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  • Risk Underwriter CA Mumbai
  • OfBusiness in Mumbai, Maharashtra, India
  • jobs
  • 1 month ago

jobs description

Company Description

OfBusiness is a new-age b2b commerce and fintech startup based in Mumbai. We provide smart procurement and smart financing solutions to SMEs through our tech-enabled platform. Our platform serves as a single window for SMEs in the manufacturing and infrastructure sector for all their raw material procurement, supplier financing, and project financing needs. SMEs can benefit from unsecured credit limits for cost-effective procurement of raw materials, including steel, TMT, metals, chemicals, polymers, textiles, cement, and building materials.

Role Description

This is a full-time on-site role for a Risk Underwriter in Mumbai. As a Risk Underwriter, you will be responsible for analyzing credit risk and assessing the financial standing of SMEs. Your day-to-day tasks will include conducting risk assessments, underwriting credit insurance, managing portfolios, and analyzing financial data. Your expertise will help in ensuring secure and profitable lending to SMEs... thereby contributing to the growth and success of our platform.

Responsible for the Following:

▪ Taking care of cases when they move to underwriting after credit processing.

▪ Quantitative & Qualitative Analysis of the case and Conduct PD.

▪ Quantitative Analysis includes:

i) Financial Analysis: creditworthiness of the client, past trends, net worth, etc.

ii)Banking Analysis: who all are the anchors, who are the suppliers, tracking EMI repayment.

iii) Statutory Analysis: check if the returns have been filed, GST has been filed, if any tax payable is there,

check liquidity crunch, etc.

▪ Qualitative Analysis: Discuss the issues which cropped up during the Quantitative Analysis and come to

know the bigger picture.

▪ Legal Analysis: check if any complaints have been filed against the client, etc.

▪ Also, the checks are not limited to only this. He/she will do everything to find out if it is safe to give

money as an unsecured loan to the client. For eg, standing infront of the shop to check if he's actually

getting the amount of customers he claims he gets, etc.

▪ Meeting customer personally to evaluate the business, internal / External reference check, FCU / RCU check

▪ Underwriting the cases / Customer based on the laid-out policy. Recommending / decision (Approve /

Reject) the cases based on merit.

▪ Including but not limited to work closely with sales team / Channel partners / cross-sell team to support

them in a right manner which facilitates the growth of business and achievements of co-goals and targets

▪ Working closing with and coordinating with the operations team for the smooth disbursement of approved

cases.

▪ Portfolio analysis by mitigating the risk and then sanctioning the loan.

▪ Suggesting/initiating policy changes based on portfolio analysis.

Qualifications
• Analytical Skills and Finance
• Underwriting, Credit Insurance, and Portfolio Management
• Experience in risk assessment and financial analysis
• Knowledge of credit and lending practices
• Strong attention to detail and ability to work under pressure
• Excellent written and verbal communication skills
• Ability to make sound judgments based on data and market trends
• Bachelor's degree in Finance, Economics, Business Administration, or related field
• Relevant certifications (such as Chartered Financial Analyst) are a plus
Mumbai Maharashtra India

salary-criteria

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