Risk Underwriter Job in Mumbai at Drip Capital

Drip Capital is hiring for the role of Risk Underwriter!

Responsibilities of the Candidate:

• Create, review, and maintain complex credit policies that improve the underwriting process while mitigating potential risks
• Innovate on the existing framework to allow for high, continued scalability.
• Maintain strong working knowledge of the company's policies and procedures and identify exceptions to a policy with potential resolutions.
• Responsible for the entire lifecycle of underwriting factoring transactions from pre-clearing, due diligence, approval, and funding, to post-close monitoring, including:
• Identify, collect, and complete an in-depth analysis of all documents necessary for transaction requests.
• Verify and evaluate the prospect's legal structure, financial statements, collateral, accounts receivables aging, permits, lien waivers, or other credit data.
• Rate the degree of risk involved, make a credit decision, and develop the optimal factoring package for each transaction.
• Manage signing and funding of the transaction agreement with all parties, and any necessary post-close line items, including acting on behalf of the servicing and collections team as needed.
• Build and monitor credit transaction KPIs on a regular basis to ensure portfolio performance.
• Analyze portfolio to continuously monitor concentration risks.
• Contribute to regular discussions with internal teams to create a strong collaborative environment and align proper expectations and usage of credit.

Requirements:

• 2-3 years of extensive knowledge of credit risk underwriting, small business lending, credit policies in Banks or Financial Institutions or other Fintechs
• Must have hands-on experience in credit analysis, credit appraisal, credit underwriting, and monitoring
• A good understanding of risk, credit policies, and procedures.
• Strong lending background in MFI or NBFCs only with a knack for working with concrete data
• Willingness to learn/adapt to technological platforms