Credit Manager

Credit Manager's job description at Kotak Mahindra Bank for Home Loan, LAP, and underwriting roles involves evaluating and approving loan applications, managing the credit quality of underwritten accounts, and monitoring for delinquency. Key responsibilities include performing financial and business background checks on applicants, ensuring compliance with bank policies, and mentoring junior staff, while requiring a CA or MBA and experience in mortgages. Key Responsibilities

• Loan Underwriting:

  Analyze the financial health and business background of loan applicants for Home Loans and Loans Against Property (LAP) to determine creditworthiness.

• Credit Quality Management:

  Monitor the credit quality of approved loans, aiming to keep delinquency rates low, and oversee underwritten cases in their initial stages.

• Risk Assessment:

  Evaluate and process end-to-end loan applications, which includes approving or rejecting requests based on credibility and potential risks.

• Policy Implementation:

  Assist the team in implementing head office and local policies at the ground level to ensure consistent and quality processing.

• Team and Staff Support:

  Support the business plan through the quick turnaround of new and existing proposals, while also mentoring junior staff like Credit Process Associates (CPAs) to improve their output and productivity.

• Relationship Management:

  Coordinate with business teams and other credit teams to resolve issues and ensure smooth operations.

• Performance Monitoring:

  Maintain productivity levels for loan processing and monitor delinquency in underwritten accounts.

• Vendor Management:

  Handle activities related to empaneled vendors, such as conducting stock audits and processing vendor bills.

• Reporting:

  Handle various management information systems (MIS) related to the portfolio and prepare reports on findings and actions to be taken.

Required Qualifications

• Education:

  A Chartered Accountant (CA) or MBA from a well-known institute.

• Experience:

  A minimum of 2-4 years of experience in the mortgage sector with either a bank or a Non-Banking Financial Company (NBFC).

• Skills:

  Sound knowledge of current economic indicators and the mortgage industry is required.

• Other:

  Must be a team player with a sense of urgency and keenness to learn.

  Role & responsibilities