Vice President - Credit

Progcap is an inclusive financial technology company that is a pioneer in corporate-led financing solutions for small and mid-size businesses (SMBs) in India. Working at the intersection of software and financial services, Progcap is solving a lot of problems in the entire supply chain while also bringing the underserved and capital-starved MSMEs into the formal financing space through its flagship FRCL (Fast Rotation Credit Line).

The company is backed by well-known investors, including Tiger Global, Peak XV (previously Sequoia Capital India), Google, Creation Investments, GrowX Ventures, Beams Fintech, and others.

We are seeking a seasoned Vice President to lead and institutionalize our end-to-end credit function, ensuring data led growth within a strong risk and regulatory framework.

Key Responsibilities

• Credit Risk Assessment: Lead the evaluation of corporate credit proposals, ensuring adherence to and working towards evolving risk policies.
• Define and own credit policies, underwriting frameworks, and risk appetite across lending products
• Provide oversight and final approval on complex and structured credit proposals
• Monitor and manage the corporate credit portfolio, conducting regular reviews and tests to identify risks.
• Monitor and manage portfolio quality (delinquencies, NPAs, vintage analysis, concentration risk)
• Lead credit committees, risk reviews, and early warning mechanisms
• Structure cash-flow based and collateral-backed lending solutions
• Act as the senior credit interface for banks, co-lenders, and institutional partners
• Ensure compliance with RBI regulations, KYC/AML standards, audits, and governance requirements
• Build and lead high-performing underwriting and portfolio risk teams
• Develop and update credit risk policies, ensuring compliance with regulations and internal standards.
• Leverage AI, machine learning, and analytics to improve lending decisions, customer outcomes, and portfolio performance.
• Develop frameworks for CAM-based lending, pre-approved offers, limit enhancement, and cross-sell opportunities.
• Drive data-driven decision-making across the lending lifecycle.

Candidate Profile

• 10 -12+ years of experience in SME /Supply Chain Finance industry
• Strong exposure to Working Capital, Term Loans, SCF, Bill Discounting, and Structured Debt
• Strong problem-solving skills, intellectual curiosity, and a builder's mindset.
• Data Driven and Analytical