Credit Risk Underwriter

Refyne India; Bengaluru; On-site; INR 600,000 - 1,000,000; Full time

Benefits offered by this job

Earned salary access

Health coverage

Ownership from day one

Learning culture

Office meals

Job summary

Refyne is seeking a Credit Risk Analyst to join our Risk team in Bengaluru on-site. You will own the evaluation of loan applications and support risk management initiatives, ensuring efficient, accurate, and compliant underwriting.

You will scrutinize CIBIL reports, bank statements, salary slips, and KYC, assess income and debt obligations, and document decisions with clear rationale. Expect collaboration with Product, Operations, and Compliance to strengthen our lending platform.

Qualifications

• 2-5 years of experience in credit analysis and underwriting within FinTech, NBFC, or digital lending environments.
• Strong analytical and data reporting skills.
• Solid understanding of credit risk frameworks, underwriting standards, and the lending lifecycle.
• Ability to make quick, accurate credit decisions while maintaining high attention to detail.
• Ownership of portfolio analysis and driving continuous improvement through feedback.

Responsibilities

• Perform end-to-end verification of CIBIL reports, bank statements, salary slips and KYC documentation.
• Evaluate income, repayment capacity and debt obligations to assess credit risk and underwriting decisions.
• Maintain meticulous documentation of approved and declined cases with objective rationale for every decision.
• Conduct monthly portfolio analysis to track performance, identify risk trends and flag vulnerabilities early.
• Collaborate with risk and policy teams to define risk parameters and improve lending processes.

Skills

Credit analysis

Underwriting

Analytical skills

Data reporting

Attention to detail

Job description

Job Role

Credit Risk Analyst

Location: Refyne HQ, Bengaluru (On-site) | Team: Risk | Reports To: General Manager

About Refyne

Refyne is building the financial infrastructure of Bharat's workforce.

What began as an earned wage access solution for India's largest employers has grown into a full-spectrum financial platform spanning lending, insurance, savings and wealth. Refyne is trusted by some of the country's most valuable companies to power the financial lives of their people.

Today, Refyne has partnered with over 600+ top enterprises to bring fair, timely and responsible financial services to more than 10 million employees across India, helping employers drive a 90%+ employee retention rate.

• One platform. Every employer. Bharat's entire workforce.

As India's economy scales, Refyne is building the foundational layer that lets every employee, across every workplace, access financial security with ease, convenience and dignity.

About the Role

At Refyne, we're building the financial infrastructure that powers millions of employees across India. As our lending business scales, data-driven decisions sit at the core of our risk strategy.

This is where you come in.

As a Credit Risk Analyst, you will own the evaluation of loan applications and support critical risk management initiatives. You will solve problems demanding both analytical rigor and sharp attention to detail, keeping our underwriting processes efficient, accurate, and compliant.

Your work won't just improve a process—it will directly shape our credit quality and strengthen the foundation of our business

How You'll Make an Impact

• Perform preliminary analysis and scrutiny of retail/individual loan applications, conducting end-to-end verification of CIBIL reports, bank statements, salary slips, and KYC documentation.
• Evaluate income, repayment capacity, and debt obligations to assess credit risk and make accurate, data-driven underwriting decisions with minimal error rates.
• Maintain meticulous documentation of approved and declined cases, ensuring a clear, objective rationale is recorded for every credit decision.
• Conduct monthly portfolio analysis to closely track overall performance, identify risk trends, and flag potential vulnerabilities early.
• Collaborate with risk and policy teams to define key risk parameters, optimize credit frameworks, and continuously improve lending processes.

What Makes You a Great Fit

• 2-5 years of experience in credit analysis and underwriting within FinTech, NBFC, or digital lending environments.
• Possessing strong analytical, financial assessment, and data reporting skills.
• Having a solid understanding of credit risk frameworks, underwriting standards, and the overall lending lifecycle.
• Comfortable making quick, accurate, and independent credit decisions while maintaining high attention to detail.
• Taking complete ownership of your portfolio analysis and enjoy driving continuous improvement through constructive feedback.

What You'll Be Part Of

The Team

You’ll join a high-performing risk team that thrives on data, precision, and collaborative problem-solving, working closely with Product, Operations, and Compliance leaders.

The Platform

You will help scale the foundational risk engine behind Refyne’s lending platform, ensuring safe, responsible, and frictionless financial access for millions of enterprise employees.

Perks at Refyne

• Access your salary, on your terms. Use the Refyne app to withdraw your earned salary whenever you need it.
• Comprehensive health coverage. Medical insurance for you and your loved ones, because your wellbeing comes first.
• Meaningful ownership from day one. Work in a flat organization where your ideas are heard and your contributions have real impact.
• Learn by building. Collaborate with experienced engineers in a culture that values quality, curiosity and continuous learning.
• Fuel for your best work. Enjoy complimentary breakfast, lunch and snacks at the office.

Why Join Refyne?

The companies driving India's growth understand that financially secure employees build stronger organisations and stronger economies. Refyne exists at that intersection: a single, trusted infrastructure that employers plug into and employees rely on, without friction or fragmentation.

Our solution helps workers cleanly bypass predatory debt traps to build real financial resilience, rather than simply pointing them toward financial products and stepping back. It's the financial backbone behind India Inc, built with the same permanence and scale as the roads and utilities that move the country forward.

That ambition is backed by results: Refyne is growing at a rapid 4x year-on-year pace, is already profitable and ranks globally as the second-largest player by revenue in our space. The company is also backed by $106 million from top global investors including Tiger Global, DST Global and ICICI Bank. For employers, that means a partner with the credibility, scale and staying power to be trusted at the infrastructure level. For employees, it means one platform that grows with every stage of their financial life.

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