Credit Manager

Piramal Finance ltd., is hiring Credit manager for its retail business. The person will be responsible for analysing the customer credit profile including financials and cash flow analysis for both salaried & self-employed segments, conducting personal discussions and underwrite / sanction the case.

Role & responsibilities

• Responsible for upholding the Piramal brand by preparing quality proof proposal document detailing the loan eligibility as underwriting/sanction procedure for approving/rejecting loan applications procured by Sales
• Conduct meetings and personal discussion (PD) with customers to understand their business, profile and loan requirement, and visiting business premise, property and residence of customer at the time of PD
• Assess borrowers profiles, repayment capacity and income stability to understand credit worthiness of customer by analysis of all documents, observation & findings of PD
• Analyse all customer related information in line with credit & risk policy to check eligibility
• Understand actual business income & expenses (other than reported income) of customer
• Interpret results of financial analysis, banking analysis and bureau reports
• Study, analyse and interpret legal & technical reports of property and other internal check reports
• Responsible for Underwriting and sanction of Home loan/loan against property files sourced by sales team and preparing the required proposal document detailing the loan eligibility
• Revert on post sanction conditions prior to disbursement based on queries raised by the team
• Provide recommendation on complex cases to supervisors for seeking necessary decision based on deviation/ approval matrix
• Co-ordinate and communicate with different departments
• Maintain TAT as per guidelines
• Adhere to the policy/ process laid out by the Central team on all loan applications being processed
• Closely monitor on non-starters/first EMI bounce trends
• Ensure compliance on all aspects stipulated by company and regulatory committees
• Maintain and report various MIS to monitor portfolio performance and risk
• Continuously improve underwriting capability based on portfolio performance