Job Description – Risk Manager – Underwriting

Location: Delhi / Gurugram

Type: Full-time

Experience: 4–8 years preferred

Qualification: CA / MBA (Finance) / CFA or equivalent

Industry Preference: NBFC / SME Lending / Financial Services

Role Overview

We are looking for a Risk Manager – Underwriting with strong experience in NBFC lending, credit underwriting, financial statement analysis, and business assessment.

The candidate will be responsible for conducting detailed financial and business analysis of companies before the group makes an investment or financing decision. The role will involve evaluating the company's financial health, cash flows, repayment/investment capacity, business model, promoter profile, and associated risks before making an underwriting recommendation.

Experience in MSME/SME lending and underwriting will be strongly preferred.

Key Responsibilities

1. Financial & Business Analysis

• Analyze financial statements including P&L, Balance Sheet, and Cash Flow statements.
• Evaluate financial performance, profitability, leverage, liquidity, working capital, and cash flows.
• Assess the overall financial health and sustainability of the company.
• Analyze historical performance and identify key financial trends and risks.
• Review projections, assumptions, and business plans submitted by the company.

2. Credit & Investment Underwriting

• Conduct end-to-end underwriting of companies before investment/financing decisions.
• Assess the company's business model, industry, market position, and growth prospects.
• Evaluate promoter/management background, track record, and overall business credibility.
• Assess repayment capacity and ability of the business to generate sustainable cash flows.
• Identify key credit, financial, business, and operational risks.
• Recommend appropriate risk mitigants, conditions, and structuring requirements.
• Prepare detailed underwriting/credit assessment notes for management review.

3. SME/MSME Lending

• Evaluate SME/MSME businesses for lending or investment opportunities.
• Assess working capital requirements, debt servicing capacity, existing borrowings, and banking conduct.
• Analyze borrower-level and company-level financial information.
• Review GST returns, bank statements, income tax returns, bureau reports, and other relevant financial/business documents.
• Identify early warning indicators and potential stress factors.

4. Due Diligence & Risk Assessment

• Conduct detailed due diligence of prospective companies before investment.
• Validate financial and business information provided by the borrower/investee company.
• Coordinate with business, finance, legal, compliance, and other teams for information required for underwriting.
• Conduct sensitivity and scenario analysis wherever required.
• Highlight potential risks and recommend appropriate risk controls.

5. Portfolio & Post-Investment Monitoring

• Monitor financial and business performance of companies after investment/financing, wherever required.
• Track key financial and operational indicators.
• Identify deviations from approved assumptions, projections, or agreed financial parameters.
• Highlight early warning signals and recommend corrective actions.

Ideal Candidate

• 4–8 years of relevant experience in credit underwriting, risk, credit analysis, or financial analysis.
• Strong experience in NBFC lending / SME or MSME lending preferred.
• Excellent understanding of financial statement analysis.
• Hands-on experience in underwriting companies/businesses before lending or investment decisions.
• Strong understanding of P&L, Balance Sheet, Cash Flow, working capital, leverage, and debt servicing.
• Experience in analyzing bank statements, GST returns, ITRs, bureau reports, and other financial information.
• Strong analytical and financial assessment skills.
• CA / MBA Finance / CFA or equivalent qualification preferred.
• Strong attention to detail and ability to independently identify financial and business risks.
• Good communication and report-writing skills.

Not Suitable

• Pure retail loan underwriting profiles.
• Candidates with only retail credit experience.
• Pure sales/business development profiles.
• Candidates without hands-on financial statement analysis experience.
• Candidates without experience in lending, credit, underwriting, or financial risk assessment.