Udaan - Credit Risk Strategy Manager

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 is the NBFC arm of Udaan & offers credit services to buyers and sellers on and off Udaan's B2B ecommerce platform to grow their business further. This space is largely untapped with less than 10% of MSMEs having access to working capital loans from financial institutions. In this way, Udaan is uniquely positioned to formalize & scale trade credit.

Job Responsibilities :

- Develop and embed the processes, tools and policies needed to build robust credit strategies that are aligned to the business needs.

- Define, monitor and manage credit risk policies that take into consideration internal & external environments while supporting business growth in a fast-paced environment

- Work with business teams to understand the nuances related to each category/industry, and provide actionable inputs to the modeling team and leverage models effectively as part of credit risk policies

- Defining detailed analytic scope and methodology for risk assessment, validating hypothesis, and monitoring business lending credit policies

Functional Competencies :

- Analytical thinking and quantitative aptitude : Demonstrate Analytical thinking, problem-solving attitude and a high level of comfort with numbers.

- Ability to utilize statistical model to meet business objectives

- Fetching and manipulating large data sets using SQL / Hive.

- Analyzing and visualizing large data sets : R / python.

- Decision making : Clearly articulate thinking around any problem and executes on decision making to deliver outcome.

- Attention to detail : High attention to detail with commitment to accuracy & completeness.

- Team and Stakeholder management : Ability to work successfully with multiple teams and stakeholders, manage disagreements maturely and align stakeholders. Ability to deliver outcomes through the team

- Communication skills : Excellent Communication - both verbal and written.

KRAs & KPIs of the role :

- Enable improvement of underwriting algorithms by introducing category level behaviors and external data sources which can help discriminate behavior better

- Manage credit risk outcomes within agreed risk appetite thresholds

- Support udaan Capital growth, while managing risk

- Hiring and mentoring the team members to deliver the identified projects.

Candidate Profile :

- Must hold an engineering/math/physics/ statistics degree from a top-tier school.

- Must have 5-8 years of work experience, preferably in a fast-paced start-up or as an entrepreneur or an NBFC/FinTech or Financial or Analytics organization.

- Experience working in the lending industry with demonstrable experience in credit risk policies within different banks / financial services.

- Experience in underwriting using alternate data is preferred.

- Experience in managing a small team

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 across900+ cities connected to over 20,000+ sellers.