Credit Manager

Role & responsibilities

• Financial assessment of high-net-worth strategic customers through careful study of financial documents.
• Risk Management; Reduced credit risk by developing Mitigation, workout and liquidation plans.
• Implement risk assessment analysis with scoring models and reviewing complex credit proposal.
• Consistent assessment of the strength and weakness within the portfolio.
• Developed comprehensive learning modules for new credit managers, ensuring a seamless onboarding process and fostering a strong foundation in credit management practices.
• Managed quality underwriting operations through implementing FIRST TIME RIGHT (FTR) logins, which resulted in qualitative turnaround time for the customers.
• Implemented change management by reviewing quality of credit risk, assessment and underwriting processes through digitization.
• Analyzed and verified financial documentation, including tax returns, bank statements, and financial statements, to assess borrowers' creditworthiness.
• Utilized advanced underwriting tools and software to evaluate credit applications.
• Developed custom underwriting criteria for different loan products to optimize risk management.
• Engaged in regular review and adjustment of credit underwriting guidelines to reflect changing market conditions.
• Conducted site visits and face-to-face interviews with major clients for high-value loan assessments for effective credit underwriting.

Creditworthiness: Assessing the creditworthiness of individuals, businesses, or current customers. This involves analysing financial data, credit reports, and payment history.

Loan requests: Reviewing, approving, or denying loan requests.

Interest rates: Calculating and establishing interest rates.

Loan terms: Negotiating loan terms with clients.

Credit policies: Creating, reviewing, and revising company credit policies.

Compliance: Ensuring that all lending procedures are compliant with the law.

Collections: Managing collections effectively, including negotiating payment plans and maintaining positive customer relationships.

Credit scoring models: Developing models to predict hazards.

Bad debts: Monthly review of bad debts and assistance with bad debt provision analysis.

Perks and benefits

As per company norms