Credit Manager- Machinery loans/Equipment Finance

2 weeks ago

Mumbai, India The Bank Forte Full time

Job description


Machinery Equipment funding


Location: Mumbai


Reports To: RCM


Position Overview:


The Branch Credit Manager for MEF -equipment Funding 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.


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:

  • Chartered Accountant (CA) or MBA (Finance) – full-time only

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