Loan Executive

Job Description

If any one applies for a loan from banks, the financial and other details of those loan applicants come to us, we study those details and send our credit executives to visit the loan applicants at their business premises. Our credit executives do the business analysis by checking the required documents, observing business activity and asking questions from loan applicants about the business, purpose of loan, existing liabilities, Banking habits, investment pattern, current expense outflow etc. This information helps us to understand the financial stability of the loan applicants. After the visit, the credit executive submits his report to Team Leaders. After Team Leaders check the report, it is being submitted to the bank and the bank decides on the basis of our report whether to sanction loan or reject loan or reduce loan amount. Shall be to able to analyse the Financial Statements like Balance Sheet / P & L Account / Bank Statements Should be ready to meet the Loan applicants at their business Place for Analysis / Personal Discussions To ensure that he covers all points in his report which are required by bankers to decide about the loan. Should be able to think analytically if the loan should be sanctioned in the given parameters, Clarify the doubt of the Team Leader if any after submission of report. Train the new credit executives.