ProgCap - Assistant Vice President/Vice President - Credit

Progcap is a supply chain financing company that provides financial solutions tailored for MSMEs in underserved markets. It offers working capital to retailers and small businesses through its tech-enabled platform, aiming to bridge the credit gap that these enterprises often face. By leveraging data analytics and innovative financial models, Progcap facilitates quick and easy access to credit, helping businesses grow and sustain their operations in a competitive market. The Company works with corporates across a wide array of industries to facilitate credit, software and commerce solutions to empower the MSMEs, thereby acting as the operating system of these supply chains. Progcap is backed by marquee global investors like Google, Sequoia, Tiger Global and Creation Investments.

We are looking to hire a strong Credit Leader who will oversee credit risk management for the Anchor portfolio, ensuring risk alignment with business goals.

Key Responsibilities (but not limited to):

1. Credit Risk Assessment & Underwriting

- Anchor Evaluation: Lead the evaluation of high-value corporate credit proposals for "Anchors," focusing on financial health, industry standing, and supply chain stability.

- SCF Product Expertise: Design and oversee underwriting for products like Factoring, Purchase Financing, Invoice Discounting, and Channel Finance.

- Decisioning: Act as the approval authority for credit limits within the delegated power and present high-value cases to the Credit Committee.

2. Portfolio Management & Monitoring

- Surveillance: Monitor the health of the portfolio and track key metrics

- Early Warning Systems (EWS): Implement and monitor EWS to identify potential stress in specific sectors, Anchors or Geographies.

3. Policy, Compliance & Regulatory Governance

- Framework Development: Update and maintain the Credit Risk Policy in alignment with RBI's Scale-Based Regulations (SBR) and Factoring Act requirements.

- Statutory Compliance: Ensure 100% adherence to KYC/AML norms and internal audit standards.

4. - Team Handling: Experience team leader with ability to work along cross functional teams.

Qualifications:

- Education: CA/MBAs with Tier I and II institutions preferred

- Experience: 8-10 years in credit risk management, with a focus on supply chain finance or SME lending.

- Skills: Inquisitiveness, Learning mindset, Strong analytical, leadership, and communication skills; proficiency in risk management tools.