Software Development Engineer 2 at MAG Finserv Co Ltd · Pune · 3 - 10 years · ₹8L - ₹18L / yr · Profitable · Posted 17 Aug 2023

For a decade and a half, MAG Finserv has assisted 1 lakh+ customers in overcoming their financial obstacles growing its loan book 60 times. Our partners include leading Banks like SBI, Federal Bank, City Union Bank among others. We are growing out of our home State Maharashtra and setting up a pan-India presence.
People are at the core of what we do. To meet the future growth targets, we are setting up a ninja technology team and offer a rewarding career with learning and growth. We offer a flexible hybrid model for maintaining a healthy work-life balance.
Responsibilities:
● Design, implementation, and deployment of successful LOS/LMS system features and services in support of our lending operations and the businesses they support
● Resolve bugs in the software features and deliver them on time with high quality
● Participate in the definition of secure, scalable, and low-latency services and efficient physical processes
● Work with cross-functional teams delivering on demanding projects
● Functionally decompose complex problems into simple, straight-forward solutions
● Understand system inter-dependencies and limitations
Requirements:
● Engineering degree in Computer Science/IT with a good academic performance throughout
● 5+ years of experience in developing applications end-to-end
● 1+ years of system design or architecture experience (architecture, design patterns, reliability and scaling) of new and current systems
● Expertise in Java, Spring Boot, Spring MVC, Angular and ruby on Rails tech stacks
● Functional understanding/experience of finance/lending domain is a plus
● Functional/Technical understanding of apache fineract/mifos is a plus
Location: Hybrid in Pune, Maharashtra

About MAG Finserv Co Ltd
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About StrideOne
StrideOne is a leading fintech platform enabling businesses with innovative supply chain finance and working capital solutions. We partner with enterprises, MSMEs, and financial institutions to simplify access to credit through technology-driven lending solutions. At StrideOne, you'll work in a fast-paced, collaborative environment where innovation, ownership, and continuous learning are encouraged.
About the Role
We're building Credit Engine, a lending platform on top of Apache Fineract that powers credit assessment, disbursement, repayment, and portfolio management for our clients. We're looking for a Java Developer to help build and scale the backend services behind these workflows.
What You'll Work On
- Build and maintain backend services for lending functions — organisation/office management, portfolio and product configuration, cash margin engines, and credit workflows.
- Design and consume REST APIs integrating with internal modules and external banking/financial partners.
- Extend Apache Fineract to support custom lending products and business rules.
- Design and optimize MySQL schemas/queries for transactional, audit-heavy financial data.
- Translate lending/credit policies (interest computation, grace periods, margin calculations) into tested, production-grade code.
- Debug production issues in systems handling real money movement, with focus on correctness and data integrity.
- Participate in code reviews and API/service design discussions.
Must-Have Skills
- 2+ years hands-on Core Java (Java 8+) — OOP, collections, concurrency basics.
- Experience building REST APIs with Spring Boot.
- Strong MySQL skills — schema design, indexing, query optimization, transactions.
- Understanding of transactional consistency, data integrity, and audit trails.
- Comfortable with Git-based collaborative workflows.
Good to Have
- Experience with Apache Fineract or similar core banking/lending platforms.
- Exposure to microservices, message queues, or event-driven systems.
- Familiarity with cloud platforms (AWS/GCP/Azure) and CI/CD.
- Frontend exposure (Angular/React) for API contract collaboration.
- Prior experience in fintech, NBFC, banking, or supply chain finance






