Credit Manager

13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">Job Description

Role Overview: The Branch Credit Manager is responsible for overseeing the credit operations related to mortgage loans, housing finance, and Loan Against Property (LAP) at the branch level. This role involves evaluating credit applications, managing the loan approval process, ensuring compliance with company policies, and maintaining a high-quality loan portfolio. The ideal candidate will have extensive experience in mortgage lending, housing finance, and LAP, combined with strong analytical skills and a customer-focused approach.

Key Responsibilities:

1. Credit Evaluation:
   

   • Assess loan applications and the creditworthiness of potential borrowers for mortgage loans, housing finance, and LAP.
     
   • Conduct thorough analysis of financial statements, credit reports, property evaluations, and other relevant data.
     
   • Ensure accurate and timely processing of credit applications.
     

2. Loan Approval Process:
   

   • Coordinate with the sales team to gather necessary documentation for loan processing.
     
   • Make informed recommendations for approval or rejection of loan applications based on credit analysis.
     
   • Present loan applications to higher authorities for approval as per the company’s policies.
     

3. Risk Management:
   

   • Identify potential risks in loan applications and develop strategies to mitigate them.
     
   • Monitor the loan portfolio for early signs of delinquency and take proactive measures to address issues.
     
   • Ensure compliance with all regulatory requirements and internal credit policies.
     

4. Customer Interaction:
   

   • Interact with customers to clarify queries and provide guidance on loan processes related to mortgage loans, housing finance, and LAP.
     
   • Maintain a high level of customer service and resolve any issues promptly.
     
   • Educate customers about the terms and conditions of the loan products.
     

5. Reporting and Documentation:
   

   • Maintain detailed records of all credit assessments and decisions.
     
   • Prepare regular reports on loan approval rates, portfolio quality, and other relevant metrics.
     
   • Ensure that all documentation is complete, accurate, and compliant with company policies.
     

6. Team Collaboration:
   

   • Work closely with the branch sales team to ensure smooth workflow and efficient loan processing.
     
   • Provide training and guidance to junior staff on credit evaluation and risk management.
     
   • Collaborate with other branches and departments to share best practices and improve processes.
     

Qualifications and Skills:

• Bachelor’s degree in Finance, Accounting, Business Administration, or a related field.
  
• Proven experience in credit management with a focus on mortgage loans, housing finance, and Loan Against Property (LAP).
  
• Strong analytical skills and attention to detail.
  
• Excellent communication and interpersonal skills.
  
• Ability to make sound credit decisions under pressure.
  
• Familiarity with relevant regulatory requirements and compliance standards.
  
• Proficiency in using credit evaluation software and other financial tools.
  

Preferred Qualifications:

• Master’s degree in Finance or a related field.
  
• Professional certifications in credit management or risk assessment.
  
• Experience in managing a team or branch operations.
  

Compensation:

• Competitive salary commensurate with experience.
  
• Performance-based incentives.
  
• Benefits package including health insurance, retirement plans, and other perks.