Area Credit Manager
Grade Eligibility
Senior Executive
Designation
Credit Manager Prime LAP
Reporting to
SCM
Location
Function
Risk
Job Purpose
The role incumbent will be responsible for end-to-end credit underwriting and disbursal of mortgage loans (Prime LAP)
Role
- Credit assessment and underwriting of prime LAP applications based on product and policy norms end to end from login to disbursal of loans
- Appraising loan applications for credit worthiness ensuring adherence to KYC norms, credit bureau assessment and financials
- Disbursal of Mortgage Loans including all checks and verifications
- Coordination with legal, technical and processing vendors and training of vendors and vendor staff on processes and polices
- In-person meetings and discussions with clients
- Responsible for maintaining the processing TAT
- Participate in and clear regular internal and external audits
- Vendor management, including quality monitoring
Qualification & experience
- Years of experience 3to4 years
- Mandatory Qualification Chartered Accountant/ MBA in Finance
- Good to have - Basic financial knowledge of P&L / Balance Sheet and financial ratios
- Should have worked in mortgage underwriting (HL, LAP) for some part of underwriting career.
- Should have worked in the same geography as role
Essential skills
- Ability to work in unstructured and evolving situations with an open mind
- Work in large and varied teams and deliver individual requirements within the same
- Adhere to expected TAT without compromising on quality
- Taking of initiatives, strong execution skills, forward thinking ability to anticipate hurdles
- Ability to understand customer needs and be responsive
- Technology skills understanding of and working with existing market technologies in the mortgage industry
