Senior Risk Analyst

A bit about axiTrust. And the moonshot we are chasing!

If "surety bond" did not ring an immediate bell, that is the problem and the opportunity.

Every year, thousands of crores of MSME working capital sits locked inside bank guarantees. It is the price businesses pay just to participate: to win a government tender, to bid for a corporate contract, to prove they will deliver. The bank guarantee is how Indian commerce builds trust. It is also slow, expensive and largely inaccessible to the small and mid -sized business that actually does most of the building.

A surety bond does the same job better. It is how a contractor proves to a project owner that they will deliver, without tying up their balance sheet to do it. It is the trust infrastructure that makes tendering work. And in a country running an infrastructure push of the scale India is, the category we are creating has the potential to move GDP, not just metrics.

We are building India's first full -stack surety bond platform for MSMEs, and we are only beginning to discover how far the use case goes. Every industry that runs on contracts, tenders and performance guarantees is a potential home for surety bonds. Every new use case is a new set of relationships to build: Insurers who underwrite the risk, Beneficiaries who accept the bond, Channel Partners who distribute it and MSMEs who finally have access to a tool their larger competitors have always had. This is not a market we are entering. It is a category we are creating.

We were founded in 2024 by serial entrepreneurs and industry veterans who have done this before (ex -founders of numberz, acquired by Chargebee), backed by global VCs and industry veterans, with platform partnerships already running across Government, leading Insurers, corporates and PSUs. We are digital -first and AI -savvy by design. The underwriting function is not a back -office operation here. It is a core product capability — and the people who build it will shape how surety risk is assessed in India for decades.

We move at the pace of our change -the -world conviction.

Why this role even exists. And why now.

Surety bonds are new territory for most of the Indian market. That means we are not inheriting someone else's underwriting playbook. We are writing it.

Right now, our underwriting function is handling real transactions across MSME and contractor segments, building the data assets and decision frameworks that will underpin the platform at scale. What we do not yet have is enough analytical depth and modelling rigour to do that at the pace the business is growing. Every file that moves through underwriting is a data point in the category we are creating. We need people who treat it that way.

If this hire works, we have a sharper, faster decisioning function, risk models that get better with every cycle and a team that is genuinely building something that has not existed in this market before. That is the job.

What you will own. All four of them.

1. Credit decisioning on real proposals. You will underwrite independently across MSME, contractor and infrastructure -linked borrower segments. That means reading the file, assessing the exposure, integrating multiple data sources and arriving at a defensible decision — not passing it up the chain for someone else to call.

By 90 days: Independently underwriting and signing off on proposals within your delegated authority. Decision turnaround time and accuracy tracked and meeting team benchmarks.

By 12 months: A demonstrable record of credit decisions that have held up — no material surprises on files you owned. Sector judgment visible in the quality of your write -ups.

2. Risk models and automated decisioning. You will build and calibrate application and behavioural scorecards, integrate alternative data sources — GST, e -invoices, bank statements, bureau, financials — and work closely with the Product and Tech team to ship automated decision journeys. Pre -screen to decision to document to activation. The goal is speed without sacrificing rigour.

By 90 days: At least one meaningful contribution to an existing model or data integration — back -tested and documented. An understanding of where the current automated journeys break and a view on how to fix them.

By 12 months: At least one scorecard or automated rule set built from scratch and deployed in production. Back -testing results shared with the team and improvements recommended.

3. Portfolio monitoring and early -warning. You will track portfolio performance, flag early -warning signals and recommend corrective measures before they become losses. This is not a reporting job. It is a judgment job.

By 90 days: Monitoring dashboard understood and actively used. First set of early -warning flags raised with sector context, not just data.

By 12 months: A monitoring framework that is proactive rather than reactive. At least one instance of a portfolio signal caught early and actioned before it became a problem.

4. Mentoring and risk intelligence. Depending on your experience level, you will mentor junior underwriters on credit evaluation, sector judgment and best practices. You will also feed risk signals — sector stress, fraud patterns, model drift — back to Policy and Product. The knowledge in your head has to flow outward.

By 90 days: At least one junior team member visibly improving under your guidance. First risk intelligence note shared with Policy or Product.

By 12 months: Recognised internally as a go -to voice on at least one sector or methodology. Risk signal contributions have influenced at least one policy or product decision.

What a week actually looks like.

• 40% Credit underwriting and file decisions. Reading proposals, assessing cash flows and sector dynamics, integrating data sources, writing up decisions. This is the core of the job. Everything else supports it or flows from it.
  
• 25% Risk modelling and automation. Building or improving scorecards, calibrating rules, working with Product and Tech on automated journeys, running back -tests. Analytical rigour applied to systems, not just individual files.
  
• 15% Portfolio monitoring and early -warning. Reviewing exposure concentrations, sector trends, early signals. Flagging what matters before it becomes a loss conversation.
  
