LenDenClub - Credit Manager

Credit Manager

About LenDenClub :

LenDenClub is a leading peer-to-peer lending platform that provides an alternate investment opportunity to investors or lenders looking for high returns with creditworthy borrowers looking for short-term personal loans. With 1 million+ investors on board, LenDenClub has become a go-to platform to earn returns in the range of 10%-12%. LenDenClub offers investors a convenient medium to browse thousands of borrower profiles to achieve better returns than traditional asset classes. Moreover, LenDenClub is safeguarded by market volatility and inflation.

LenDenClub provides a great way to diversify your investment portfolio. LenDenClub has recently raised US $10 million in a Series A round from an association of investors.

With the new round of funding, LenDenClub is valued at more than US $51 million and now aims to scale up substantially, eyeing a 5X growth in disbursals in the next 18 months. It has already disbursed more than 2000 crore worth of loans in this fiscal alone. The fresh capital will be used in aggressive expansion, taking its loan book growth to $1 billion and upscaling the user-base to 10 million from the current 2.5 million by FY 2022-23. With LenDenClub being the only P2P player in India breaking market milestones constantly, it is now comparable with overseas giants like Zopa and LendingClub in the UK and the US respectively, both of which have now transitioned to a well established digital bank.

Why work at LenDenClub? :

LenDenClub is a certified great place to work. The certification comes from the Great Place to Work Institute, Inc, a globally renowned firm dedicated to evaluating companies for their employee satisfaction on the grounds of high trust and high-performance culture at workplaces.

As a LenDenite, you will be a part of an enthusiastic and passionate group of individuals who own and love what they do. At LenDenClub we believe in creating leaders and with you coming on-board you get to work with complete freedom to chase your ultimate career goal without any inhibitions.

Job Location: Goregaon (W), Mumbai.

Enabling Skill Sets and Qualifications :

1. Education- CA/MBA in Finance.

2. Experience- 2+ years experience in Credit and Risk functions of Fintech/Banks/NBFCs.

3. Ability to read and observe deep the financial statements of proposals.

4. Knowledge of Statistical techniques, Analytics is preferred and strong proficiency in MS Excel is desired.

5. Experience in digital lending, Scorecard development are preferred.

6. Ability to present complex concepts in a clear and easy consumable way to other stakeholders.

7. Problem solving, adaptability to change, enjoy a fast pace and challenging environment are the key attributes.

Roles & Responsibilities:

Credit review Process :

1. To Review credit proposals by analyzing the client credit worthiness, business strengths, market credibility, Financial statements, Cash flow Statements, IT returns, Bank records, Repayment tracks etc.

2. To Analyze Static pool of proposed partners and recommend with deep insights.

3. Portfolio monitoring: Providing timely information and insights on portfolio risk performance through reporting and analysis.

4. Data : understanding and resolving data issues in an evolving data environment.

5. Work closely with Business, Product, Tech to devise the best and most innovative solutions for satisfying Customer's needs.

Documentation & MIS :

1. Maintain thorough documentation for effective tracking of proposals documents and TAT.

2. Prepare the MIS on progress and sharing with stakeholders.

3. Develop and produce reports to measure the performance and effectiveness of processes and Policies in place.

4. Documentation and storage of all proposals appraisal chain.

Portfolio Monitoring :

1. To monitor portfolio performance by continuous analysis of Pool.

2. To set up a hindsighting process and make it effective.

3. Devise analytical tools to measure the Portfolio health from various angles and highlight early warning signals.

Cross Functional Coordination :

1. Communicate the expected credit standards by engaging with external partners, sales team and other relevant parties.

2. Oversee communication cascades to the sales teams on the broad parameters for validating partnerships proposals, providing regular training to RMs for the same.

Job Purpose :

- To contribute to the growth of the business by ensuring that Credit proposals are reviewed using adequate documentation within a committed timeframe and without compromising on quality of assessment.

- To hold regular reviews of the portfolio with the internal stakeholders.

- To decide proposals within the delegated authority framework.

- To build and maintain the Risk engine of products including business rules and scorecards.

- To implement our proprietary models across business and identify ways to improve and optimize them over time.

- To evaluate/Underwrite and recommend/decide cases of different products under digital lending platform and beyond.

- To liaison and work with external partners and consultants to develop/implement new strategies.

- To maintain and monitor the stipulated Turn Around Time (TAT).