Head of Risk Underwriting

Amartha; Jakarta Selatan; On-site; IDR 200,000,000 - 500,000,000; Full time

Job summary

Amartha in Indonesia is seeking a Senior Underwriting Lead to shape the underwriting strategy for its micro-lending portfolios and ensure sustainable growth through balanced risk and approvals.

You will design and continuously improve underwriting policies, credit scorecards, decision engines, and verification standards, while managing a team of analysts and collaborating with Product, Data, and Operations.

Qualifications

• Bachelor's degree in Finance, Economics, Statistics, Mathematics, Engineering, Data Science or related field.
• 5+ years in credit risk/underwriting in financial services.
• At least 3 years in a leadership/managerial role.
• Experience in retail lending, consumer finance, fintech, or banking.
• Strong analytical skills and credit risk judgement.

Responsibilities

• Own underwriting strategy for micro lending portfolios, translating risk appetite into criteria.
• Periodic review of policies based on portfolio performance and market changes.
• Design and maintain credit decisioning framework including scorecards and risk segmentation.
• Monitor metrics: approval rate, booking/disbursement, cohort performance, repayment.
• Embed fraud risk identification in end-to-end underwriting.
• Improve underwriting processes to support growth while maintaining quality.
• Collaborate with Product, Data, Tech, and Operations to build scalable capabilities.
• Lead and grow the team of analysts.

Skills

Credit risk management

Decision engines

Leadership

Credit scoring

Risk segmentation

Education

Bachelor's degree in Finance, Economics, Statistics, Mathematics, Engineering, Data Science or related field

Tools

SQL

Python

R

SAS

Job description

Amartha is a technology company focused on creating shared prosperity by developing digital financial solutions for the grassroots economy. Founded in 2010 as a microfinance institution, Amartha connects rural, women-led micro-enterprises with affordable capital. Amartha is expanding as a tech company, building a microfinance ecosystem that connects to the growing digital economy through capital, investment, and payment services. By boosting the competitiveness of micro and small entrepreneurs, Amartha empowers women-led MSMEs, creates jobs, and fosters inclusive economic growth.

About The Role

This role will lead underwriting strategy and credit decisioning framework Micro Lending portfolio, ensuring sustainable growth through the right balance of risk, approval rate, customer quality, and commercial objectives.

The role is also accountable for designing and continuously improving underwriting policies, credit scorecards, decision engines, verification standards, and approval strategies.

Responsibilities

• Own the underwriting strategy for micro lending portfolios, by translating the company's risk appetite into practical credit acceptance criteria and underwriting policies
• Periodically review policies based on portfolio performance, market changes and emerging risks.
• Own the design and effectiveness of the credit decisioning framework, including Credit scorecards and risk segmentation, Credit bureau utilization, automated underwriting, Group/member-level assessment, Limit assignment, decline and referral strategies
• Monitor the relationship between underwriting decisions and subsequent portfolio performance, with key metrics such as approval rate, booking/disbursement rate, Cohort performance, Repayment rate.
• Embed fraud risk identification and prevention into the end-to-end underwriting process.
• Continuously review the underwriting process to support business growth while keeping the acceptable quality of new booking
• Work closely with Product, Data, Technology and Operations to build scalable underwriting capabilities.
• Managing and grow the team of analysts

• Minimum bachelor's degree in Finance, Economics, Statistics, Mathematics, Engineering, Data Science or related field.
• Min 5+ years of experience in credit risk/underwriting within financial services
• At least 3 years in a leadership/managerial position.
• Strong experience in retail lending, consumer finance, digital lending, fintech, banking or multifinance.
• Strong understanding of Credit risk management, decision engines, Risk segmentation, Credit scoring, and risk performance monitoring
• Strong number/analytical capability and credit risk judgment
• Able to translate company growth strategy into a scalable credit strategy.
• Experience with SQL, Python/R, SAS, or similar analytics tools