Scope of the Role
As a Credit Manager for Business Loans at a Leading Bank, you will be responsible for evaluating loan applications, managing credit risks, and ensuring timely loan disbursements. To analyze the creditworthiness of the customer's business. To underwrite the loan according to the customer's requirements and eligibility.
Job Description
- Responsible for managing the credit portfolio of business loans at a leading bank, ensuring timely and accurate processing of loan applications.
- 2. Develop and implement credit policies and procedures to mitigate risk and ensure compliance with regulatory requirements.
- 3. Analyze financial statements and credit reports to assess the creditworthiness of potential borrowers.
- 4. Work closely with loan officers and underwriters to evaluate loan requests and make recommendations for approval or denial.
- 5. Monitor loan performance and identify potential delinquencies or defaults, taking appropriate action to minimize losses.
- 6. Negotiate loan terms and conditions with borrowers, ensuring that the bank's interests are protected.
- 7. Collaborate with other departments, such as legal and collections, to resolve any credit-related issues.
- 8. Stay updated on market trends and economic conditions to make informed decisions about lending.
- 9. Train and mentor junior credit analysts and loan officers to improve their understanding of credit risk management.
- 10. Develop and maintain relationships with key clients and business partners to promote the bank's lending services.
- 11. Prepare and present reports to senior management on the performance of the credit portfolio and any potential risks.
- 12. Continuously review and improve credit processes and procedures to enhance efficiency and effectiveness.
Ideal Candidates
We are seeking a dynamic and light-hearted individual with good knowledge and experience in Business Loans underwriting. Candidate's experience in secured or unsecured credit underwriting in Banks or NBFC can be considered.