Credit Manager

This role is for one of Weekday’s clients
Min Experience: 3 years
Location: Amreli
JobType: full-time

Job Overview:
We are seeking an experienced and detail-oriented Credit Manager with a strong background in Home Loans, Loan Against Property (LAP), Legal & Property Appraisal (LPA), and Affordable Housing Loans. The ideal candidate will have at least 3 years of experience in the credit underwriting and risk assessment domain within the retail lending or housing finance sector.

The Credit Manager will be responsible for evaluating creditworthiness, assessing risk, ensuring compliance with credit policies, and maintaining the quality of the loan portfolio. This role involves close coordination with the sales, legal, technical, and operations teams to ensure timely and accurate processing of loan applications.

Key Responsibilities:

• Credit Assessment:
  Evaluate loan applications for Home Loans and Loans Against Property, including detailed financial, credit, legal, and technical analysis.
• Policy Compliance:
  Ensure adherence to internal credit policies and RBI guidelines while processing and sanctioning loans. Identify any deviations and escalate with appropriate justifications.
• LPA (Legal & Property Appraisal):
  Review and interpret legal documents and property valuations. Coordinate with legal and technical vendors for due diligence, title verification, and valuation reports.
• Risk Analysis:
  Conduct risk assessment of borrowers including income verification, financial analysis, banking patterns, and repayment capacity. Assign risk grades and recommend appropriate sanction limits.
• Affordable Housing Loans:
  Assess and underwrite cases under affordable housing segments, understanding the nuances of borrower profiles with informal income documentation.
• Sanctioning:
  Independently appraise and sanction files within delegated authority. Recommend cases beyond authority to higher management with detailed notes and risk evaluations.
• Coordination & Communication:
  Work closely with the sales team to support business growth while maintaining quality of the credit portfolio. Liaise with legal, technical, and operations teams for case processing and turnaround time (TAT) adherence.
• Portfolio Monitoring:
  Monitor post-disbursement performance of the loan book, conduct periodic reviews, and flag early warning signs. Assist in delinquency management by identifying high-risk profiles.
• Process Improvement:
  Recommend improvements to credit appraisal processes, systems, and policies to enhance productivity, risk mitigation, and customer satisfaction.
• Documentation & MIS:
  Maintain accurate documentation, records, and MIS reports for audit and compliance purposes.

Key Skills & Requirements:

• Bachelor’s degree in Finance, Commerce, Business Administration or a related field. MBA or CA preferred.
• Minimum of 3 years of experience in credit underwriting for Home Loans and LAP in banks, NBFCs, or housing finance companies.
• Strong knowledge of credit underwriting principles, LPA processes, legal and technical due diligence.
• Familiarity with the affordable housing finance sector and informal income assessment techniques.
• Excellent analytical and decision-making skills.
• Strong communication and interpersonal skills for cross-functional coordination.
• High attention to detail with a focus on compliance and risk management.
• Proficiency in Microsoft Excel and lending software/tools.