Posted By
Posted in
Banking & Finance
Job Code
1413879
Job Description:
Credit Assessment:
- Appraise and underwrite loans within defined policy guidelines and recommend to appropriate authority for approval.
- Conduct thorough checks of application files in accordance with laid-down policy and process guidelines.
- Assess the income, ability, intention, and credit behavior of applicants, verifying documents, conducting reference checks, bureau checks, and customer due diligence.
- Understand the nature of the applicant(s)' business, identify associated risks, and ascertain revenue streams.
- Evaluate all credit risk parameters and implement measures to mitigate risks.
- Prepare credit approval memos and manage the overall Turnaround Time (TAT) and approval rate.
Credit Monitoring:
- Ensure strict adherence to laid-down policies and processes.
- Maintain portfolio quality through regular monitoring and review.
- Monitor exception approvals and analyze rejection trends periodically.
- Ensure credit quality and keep credit costs under control.
Skills and Qualifications:
- Bachelor's/Master's degree in Finance, Business Administration, or related field.
- MBA or equivalent qualification preferred.
- Proven experience in credit assessment and monitoring, preferably in a financial institution.
- Strong analytical skills with the ability to assess income, credit behavior, and business risks.
- Knowledge of credit risk parameters and measures to mitigate risks.
- Excellent attention to detail and ability to adhere to policies and processes.
- Proficiency in financial analysis and credit evaluation techniques.
- Understanding of regulatory requirements and compliance standards.
- Effective communication and interpersonal skills.
- Ability to work independently and collaboratively in a team environment.
- Proficiency in using relevant software and tools for credit assessment and monitoring.
- This role demands a detail-oriented individual with strong analytical skills and a thorough understanding of credit assessment and monitoring processes.
- The candidate should be able to make informed recommendations within defined policy guidelines, ensure portfolio quality, and maintain compliance with regulatory standards.
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Posted By
Posted in
Banking & Finance
Job Code
1413879
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