Join our dynamic Regulatory & Financial Risk team in Mumbai as a Deputy Manager specializing in Credit Underwriting. This role is integral to our Risk Regulatory & Forensic Practice, where innovation and transformation drive our ability to solve complex client challenges. You'll leverage your expertise to deliver strategic insights and implement solutions from both business and technology perspectives.

As a key member of our team, you will cultivate strong relationships with colleagues and clients, consistently aiming to surpass expectations. We are seeking a seasoned Credit Underwriter or Credit Underwriting Analyst to meticulously evaluate and approve credit applications across diverse lending portfolios, including retail, SME, commercial, and corporate. Your responsibilities will encompass in-depth financial analysis, robust creditworthiness assessment, collateral and covenant evaluation, and ensuring strict adherence to internal credit policies and regulatory mandates. The ideal candidate will foster collaborative partnerships with business, credit risk, and operations teams to ensure high-quality underwriting decisions that promote sustainable portfolio expansion.

Your core duties will involve conducting detailed financial statement analyses, including income statements, balance sheets, and cash flow reviews, alongside performing essential ratio analyses to assess profitability, liquidity, leverage, and solvency. You will prepare financial spreads and standardize borrower financials within our internal credit systems, ensuring data accuracy and consistency. A significant part of your role will be comprehensive credit risk assessment, analyzing business models, industry dynamics, and management strength, followed by well-supported recommendations. You will also draft credit appraisal notes and risk assessment reports, clearly articulating key risks, mitigants, and repayment capacities. Supporting internal risk rating processes and monitoring existing portfolio accounts through periodic reviews and covenant tracking are also key functions. Collaboration with relationship managers and risk stakeholders to resolve credit queries, coupled with conducting industry and macroeconomic research, will be essential. Ensuring compliance with internal policies, regulatory frameworks, and maintaining proper audit trails are paramount. Finally, you will contribute to process improvement initiatives and the automation of credit workflows.

This role requires 3–5 years of dedicated experience as a Credit Underwriter. A strong grasp of financial statement analysis, ratio analysis, cash flow assessment, and fundamental credit risk principles is essential. Prior experience in preparing financial spreads, credit appraisal notes, and internal risk rating assessments is necessary. You should possess knowledge of credit underwriting processes, various lending products, and relevant regulatory frameworks within the banking and financial services sector. The ability to assess business models, industry risk, management quality, and macroeconomic impacts on borrower performance is crucial. Proficiency in MS Excel, including advanced functions and financial modeling, is required, along with familiarity with credit or risk management systems. Excellent analytical and problem-solving skills, a keen eye for detail, and strong written and verbal communication abilities are vital for presenting credit recommendations. Experience in portfolio monitoring, covenant tracking, and identifying early warning signals is preferred. You must be adept at managing multiple assignments under tight deadlines while upholding high-quality standards.