Policy Manager - Credit

Dmi Finance; Delhi; On-site; INR 2,500,000 - 4,000,000; Full time

Job summary

DMI Finance Pvt Ltd. seeks a Manager to lead end-to-end credit underwriting and monitoring for MSME loans through a digital journey.

You will collaborate with Data Science, define policy benchmarks, and drive automation to reduce manual interventions while optimizing pricing across segments.

Qualifications

• Minimum Qualification: Postgraduate in Finance/Statistics/Management from Tier 1 institutes.
• Skills: R/Python, SQL, Advanced Excel.
• Work Experience: 3–4 years in Credit policy for Digital lending.

Responsibilities

• Develop and refine underwriting policies across product constructs.
• Coordinate with Data Science to validate underwriting models on current portfolio.
• Set performance benchmarks and actions for breaches.
• Automate credit policy assessment to reduce manual interventions.
• Determine pricing basis by segmentation.
• Standardize policies and processes.
• Analyze portfolio performance and recommend policy changes.
• Conduct periodical credit reviews and identify high-risk segments.
• Mitigate risks based on portfolio performance.
• Monitor delinquency to meet company benchmarks.
• Identify tech solutions to improve portfolio management.
• Analyze MIS to monitor performance and risk.

Skills

Data Analytics

Model Validation

Policy Formulation

Portfolio Management

Stakeholder Management

R/Python

SQL

Advanced Excel

Education

Postgraduate in Finance/Statistics/Management

Tools

R/Python

SQL

Advanced Excel

Job description

JOB DESCRIPTION

Role Title Manager

Reports To Akshay Kumar

Company DMI Finance Pvt Ltd.

Function/ Department Credit MSME

About DMI Finance

Led by technology, powered by creative thinking and driven by innovative partnerships, DMI is reimagining the transmission of credit in India. Founded in 2008 by Shivashish Chatterjee and Yuvraja C. Singh, and supported by a deeply experienced team, DMI has grown into a pan-India credit platform with core businesses in corporate lending, housing finance, digital consumer and MSME finance and asset management. DMI is supported by global institutional investors, strategic family offices and leading banks and public market creditors in India.

JOB PURPOSE

Manage and strategize on end-to-end credit underwriting and monitoring of portfolio of MSME loans through digital journey.

PRINCIPAL ACCOUNTABILITIES

(Accountabilities associated with the job)

Underwriting Policies

• Working on solutions for credit underwriting basis different product constructs
• Closely work with Data Science team to analyze of the underwriting models prepared by them and validate the performance of the same on current portfolio
• Determining performance benchmarks and identify course of action in case of breach
• Automation of Credit Policies to ensure no/minimal manual Intervention in assessing the creditworthiness
• Determining the right pricing basis segmentation
• Working on standardization of policies and processes.

Performance monitoring

• Portfolio Analysis and recommending the policy changes to Policy head basis the outcome of the analysis
• Periodical credit review of the existing portfolio and conducting various analysis to identify the high-risk segments.
• Taking actions to mitigate the risks identified based on portfolio performance
• Monitor the delinquent accounts to ensure the achievement of company standards/benchmark of the delinquency.
• Identifying technological solutions to improve existing processes and overall portfolio management functions
• Analysis of various MIS to monitor portfolio performance and risk.

New Partner Integration

• Understanding the journey, identifying the set of information available with the channel partner and requisitioning the set of data to be provided at time of application
• Understanding the product being offered by the new channel partner and the segment being catered to.
• Creation of policy basis the product, information available and prevailing models
• Facilitate data room exercise for new segment of customers
• Formulation of policy keeping the expected loss rates in consideration
• Monitor the implementation of policy, UAT and production test run of policy and clear the bottlenecks, if any

Loss Management

• Monitor portfolio on a daily/weekly basis for any increase in risk (loss rates)
• Forecast loss for portfolios

Stakeholder Management

• Interacting with cross functional teams and driving the credit policy agenda and ensuring correct implementation of credit policy guidelines in origination system and decisioning platforms
• Lead discussions with external stakeholders/ channel partners during engagement calls

MAJOR CHALLENGES

(Challenges faced on an on-going basis in carrying out the job)

• Steep learning curve in terms of job skills as well as stakeholder management
• Minimizing Loss rates within pre-determined range
• Scorecard/ Model validation, Value analysis of various third-party scorecards
• Data preparation and data cleaning for data analytics
• Maintain a balance between approval rates and delinquency rates
• Drafting customized policies for different programs

DECISIONS

(Key decisions which the role needs to elevate to superior)

• Whether to have an increased approval rates at the risk on increased delinquency rates
• Escalation related to partner level with respect to portfolio quality.

DIMENSIONS

(Key numerical data which will reflect the scope and scale of activities concerning this job)

Other Dimensions (FY 24)

(Significant volume dimensions associated with the job)

Proficient in -

• Data Analytics
• Model Validation
• Policy Formulation
• Portfolio Management
• Stake Holder Management

SKILLS AND KNOWLEDGE

Educational Qualifications

a) Qualifications

• Minimum Qualification: Postgraduate in Finance/Statistics/Management from Tier 1 institutes
• Skills: R/Python, SQL, Advanced Excel

b) Work Experience

• 3 4 years in Credit policy for Digital lending