Credit Manager

Job Description

Role & responsibilities Financial assessment of high-net-worth strategic customers through careful study of financial documents. Risk Management; Reduced credit risk by developing Mitigation, workout and liquidation plans. Implement risk assessment analysis with scoring models and reviewing complex credit proposal. Consistent assessment of the strength and weakness within the portfolio. Developed comprehensive learning modules for new credit managers, ensuring a seamless onboarding process and fostering a strong foundation in credit management practices. Managed quality underwriting operations through implementing FIRST TIME RIGHT (FTR) logins, which resulted in qualitative turnaround time for the customers. Implemented change management by reviewing quality of credit risk, assessment and underwriting processes through digitization. Analyzed and verified financial documentation, including tax returns, bank statements, and financial statements, to assess borrowers' creditworthiness. Utilized advanced underwriting tools and software to evaluate credit applications. Developed custom underwriting criteria for different loan products to optimize risk management. Engaged in regular review and adjustment of credit underwriting guidelines to reflect changing market conditions. Conducted site visits and face-to-face interviews with major clients for high-value loan assessments for effective credit underwriting. Creditworthiness : Assessing the creditworthiness of individuals, businesses, or current customers. This involves analysing financial data, credit reports, and payment history. Loan requests : Reviewing, approving, or denying loan requests. Interest rates : Calculating and establishing interest rates. Loan terms : Negotiating loan terms with clients. Credit policies : Creating, reviewing, and revising company credit policies. Compliance : Ensuring that all lending procedures are compliant with the law. Collections : Managing collections effectively, including negotiating payment plans and maintaining positive customer relationships. Credit scoring models : Developing models to predict hazards. Bad debts : Monthly review of bad debts and assistance with bad debt provision analysis. Perks and benefits As per company norms