Fincv is a partnership firm that was founded in 2023 with the objective of establishing a dedicated marketplace connecting Small and Medium Enterprises (SMEs) with short-term capital specifically designed for commercial vehicle financing. The primary focus of the platform is to offer SMEs an efficient means to access the essential funds required to fulfill their commercial vehicle needs. Presently, Fincv is operational in 11 locations across Karnataka, facilitating businesses in the area to secure the financial resources essential for their growth and prosperity. As a Credit Officer in Bengaluru, you will be responsible for assessing loan applications within defined policy guidelines and recommending them for approval to higher authorities. A minimum of one year of experience in credit underwriting within the Commercial Vehicle Segment is required for this full-time on-site position. Qualifications: - Bachelor's degree in finance, accounting, business administration, or a related field. Key Responsibilities: 1. Evaluate loan applications based on established policies and suggest them for approval to senior management. 2. Conduct personal discussions with customers to determine their creditworthiness. 3. Make informed lending decisions after assessing available information and customer interactions. 4. Underwrite loan proposals and prepare Credit Appraisal Memos (CAM). 5. Monitor Post-Disbursement Document (PDD) requirements. 6. Collaborate with the Operations team for loan disbursal and PDD processes. 7. Communicate with the Operations team to resolve any disbursal issues. 8. Ensure compliance with Audit and regulatory standards for the branch/location. 9. Contribute towards achieving branch profit targets. 10. Coordinate with the sales team to meet targets and ensure Turn-Around-Time (TAT) objectives are achieved. 11. Manage the processes necessary to maintain reasonable turnaround times. 12. Conduct regular training sessions for branch sales members on credit policies.,
Fincv is a partnership firm founded in 2023, with the goal of building a dedicated marketplace that connects Small and Medium Enterprises (SMEs) with short-term capital specifically for commercial vehicle financing. The platform provides SMEs with an efficient way to access the necessary funds to support their commercial vehicle needs. Currently, Fincv operates in 11 locations across Karnataka, enabling businesses in the region to secure the financial resources they need to grow and thrive. Qualifications: - Bachelors degree in finance, Business Administration, or a related field (MBA or equivalent is a plus). - Minimum of 5 years of experience in credit risk management, with a focus on the commercial vehicles industry. - Strong understanding of credit policies, underwriting processes, and risk management techniques. - Proven track record of managing and leading teams, with excellent interpersonal and leadership skills. - In-depth knowledge of credit systems and tools. Preferred Skills: - Experience in the commercial vehicle segment or similar sectors is a plus. - Advanced knowledge of regulatory requirements and best practices in credit risk management. - Experience in training and mentoring team members to enhance performance. Key Responsibilities: Credit Approval Management: Support and co-partner with business teams to manage the end-to-end credit approval process for the designated region. Ensure all credit applications meet the organization's risk and compliance standards. Underwriting & Presentation: Underwrite credit cases and present them to senior management for review and final approval. Provide clear and accurate insights into the creditworthiness of applicants. Deviation Authorization: Authorize deviations raised by underwriters, ensuring compliance with the company's credit policies and processes. Credit Memo Finalization: Finalize and review credit memos prepared by underwriters. Provide approval or decline sign-offs on every file after ensuring that all required documentation is complete and in compliance with internal guidelines. Disbursement Approval: Approve all disbursement requests based on the successful completion of requirements, such as agreement value and full documentation at the branch level. PDD Management: Monitor and oversee Personal Discussion Documents (PDD) management. Ensure timely completion through customer visits for high-value cases. Vendor Coordination: Oversee and initiate follow-ups with external vendors (such as Financial Institutions, Legal, and Technical valuation teams) to ensure timely resolution of queries and report submissions, eliminating any delays that are outside the defined process. Recovery & Business Insights: Collaborate with the recoveries team to generate business insights and ensure appropriate actions are taken to mitigate risk and maximize portfolio health. Team Leadership & Training: Lead and manage a team of credit approvers to ensure portfolio quality and the reduction of delinquencies. Provide training, coaching, and continuous development to improve team competency and operational efficiency. Credit Program Development: Lead the development, implementation, and monitoring of various credit programs. Continuously assess and evolve the credit risk strategy to align with market changes and improve process efficiency. Due Diligence & Compliance: Ensure due diligence in all stages of the credit analysis process, including customer application screening, evaluation, underwriting, and loan sanctioning, adhering to both internal and external compliance regulations. Underwriting Norms Evolution: Work on evolving underwriting norms tailored to meet local market needs, ensuring continued improvement in credit risk strategy and underwriting execution.,