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
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