looking to hire a self,driven innovator to drive our information Technology strategy and vision. A highly analytical individual, adept at innovatively bringing together technology and business to create a compelling IT unit. The person should value the breadth of responsibility a start,up offers and enjoys building and growing high performance teams.Reporting into: Chief Technology OfficerKey Responsibilities:1) Lead a Team of BAs in translating Business requirements across core applications in to actionable inputs for IT Partners for delivery2) Manage the complete SDLC cycle of business requirements starting with BRDs ,Techno,functional specifications , Development , UAT, Production release3) Conduct Cost Benefit analysis of all major projects recommend a Prioritization Framework for project delivery keeping in mind the business objectives4) Effectively engage with User Group to meet the project delivery objectives and keep them updated on status of various projects5) Create an Application Roadmap for Core applications in line with business objectives6) Drive the IT governance framework on New product development,enhancement and release management7) Ensure technology related issues are addressed in a timely and cost,effective manner8) Lead the Budget preparation existing and New application developments9) Lead the steer com and other engagement framework with key partners10) Lead the production support for all the applications11) Ensure adherence to SLAs12) Institutionalize best processes for effective production support and better stakeholder management13) Manage reporting of dashboards14) Building a high performing teamMust Have :Education : Graduate , Master degree (computers preferred)LOS(origination) and Loan Management System(LMS) experience is a mustSkill Set:, Has good understanding of lending or more domains, Strong knowledge of business analysis, business products, and IT systems. Strong analytical, problem,solving and understanding the big,picture., Requirements Elicitation and Analysis using Visual Modeling, Business Process Modeling, Data Modeling, UML, Use Cases, Flow Charts, Stream,line diagrams, Context Diagrams, Domain Models etc, Working knowledge of Database features, Entities & Attributes, Data dictionary, data rules and DML operations. Ability to understand conceptual, logical and physical data models, SQL query writing involving multiple joins; set operations and sub,queries., Communication (Verbal and Written), Elicitation and facilitation skills, Ability to embrace and understand the change process, Issue , Escalation management, Negotiation,Decision making skills, effective in planning, scheduling and delegation.Other:, Good grasp of Agile methodology, business analysis in Agile; Lending Business Domain experience (Preferred Micro Finance Business), having worked on IT related projects, Has performed Feasibility Analysis, exposure to IT Strategy Road Map assignmentsCompetencies:, Make sound business decision, Embrace Change, Build strong Partnership, Get results, Act Strategically, Lead Cultivate Talent