Credit Underwriter

We4 Consultancy

3+ Years

100000 - 150000 Monthly

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Posted: 27 Feb 25

Job Description

Title:

Credit Underwriter – SME Loans (UK Market)

Reporting to:

Risk Manager

Location:

Mumbai (UK hours)

Summary of role: We are seeking a dynamic and experienced Credit Underwriter to join our team, focusing on SME loans within the UK market. The ideal candidate will possess a strong understanding of credit analysis principles, risk assessment methodologies, and regulatory requirements specific to SME lending in the UK. As a Credit Underwriter, you will play a crucial role in evaluating loan applications, mitigating credit risk, and ensuring the overall quality of our loan portfolio.

Main duties and responsibilities are (but not limited to):

• Conduct thorough credit assessments of SME loan applications, including financial statements, credit reports, and other relevant documentation, to determine creditworthiness.

• Review credit bureau reports & commercial reports (likeCIBIL, Experian) and background reports to determine degree of risk involved with providing unsecured business loans.

• Analyse UK businesses- bank statements to validate if HMRC (VAT & PAYE) payments and to identify loan repayments

• Approve or decline business loans within the authority assigned, follow the underwriting criteria & guidelines, propose cases for approvals to senior manager which are above the approval limit.

• Analyse business operations, industry trends, and market conditions to assess the viability and risk associated with potential loan applicants.

• Utilize credit scoring models and risk assessment tools to evaluate borrower creditworthiness and determine appropriate loan terms and conditions.

• Identify and research any inconsistencies with the application, to identify potential fraud.

• Monitor the performance of existing loan portfolios, conducting periodic reviews and risk assessments to identify potential credit issues and proactively address emerging risks.

• Participate in continuous improvement initiatives, contributing to the development and enhancement of credit underwriting processes, policies, and procedures.

• Collaborate with Business Development Managers and other internal & external stakeholders to gather necessary information and ensure the accuracy of loan applications.

Qualification and Skills:

1. MBA in Finance, Accounting or a related field, CA. Professional certification is a plus but not a necessity.

2. Minimum of 4 years of experience in commercial lending, credit analysis, or underwriting, with a focus on SME loans or business loans in banks or NBFCs

3. Strong understanding of financial statements, cash flow analysis, and credit risk assessment methodologies.

4. Proficiency in using credit scoring models, risk assessment tools, and financial analysis software.

5. Excellent analytical skills, with the ability to interpret complex financial data and make sound credit decisions.

6. Detail-oriented with a commitment to accuracy and quality in all aspects of work.

7. Proactive mindset, with the ability to identify risks and opportunities and take appropriate actions to mitigate risks and drive business growth.

8. Demonstrated effective communication and interpersonal skills, with the ability to convey complex financial concepts clearly and build rapport with diverse stakeholders.

Budget: 20LPA

Mode: Work from Office

Interview Process:

1. Hr Screening

2.In-Person Interview

3. HOD Interview

Interview Days from Monday - Thursday Only

Note :

Candidate must have experience in business loans.
Should have approval authority.
Must have worked with CIBIL/Experian.
Shift timing: 1 PM to 10 PM.
Experience in analyzing P&L and balance sheets.

More information about this Credit Underwriter Job

Please go through the below FAQs to get all answers related to the given Credit Underwriter job

What are the job requirements to apply for this Credit Underwriter job position?
- Ans: A candidate must have a minimum of 3+ year experience as an Credit Underwriter

What is the qualification for this job?
- Ans: The candidate can be a Graduate from any of the following: B.Com, BBA/BBM, MBA/PGDM, CA
What are the salary requirements for this job?
- Ans: The salary range is between 100000 and 150000 Monthly. The Salary will depend on the interview. This Credit Underwriter is a Full Time in Mumbai.
What is the hiring Process of this job?
- Ans: The hiring process all depends on the company. Normally for an entry level, hiring the candidate has to go for Aptitude, GD (If they look for communication),Technical test and face to face interviews.
This Credit Underwriter is a work from home job?
- Ans: No ,its not a Work from Home Job.
How many job vacancies are opening for the Credit Underwriter position?
- Ans: There are immediate 1 job openings for Credit Underwriter in our Organisation.

Job Particulars

Role accountant

Education B.Com(Finance, International Accounting & Finance, Financial Analytics), BBA/BBM, MBA/PGDM(Banking Finance and Allied Services, Finance, International Finance and Accounting), CA

Who can apply Experienced (3+ Years)

Hiring Process Face to Face Interview, Telephonic Interview

Employment TypeFull Time

Job Id2627822

Job Category Finance , Sales and Marketing

Locality Address Andheri East

State Maharashtra

Country India

About Company

At We4 Consultancy, we specialize in delivering tailored staffing solutions to meet your unique hiring needs. Our sector-specific teams are committed to sourcing top-quality talent with a focus on precision, dedication, and long-term success.

Over the years, we have built a strong track record by successfully closing positions such as Salesforce Developer, Data Scientist, Cloud Engineer, Azure DevOps Engineer, Azure Technical Lead, Data Analyst, QA Head, Operation Analyst, Business Analyst, Project Manager, Automation Test Lead, Performance Lead, and many more.

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