Requirements
2–4 years underwriting SME or commercial credit at a bank, non-bank lender or fintechGenuine hands-on financial analysis — you've spread statements yourself, not just reviewed someone else's spreadsComfort with bank statement analysis and cash flow assessment as a primary underwriting tool, including businesses where the reported numbers and the bank activity don't matchStrong Excel; comfortable working at volume without losing accuracyClear written English — your credit memos are how decisions get madeWillingness to learn UAE credit infrastructure quickly. We don't expect you to arrive knowing AECB, Ejari or the UAE VAT regime; we do expect you to be fluent in them within a couple of monthsNice to havePrior experience underwriting a market you weren't physically based inExposure to receivables finance or invoice discountingKnowledge of AI tools and LLM modelsWorking arrangementsYou'll be aligned to the UAE working week and business hours to stay in step with the Dubai team, Investment Committee and the commercial desk. Expect daily contact with Dubai colleagues and periodic travel there.What success looks like1 month — fluent in UAE documentation and bureau data; underwriting straightforward files with review3 months — underwriting independently across all three products and presenting your own cases at Investment Committee6 months — trusted on complex and enhanced-review files, with a rating-accuracy record that holds up against realised portfolio outcomes
Description
What is FlapKap ? FlapKap is a data-driven fintech lender providing short-term working capital to SMEs in the UAE. We underwrite businesses on their financial health and cash flow dynamics rather than traditional collateral-based criteria, using AI-powered credit models built in-house.We lend across three products:POS Financing — installment facilities for B2C merchants with significant card-based revenueShort Term Loan (STL) — working capital facilities for B2B trading, service and manufacturing SMEsInvoice Discounting (ID) — advances against approved receivables from verified debtorsWhat will you do ?This role sits in our Cairo office and underwrites the UAE book. You'll work the same files, the same credit policy and the same committee as the Dubai team — the desk is just in a different city.Your job is underwriting: take an application, spread the financials, verify what can be verified, form a view on whether this business will repay, and put a defensible recommendation in front of the Investment Committee. You'll do a high volume of it, across all three products, and you'll get good at spotting the patterns that don't show up in any single document.Job responsibilities:Underwrite POS, STL and Invoice Discounting applications end to endSpread and analyse bank statements, VAT filings, audited financials, management accounts and receivables/payables ageing reportsExtract and interpret AECB credit bureau reports, and cross-verify them against bank statements and facility letters — the sources routinely disagree, and working out which one is wrong is most of the jobInput verified data into our product-specific credit models and assign risk ratingsVerify supporting documentation: trade licenses, Ejari and rent contractsAssess debtor quality on invoice discounting files — payment history, relationship tenure, invoice authenticityFlag enhanced-review triggers: thin bank-verifiable revenue, offshore revenue concentration, single-debtor dependency, minimal apparent value-addPrepare credit memos and present recommendations to Investment CommitteeCoordinate with the Dubai team on pre-disbursement steps — site visits and in-person verification stay with colleagues on the groundFeed patterns you notice back to the Head of Credit; the policy gets revised on the strength of what underwriters actually see in the files