Spandana Sphoorty Financial Limited

Job Description: Management Trainee

Business Financial Services (NBFC)
Business Type Micro Finance Industries
Company Spandana Sphoorty Financial Limited!
Unit SSFL
Location Hyderabad- Head office
Department Finance Department Head FC
Designation of the
Employees (During
Probation)
Management Trainee Role Accounts
Designation of the
employees
(Completion of Reporting
Probation) Assistant Manager Manager Sr. Manager
Compensation
Probation Period 1 year Range (CTC) 5 LPA
No of positions Need to confirm Qualification MBA+BCOM
About the MFI Industries:
Microfinance in India is defined as small collateral-free loans given to individuals
belonging to households (husband, wife and their unmarried children) with an annual
income of less than ₹3 lakhs. There are two models of microfinance in India – Joint
Liability Groups (JLG) & Self-Help Groups (SHG) both of which together have a total
portfolio outstanding of about ₹5.5 Lakh Crore. Of this, JLG based loans account for ₹3.5 L
crore and the balance is through SHG’s. The banking sector, through JLG based
microfinance, serves the needs of about 7 Cr unique borrowers across the country.

About the Spandana Sphoorty Financial Limited:

Our journey started in 1998, for us, it has always been about ways to empower women,
ways to give wings to her entrepreneurial aspirations, ways to give her financial
independence, ways to give her financial security. And importantly… ways to uplift
communities.

'WE'! at Spandana
Signifies Collaboration | Indicates Togetherness | Means you and us as a group.

We also stand for Women Empowerment and Women Entrepreneurship!

Our micro-loans, designed specifically for women borrowers, have helped uplift the lives
of millions of households that used these loans to acquire assets and to enhance their
incomes. The convenience of door-step delivery of financial services to our customers
have saved innumerable man-days spent visiting a bank which, most of our customers
were not at ease with. Our customers also get freedom from the exorbitant interest rates
charged by a local money lender. We rely on the social underwriting of loans aka., the JLG
model of microfinance, thereby giving our borrowers an opportunity to start from scratch.

Our loan products are designed keeping in mind the evolving needs of our customers while
also ensuring that they are sustainable for borrowers. Most of our colleagues are from the
same socio-cultural background as our borrowers which provides a degree of comfort to
our borrowers. All this, just to ensure that our customers and the communities that we
operate in, prosper. Our ambition is to be the wind beneath the aspirational flight of our
customers.
Job Purpose:
The job purpose for a Management Trainee in the role of accounting is to provide
individuals with a structured and comprehensive training program to develop their skills,
knowledge, and expertise in the field of accounting and financial management. This role is
designed to prepare trainees for a successful career in accounting by equipping them with
the necessary skills and experience to contribute effectively to an organization's financial
operations and reporting.

Job Description:

Key Responsibilities:

 Day to day accounting entries (recording of AP and AR transactions).

 Preparation of GL schedules.
 Assistance during monthly/quarterly closure of books of accounts
 Direct/ Indirect Tax compliance

Requirements:

 Clear communication in English both written and spoken.

 Ability to work under strict deadlines, Eagerness to learn new things.
 Ability to work under pressure.