Manager / Senior Manager, Consumer Lending - Credit

Funding Societies | Modalku is the largest SME digital finance platform in Southeast Asia. We are licensed and operating  in Singapore, Indonesia, Thailand, Malaysia and Vietnam, and backed by Sequoia India (Peak XV), Softbank Vision Fund, Khazanah and SMBC bank amongst many others. Funding Societies | Modalku provides business financing to small and medium-sized enterprises (SMEs), which is funded by individual and institutional investors, as well as payments solutions to SMEs and consumers.

Here at Funding Societies | Modalku we live by our core values GETFS:

• Grow Relentlessly: Strive to become our best, most authentic selves.
• Enable Teamwork, Disable Politics: Only by forging togetherness, we help each other succeed.
• Test Measure Act: Stay curious and reinvent ourselves, through innovation and experimentation.
• Focus on Impact: Create impact through bias for action and tangible results.
• Serve with Obsession: Build win-win relationships for the long-term by having a customer obsession.

We are seeking a highly motivated and strategic Manager / Senior Manager of Consumer Lending Products to lead the credit development, scaling, and lifecycle management of our consumer financing solutions. In this role, you will be the driving force behind our consumer lending products inclusive of hire purchase offerings, balancing aggressive market growth with robust credit risk management.

The ideal candidate thrives in a fast-paced environment, brings deep subject matter expertise in consumer lending and hire purchase facilities, and has a proven track record of innovating consumer lending products outside of traditional banking structures.

What will you do:

• Risk & Policy development: Creating and refining underwriting models, optimizing approval rates, and maintain healthy portfolio metrics.
• Product Strategy & Lifecycle Management: Collaborate closely with relevant stakeholders on end-to-end product lifecycle for consumer lending products, with a primary focus on balancing credit scaling of the portfolio.
• Market & Competitor Analysis: Continuously monitor the consumer lending landscape to refine underwriting models, identify emerging trends, pricing strategies, and product gaps.
• Regulatory Compliance: Ensure all consumer lending products strictly adhere to relevant regulatory frameworks, including the Hire Purchase Act and internal governance standards.
• Process Optimization: Streamline origination, credit underwriting, disbursement, and settlement processes, specifically addressing the unique operational workflows involving dealers and end-consumers.
• Cross-Functional Leadership: Work seamlessly with engineering, operations, marketing, and legal teams to launch new features, automated checks, and system enhancements.

Requirements

What are we looking for:

• Experience: 4 to 8 years of hands-on experience in consumer lending, product management, or credit risk.
• Core Expertise: Deep, demonstrable experience working specifically with Hire Purchase (HP) products is an absolute prerequisite. You must understand the mechanics of dealer subvention, disbursement governance, and customer repayment lifecycles.
• Execution & Delivery: Strong analytical skills with the ability to translate complex financial and regulatory requirements into clear product roadmaps.
• Background: Prior experience working in an alternative financier, fintech, or startup environment is highly preferred. We are looking for builders who are comfortable with ambiguity and rapid iteration.
• Technical Acumen: Familiarity with modern lending tech stacks, automated credit underwriting models, and data-driven product decision-making.
• Leadership: Proven ability to mentor junior team members and influence cross-functional stakeholders without direct authority.

Benefits

• Time off - We would love you to take time off to rest and rejuvenate. We offer flexible paid vacations as well as many other observed holidays by country. We also like to have our people take a day off for special days like birthdays and work anniversaries.
• Flexible working - We believe in giving back the control of work & life to our people. We trust our people and love to provide the space to accommodate each and everyone's working style and personal life.
• Medical benefits - We offer health insurance coverage for our employees and dependents. Our people focus on our mission knowing we have their backs for their loved ones too.
• Mental health and wellness - We understand that our team productivity is directly linked to our mental and physical health. Hence we organize org-wide fitness initiatives and engage partners to provide well-being coaching.
• Tech support - We provide a company laptop for our employees and the best possible support for the right equipment/tools to enable high productivity.

Interested to know more about us? Learn about our Stories here.