SMFG India Credit Transaction Officer Interview Questions and Answers for Experienced

Q1. Previous job roles
Ans. 
I have held various roles in credit management, including Credit Analyst, Collections Specialist, and Credit Supervisor.
• Credit Analyst role involved assessing creditworthiness of customers and making recommendations for credit limits.

• Collections Specialist role focused on contacting customers with overdue accounts and negotiating payment plans.

• Credit Supervisor role involved overseeing a team of credit analysts and col...read more
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Normal question about company and other things

Q1. Previous experience
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Q2. Salary of previous organization
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Q1. What's your work profile and CTS
Ans. 
I have over 5 years of experience as a Credit Manager, specializing in risk assessment, credit analysis, and collections.
• Managed credit risk by analyzing financial statements and credit reports

• Developed and implemented credit policies to minimize bad debt

• Negotiated payment terms with customers to ensure timely payments

• Worked closely with sales team to evaluate creditworthiness of new customers
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Q2. Business Underwriting for Unsecured secured business loan and my current CTC **** and expected ****
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Nothing , easy only logical and communication

It was easy basic logical reasoning

Q1. Introduction of yourself
Ans. 
I am an experienced Credit Manager with a strong background in financial analysis and risk assessment.
• Over 5 years of experience in credit management

• Proficient in financial analysis and risk assessment

• Strong understanding of credit policies and procedures

• Excellent communication and negotiation skills

• Proven track record of reducing bad debt and improving cash flow
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Q2. Document in credit
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Documenting credit information is crucial for assessing risk and making informed decisions.
• Maintain detailed records of customer credit applications, approvals, and payment history

• Include relevant financial statements, credit reports, and references in the documentation

• Regularly update and review credit files to ensure accuracy and compliance with policies

• Document any communication or agreements regarding credit terms ...read more
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Q1. What is FOIR meaning
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FOIR stands for Fixed Obligation to Income Ratio, a measure used by lenders to assess a borrower's ability to repay a loan.
• FOIR is calculated by dividing the total fixed obligations of a borrower by their gross monthly income.

• Lenders use FOIR to determine if a borrower can afford the loan repayment based on their income.

• For example, if a borrower has fixed obligations of $500 and a gross monthly income of $2000, the FO
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Q2. Fixed obligation income ratio
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Q1. Work Experience in Credit
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Q2. Current CTC now
Ans. 
My current CTC is $70,000 per year.
• My current CTC is $70,000 per year

• I am currently earning $5,833 per month

• I received a salary hike last year, bringing my CTC to $70,000
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Q3. Current company Notice period
Ans. 
My current company has a notice period of 30 days.
• Notice period at current company is 30 days

• Standard notice period in the industry is usually 30-60 days

• Some companies may have longer notice periods based on seniority or position
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