Credit Manager - Loan Against Property/Real Estate

Designation : Credit Manager

Department : Credit

Qualification : MBA/CA/ M.COM

No. of Position : 2

Experience : 2-3 years

Location : Mumbai

Job Description :

- Understanding of property related knowledge (like legal title and market value of the property).

- Understanding of the Real Estate Sector especially major Tier- I,II & III cities/ towns.

- Credit - Loan Against Property (Residential/ Commercial/ Industrial)

- To provide loans, overdraft, LRD facilities to Individuals, small & medium traders, manufacturers & service provides and self-employed professionals for business and personal needs secured against Residential, Commercial and Industrial Property.

- LAP vertical aims at presence /coverage in most of the major cities towns of the country (Tier-I, II & III).

Responsibilities

- Role involves credit appraisal within defined credit policy

- Guidelines for the product, evaluating risk factors and identifying suitable mitigants and term sheet preparation.

- Putting up the proposal to the relevant sanctioning authority with the suitable recommendations.

- To maintain quality of the appraisal along with the desired TAT for the proposal and contribute towards the Advances, and profit targets of the organization.

- Appointment of the Title Search Advocates and Valuers and Co-ordinate with the client and the TSR Advocate / Valuers and finalizing the Reports.

- Interact with Customers & understand their requirement and regularly monitor delinquencies

- Understanding of property related knowledge (like legal title and market value of the property).

- Coordinating with Internal and external teams - business, operations, legal, Legal counsels, consultants and clients for execution of documents.

- Putting up the periodic reviews of the accounts and monitor the portfolio on regular basis. Also ensuring the upto date Insurance policy, periodic site visits, revaluation wherever needed etc.

- End-to- end dealing of account from sanction to LAP portfolio monitoring to identifying stress in the account and take proactive measures to coordinating with business, operations and legal team for recovery.

Other Desired Attributes :

- Experience in credit sanction of Loan against Property/ Real Estate sector

- Good communication Skills

- Ability to do multitasking

Preferred Industry : Loan Against Property/ Real Estate.