Designation/Role : Credit Risk Underwriter
Role : Credit Risk Underwriter
Experience :2-4 years
Location : Bangalore
About SmartCoin:
We are on a mission to create India’s largest fully automated financial Inclusion organization by providing an array of financial services such as micro-loans to the vast underserved middle/lower income segment. Being in the Top 10 Google Launchpad backed AI/ML Tech start-ups, you will meet the first-hand challenge of building & scaling the business. You will work with some of the brilliant minds across the industry who passionately feel about solving the macro issue of financial Inclusion.
We are present in over 17,000 pin codes in the country and have served over 13Mn users across India. The user profile ranges from Micro-entrepreneurs, small retailers, Blue-Grey collared workers, Salaried employees across sectors.
You will be one of the key owners of Petabytes of data and drive organizational growth by extracting & applying data driven insights. You will also get an opportunity to work and patent your AI/ML tech.
Our Values:
1. Excellence in everything we do: Take responsibility for the quality timelines of your actions & own the results till closure
2. Empathy – Put yourself in other’s shoes first, work collaboratively, put aside the individual in you & work towards the larger benefit of all
3. Innovation – Constantly think ahead, build something new & different. Don’t fear to fail, but keep experimenting
4. Perseverance – Never Give Up Attitude. Don’t settle for a “No”
5. Agility – Speed Matters Always
What are you looking for? Our Culture
Are you the one who thrives on working on cutting edge technology? Working with innovators in the early stages of ideas, products, or platforms?
Do you want to transform an industry? Crave new challenges and solving hard customer problems using the latest in software technology?
Credit Underwriting:
● Credit Assessment
● Review and analyze Personal loan applications to determine the creditworthiness of applicants.
● Assess financial statements, credit reports, cash flow projections, and other relevant documents to evaluate the applicant's ability to repay the loan.
● Utilize credit scoring models and loan strategies to make informed credit decisions.
Risk Analysis:
● Identify and evaluate potential risks associated with each loan application.
● Develop risk mitigation strategies and recommend appropriate terms and conditions for approved loans.
● Monitor and manage credit exposure, ensuring alignment with the organization's risk tolerance.
● Make informed and timely decisions regarding loan approvals, declines, and counter-offers.
● Collaborate with risk, tech teams to present and justify credit decisions, tech bugs.
Continuous Improvement:
● Stay updated with industry trends, regulatory changes, and best practices in credit risk assessment.
● Propose process improvements and contribute to the enhancement of credit assessment procedures.
4.Reporting:
● Prepare regular reports on credit portfolio performance, delinquencies, and risk exposure for management review.
Desired Candidate Profile:
- 1-2 Years of experience
- Underwriter, Secured/unsecured loans, Excel, Basic SQL
- Experience in developing lending, customer acquisitions and portfolio management strategies