Chief Manager/Senior Manager/Deputy Manager - Loan Processing (2-10 yrs)

Report to: Vice President

Location: MUMBAI

Experience: 2 to 10 years of relevant experience

Job Summary:

The Chief Manager/ Senior Manager/ Deputy Manager (Loan Processing) will oversee loan processing operations, ensuring efficient processing and approval of loan applications. These positions will work closely with credit analysts and management to streamline processes and ensure compliance with regulatory standards. The senior officer will also mentor and guide junior loan processors.

Key Responsibilities:

- Review and evaluate loan applications and supporting documentation for completeness and accuracy.

- Chief Manager will supervise a team of officers, ensuring high-quality loan processing within agreed timeframes.

- Collaborate with credit analysts to verify applicants' financial status, creditworthiness, and risk.

- Ensure compliance with NBFC policies, regulatory guidelines, and risk management procedures.

- Maintain strong relationships with customers and respond to loan-related inquiries and concerns.

- Approve or recommend approval of loan applications, based on credit policies.

- Review and enhance loan processing workflows to improve efficiency.

- Identify and mitigate risks associated with loan processing activities.

- Prepare reports on loan processing activity for senior management.

Key Skills and Competencies:

- Deep knowledge of loan processing, credit risk assessment, and NBFC regulatory requirements.

- Candidates with experience of working in ARC/NBFC/Banks will be preferred.

- Strong analytical skills with attention to detail.

- Excellent communication and customer service skills.

- Team leadership and mentoring experience.

- Proficiency in loan processing software and MS Office applications.

- Ability to work under pressure and meet deadlines.

Qualifications:

- Bachelor's degree in Commerce, Finance, Business Administration, or related field. Chartered Accountants preferred.

- 2-10 years of loan processing or credit evaluation experience in a financial institution or NBFC.