Credit Analyst

Job Summary

The Credit Manager is responsible for overseeing the credit evaluation, underwriting, and risk management processes for payday loan products. This role ensures that lending decisions are aligned with the company’s risk appetite while maintaining portfolio quality and supporting business growth. The ideal candidate will have strong analytical skills, experience in short-term unsecured lending, and a deep understanding of customer risk profiling.

Key Responsibilities

1. Credit Underwriting & Risk Assessment

• Evaluate loan applications for payday loans based on predefined credit policies.
• Analyse applicant financials, credit history, repayment capacity, and risk indicators.
• Approve or reject loan applications within assigned authority limits.
• Develop risk-based decisioning frameworks for faster loan processing.

2. Policy & Process Management

• Design, implement, and continuously improve credit policies for payday lending.
• Ensure policies are compliant with regulatory guidelines applicable to NBFCs.
• Monitor adherence to credit underwriting standards across the team.

3. Portfolio Monitoring & Risk Control

• Track loan portfolio performance including delinquency, default rates, and roll rates.
• Identify early warning signals and recommend corrective actions.
• Optimize risk-return balance by adjusting credit filters and approval criteria.

4. Data Analysis & Reporting

• Prepare regular MIS reports on credit performance, approval rates, and portfolio health.
• Use data analytics to refine credit scoring models and improve decision accuracy.
• Collaborate with data science teams (if applicable) for automated underwriting enhancements.

5. Fraud Detection & Prevention

• Identify potential fraud patterns and implement preventive controls.
• Work closely with operations and collections teams to minimize fraud losses.

Key Requirements

Experience:

• experience in credit underwriting, preferably in NBFCs or fintech
• Strong experience in unsecured lending / payday loans / microloans

Skills & Competencies:

• Strong analytical and decision-making skills
• Knowledge of credit bureau data and scoring models
• Familiarity with digital lending platforms and automated underwriting
• Understanding of regulatory norms for NBFCs
• High attention to detail and risk awareness