3+ Underwriting Jobs in Bangalore (Bengaluru) | Underwriting Job openings in Bangalore (Bengaluru)
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Python
Data AnalyticsAbout Us:
Optimo Capital is a newly established NBFC founded by Prashant Pitti, who is also a co-founder of EaseMyTrip (a billion-dollar listed startup that grew profitably without any funding).
Our mission is to serve the underserved MSME businesses with their credit needs in India. With less than 15% of MSMEs having access to formal credit, we aim to bridge this credit gap through a phygital model (physical branches + digital decision-making).
As a technology and data-first company, tech lovers and data enthusiasts play a crucial role in building the analytics & tech at Optimo that helps the company thrive.
What We Offer:
Join our dynamic startup team as a Senior Data Analyst and play a crucial role in core data analytics projects involving credit risk, lending strategy, credit underwriting features analytics, collections, and portfolio management. The analytics team at Optimo works closely with the Credit & Risk departments, helping them make data-backed decisions.
This is an exceptional opportunity to learn, grow, and make a significant impact in a fast-paced startup environment. We believe that the freedom and accountability to make decisions in analytics and technology bring out the best in you and help us build the best for the company. This environment offers you a steep learning curve and an opportunity to experience the direct impact of your analytics contributions. Along with this, we offer industry-standard compensation.
What We Look For:
We are looking for individuals with a strong analytical mindset and a fundamental understanding of the lending industry, primarily focused on credit risk. We value not only your skills but also your attitude and hunger to learn, grow, lead, and thrive, both individually and as part of a team. We encourage you to take on challenges, bring in new ideas, implement them, and build the best analytics systems. Your willingness to put in the extra hours to build the best will be recognized.
Skills/Requirements:
- Credit Risk & Underwriting: Fundamental knowledge of credit risk and underwriting processes is mandatory. Experience in any lending financial institution is a must. A thorough understanding of all the features evaluated in the underwriting process like credit report info, bank statements, GST data, demographics, etc., is essential.
- Analytics (Python): Excellent proficiency in Python - Pandas and Numpy. A strong analytical mindset and the ability to extract actionable insights from any analysis are crucial. The ability to convert the given problem statements into actionable analytics tasks and frame effective approaches to tackle them is highly desirable.
- Good to have but not mandatory: REST APIs: A fundamental understanding of APIs and previous experience or projects related to API development or integrations. Git: Proficiency in version control systems, particularly Git. Experience in collaborative projects using Git is highly valued.
What You'll Be Working On:
- Analyze data from different data sources, extract information, and create action items to tackle the given open-ended problems.
- Build strong analytics systems and dashboards that provide easy access to data and insights, including the current status of the company, portfolio health, static pool, branch-wise performance, TAT (turnaround time) monitoring, and more.
- Assist the credit and risk team with insights and action items, helping them make data-backed decisions and fine-tune the credit policy (high involvement in the credit and underwriting process).
- Work on different rule engines that automate the underwriting process end-to-end.
Other Requirements:
- Availability for full-time work in Bangalore. Immediate joiners are preferred.
- Strong passion for analytics and problem-solving.
- At least 1 year of industry experience in an analytics role, specifically in a lending institution, is a must.
- Self-motivated and capable of working both independently and collaboratively.
If you are ready to embark on an exciting journey of growth, learning, and innovation, apply now to join our pioneering team in Bangalore.
Overview:
The Risk Manager will oversee the organization's risk management program, assessing and identifying risks that could impede the reputation, safety, security, or financial success of the organization.
Key Responsibilities:
- Designing and managing the consumers' credit portfolio and risk within the desired target
- Driving new experiments with deeper cust understanding and segmentation
- Leverage traditional and alternate data to create risk policies and ensure effective implementation
- Continuously plans, monitors, and reviews risk management and perform regular checking and/or surveillance to ensure that risk treatment is effective
- Establish, implement and manage risk policy and control frameworks, ensuring that minimum standards, ownership and operation are documented and communicated across the Group
- Manage a governance structure to monitor, challenge and test business compliance with risk policies and control frameworks
- Develop, lead and maintain a center of expertise within 1st line risk management
- Maintain comprehensive credit policy inventory and facilitate timely periodic review/approval of credit policies
- Monitor and communicate new regulatory issues/guidance impacting credit policy, analyze the impact, interpret and implement into policy
Education and Experience:
- Bachelor's degree in Risk Management, Finance, or related field required.
- At least 7+ of related experience is preferred.
- Strong knowledge and experience in risk management and policy
- Excellent verbal and written communication skills.
- Excellent mathematical and critical thinking skills.
- Excellent analytical and problem-solving skills.
- Excellent organizational skills and attention to detail.
- Strong supervisory and leadership skills
Data AnalyticsOur client is a vertical fintech play focused on solving industry-specific financing gaps in the food sector through the application of data. The platform provides skin-in-the-game growth capital to much-loved F&B brands. Founded in 2019, they're VC funded and based out of Singapore and India-Bangalore.
Founders are the alumnus of IIT-D, IIM-B and Wharton. They have 12+ years of experience as Venture capital and corporate entrepreneurship at DFJ, Vertex, InMobi, VP at Snyder UAE, investment banking at Unitus Capital - leading the financial services practice, and institutional equities at Kotak. They've a team of high-quality professionals coming together for this mission to disrupt the convention.
As a Data Analyst - Underwriting & Risk, you will be developing a first of its kind risk engine for revenue-based financing in India and automating investment appraisals for the company's different revenue-based financing products
What you will do:
- Identifying alternate data sources beyond financial statements and implementing them as a part of assessment criteria.
- Automating appraisal mechanisms for all newly launched products and revisiting the same for an existing product.
- Back-testing investment appraisal models at regular intervals to improve the same.
- Complementing appraisals with portfolio data analysis and portfolio monitoring at regular intervals.
- Working closely with the business and the technology team to ensure the portfolio is performing as per internal benchmarks and that relevant checks are put in place at various stages of the investment lifecycle.
- Identifying relevant sub-sector criteria to score and rating investment opportunities internally.
What you need to have:
- Bachelor’s degree with relevant work experience of at least 3 years with CA/MBA (mandatory).
- Experience in working in lending/investing fintech (mandatory).
- Strong Excel skills (mandatory).
- Previous experience in credit rating or credit scoring or investment analysis (preferred).
- Prior exposure to working on data-led models on payment gateways or accounting systems (preferred).
- Proficiency in data analysis (preferred)
- Good verbal and written skills.
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