Credit Manager (mortgages)

Job Summary

We are seeking a skilled Credit Manager to join our team, specializing in mortgage credit assessment. The ideal candidate will have a passion for credit evaluation and the ability to collaborate effectively with various stakeholders. This role is critical in assessing borrower profiles, underwriting home loans and loans against property, and ensuring adherence to credit policies to support the organization’s lending goals.

Responsibilities

• Assess borrower profiles, repayment capacity, and income stability.
• Conduct site visits to business premises, properties, and residences of customers during the pre-disbursement (PD) stage.
• Analyze actual business income and expenses beyond reported figures.
• Understand customer business operations and requirements from their perspective.
• Evaluate customer creditworthiness and repayment intention through document analysis, observations, and PD findings.
• Study, analyze, and interpret legal and technical property reports.
• Review and interpret internal check reports.
• Underwrite and sanction home loan and loan against property applications sourced by the sales team.
• Address post-sanction conditions prior to disbursement based on team queries.
• Recommend cases to supervisors for decisions based on deviation or approval matrix.
• Coordinate and communicate with different departments to ensure smooth processing.
• Maintain turnaround time (TAT) as per guidelines and drive cases to decision points.
• Adhere strictly to policies and processes established by the Central team for all loan applications.
• Monitor non-starter and first EMI bounce trends closely.
• Maintain and report various Management Information Systems (MIS) to track portfolio performance and risk.
• Continuously improve underwriting capabilities based on portfolio performance insights.

Qualifications

• Graduate degree required.
• 4-6 years of relevant experience in credit management, preferably in the affordable home loan segment.
• Strong knowledge of affordable home segment lending.
• Proficient in credit risk assessment and underwriting.
• Ability to analyze financial documents and legal reports.
• Excellent communication and coordination skills.
• Strong analytical and decision-making abilities.
• Ability to work collaboratively with cross-functional teams.

Preferred Skills

• Experience with loan sanctioning and post-sanction monitoring.
• Familiarity with credit policies and approval matrices.
• Skills in MIS reporting and portfolio risk monitoring.
• Understanding of property legal and technical documentation.

Experience

• 4 to 6 years of experience in credit management, mortgage underwriting, or related financial services roles.

Environment

• Location: Mumbai
• Work Type: Full time
• Work Mode: Hybrid (combination of remote and in-office work)

Benefits

• Competitive salary packages and performance bonuses.
• Mediclaim insurance plans covering the employee and dependents.
• Access to educational resources for both technical and non-technical self-improvement.