Job Opportunity for Deputy Manager – Finance at Development Alternatives in New Delhi

Website Development Alternatives

Name of Organisation

Development Alternatives


Deputy Manager – Finance ( Appraisals and Repayments collection)


Graduation Post Graduation


Indian Micro Enterprises Development



No. of Positions



2 – 4 years

Job description

We are actively seeking a dynamic and innovative individual to join our finance team as a Deputy Finance Manager, specializing in Appraisals and Repayments for applicants with no or limited credit history. The successful candidate will play a crucial role in assessing and managing the financial viability of individuals who may not have an extensive credit background. This position requires a creative approach to financial appraisals, a keen understanding of risk mitigation, and effective collaboration with Microfinance Institutions (MFIs), Banks, and Non-Banking Financial Companies (NBFCs).


Onboarding and Capacity building of Field Agents:

  • Identification, due-diligence and on boarding of field agents (Kiosks/udyaME saathis) as per the set SOPs. 
  • Drafting and finalization of contracts of the field agents.
  • Orientation and capacity building of Field agents upon onboarding
  • Managing the field agents and ensuring that targets are met by the field agents.
  • Performance appraisal of the field agents

Financial Appraisals for No/Limited Credit Applicants:

  • Develop specialized financial appraisal methods for individuals with no or limited credit history.
  • Implement alternative creditworthiness assessments, considering unconventional data sources and indicators.
  • Evaluate the potential risks and benefits associated with lending to applicants with non-traditional credit profiles.

Repayment Solutions:

  • Coordinate with field agents and ensure repayment of dues before the deadline 
  • Continuously monitor and track the repayment data provided by MFI/NBFC/Bank Partners
  • Proactively sort and prioritize and identify high risk loan defaulters
  • Implement SOPs in case of non repayment through field agents.
  • Continuously monitor and adapt repayment strategies based on individual financial progress.

Liaison with MFIs, Banks, and NBFCs:

  • Establish and foster relationships with Microfinance Institutions, Banks, and Non-Banking
  • Financial Companies that specialize in serving individuals with limited credit history.
  • Collaborate with external partners to explore innovative financial products and services catering to this specific segment.

Risk Mitigation:

  • Develop and implement risk mitigation strategies that are adaptive to the challenges posed by applicants with no or limited credit history.
  • Stay informed about emerging trends and technologies in alternative credit scoring.

Education and Empowerment:

  • Conduct financial literacy programs to empower applicants with the necessary knowledge to improve their creditworthiness.
  • Provide guidance on building and establishing a positive credit history.

Reporting and Documentation:

  • Maintain accurate documentation of alternative credit assessments and repayment plans.
  • Generate reports highlighting the success and challenges of lending to individuals with no or limited credit history.

Location : Delhi with extensive travel in UP 


  • Bachelor’s degree in Finance, Economics, Business Administration, or a related field. Master’s degree or relevant certifications is advantageous.
  • Proven experience in financial management, particularly in designing solutions for individuals with no or limited credit history.
  • Innovative thinking and problem-solving skills, with the ability to adapt to non-traditional credit evaluation methods.
  • Strong interpersonal skills and the ability to communicate effectively with diverse audiences.
  • Familiarity with technology-driven solutions for assessing creditworthiness is a plus.
  • Ability to work collaboratively in a team and independently when required.
  • Compassion and commitment to financial inclusion and empowerment.

If you are a finance professional with a passion for inclusive finance and possess the creativity to design solutions for individuals with no or limited credit history, we invite you to apply for this impactful role. Submit your resume and a cover letter outlining your relevant experience and approach to addressing the challenges associated with this specific segment.

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