• 10% Mentoring and knowledge transfer. Working with junior underwriters on their files, sharing sector context, raising the average quality of the team's decisioning.
  
• 10% Risk intelligence and cross -functional inputs. Feeding structured signals on sector stress, fraud patterns and model drift to Policy, Product and senior leadership. The field intelligence that makes the platform smarter.
  

The people you will work with.

You report to the Head of Underwriting. Depending on your seniority, junior analysts may report to you or work closely alongside you with your guidance.

Your primary working relationships are within the underwriting team, but you will interact regularly with the Product and Tech team on automation and model deployment, with the Sales and Business Development teams on deal structuring and feasibility, and with external insurer and reinsurer partners who need to understand the risk decisions behind every bond. You will also engage directly with borrowers and their advisors on complex proposals where additional data or context is needed.

What good looks like at six months.

• Independent underwriting on a regular flow of proposals, with decisions that hold up under review and over time.
  
• At least one scorecard or automated rule contribution live in production and demonstrably improving decision speed or accuracy.
  
• Portfolio monitoring is active, not reactive. At least one early -warning signal caught and actioned before it escalated.
  
• Junior team members are measurably sharper because of your involvement in their work.
  
• Risk intelligence is flowing outward — to Policy, to Product, to leadership — in a structured and useful form.
  
• The Head of Underwriting trusts your judgment on a file. Not because you always get it right, but because your reasoning is always sound and your calls are always honest.
  

Requirements

What we hope you bring.

Three to eight years in credit underwriting, risk modelling or credit analysis, at a bank, NBFC, credit rating agency, fintech or credit insurance firm. You have evaluated complex credit proposals on your own, not just assisted someone else. You know what a stressed cash flow looks like and you know how to think about sector -specific risk in a way that goes beyond the standard template.

Expertise in cash -flow based lending assessment and stress -testing of financial projections is the analytical foundation we are hiring for. Experience in risk modelling, automated decisioning or alternative data integration is a strong plus. Familiarity with surety bonds or credit insurance is not required, but intellectual curiosity about how risk works in a category -creation context is non -negotiable.

A postgraduate degree in Finance, Commerce, Economics, Statistics or Accounting. Professional qualifications — CA, CFA, MBA -Finance or FRM — are strongly preferred. Strong command of MS Excel and financial modelling is expected. Experience with credit appraisal systems is useful.

You do not need to have worked in surety before. You do need to be the kind of analyst who wants to build the framework, not just apply one that already exists.

Honestly? This might not be for you if…

• You prefer to review files rather than own the decision on them.
  
• You treat a scorecard as a substitute for judgment rather than a tool that sharpens it.
  
• You are comfortable with model drift as long as the numbers look fine on the surface.
  
• You think mentoring junior analysts is a distraction from the real work.
  
• You think working in a regulated, technical, slightly unsexy industry is beneath you.
  
• You want a logo your friends recognise at parties.
  
• You think Friday team socials are a waste of time.
  
• "We have always done it this way" sits comfortably in your vocabulary.
  

The values we actually live by.

I.C.G.R.I.T. is how we work. These values were not written on a retreat and filed away. They have evolved with us over many months. We strive hard that they show up in every interaction, review, every offer letter and more importantly, in every Tuesday afternoon when the easy choice and the right choice are different.

Integrity.

The real test is what you do when no one is watching. We act with honesty, fairness and consistency: with customers, with partners and with each other. In a category built on trust between counterparties, how we conduct ourselves is part of the product.

Commitment.

Done beats perfect. We deliver outcomes, not activity reports. The test is simple: did the thing you said would happen, happen?

Growth.

High standards and a human culture are not in tension here. We hold each other to excellence and we support each other to get there. Growth means getting better as a professional and as a person, often at the same time.

Responsibility.

We build with, not for. axiTrust resides inside an ecosystem: Insurers, Reinsurers, Government, MSMEs and Partners who all need to win for this category to work. Being responsible for your own work is the floor, not the ceiling.

Innovation.

We are building infrastructure that is meant to last, not score points in the short term. That means experimenting with intent and killing what does not work without ego. Short -term cleverness at the cost of long -term credibility is not innovation. It is noise.

Trust.

Trust is earned, not assumed. We earn it through reliability, professionalism and consistency: with customers, with partners and with each other. Trust is as much the product as the platform.

Benefits

What's on the table. Comp and the rest.

• Competitive fixed and variable pay combo calibrated to your experience. The specific range is shared with shortlisted candidates after the first conversation. ESOPs are part of the package, not a footnote.
  
• Health cover for you and immediate family.
  
• Annual learning budget for courses, conferences or that Python bootcamp you have been eyeing.
  
• Based in Mumbai, with occasional travel to insurer and reinsurer partners, industry bodies and borrower visits as needed.
  
• A founders' office that talks to Underwriting constantly, not every quarter.