We observe multiple steplike jumps in a Dy-Fe-Ga-based ferrimagnetic alloy in its magnetic hysteresis curve at 2 K. The observed jumps are found to have a stochastic character with respect to their magnitude and the field position, and the jumps do not correlate with the duration of the field. The distribution of jump size follows a power law variation indicating the scale invariance nature of the jumps. We have invoked a simple two-dimensional random bond Ising-type spin system to model the dynamics. Our computational model can qualitatively reproduce the jumps and their scale-invariant character. It also elucidates that the flipping of antiferromagnetically coupled Dy and Fe clusters is responsible for the observed jumps in the hysteresis loop. These features are described in terms of the self-organized criticality.