Udaan - Lead - Underwriting - Analytics Automation

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 :

- 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 through automation

- 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 SOPs using analytics

- 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

- 1-2 Yrs in Underwriting Or 2-3 Yrs in Policy & Portfolio Management for Loan Products is preferred

- 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.