Credit Lead - UAE

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 revenue
• Short Term Loan (STL) — working capital facilities for B2B trading, service and manufacturing SMEs
• Invoice Discounting (ID) — advances against approved receivables from verified debtors

What will you do ?

You'll be the senior underwriter on the Credit team — the person who takes the hardest files, forms a view, and defends it in the Investment Committee. Alongside the day-to-day book, you'll own how we decide: refining the credit models and rewriting the policy criteria as the portfolio teaches us what actually predicts default.

This is a senior individual contributor role. You won't manage a team, but your calls will set the standard the analysts underwrite to, and your recommendations will shape the policy the whole company lends under.

Responsibilities:

Underwriting and credit decisions

• Underwrite POS, STL and ID applications end to end; assess capacity and willingness to repay; assign risk ratings through our product-specific credit models
• Interrogate AECB reports against bank statements and facility letters
• Present cases to Investment Committee with a clear recommendation, structure and conditions; own the outcome
• Handle enhanced-review files
• Structure security and conditions appropriately 
• Review appeals and exception requests from the commercial team on their merits, and hold the line when the merits aren't there

Credit model and policy development

• Analyse portfolio performance to find where our criteria are wrong — which thresholds reject good businesses, which let bad ones through
• Recalibrate scorecards and rating logic across all three products; propose and document policy amendments for approval
• Build the analysis that justifies changes to exposure caps, pricing bands, refinancing thresholds and eligibility criteria
• Work with product and engineering to translate policy into automated pre-screening rules on the platform
• Track and report on cohort performance, early warning indicators, and the accuracy of our own risk ratings against realised outcomes

Requirements

• 4–6 years in SME credit — UAE bank SME lending, or a fintech / non-bank lender
• Hands-on underwriting experience with SME files: bank statement analysis, VAT reconciliation, ageing reports, financial spreading
• Working knowledge of the UAE credit infrastructure: AECB, trade licenses, Ejari, VAT filings, cheque-based security and the practical realities of enforcement here
• Strong AI skills - good knowledge of how models work and experience in using them to create value to the credit team
• The judgement to say no to a commercial team that wants a yes, and the analysis to explain why

Nice to have

• Exposure to invoice discounting or receivables finance, including debtor verification
• Scorecard development or credit model validation experience
• Familiarity with automated decisioning and the tradeoffs between rules-based and model-based approval

What success looks like

• 3 months — underwriting independently across all three products, taking your own decisions and reviewing cases of more junior employees
• 6 months — you've identified at least two policy criteria that don't hold up against portfolio data and proposed evidence-backed changes
• 12 months — the credit models are measurably better calibrated on your work, and rating-to-outcome accuracy has improved

Benefits

• Competitive Salaries
• Paid time off
• Healthcare coverage
• A highly collaborative team environment that will support your professional and personal growth
• A culture that promotes Work-Life balance and Wellbeing
• A culture of learning and innovation