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    MT-2023-24 - Finance (Accounts)

    Uploaded by

    Subhashree Sahoo
    The document provides a job description for a Management Trainee position at Spandana Sphoorty Financial Limited in Hyderabad, India. The role is an entry-level accounting position with a 1-year probationary period and 5 LPA compensation. Key responsibilities include daily accounting entries, preparing general ledger schedules, assisting with monthly/quarterly closures, and tax compliance. Qualifications required are an MBA with BCOM degree and strong English communication skills.

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    MT-2023-24 - Finance (Accounts)

    Uploaded by

    Subhashree Sahoo
    18 views3 pages
    The document provides a job description for a Management Trainee position at Spandana Sphoorty Financial Limited in Hyderabad, India. The role is an entry-level accounting position with a 1-year probationary period and 5 LPA compensation. Key responsibilities include daily accounting entries, preparing general ledger schedules, assisting with monthly/quarterly closures, and tax compliance. Qualifications required are an MBA with BCOM degree and strong English communication skills.

    Original Description:

    Finance notes of mba 2nd sem

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    The document provides a job description for a Management Trainee position at Spandana Sphoorty Financial Limited in Hyderabad, India. The role is an entry-level accounting position with a 1-year probationary period and 5 LPA compensation. Key responsibilities include daily accounting entries, preparing general ledger schedules, assisting with monthly/quarterly closures, and tax compliance. Qualifications required are an MBA with BCOM degree and strong English communication skills.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    18 views3 pages

    MT-2023-24 - Finance (Accounts)

    Uploaded by

    Subhashree Sahoo
    The document provides a job description for a Management Trainee position at Spandana Sphoorty Financial Limited in Hyderabad, India. The role is an entry-level accounting position with a 1-year probationary period and 5 LPA compensation. Key responsibilities include daily accounting entries, preparing general ledger schedules, assisting with monthly/quarterly closures, and tax compliance. Qualifications required are an MBA with BCOM degree and strong English communication skills.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 3

    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.

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