Credit Manager - Vehical Loan

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.