Credit Underwriter

Bhanix; Mumbai City; On-site; INR 500,000 - 900,000; Full time

Job summary

Bhanix in Mumbai seeks a Credit Underwriter to assess loan applications, analyze financial data, and decide on approvals with risk discipline. You will evaluate income documents, credit history, and alternative data to determine creditworthiness.

You will work with Sales, Operations and Risk teams to ensure fast, fair underwriting within regulatory guidelines, contributing to portfolio quality in the digital lending space.

Qualifications

• Graduate/Postgraduate in Finance, Commerce, Economics, or related field (MBA/CA preferred).
• 2-5 years of experience in credit underwriting, preferably in fintech, NBFC, or banking.
• Strong analytical skills with the ability to interpret financial statements, cash flows, and credit bureau data.
• Knowledge of digital lending models, alternative credit scoring, and risk frameworks.
• Proficiency in MS Excel and familiarity with credit decisioning systems/loan management platforms.
• Detail-oriented, with strong decision-making and risk evaluation skills.
• Excellent communication skills for cross-functional collaboration.

Responsibilities

• Assess and underwrite loan applications by analyzing customer profiles, credit history, income documents, and alternative data sources.
• Evaluate risk parameters using internal scoring models, credit bureau reports, bank statements, and digital footprints.
• Ensure adherence to internal credit policy, regulatory guidelines, and risk management frameworks.
• Collaborate with sales, operations, and risk teams to ensure smooth processing of applications without compromising credit quality.
• Recommend loan approvals, declines, or modifications with clear justifications.
• Identify potential fraud indicators and elevate suspicious cases as per protocol.
• Continuously monitor portfolio performance and provide feedback for credit policy improvements.
• Support digital process enhancements by sharing inputs on underwriting automation, scoring models, and rule engines.
• Maintain accurate and timely records of underwriting decisions in the loan management system.

Skills

Analytical skills

Financial statement interpretation

Credit bureau data

MS Excel

Risk evaluation

Communication

Education

Finance/Economics degree

Tools

Credit decisioning systems

Loan management platforms

Job description

Role Overview:

We are seeking a detail-oriented and analytical Credit Underwriter to join our team. The role will be responsible for evaluating credit applications, analyzing financial and non-financial data, assessing risk profiles, and making informed credit decisions in line with company policies.

The Credit Underwriter will play a critical role in maintaining portfolio quality while enabling business growth by ensuring fast, fair, and compliant underwriting practices tailored to the digital lending ecosystem.

Key Responsibilities:

• Assess and underwrite loan applications by analyzing customer profiles, credit history, income documents, and alternative data sources.
• Evaluate risk parameters using internal scoring models, credit bureau reports, bank statements, and digital footprints.
• Ensure adherence to internal credit policy, regulatory guidelines, and risk management frameworks.
• Collaborate with sales, operations, and risk teams to ensure smooth processing of applications without compromising credit quality.
• Recommend loan approvals, declines, or modifications with clear justifications.
• Identify potential fraud indicators and elevate suspicious cases as per protocol.
• Continuously monitor portfolio performance and provide feedback for credit policy improvements.
• Support digital process enhancements by sharing inputs on underwriting automation, scoring models, and rule engines.
• Maintain accurate and timely records of underwriting decisions in the loan management system.

Eligibility Criteria:

• Graduate/Postgraduate in Finance, Commerce, Economics, or related field (MBA/CA preferred).
• 2-5 years of experience in credit underwriting, preferably in fintech, NBFC, or banking.
• Strong analytical skills with the ability to interpret financial statements, cash flows, and credit bureau data.
• Knowledge of digital lending models, alternative credit scoring, and risk frameworks.
• Proficiency in MS Excel and familiarity with credit decisioning systems/loan management platforms.
• Detail-oriented, with strong decision-making and risk evaluation skills.
• Excellent communication skills for cross-functional collaboration.