Underwriter at Salmon Group (Taguig, Philippines)
Salmon Group· Taguig, Philippines·
Role details
Work type
Hybrid
Employment
Full-Time
Salmon Group at a glance
A Philippine consumer fintech and licensed neobank offering AI-scored credit, cards, and deposits to underbanked Filipinos.
Salmon is a consumer financial technology company in the Philippines that provides credit lines, installment and cash loans, prepaid cards, and bank deposits to underbanked consumers, using AI credit scoring and a licensed rural bank it acquired.
~$310M ($160M equity + $150M bonds) raised · latest: $100M (April 2026): $60M equity + $40M debt · backed by International Finance Corporation (IFC, World Bank Group), ADQ (Abu Dhabi sovereign wealth fund), Lunate, Antler VC
Job description
- Design and document the end-to-end MSME underwriting framework: credit policy, risk appetite, scoring methodology, and delegation of authority matrix
- Define and standardize credit assessment criteria for business term loans, with extensibility to RCL and cash flow-based products
- Establish approval workflows, escalation paths, and documentation standards for credit decisions
- Coach and develop the local underwriting team, building internal capability to operate independently
- Collaborate with Risk, Compliance, and Product to ensure underwriting standards meet BSP regulatory requirements
- Review and sign off on credit decisions during the framework build-out phase
- Minimum 5 years of MSME/SME credit underwriting experience, ideally in SEA or emerging market banking/insurance
- Prior experience building or rebuilding underwriting functions and processes
- Strong knowledge of financial statement analysis, cash flow-based lending, and collateral assessment
Why work at Salmon Group
- Culture: Emphasizes “dependability,” innovation, and a human touch. Employees describe an agile, open environment where Day One employees shape the company.
- Work model: Mostly office-based at the Taguig City headquarters (Four/NEO Building, Bonifacio Global City). Some field roles (collections, housekeeping) are site-specific.
- Notable perks: Competitive salaries (e.g., PHP 30k-40k/month for junior roles; PHP 15k-25k for field roles). Popular roles include Credit Investigator (PHP 28k/month) and Collection Agent (PHP 16k/month).
- Engineering culture: Strong focus on AI, data analytics, and technology innovation; the CTO and SVP of AI and Data are part of senior management.