Udaan - Central Underwriting Lead - Udaan Capital

About Udaan:

Udaan is a B2B ecommerce platform that brings traders, wholesalers, distributors, retailers, and manufacturers in India on to a single platform. Our goal is to make doing business easy in India & make B2B commerce convenient and efficient.

Udaan Capital

MSME financing is a $380 Bn opportunity as per the World Bank. However, less than 10% of MSMEs have access to working capital loans from FIs and a majority of MSMEs receive invoice credit from their suppliers. A trade platform like udaan is uniquely positioned to formalize & scale trade credit.

Udaan Capital is bridging this gap by offering credit products for buyers and seller on and off the udaan platform.

Job Responsibilities

- Deciding trade credit for Buyers & Sellers (Lending amount & period) by following a tech-first approach

- Responsible for a team of underwriters and completion of timely credit appraisals

- Partner with Tech team to build a tech-driven approach to Underwriting

- Adhering to strict TAT for underwriting files and maximize files processed

- Maintaining quality of underwriting as per SOP

- Recommending deviation cases to the higher level or approving authority as per delegation matrix

- Coordinating with vendor for Various External Verifications

KRAs of the role

- Maximize files processed To process a minimum of 5000 files per month

- Delinquency Management Maintain lower NPAs

- TAT Management Strict TAT to be maintained for underwriting files

- Managing Quality of Processing To maintain quality of underwriting adhering to SOP

- Vendor Management Coordinate with vendors for getting Various External Verifications

Functional Competencies

- Problem Solving: Resolution of overdue accounts by coordinating with sales team

- Technical Expertise: Operational intuition and depth across many areas in the field.

- Data driven/ analytical: Solve business problems by analyzing large volumes of data

- Team Management: Managing the team for prompt and quality credit processing. Effectively balancing competing people and process priorities.

- Stakeholder Management: Meet Customers to understand them better for better credit appraisal

- Cross Functional Integration: Coordinate with sales and operations team for efficient functioning of the entire process. Coordination with Operations team for due/ overdue PDD process

- Process and detail orientation High attention to detail with commitment to accuracy & process

- Result Orientation: Delivers non-linear impact by leveraging team / tools / knowledge

Candidate Profile

- Thorough understanding of SME Financing and Credit processes

- Must have minimum 7-10 years of work experience

- 2-3 Yrs in Underwriting Or 2-3 Yrs in Policy & Portfolio Management for Loan Products

- Min 2-3 Yrs of Work Ex on an Analytics Role ( could be a Sub Function)

- Hands on Experience on Managing a Team of Min 4 People

- Should have experience of working in Financial domain with BFSI/ NBFC/new age lending setups.

- Good at market intelligence, should be able to provide inputs & feedback for policy and process improvement

- Should possess good knowledge on regulatory reporting

- Should possess project management skills

More About us

Founded in 2016, we operate across categories including lifestyle, electronics, home and kitchen, staples, fruits and vegetables, FMCG, toys, and general merchandise. Our platform enables small manufacturers, farmers, mills, and brands to market and sell their products across the country with 100% payment security and complete transparency. While doing so, it enables small businesses such as shopkeepers, kirana, restaurants, street vendors, chemists, offices, small factories, contractors, etc. to source from a large selection of products at the best prices from all over the country through the udaan App. Our e-commerce platform has enabled logistics and provides fast, low-cost, low-wastage, highly-reliable shipping and delivery of products across India. udaan Capital, the Non-Banking Finance Company (NBFC) arm focuses on Small and Medium Enterprise (SME) financing services, provides financial products for sellers and buyers to grow their business. udaan is headquartered in Bangalore and has a network of over a million retailers across 900+ cities connected to over 20,000+ sellers.

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To become part of our growth story, visit our career website https://careers.udaan.com/#!/ and apply to relevant opportunities that are open at the moment !!