The Jar app is a habit-building micro-savings platform that helps users save fixed amounts from as little as 10 in 24K digital gold. Our users also have the option to convert these savings to cash or physical gold at their convenience.
Jar also effortlessly facilitates investments by enabling users to save while they spend, utilising our round-off method, like a digital piggy bank.
Founded by Misbah Ashraf, former founder of community-focused e-commerce platform Marsplay, and Nishchay AG, former director and founding member at mobility start-up Bounce, Jars unwavering mission is to shatter psychological barriers to saving and investing, thus spearheading the Financial Fitness revolution for Bharat.
At Jar, we believe that savings are just the beginning for our customers. We want to walk alongside them through every step of their financial journey, which is why we have now expanded our offerings to meet those needs.
Jar Ready Cash
Jar Ready Cash is Jars loan product with a 100% digital journey, no paperwork and quick disbursals so that customers can access credit conveniently. With flexible repayments and help just a click away, customers dont have to break their savings when an emergency comes calling.
Nek
Nek is an affordable luxury jewellery brand that is powered by Jar. It is the culmination of what we know best; affordability, the value of gold and crafting incredible connections. Neks wide collection of silver and gold jewellery is made with meticulous artisanship to celebrate you and find the magic in every occasion.
Scope of Work:
As a Manager for underwriting risk management at Jar, you will apply your strategic and analytical skills to major company challenges. You ll team with best in industry professionals to develop and test risk strategies that ultimately impact the bottom line (revenue growth and risk management) and you will do it all in a collaborative environment that values your insight, encourages you to take on new responsibilities, promote continuous learning, and reward innovation.
This role will have accountability across maintaining and optimising underwriting strategies by setting up the approval decline policy, loan amount strategy, and pricing strategy. You will also work on creating multiple A/B testing to optimising the current strategy as well find future pockets to explore from a lending standpoint. A bigger part of this role will also include monitoring the strategy by measuring key behavioural metrics and reporting out to leadership from future recommendation standpoint
Specific Responsibilities Include, But Are Not Limited To
- Strategic: Develop risk strategies to manage risk and drive growth amid changing consumer and regulatory demands.
- Credit Risk: Improve credit performance by linking future trends with historical data and testing hypotheses.
- Execution: Manage and execute strategies, collaborating with the Risk Technology team to meet business requirements.
- Partnership: Work with Product, Merchant, Growth teams, and others to enhance risk management.
- Strategic & Analytic Orientation: Utilize strong analytical skills and quantitative thinking to make data-driven decisions and solve problems.
- Strong Business Judgment: Make informed decisions with a balanced and responsible approach.
- Strong Communication Skills: Communicate effectively, influence strategically, and negotiate well.
- Clear Results Orientation: Focus on achieving both short- and long-term goals in a dynamic, fast-paced environment.
Preferred Qualifications:
- MBA or Master s degree in Finance or Accounting
- 3+ years experience in credit risk management roles (preferably consumer loans) in an Indian bank, NBFC, or e-commerce start-up
- 1+ years experience in people management role
Required skills:
- Should have hands on experience on designing underwriting risk policies for digital lending products.
- Strong analytical mind-set and numeric abilities.
- Excellent verbal and written communication skills.
- Strong knowledge of credit risk analysis/underwriting principles, methods, and practices.
- Proficient with MS Office. Experienced in data analysis tools like SQL, Tableau is preferred.
- Ability to approach problems in a quantitative and qualitative manner, attention to details.
- Strong collaboration skills, and the ability to build rapport with members of other departments.
As founders, we take a great deal of pride in how far Jar has come as a company, not just in terms of the product and service we have built, but because of the many incredible people who have trusted us and joined us on our journey. At Jar, were working on solutions that could positively impact over 400 million Indians who find themselves stalled on their financial journey.
Its not something we can solve alone; it takes the collective effort and innovation of a great number of people to do that. Its only natural, then, that we look for problem solvers and collaborators, people who fail fast, learn just as quickly from those failures and boldly offer unconventional insight and perspective when faced with challenges.
We know that the next great idea can come from anyone and we strive to foster the kind of environment where those ideas get carried to execution without losing their greatness. No matter what their stint at Jar was like, we want our team to look back on it and feel like they learned, grew and succeeded, just as Jar did. If that sounds a little scary, a little difficult, but also interesting and exciting, then youll probably fit right in.
Jar is a diverse and inclusive workplace that embraces the ideas and perspectives of all employees, and recognizes their efforts and contributions regardless of ethnicity. Our workspace also boasts a great blend of youth and experience, which helps us maintain a transparent culture with no micromanagement. We also have flexible working hours, and provide medical insurance to all employees.
