Senior Underwriting Analyst

Mumbai, Maharashtra, India | Risk | Full-time | Partially remote

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About Drip Capital & Team

Drip Capital is a high-growth FinTech focused on the $5T global SME cross-border trade industry. We offer multiple, innovative trade financing products targeted towards SMEs in developing markets, providing rapidly growing SMEs quick and easy access to finance. With a focus on technology, our vision is to eliminate the hassle of paperwork and bureaucracy and create a seamless borrowing experience for customers worldwide. Drip's corporate headquarters is in Palo Alto, California. It also has offices in Mumbai, India, and Mexico City, Mexico.

Our team comprises talent from top-tier institutions including Wharton, Stanford, and IITs with years of experience at companies like Google, Amazon, Standard Chartered, Blackrock, and Yahoo. We are backed by leading Silicon Valley investors - Sequoia, Wing, Accel, and Y Combinator.

Drip Product & Services

Drip Capital currently offers collateral-free finance to businesses participating in international trade. The company uses electronic data and its proprietary automated risk management system to assess its customers and their deals. Drip offers credit lines ranging from $100,000 to $2.5 million, depending on the size of the business and its requirement.

Drip Capital has been extensively engaging with various trade associations and export promotion councils like FIEO, EEPC, CHEMEXCIL, and PLEXCONCIL to educate exporters about its product offerings. In November 2021, Drip Capital announced two new partnerships, a collaboration with CARGOES Finance by DP World and another with TradeLens, a blockchain-enabled digital platform, to enable access to working capital for emerging market small and medium-sized businesses.

In September 2020, Drip Capital was named to the CB Insights Fintech 250 list. In March 2022, it was featured in Y Combinator's Top Companies list.

Risk Function

In support of the firm's strategic plan, Drip Capital's risk function aims to effectively identify, monitor, evaluate, and manage the firm's financial and operational risks, including reputational risk. Operating in a fast-changing environment and utilizing the best-in-class risk framework, risk teams are analytically curious, have an aptitude for challenges, and have an unwavering commitment to excellence. Risk Function focuses on giving the firm clarity on the risk profile of our activities and devising strategies to protect the firm’s ability to serve our clients effectively. Embedded in everything we do, risk management is key to effectively identifying, monitoring, and anticipating the diverse array of risks the firm faces in serving clients and operating its global businesses, including credit risk, market risk, liquidity risk, operational risk, model risk, business risk, fraud strategy, and collections risk. Risk Function is responsible for establishing policies & procedures to protect Drip Capital's business

Position Expectations:

  • Create, review, and maintain complex credit policies that improve the underwriting process while mitigating potential risks
  • Innovate on the existing framework to allow for high, continued scalability.
  • Maintain strong working knowledge of the company's policies and procedures and identify exceptions to a policy with potential resolutions.
  • Responsible for the entire lifecycle of underwriting factoring transactions from pre-clearing, due diligence, approval, and funding, to post-close monitoring, including:
  • Identify, collect, and complete an in-depth analysis of all documents necessary for transaction requests.
  • Verify and evaluate the prospect's legal structure, financial statements, collateral, accounts receivables aging, permits, lien waivers, or other credit data.
  • Rate the degree of risk involved, make a credit decision, and develop the optimal factoring package for each transaction.
  • Manage signing and funding of the transaction agreement with all parties, and any necessary post-close line items, including acting on behalf of the servicing and collections team as needed.
  • Build and monitor credit transaction KPIs on a regular basis to ensure portfolio performance.
  • Analyze portfolio to continuously monitor concentration risks.
  • Contribute to regular discussions with internal teams to create a strong collaborative environment and align proper expectations and usage of credit.

Basic Qualifications:

- 3-5+ years of extensive knowledge of Consumer lending, Credit policy, and credit risk underwriting in Banks or Financial Institutions or Fintech

- Strong lending background in MFI or NBFCs only with a knack for working with concrete data

- The candidate must have experience in conceptualizing and implementing lending products.

- Must have hands-on experience in managing teams for credit analysis, credit appraisal, credit underwriting, and monitoring

- A good understanding of risk, credit policies, and procedures.

- Willingness to learn/adapt to technological platforms