Job Overview
Job Role: The Auto Loan Credit Manager evaluates, underwrites, and approves or rejects vehicle financing applications while managing credit risk and ensuring compliance with bank policies. Minimise non-performing assets (NPAs), control Portfolio at Risk errors, and maintain Turnaround Time for loan disbursals.
Job Responsibilities: * Credit Underwriting & Assessment • Evaluate new and used car loan proposals in line with the bank's credit policies. • Analyze customer credit scores (e.g., CIBIL/Credit Bureau reports), bank statements, ITR, GST filings, and income documents. • Conduct personal discussions (PD) or tele-discussions with applicants to verify repayment capacity and business/employment models.
*Discretionary Approval & Structuring: • Approve or reject loan files within assigned discretionary limits, or escalate higher-value proposals to the appropriate authority. • Structure vehicle loan tenures, loan-to-value (LTV) ratios, and interest rates properly.
* Vendor & Agency Management: • Coordinate with field investigation agencies (CPV), Personal Discussion agents, and vehicle valuation vendors. • Monitor vendor quality, turnaround times (TAT), and reconciliation of vendor processing bills.
* Risk & Audit Compliance: • Ensure zero or minimal PAR (Portfolio at Risk) errors and keep non-starter/EMR cases within budget. • Ensure strict adherence to internal and external audit guidelines and Centralized Credit Processing (CAD) norms. • Protect data security and maintain strict compliance with information security (ISG) policies.
* Sales & Channel Coordination: Work closely with the sales team to balance business volumes without compromising credit quality.
Ideal Candidate: Looking for a candidate with good experience in Auto Loans Credit Process & with the sanctioning authority being in a Bank or NBFC.