Branch Accountant (MFI) Jobs in Chennai Microfinance Institution
⚡ Hiring Now🏫 Chennai Microfinance Institution Employment Zones
Chennai's private microfinance institutions provide small business and livelihood loans to low-income borrowers through branch networks in Guindy and Ambattur MIDC, employing Tamil-speaking field credit officers, loan supervisors, and branch managers.
Microfinance Institution employment zones in Chennai include Guindy, Ambattur MIDC, Sholinganallur, Anna Nagar, Nungambakkam, T. Nagar, Adyar, Velachery, Taramani, and Perungudi.
📋 Job Description
Jobzi is sourcing qualified candidates for Branch Accountant (MFI) positions in Chennai's private Microfinance Institution sector. This is a full-time opportunity with a reputed Microfinance and NBFC-MFI employer in Chennai offering competitive salary, structured growth, and a professional work environment. Tamil communication skills are preferred alongside English for professional and business interaction in Chennai.
📌 Key Responsibilities
- Maintain daily branch accounts including cash receipts, disbursements, and expense vouchers in Tally
- Reconcile loan ledger against collection MIS and flag discrepancies to branch manager
- Prepare daily, weekly, and monthly branch P and L reports and submit to head office finance
- Handle branch petty cash and ensure adherence to cash management policy of the MFI
- Process TDS deductions and basic GST entries for branch vendor and service payments
- Conduct monthly bank reconciliation and resolve outstanding entries with operations team
- Prepare clean audit-ready files for internal and external audit reviews
🎓 Qualifications and Requirements
- Do you hold a B.Com degree and have hands-on Tally ERP experience?
- Have you maintained branch-level accounts for an NBFC, MFI, or small finance bank?
- Can you perform loan ledger reconciliation and identify discrepancies in daily entries?
- Are you comfortable with TDS calculations and basic GST entry for branch expenses?
- How do you manage branch cash controls and petty cash in a high-transaction MFI branch?
- Have you prepared branch P and L reports for management or head office review?
- How do you handle discrepancies found during monthly bank reconciliation?
- Good Tamil and English communication skills for team coordination and client interaction in Chennai.
✅ Required Skills
🏆 Certifications and Qualifications
Graduate degree in any stream for loan officer and field roles (minimum qualification at most MFIs); NISM Series V-A for MFI staff handling mutual fund cross-sell; RBI NBFC-MFI compliance awareness and Responsible Finance guidelines (RBI Harmonised Guidelines 2022) for operations; PMLA (Prevention of Money Laundering Act) and KYC awareness for branch roles; credit analysis and cashflow assessment training for credit officer roles; training in JLG (Joint Liability Group) lending methodology; Tamil language fluency required for field-facing roles in Chennai
Frequently Asked Questions
What types of jobs are available in microfinance institutions in Chennai?
Private NBFC-MFIs in Chennai hire across field and office roles including loan officers, collection executives, branch managers, credit analysts, HR executives, training officers, and risk and compliance staff. Field roles involve JLG centre meetings and loan disbursement in urban and peri-urban zones, while office roles focus on credit appraisal, MIS reporting, audit, and branch operations. Both fresher and experienced candidates find opportunities in Chennai's growing private microfinance sector.
What qualifications are needed for microfinance institution jobs in Chennai?
Most field and entry-level roles at private MFIs in Chennai require a graduate degree in any stream, with Tamil language fluency being essential for customer-facing positions. Senior roles such as branch manager and area manager typically require two to six years of microfinance or NBFC experience. Specialist positions in audit, compliance, and credit analysis prefer CA Inter, MBA, or relevant certification. KYC, PMLA awareness, and RBI NBFC-MFI guideline knowledge are increasingly valued at all levels.
What is the career growth path in a private microfinance institution in Chennai?
A typical career in a Chennai-based private MFI begins as a loan officer or collection executive at the field level, progressing to senior loan officer and then branch manager after two to four years of demonstrated portfolio performance. High performers move to area manager overseeing multiple branches, then to regional manager responsible for a district cluster. Leadership roles such as COO or CEO are open to professionals with extensive NBFC-MFI operational and regulatory track records spanning fifteen or more years.
What does a Branch Accountant at a private MFI in Chennai do?
A branch accountant at a private MFI in Chennai manages all branch-level financial records including daily cash receipts and disbursements, loan ledger entries in Tally, petty cash, bank reconciliation, and monthly P and L statements. The role involves ensuring all financial data is accurate, audit-ready, and submitted to head office on schedule. The branch accountant also supports the branch manager during internal and statutory audit reviews by preparing documentation and resolving ledger queries.
What qualifications are required for a Branch Accountant at an MFI in Chennai?
A B.Com degree is the standard minimum qualification for a branch accountant at a private MFI in Chennai. Hands-on experience with Tally ERP is essential, as most MFIs use Tally for branch accounting. Familiarity with basic GST entries, TDS processing, bank reconciliation, and cash management is expected. Prior experience in NBFC, small finance bank, or microfinance branch accounting is preferred, but graduates with strong Tally skills and accounting fundamentals are also considered for entry-level positions.
What is the salary of a Branch Accountant at a private MFI in Chennai?
Branch accountants at private NBFC-MFIs in Chennai earn between Rs.16,000 and Rs.35,000 per month depending on experience, qualification, and the size of the branch. Candidates with B.Com and two or more years of MFI or NBFC branch accounting experience typically command salaries in the upper half of the range. Accurate and timely financial reporting, audit preparedness, and strong Tally proficiency are key factors that influence annual increments and promotion to senior finance roles.
What is the salary for Branch Accountant (MFI) in Chennai Microfinance Institution in
A Branch Accountant (MFI) in Chennai earns between Rs.17,500 and Rs.36,500 per month in July 2026, depending on experience, skills, and employer.
What experience is required for Branch Accountant (MFI) jobs in
0 - 3 Years of relevant experience is typically required for Branch Accountant (MFI) positions in Chennai's private Microfinance Institution sector.
வேலை விவரம் - தமிழில்
Chennai-ல் Branch Accountant (MFI) வேலைவாய்ப்பு. மாத சம்பளம் ரூ.17,500 முதல் ரூ.36,500 வரை. 0 - 3 Years અனுபவம் தேவை. Microfinance Institution-ல் Full Time பணி. ஆர்வமுள்ளவர்கள் Jobzi மூலம் விண்ணப்பிக்கலாம்.