Credit Policy Development Manager

3 days ago


Vadodara, Gujarat, India CARS24 Full time
About Us

CARS24 Financial Services is a leading AutoTech company that's transforming the car ownership journey for our customers. Our mission is to make car ownership stress-free, allowing people to focus on the open road rather than roadside worries.

Salary and Benefits

We offer an estimated salary of $120,000 per year, along with a comprehensive benefits package that includes health insurance, retirement planning, and opportunities for professional growth.

Job Description

The Working Capital/Dealer Finance Credit Policy and Portfolio Manager will play a crucial role in developing, implementing, and managing credit policies for working capital products. This position requires a strong understanding of credit underwriting, portfolio risk management, and financial analysis.

Key Responsibilities:
  • Credit Policy Development: Develop and implement credit policies tailored to different segments (SME, Dealer finance, cash credit or overdraft etc.). Ensure alignment of credit policies with regulatory requirements and internal risk appetite.
  • Underwriting and Risk Assessment: Design and improve credit underwriting frameworks to assess the creditworthiness of borrowers.
  • Portfolio Management: Monitor and manage the working capital portfolio to ensure healthy performance. Conduct regular portfolio reviews to identify emerging risks.
  • Credit Approval Process: Oversee the credit approval process for working capital products. Manage exceptions and escalate significant credit issues.
  • Stakeholder Management: Work with business development teams to align credit policy with market needs.
  • Risk Reporting and Analytics: Develop periodic risk reports and dashboards for senior management. Use data analytics to refine credit policies.
  • Process Improvement: Identify opportunities for process automation and improvements in credit evaluation.
Requirements

To be successful in this role, you'll need:

  • At least 7 years of experience in credit risk management, portfolio management, or credit underwriting, preferably in working capital or SME lending.
  • Prior experience in automotive financing, especially with dealer loans and floor plan financing.
  • A strong understanding of credit risk analysis, underwriting processes, and working capital products.
  • Knowledge of financial statement analysis, cash flow analysis, and lending principles.


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