Position Overview

The Field Auditor is responsible for verifying group formation, member documentation, loan utilization, repayment monitoring, and compliance with company policies. The role ensures transparency, fraud detection, and portfolio quality assessment through systematic field and process audits.

Key Responsibilities
Group Formation Verification
Verify whether JLG (Joint Liability Group) is formed as per company policy.
Check number of members (generally 4–10).
Confirm members belong to the same locality and know each other.
Member KYC Verification
Verify Aadhaar, PAN, voter ID, or other KYC documents.
Ensure documents match the loan application and system records.
Loan Utilization Check
Confirm whether loan amount is used for the intended purpose (business, agriculture, etc.).
Conduct physical verification if required.
Center Meeting Verification
Check whether regular center meetings are conducted.
Verify attendance of members and group discipline.
Repayment Monitoring
Review repayment history of group members.
Identify overdue or delinquent cases.
Field Verification
Visit borrower residence or business place.
Confirm member identity and economic activity.
Policy & Process Compliance




Ensure branch follows NBFC/MFI policies for loan disbursement and recovery.
Check whether proper documentation and approvals are completed.
Fraud / Irregularity Detection
Identify ghost customers, proxy borrowers, or fake groups.
Report suspicious transactions or policy violations.
Portfolio Quality Assessment
Review PAR (Portfolio at Risk), overdue accounts, and collection efficiency.
Audit Reporting
Prepare detailed audit reports with findings, observations, and risk points.
Provide corrective recommendations to management.

Qualifications
Graduate/Postgraduate in Finance, Commerce, or related field.
1 years of experience in microfinance/NBFC auditing preferred.
Robust analytical, communication, and reporting skills.
Willingness to travel extensively for field verification.

Pay: ₹15,000.00 - ₹20,000.00 per month

Perks:
Provident Fund

Application Question(s):
Are you from Banking & Finance Field ?

Education:
Bachelor's (Required)

Experience:
Auditing: 1 year (Required)

Willingness to travel:
75% (Required)

Work Location: In person

📌 Audit Officer Mumbai
🏢 Paisalo Digital
📍 Mumbai