Credit Manager_Business Loans_0140_5916_1069522_HRR
Job Role: Credit Manager for Business Loan.
Responsible for evaluating and managing the creditworthiness of potential business borrowers, assessing risks, and ensuring compliance with company credit policies.
They analyze financial information, monitor loan performance, and manage collections, ultimately minimizing financial risk and maximizing profitability for the lending institution.
Key Responsibilities:
- Credit Assessment:
Reviewing loan applications, financial statements, credit reports, and other relevant documents to assess a business's creditworthiness.
- Risk Analysis:
Identifying potential risks associated with lending to specific businesses, evaluating their ability to repay loans, and determining appropriate loan terms.
- Loan Approval:
Appraising loan application for approval or rejecting loan applications based on creditworthiness and adherence to company policies.
- Credit Limit Determination:
Setting appropriate credit limits for approved loans, ensuring they align with the borrower's financial capacity and risk profile.
- Loan Documentation:
Ensuring the accuracy and completeness of all loan documentation, including loan agreements, security documents, and other relevant paperwork.
- Credit Monitoring:
Continuously monitoring the performance of existing loans, identifying early warning signs of potential defaults, and taking necessary actions to mitigate risks.
- Relationship Management:
Building and maintaining relationships with internal stakeholders, such as sales and relationship management teams, as well as external stakeholders, such as borrowers and industry professionals.
- Reporting:
Preparing reports on loan performance, risk exposure, and other relevant metrics for management and other stakeholders.
- Qualification : CA/MBA will relevant work experience
Screen and evaluate customer proposals for credit cards under various programs. Ensure compliance with credit card policies and KYC guidelines. Analyze financials and assess customer creditworthiness for approval or rejection. Process cases within defined turnaround times (TAT). Maintain acceptable audit quality reports monthly. Coordinate with verification agencies for timely report submission. Cross-verify verification reports for accuracy.