Snapmint is hiring for a fresher entry level Data Analyst role

Position:

Data Analyst (Fresher)

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Company:

Snapmint

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Location:

Bengaluru, Karnataka, India

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Job Type:

Full-time

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Job Mode:

On-site

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Job Requisition ID:

Not specified

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Years of Experience:

Fresher (0-2 years)

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Company Description:

• Snapmint is a pioneering financial technology company committed to democratizing the concept of no/low-cost installment purchases for the next 200 million Indian consumers.
• While India has approximately 300 million credit-eligible individuals, only about 30 million actively use credit cards. Snapmint aims to bridge this gap by offering a seamless installment payment experience without the need for a credit card.
• Launched by a dedicated team of bankers and technocrats from IIT Bombay, Snapmint has rapidly expanded its reach to over a million customers across 2,200 cities in India.
• The company has facilitated more than ₹200 crore worth of purchases in a short period of time.
• Snapmint received its NBFC license from the Reserve Bank of India in 2019, a key milestone in their journey to empower Gen Z consumers by making Zero Cost EMI accessible for online shopping.
• The company partners with over 700 consumer brands and has seen close to 25 million downloads of its app since its launch in 2019, making it a major player in India’s fintech space.
• Headquartered in Mumbai, Snapmint is dedicated to creating a credit ecosystem that is inclusive and empowers consumers to achieve their financial goals without the burden of high-interest rates.

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Profile Overview:

• This position is an entry-level opportunity for a Data Analyst to join Snapmint's dynamic team, particularly working closely with the founders.
• The Data Analyst will be an integral part of the team and responsible for analyzing key financial data, conducting thorough due diligence, and supporting the company's strategic initiatives.
• You will be required to develop financial models, provide variance analysis, and report on the company's financial performance.
• You will interact regularly with Snapmint's management team, offering valuable insights to drive business growth and performance.
• The role also involves analyzing various risks based on both qualitative and quantitative information, helping guide financial strategies to ensure Snapmint continues its rapid growth trajectory.
• The Data Analyst will be expected to collaborate across teams, ensure compliance with internal reporting standards, and present findings in a concise and actionable manner to senior management.
• The ideal candidate will be comfortable with financial forecasting, trend analysis, and will work directly on the company’s strategic initiatives to enhance business and financial outcomes.
• The role offers a unique opportunity to contribute to a cutting-edge fintech company that is revolutionizing the credit system for millions of underserved consumers across India.

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Responsibilities:

• Conduct both qualitative and quantitative business analysis to identify risks and opportunities in the company’s financial structure.
• Assist in the preparation of monthly, quarterly, and annual financial reports for key internal stakeholders as well as regulatory authorities.
• Perform variance analysis to compare actual financial performance against forecasts and provide detailed explanations for any discrepancies.
• Develop comprehensive financial models for various business scenarios and evaluate the financial impacts of strategic decisions made by Snapmint.
• Continuously monitor key performance indicators (KPIs) and financial metrics, offering insights and recommendations for potential improvements.
• Analyze trends in financial data to identify variances, risks, and areas of opportunity, providing actionable recommendations to enhance performance.
• Support the budgeting, forecasting, and long-term planning processes by developing and maintaining relevant financial models.
• Present financial data, analyses, and recommendations to senior management and other key stakeholders, providing clear explanations and actionable insights.
• Assist the founders in driving Snapmint’s strategic financial initiatives, collaborating closely with senior leadership.
• Ensure compliance with all relevant regulatory standards and company reporting guidelines during financial analyses and due diligence processes.

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Qualifications:

• Educational Background:
  • MBA in Finance or Chartered Accountant (CA), ideally with 2-3 years of work experience in financial due diligence, preferably with one of the Big 4 consulting firms.
• Experience:
  
  • Strong understanding of RBI regulations, capital adequacy norms, and risk management practices.
• Skills:
  • High-level proficiency in Advanced Excel and other financial analysis tools.
  • Strong analytical skills, with the ability to interpret and analyze complex financial data to make informed decisions.
  • Excellent communication and presentation skills, with the ability to convey financial insights and recommendations to senior management clearly.
  • Strong problem-solving skills with attention to detail and the ability to multitask in a fast-paced environment.
  • Demonstrated ability to work collaboratively across teams and communicate effectively with various stakeholders.

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Additional Info:

• Location: Snapmint’s office is located in Mumbai, specifically in the Central Line-Nahur area, a central location with easy access to public transportation and amenities.
• Working Days: Snapmint offers a 5-day workweek with alternate Saturdays also designated as working days, creating a balanced and manageable schedule.
• Opportunities for Growth: As a fintech leader, Snapmint offers significant career growth opportunities in the rapidly expanding financial services sector. Employees are given substantial opportunities to advance their careers and take on additional responsibilities as the company continues to grow.
• Diversity and Inclusion: Snapmint is committed to fostering a diverse and inclusive work environment. The company values the unique perspectives and experiences that each employee brings to the table.
• Work Culture: The work environment at Snapmint is collaborative and focused on achieving ambitious goals while supporting the professional and personal development of every team member.
• Industry Exposure: Snapmint’s rapidly expanding operations across 2,200 cities offer a broad exposure to India’s dynamic fintech market, particularly in the consumer credit space.
• Employee Engagement: Employees at Snapmint benefit from regular team-building activities, workshops, and professional development programs aimed at improving both skills and team cohesion.

Please click here to apply.

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