Credit Analyst

Job Description

Department or Vertical: Credit | Lending Functional Role | Designation: Assistant Manager- Credit Lending Reports to: Senior Manager- Credit Team Handling/ IC: Individual Contributor Purpose of the Role: The purpose of the Assistant Manager is to evaluate and verify loan applications, ensuring compliance with regulatory standards and company policies. This role also involves assessing financial documents and working closely with loan managers and clients to facilitate informed lending decisions. Key Responsibilities: 1. Loan Application Review : Analyse and verify loan applications and supporting documents. 2. File Assessment : CIBIL Examination, Ratio Analysis, Banking Analysis and Pull out search reports. 3. Compliance : Ensure all loan applications comply with regulatory standards and company policies. 4. Documentation : Prepare detailed reports on assessment findings and document reasons for loan approval or denial and also maintaining paper documents as per company rules. 5. Communication : Interact with loan managers (Sales) and clients to obtain additional information or clarification as needed. Education Qualification(s) - Bachelors degree in finance, Preferably CA or MBA finance or M. Com from a reputed college Relevant Skills - Understanding of key financial indicators like debt-to-income ratio, loan-to-value ratio, and cash flow analysis. - Ensuring all loan documents and applications are complete, accurate, and compliant with regulations. - Familiarity with financial regulations, KYC (Know Your Customer), anti-money laundering (AML), and other lending laws. - Ability to effectively communicate with clients, loan managers, and other stakeholders to obtain and clarify information. - Ability to identify issues or discrepancies in loan applications and find solutions or gather necessary information. - Efficient in managing multiple loan assessments and ensuring timely completion of tasks and documentation. - Proficiency in using financial software and tools, including banking systems, CIBIL tools, and report generation software. - Strong skills in preparing detailed, clear, and organized reports regarding loan approvals or denials. Relevant Experience - 2-4 years of prior experience in a similar role.