Manager - Credit Underwriting
Klub HQ, Bangalore /
Investments, Data & Risk /
Full-Time, In Office
Klub was founded to make capital accessible for founders (we know how taxing raising funds can get). As India’s largest Revenue Based Financing platform, we offer non-dilutive capital up to ₹30 crores for consumer brands across 35+ sectors (F&B, Fashion, Health & Wellness, Electronics, Cloud Kitchens & more) We have facilitated over 1000 investments in leading brands of India including BluSmart, Third Wave Coffee Roasters, SMOOR, Tagz Foods, Hero Electric, Bewakoof & more!
Here’s what makes us the most scalable growth capital partner for new-age businesses:
#Founder-friendly: No pitch decks, no personal guarantees, no equity dilution, no board seats. Speed: Our turnaround time is very fast, which helps us in meeting any urgent capital requirements. Companies can apply online on our app in less than 10 mins and get a term sheet within 48 hours!
#Product-led: By relying exclusively on data and metrics, we take bias out of decision-making. (Fun fact:30%+ of our portfolio has women founders/CXOs)Flexible: Companies pay as a percentage of revenues. They can choose to raise as little as ₹ 5 lakhs to as much as ₹30 crs, based on their metrics and capital requirements.
# We raised $2 mn at an idea stage in December 2019 from Sequoia Capital’s Surge program, and marquee investors like Naveen Tewari (Founder, InMobi Group), and Kunal Shah (Founder, CRED).
# Raised $20 mn in one of the largest seed rounds by an Indian Fintech company. This includes marquee investors like GMO (Japan), Alter Global (USA), and others.
# Became one of the first RBF players to launch a $30 mn fundFacilitated 1000+ investment rounds in over 400 leading consumer brands (from bootstrapped companies to unicorns!)
- Ensuring that the credit underwriting process is completed within established timeframes and SLAs. The credit operations manager would need to track performance metrics, identify bottlenecks, and work with stakeholders to streamline processes and improve efficiency
- The credit manager is responsible for ensuring that the underwriters have the knowledge, resources, and support they need to evaluate complex credit applications. This may involve conducting training sessions, providing feedback and coaching, and helping to develop solutions for challenging cases
- The credit manager would need to review existing standard operating procedures (SOP) and identify areas for improvement. They would then work with the team to develop and implement new SOPs to streamline processes, reduce errors, and improve efficiency
- The credit manager would need to build and maintain strong relationships with lending partners to ensure a smooth and efficient credit process. This may involve negotiating terms, identifying areas for improvement, and providing regular updates on credit performance
- The credit manager would need to ensure that relevant data and reports are collected and analyzed, and that insights are shared with key stakeholders, such as senior management, sales teams, and lending partners
- Analyze credit data and financial statements to determine the creditworthiness of new and existing customers
- Develop and implement credit policies and procedures to minimize risk and improve efficiency
- Monitor credit trends and market conditions to identify potential risks and opportunities
- Review and present opportunities to the Investment Committee
- Manage the collections process for delinquent accounts
- Build and maintain relationships with key stakeholders, including customers and supply partners
- Provide regular reports and updates to senior management on credit performance and risk exposure
- Stay up-to-date with industry trends and best practices in credit management and share knowledge with the team
- Collaborate with other departments, such as sales and finance, to ensure a seamless customer experience
- Bachelor's degree in Finance, Economics, or a related field; advanced degree (e.g., MBA or CFA) is highly desirable
- 4 to 6 years of underwriting experience in SME Lending with a Fin-tech, NBFC or Bank. Total work experience within 6 years. Should have at least 1 year of team management experience.
- Skills: Advanced Excel, Strong with analyzing Financial statements, Bank statements and other data sets gathered for risk assessment
- Strong written and verbal communication skills
We are a 100+ member team based out of Bangalore (Koramangala). Our founders are Anurakt Jain (Corporate Intrapreneur at InMobi, VC at DFJ and Vertex; IIT-D, Wharton, CFA) & Ishita Verma (i-banking/investing veteran at Kotak, Unitus Capital, Snyder UAE; LSR, IIM-B).Find more about our leadership team here.
Here are some of the reasons why our team enjoys working at Klub:
# Solving challenging problem statements
# High-growth stage startup with fast execution
# Diverse cultureStructured thinking & approach
# Supportive team
# Know more about life at Klub from our team.
What you should expect at Klub?
# Career acceleration: Our best performers had 3+ promotions/charter expansions in 2yrs
# Upskilling: Dedicated learning and development department with budgets and weekly learning hours
# International exposure: Klub’s going global and you will have a front-row seat. We have already piloted in the middle east.
# Salary: Market-benchmarked compensation
# ESOPs: Get skin in the game, and grow with the company!
# Generous paid time off: For days you wake up with sniffles and days when you need to unwind
# Healthcare benefits: Insurance coverage for self, spouse, and kids
# Fun: Our team likes football matches, board games, frequent team lunches, and celebrating milestones!
# Diversity: We are an equal opportunity employer We do not discriminate on the basis of race, creed, color, religion, gender, sexual orientation, gender identity/expression, age, or similar conditions. 40% of our team is women and we’re committed to increasing this number.
What are we looking for in a candidate?
Read the blog that defines our culture. TLDR; Fire in the belly, intellectual curiosity, a drive to deliver, exceptional accountability, and humility.
About the application process
Apply through our careers page
3 rounds of video or in-person interviews to assess role fit, general aptitude, and cultural fitment
Craftsmanship assignments or case studies (for select roles)