- Underwrite payday and short-term loan applications within tight TAT, using bureau data, bank statement analysis and alternate/app,based data.
- Own and refine credit policy, score cut-offs, ticket size and tenure limits specific to the payday product.
- Monitor First Payment Default (FPD), bounce rate, roll rates and early delinquency on the payday book daily, and flag deterioration quickly.
- Build differentiated underwriting rules for first-time payday borrowers versus repeat/returning borrowers.
- Work with the Fraud/Risk team on payday-specific patterns, multiple concurrent loans, identity/KYC mismatches, device and banking anomalies.
- Coordinate with Collections on early-bucket delinquency for short tenure loans, and feed learnings back into underwriting.
- Track approval rate, disbursal, NPA and credit loss for the payday portfolio and report to leadership.
- Ensure underwriting and collections practices comply with RBI digital lending guidelines.

Key Performance Indicators (KPIs)

- Approval Rate & Disbursal Conversion
- First Payment Default (FPD)
- Bounce Rate & Roll Rates
- NPA / Write-off and Net Credit Loss
- Repeat Borrower Performance
- Credit TAT

Required Skills & Qualifications

- Bachelor's degree in Finance, Economics, Commerce or a related field.
- 1 to 4 years of experience in credit underwriting or credit risk,



with hands on experience underwriting payday loans or short-term loans specifically, this is mandatory, not just general unsecured lending experience.
- Working knowledge of credit bureau reports, bank statement/banking-behaviour analysis and digital KYC.
- Comfort with high volume, fast-TAT decisioning in a small-ticket, short-tenure lending workplace.
- Strong Excel skills; familiarity with SQL or BI tools is an advantage.
- Clear understanding of RBI digital lending guidelines as applicable to payday/short-term products.

Preferred Experience

- Prior payday loan or short-term loan underwriting role at an NBFC or lending fintech.
- Experience with bureau-based scorecards and repeat-borrower risk segmentation.
- Exposure to fraud-risk controls in a high-volume digital lending business.

Ideal Candidate Someone who has actually underwritten payday or short-term loans before.

Comfortable making fast, well reasoned credit calls on small-ticket, high-frequency lending.

Able to balance approval rate against delinquency in a book built on speed and repeat borrowers.

Lending decisions must stay grounded in affordability and repayment capacity, in line with RBI requirements and the company's risk appetite.

📌 Credit Manager (Delhi)
🏢 Jay Finance Private
📍 Delhi