State Credit Manager - Commercial Vehicle Loan

State Credit Manager - CV Loan (Karnal, Shimla)

Job Description:

- As the State Credit Manager for Commercial Vehicle (CV) loans, you will be responsible for overseeing the credit operations across the entire state.

- This role involves leading a team of credit executives, evaluating and approving credit proposals, and ensuring the effective management of credit operations.

- Your goal will be to ensure the state's credit processes are efficient, compliant, and aligned with organizational standards.

Key Responsibilities:

Credit Operations Oversight:

- Manage and drive the credit operations for CV loans across the state.

- Ensure consistent and efficient processing of credit applications in accordance with company policies.

Team Management:

- Lead, supervise, and mentor a team of credit executives.

- Monitor team performance and provide support to ensure high productivity and quality of work.

Credit Proposal Evaluation:

- Evaluate credit proposals by analyzing financial statements, assessing business viability, and identifying industrial risks.

- Make well-informed decisions on loan approvals or rejections based on comprehensive analysis.

Borrower Verification:

- Verify the creditworthiness and track record of potential borrowers.

- Conduct thorough background checks to assess the reliability and financial stability of applicants.

Financial Analysis:

- Analyze financial statements to evaluate short-term and long-term solvency and liquidity.

- Identify and address potential financial risks or issues.

Customer Service:

- Understand and address customer requirements to ensure quick and effective service delivery.

- Manage customer interactions and resolve any queries or concerns related to credit applications.

Audit and Compliance:

- Develop and implement an audit framework for credit operations.

- Conduct regular audits, resolve audit findings, and ensure compliance with both internal and external regulations.

Analytics and Reporting:

- Perform basic analytics to support decision-making and improve credit processes.

- Prepare and present MIS reports to various stakeholders, providing insights into credit operations and performance metrics.

Approval Rate and Turnaround Time (TAT):

- Monitor and enforce approval rates and TAT standards as prescribed.

- Develop and implement strategies to enhance efficiency and meet organizational targets.

Vendor Management:

- Manage relationships with vendors and third-party service providers.

- Ensure vendor performance aligns with company standards and regulatory requirements.

Qualifications:

Education:

- Bachelor's degree in Finance, Business Administration, or a related field.

- Advanced degrees or professional certifications (e.g., CFA, MBA) are advantageous.

Experience:

- Significant experience in credit management, financial analysis, or a related field, preferably in the commercial vehicle sector.

Skills:

- Strong analytical and decision-making abilities.

- Expertise in financial statement analysis and credit evaluation.

- Effective leadership and team management skills.

- Excellent communication and interpersonal skills.

- Knowledge of regulatory compliance and industry standards.

- Proficiency in managing multiple priorities and meeting deadlines.

Key Competencies:

Leadership:

- Proven ability to lead and inspire a team to achieve objectives.

Analytical Skills:

- Expertise in analyzing financial data and assessing credit risk.

Customer Orientation:

- Dedication to understanding and addressing customer needs effectively.

Attention to Detail:

- High precision in financial analysis and reporting.

Adaptability:

- Capability to adjust to changing requirements and conditions