Credit Manager

2 weeks ago


Dehra Dūn, Uttarakhand, India Staffiaa Services Full time

Job Description:
Position: Credit Manager (Home Loan and LAP)

CTC:

Upto 8 LPALocation:

DehradunResponsibilities:

Credit Assessment:
Evaluate creditworthiness of home loan and LAP applicants based on financial documents, credit history, and risk analysis

Underwriting:
Review loan applications, ensuring compliance with lending policies, regulatory requirements, and internal guidelines

Decision Making:
Make informed decisions on loan approvals, rejections, or modifications, considering factors such as applicant's income, debt-to-income ratio, collateral, and credit score

Risk Management:
Identify potential risks associated with loan applications and develop strategies to mitigate them, ensuring a balanced loan portfolio

Client Communication:
Communicate credit decisions to applicants and provide explanations for denials or requests for additional information

Collaboration:
Work closely with sales, operations, and legal teams to streamline the loan approval process and resolve any issues that may arise

Policy Development:
Contribute to the development and refinement of lending policies, procedures, and credit scoring models to enhance efficiency and risk management

Qualifications:
Bachelor's degree in finance, accounting, or related field. Master's degree preferred.
Proven experience in credit assessment and underwriting, specifically in the home loan and LAP segment.
Strong understanding of lending principles, credit analysis techniques, and regulatory requirements.
Excellent analytical skills with the ability to interpret complex financial data and make sound decisions.
Effective communication and negotiation skills, with the ability to interact confidently with clients and internal stakeholders.
Attention to detail and ability to work efficiently in a fast-paced environment.
Knowledge of industry-specific software and tools used for credit analysis and underwriting.
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