Credit Manager - Dealer Finance - Automotive Segment - BFS

Salary Offered : 6-10 LPA

Job Responsibilities :

Inventory Finance facility is the loan facility extended to the dealers in the primary market for procurement of vehicle stocks & spares from various Manufacturers.

Automobile industry as a whole has been growing consistently & this growth has given high business opportunity to cater the financial needs of the dealer fraternity.

We provide financial assistance to Auto / TW / CV / CE & Tractor dealers primary to fulfil their Short term working capital & other long term needs in the form of INF, TA, CC, BG & Term Loans. Currently total portfolio of this unit is more than INR 12000 crs spread across 2200 plus dealers & growing.

1. Underwriting & Risk Assessment:

- Adherence to defined credit policies and processes with low defects/reworks. Also, checking the scope of credit/ underwriting beyond policies to analyse the outlook of Industries operating in the same market and compare the results/output while underwriting the credit applications of dealers. 

- He/ She needs to understand all aspects related to funding like clear concepts of different financial ratios and analysis, Industry wise knowledge, risk based on customer business model etc.

2. Daily Transaction Management :

- Processing of day-to-day transactions in the form of exceptional tranches/ indents that flow to credit unit in case of deferrals, overdues, temporary overdrafts, adhoc / cam extensions & other credit stipulations within specified TATs

3. Portfolio Monitoring :

a. Annual Revision of existing dealers

b. Deferral Review & Management

c. Overdue Review & Control

d. SOT Monitoring

e. Retail Conversion Monitoring

f. TAT Management

- Credit Evaluation of INF proposals viz Initial Proposals, Annual Revisions, Adhoc requirements, Interim Enhancements etc. Meeting the highest standard of productivity.

- To ensure high portfolio quality for the product, while maintaining excellent service levels (TAT) to the customers.

- Interpreting financial statements and data for analyzing past financial & business performance. Assessment of viability of potential borrowers.

- Investigating and understanding key business issues and providing clear, concise and timely analysis with recommendations and approvals.

- Ensure high level of CAM content and quality is maintained in line with latest policy guidelines, update on market, industry etc.

- Adherence to the policies/processes laid out by the central policy team on all applications being processed.

Data Quality and Process Management :

- Excellent Customer Service and High Product Quality is expected through optimum delivery of TAT, daily monitoring and rework reduction with detailed analysis to ensure minimal queries at PRM level and above while closely monitoring the pendencies in the file and provide quick and easy solution to help improving customer service levels.

Portfolio Management :

- Ensure compliance of regular stock audits, site visits, identification of watch-list accounts, stress account identification and management. Identifying potentially weak account for exit.

- Tracking deferrals/covenants (post disbursal documents) on a continuous basis and taking up matter with business for closure of the same

- Very close monitoring of Overdues along with monthly monitoring of Stock Audit Reports and taking timely actions.

- Tracking of retail conversions of their managed portfolio.