Risk, Underwriter

In support of the firm's strategic plan, Drip Capital's risk function aims to effectively identify, monitor, evaluate, and manage a business’s financial risk. Operating in a fast-changing environment and utilizing the best-in-class risk framework, risk teams are analytically curious, have an aptitude for challenges, and have an unwavering commitment to excellence. Risk Function focuses on giving the firm clarity on the risk profile of our activities and devising strategies to protect the firm’s ability to serve our clients effectively. Embedded in everything we do, risk management is key to effectively identifying, monitoring, and anticipating the diverse array of risks the firm faces in serving clients and operating its global businesses, including credit risk, fraud strategy, and collections risk. Risk Function is responsible for establishing policies & procedures to protect Drip Capital's business. An integral part of Drip’s finance business is to make contact with buyers (or importers), run verifications and confirmations as required by our Risk policy, to onboard them to our system, and build a long-term relationship for future business opportunities.

Role Responsbilties-

• 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.

Basic Qualifications:

- 2+ years of extensive knowledge of credit risk underwriting, consumer or small business lending, credit policies in Banks or Financial Institutions or other Fintechs

- Strong lending background in MFI or NBFCs only with a knack for working with concrete data

- Candidate must have experience in credit Analysis and due diligence of borrower

- Must have hands-on experience in managing teams for credit analysis, credit appraisal, credit underwriting, and monitoring

-  A good understanding of risk, credit policies, and procedures.

- Willingness to learn/adapt to technological platforms
- Minimum 2-3 years of experience in underwriting
- Willing to work for shift timings from 2 pm to 12 am IST