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Job Id: 414
Job Title: Credit Executive - Mumbai
Industry: Banking, Financial Servcies & Insurance
Functional Area: Accounting / Finance / Tax / Audit / Company Secretary
Salary: 2 Lac - 3 Lac
Job Location: Mumbai
About the Client

The company is India's Leading Non Banking Finance Company (NBFC) operating in Wholesale & SME Lending.

As part of the business activities,the company is predominantly focused into Asset Financing and Lending business. The Wholesale Lending Business segment provides specialized and holistic solutions to Indian corporates helping them build and grow their businesses with initial funding, mezzanine financing, acquisition financing etc. They focus on products in the structured credit space backed by adequate collaterals and cash flows to build a secured and quality wholesale lending portfolio.

Job Description

Designation: Credit Executive.

Grade: Sr.Executive.

Position reporting to : Zonal Credit Manager.

Team handling : No

Function : Credit Underwriting.

Product : Loan Against Property

Location : Mumbai.

1. Credit Risk Management
Prepare and review credit applications made and provide assessment
Conduct financial statement and business analysis for loan eligibility.
Preparation of applications in conjunction with the ZCM for loan sanctions where loan amount is higher than CM / ZCM,sanction authority,Manage Productivity, file processing cost within the budgeted levels,Ensure processing of files within agreed Timelines.

2.Business Risk Partnership
Work in partnership with Sales teams on new and existing credit applications, providing guidance on credit appetite and other pertinent information prior to applications being made
Proactively contribute to embedding agreed change management initiatives within sales teams in support of process improvement and policy development
Support and contribute to specific projects as determined
Act as a constant source of feedback to product and policy teams to aid in innovating the current product offering and launching new products

3.Wider Risk ManagementSupport the ZCM in identifying training and development needs of Vendors and initiation support staff in relation to policy & process.Participate actively in general good credit governance initiatives and uphold highest standards of risk management.Proactively contribute to embedding change management initiatives in support of process improvement and policy development regarding clients

4.People Management & Performance Management
Identification, hiring , training and retention of the desired Credit staff at area & branch levels.Implement the performance management system and culture as per the objective of the organizationImplementing the monitoring mechanism and MIS to ensure that each parameter of KPI is constantly measured, reported,analyzed and improved

5.Governance & Compliance
Implement processes as per policy.
Educate and train the team members on the policy requirement
Ensure and check that policies and standards are being implemented at the ground level
Ensure that the recommended process of appointment, management and review of Vendors is being followed.Implementing the Fraud Control systems.Ensure that branch / area is always Audit Complaint with internal and external policies and regulations

6. Customer Service
Create a customer centric culture.Implement, measure, monitor and control parameters that improve customer experience.

Desired Candidate Profile
  • Should be able to manage sales & collection function of the branch.
  • Should have Exposure of Property backed & Asset based lending products.
  • Should have knowledge about local industrial trend /Machineries.
  • Basic knowledge of Legal aspect of the recovery unit.
  • Should have corporate sales exposure.
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