Credit Manager for Machinery loans will be responsible for underwriting loan applications, managing credit policies, and ensuring the quality of the loan portfolio. This role requires a thorough understanding of loan origination and management systems, as well as a keen eye for detail in financial analysis and industry trends. Specific Responsibilities: Underwriting: Evaluate and underwrite MEF loan cases to ensure compliance with the company’s credit policies and risk appetite. System Utilization: Make optimal use of the Loan Origination System (LOS) and Loan Management System (LMS) to streamline the credit process and enhance efficiency. Credit Turnaround Time (TAT): Maintain and improve credit TAT to ensure timely loan approvals. Policy Adherence: Manage credit underwriting processes in strict adherence to the company’s policies and guidelines. Delinquency & NPA Monitoring: Monitor delinquency rates and Non-Performing Assets (NPA) to keep them within budgeted levels. Credit Cost Management: Ensure credit costs are managed within the approved budgets. Policy Feedback: Provide feedback to the Credit Policy team based on underwriting experience to improve credit policies and procedures. Data Analysis & Reporting: Perform data slicing, analysis, and publish relevant reports to support decision-making. Post Disbursement Document (PDD) Monitoring: Ensure all PDDs are collected and monitored effectively. Industry Analysis: Conduct thorough industry analysis to stay updated on trends and risks affecting the MEF and SFP loan segments. Key Performance Indicators (KPIs): Turnaround Time (TAT) Portfolio Quality Quality of Appraisal Cost Management Implementation of Processes Experience: Minimum 3-5 years of experience in Credit Underwriting (Machinery) Technical Competencies: Positive, pro-business attitude Excellent analytical skills Strong communication and presentation skills In-depth product knowledge Ability to understand asset types and their viability Proficiency in reading and understanding legal and technical reports and valuations related to financed properties Personal Attributes: Excellent presentation skills Strong communication skills High level of analytical ability Sincere and dedicated Effective liaising skills Mandatory Education Qualification: Graduate / Post Graduate Show more Show less
Company Description The position is for growing NBFC based in Mumbai, specializing in secured funding for MSMEs. The company offers tailored financial solutions to meet the unique needs of clients, providing a strong platform for learning and professional growth, particularly in credit analysis and finance. Our focus is on empowering aspiring professionals by equipping them with the essential skills and knowledge to thrive in the fast-evolving financial landscape. Role Description This is a full-time, on-site position for a Zonal Credit Manager with a minimum of 10 years of experience. The role involves managing a team and overseeing credit operations across the entire West Zone. Qualifications: Chartered Accountant. At least 12 years of experience in SME LAP. Minimum 5 years of experience in a supervisory role. Proven experience in managing a team of at least 10 people. Credit Management and Credit Risk Management skills Analytical Skills and Finance expertise Excellent decision-making abilities Strong attention to detail Great interpersonal and communication skills Key Responsibilities: Credit Policy and Underwriting: Apply and suggest improvements in credit and underwriting policies and processes. Develop and deploy underwriting models to enhance efficiency and effectiveness. Ensure the infrastructure supports these models effectively. Portfolio Management: Conduct comprehensive portfolio studies of the outstanding advances portfolio. Lead credit tightening initiatives to control delinquencies while maintaining business profitability. Balance risk and reward across various products within the zone. Credit Risk Strategy: Maintain and update credit risk strategy and policy through continuous analysis of business and collection trends. Conduct risk assessments and implement mitigation strategies. Ensure the credit policy is in alignment with the overall business goals. Policy Review and Competitor Analysis: Regularly review and update credit policies in line with business objectives. Stay informed on competitor policies and practices to maintain a competitive edge. Reporting: Prepare comprehensive Risk & Credit Decks on a monthly basis for the zone. Provide insightful analysis and recommendations based on these reports. Relationship Management: Develop and maintain strong relationships both internally and externally. Foster a collaborative environment to ensure smooth credit operations. Team Guidance and Development: Ensure a thorough understanding of credit policies across all relevant levels within the team. Provide guidance and support to the team to enhance their performance and understanding. Market Knowledge: Maintain up-to-date knowledge of the market and product segmentation. Use this knowledge to inform credit strategies and decisions. Key Skills and Attributes: Strong analytical and decision-making skills. Excellent leadership and team management capabilities. In-depth understanding of credit risk management and mitigation. Proficient in developing and implementing credit policies. Ability to conduct detailed portfolio analysis. Strong communication and interpersonal skills. Up-to-date with market trends and competitive practices.,
As the Branch Credit Manager for Machinery Equipment Funding (MEF) in Mumbai, you will play a crucial role in underwriting loan applications, managing credit policies, and ensuring the quality of the loan portfolio. Your responsibilities will include evaluating MEF loan cases, utilizing loan origination and management systems efficiently, and maintaining credit turnaround time to facilitate timely loan approvals. You will be expected to adhere strictly to the company's credit policies and guidelines while managing credit underwriting processes. Monitoring delinquency rates, Non-Performing Assets (NPA), and credit costs within approved budgets will be essential to your role. Additionally, providing feedback to the Credit Policy team based on your underwriting experience to enhance credit policies and procedures will be part of your responsibilities. Conducting industry analysis to stay informed about trends and risks affecting MEF and SFP loan segments will be crucial. Key Performance Indicators (KPIs) for your role will include Turnaround Time (TAT), Portfolio Quality, Quality of Appraisal, Cost Management, and Implementation of Processes. To excel in this role, you should possess a minimum of 3-5 years of experience in Credit Underwriting. Technical competencies such as positive attitude, excellent analytical skills, strong communication, and in-depth product knowledge will be necessary. Proficiency in understanding asset types, legal, and technical reports related to financed properties will also be required. Personal attributes like excellent presentation skills, strong communication abilities, high analytical aptitude, dedication, and effective liaising skills will contribute to your success in this position. The mandatory educational qualifications for this role are Chartered Accountant (CA) or MBA (Finance) on a full-time basis.,