Credit Manager (mortgages)

Company Overview

Not Provided

Job Summary

We are looking for a skilled Credit Manager to join our team. The candidate must have a passion for credit and be able to work collaboratively with other stakeholders. This role is crucial in assessing borrowers' profiles and ensuring the creditworthiness of customers, contributing to the overall success of the organization.

Responsibilities

• Assess borrowers' profiles, repayment capacity, and income stability.
• Visit business premises, properties, and residences of customers during the due diligence process.
• Understand actual business income and expenses of customers beyond reported income.
• Analyze customer business requirements from their perspective.
• Evaluate creditworthiness and intention to repay loans through document analysis and observations.
• Study, analyze, and interpret legal and technical reports of properties.
• Underwrite and sanction home loan/loan against property files sourced by the sales team.
• Respond to post-sanction conditions prior to disbursement based on team queries.
• Recommend cases to supervisors for necessary decisions based on deviation/approval matrix.
• Coordinate and communicate with different departments.
• Maintain turnaround time (TAT) as per guidelines and take cases to decision points.
• Adhere to policies and processes laid out by the Central team for all loan applications.
• Monitor non-starters and first EMI bounce trends closely.
• Maintain and report various Management Information Systems (MIS) to monitor portfolio performance and risk.
• Continuously improve underwriting capabilities based on portfolio performance.

Qualifications

• Graduate degree.
• 4-6 years of experience in credit management, specifically in the affordable home segment.
• Strong knowledge of credit assessment and underwriting processes.
• Excellent analytical and decision-making skills.
• Strong communication and interpersonal skills.
• Ability to work collaboratively with various stakeholders.

Preferred Skills

• Experience in the mortgage industry.
• Familiarity with legal and technical property reports.
• Proficiency in using credit assessment software and tools.

Experience

• 4-6 years of relevant experience in credit management or a related field.

Environment

• Work Type: Full-time
• Work Mode: In-office
• Location: Mumbai

Salary

• Estimated salary range: ₹800,000

Growth Opportunities

Not Provided

Benefits

• Competitive salary packages and bonuses.
• Mediclaim plans for you and your dependents.
• Access to educational resources for self-improvement – both technical and non-technical.