Role Overview
As an Underwriting Analyst, you will assess the creditworthiness of startups and SMEs seeking debt capital, build financial models, prepare credit memos, and help design and scale our underwriting processes.
Key Responsibilities
- Credit underwriting: Underwrite startups and SMEs seeking debt capital by analysing financial statements, GST returns, bank statements, credit bureau reports and business unit economics, and make clear, well-reasoned credit recommendations.
- Financial modelling: Build and maintain financial models covering historical performance, projections, cash flows, debt-servicing capacity and sensitivity analysis to assess repayment ability and size facilities appropriately.
- Credit and investment memos: Prepare Credit Assessment Memos (CAMs) and investment memos that set out the business, financial performance, key risks and mitigants, and the recommended deal structure for credit committees and lending partners.
- Due diligence: Conduct financial, operational and legal due diligence on prospective borrowers, and propose appropriate deal structures, covenants and risk mitigants.
- Industry and peer analysis: Benchmark borrowers against sector peers and track industry trends to assess competitive positioning and sector-specific risks.
- Process design: Design, standardise and document underwriting frameworks and credit policies, and partner with the Product and Engineering teams to automate and scale them.
- Portfolio monitoring and MIS: Track portfolio performance and early-warning indicators, and maintain accurate internal MIS and management reporting.
- Fundraising and investor relations: Support Recur Club’s own fundraising and investor relations, including preparing investor materials, data requests and periodic updates.
Requirements
- 0-2 years of experience in one or more of the following:
- Investment Banking, Venture Capital, Private Equity or Structured Credit
- Financial Due Diligence
- Credit Underwriting at a digital lender, NBFC or bank
- Data Analytics at a financial services firm
- Qualified CA, B.Com or an equivalent undergraduate degree.
Skills and Competencies
- Strong understanding of financial statements and key financial metrics.
- Strong financial modelling skills and advanced proficiency in Excel.
- Clear written communication, with the ability to produce concise, well-structured credit and investment memos.
- Ability to work through unstructured problems and build scalable, long-term processes.
- Ownership mentality, with comfort owning end-to-end workflows and working with stakeholders across Sales, Product, Engineering and Customer Success.
- Genuine interest in helping founders unlock growth through better access to capital.
What We Offer
- Ownership: We want you to feel like an owner, and that will be reflected in your salary and equity.
- Resources: Best-in-class equipment to help you excel at work.
- Work-life balance: We do our best work when we are balanced.
- Flexible leave and working hours: We do not follow conventional work practices that do not suit the kind of work we do.
- Great colleagues: We value a culture of authenticity, humility and excellence, and we want you to leave your mark on it.