Posted By
Posted in
Banking & Finance
Job Code
1434633
National Credit Manager- New Car Finance
Qualification : Minimum Qualification: Graduate / CA / MBA (Premium Institute).
Vertical : Wheels.
Location : Mumbai.
Department : Asset credit.
Relevant Experience :
- 15-20 Yrs. of experience in handling underwriting and collections of comparable portfolio size.
Functional Competencies :
- In-depth understanding of the Product, market and geographies.
- Analytical skills and understanding of financial statements. Comfortable in working with excel spreadsheets.
- Flair for numbers and ability to track movement of numbers.
- Have a fair understanding of vehicle viability and cash flows.
- Keen knowledge about products of different manufacturers and their variants. Be able to understand technical differences and decide on offering based on the same.
- Ability to mentor and lead the team across sales and credit functions.
Behavioral Competencies :
- Foster collaborative work culture with sales and collection departments.
- Ability to handle the team and keep the team motivated.
- Ensure cordial environment in the all the Branches, be a source of motivation for the team under him, adaptable to changing business requirements.
- Knowledge of CIBIL and other Checks to understand customer's credibility.
Job Responsibilities :
- Financial.
- Responsible for appraising & assessing risks and provide suitable mitigation.
- Responsible for finalizing policies and setting up processes for quality underwriting and ensure implementation of the same.
- Underwriting high value cases and provide exception approvals for day to day transactions.
- Analyze and review the portfolio rigorously and take corrective actions as required.
- Work closely with the Collection and RCU teams to build and grow high quality portfolio.
- Work along with Business teams to ensure proper formulation, fitment, structuring, pricing and execution of transactions based on transaction specific requirements within turn around time.
- Ensure that Cost of Credit and Cost of Collections are within approved budgets.
- Understanding of inherent credit, collateral, operational and fraud risks.
- Good knowledge of legal, Technical and Property documents and identify associated risk.
- Framing & reviewing credit policy / operational policy. Developing new product program in compliance with the company strategy / Policy.
- Managing and complying Over the counter / post disbursal documents and ensuring compliance of company's norms.
Non-Financial Responsibilities :
- Review and recommend changes in the credit and related policies to senior management and ensuring the implementation of the same.
- Work closely with the Collection and RCU teams to ensure high quality portfolio.
- Develop performance matrix for all functions in the department and provide regular feedback and training to improve performance.
- Work with the business team to identify opportunities and develop products and underwriting guidelines to address changing market needs.
- Should highlight any wrong commitments, potential third party transactions and other negative observations without or favor.
- Should be able to inculcate the intelligence to the team in order to multiply efforts.
Compliance & Risk Responsibilities :
- Ensure adherence to KYC / AML screening requirements of the organization.
- Ensure controlled portfolio growth within approved delinquency and loss performance with the support of collections and RCU.
- Review and administer the Credit Programs and Policies within the board approved frameworks and ensure the implementation of the same.
- Ensure that there is no compromise on the Quality of Credit & maintain a healthy portfolio.
- Promote culture of compliance and company's code of conduct through own conduct and by also adopting Au's Dharma.
- Provide inputs to analytic team to build portfolio analytic and scoring models.
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Posted By
Posted in
Banking & Finance
Job Code
1434633