Job Title:  Deputy Manager | Credit Underwriting | Mumbai | Regulatory & Financial Risk

The team

Innovation, transformation and leadership occur in many ways. At Deloitte, our ability to help solve clients’   most complex issues is distinct. We deliver strategy and implementation, from a business and technology view, to help you lead in the markets where you compete. Learn more about our Risk Regulatory & Forensic Practice.

Your work profile
As an Deputy Manager in our team you’ll build and nurture positive working relationships with teams and clients with the intention to exceed client expectations: -We are seeking an experienced Credit Underwriter / Credit Underwriting Analyst to evaluate and approve credit applications across retail, SME, commercial, or corporate lending portfolios. The role involves conducting in-depth financial analysis, assessing borrower creditworthiness, evaluating collateral and covenant structures, and ensuring alignment with internal credit policies and regulatory guidelines. The ideal candidate will collaborate closely with business, credit risk, and operations teams to deliver high-quality underwriting decisions that support sound portfolio growth. 

Key Responsibilities

• Conduct detailed financial statement analysis including income statement, balance sheet, and cash flow review. Perform ratio analysis and trend assessment to evaluate profitability, liquidity, leverage, and solvency.
• Prepare financial spreads and standardize borrower financials in internal credit systems. Ensure accuracy, completeness, and consistency of data used for credit evaluation.
• Perform comprehensive credit risk assessment by analyzing business models, industry dynamics, and management strength. Provide well-structured recommendations supported by quantitative and qualitative analysis.
• Draft credit appraisal notes and risk assessment reports for new and existing exposures. Clearly highlight key risks, mitigants, covenant structures, and repayment capacity.
• Support internal risk rating processes by evaluating borrower financial performance and risk drivers. Ensure ratings are aligned with internal credit policies and regulatory requirements.
• Monitor existing portfolio accounts through periodic reviews and covenant tracking. Identify early warning signals and escalate potential risks in a timely manner.
• Collaborate with relationship managers, underwriting teams, and risk stakeholders to resolve credit-related queries. Provide analytical support during deal structuring and renewal discussions.
• Conduct industry and macroeconomic research to assess external risk factors impacting borrowers. Incorporate sector outlook and market trends into credit recommendations.
• Ensure adherence to internal policies, regulatory frameworks, and documentation standards. Maintain proper audit trails and support internal or external audit requirements.
• Contribute to process improvement initiatives and automation of credit workflows where applicable. Support data quality enhancement and continuous improvement in credit evaluation practices. 

Key skills required:

• 3–5 years of experience as a Credit underwriter.
• Strong understanding of financial statement analysis, ratio analysis, cash flow assessment, and credit risk fundamentals.
• Experience in preparing financial spreads, credit appraisal notes, and internal risk rating assessments.
• Knowledge of credit underwriting processes, lending products, and regulatory frameworks applicable to banking and financial services.
• Ability to assess business models, industry risk, management quality, and macroeconomic impact on borrower performance.
• Proficiency in MS Excel (advanced functions, financial modeling, data analysis) and familiarity with credit or risk management systems.
• Strong analytical and problem-solving skills with attention to detail and accuracy.
• Effective written and verbal communication skills to present credit recommendations clearly to stakeholders.
• Experience in portfolio monitoring, covenant tracking, and identification of early warning signals is preferred.
• Ability to manage multiple assignments under tight deadlines while maintaining quality standards.