Credit Manager

Kotak Mahindra Bank; Chennai; On-site; INR 1,000,000 - 1,500,000; Full time

Job summary

Kotak Mahindra Bank in Chennai seeks a Credit Manager for Working Capital to evaluate and manage creditworthiness of business borrowers, assess risks, and ensure compliance with credit policies. The role involves analyzing financial data, monitoring loan performance, and managing collections to minimize risk and maximize profitability for the lending division.

The position requires strong credit assessment, risk analysis, and loan documentation skills, with a focus on maintaining robust credit

Qualifications

• Evaluating and managing the creditworthiness of potential business borrowers.
• Assessing risks and ensuring compliance with company credit policies.
• Experience in credit management within banking is desirable.

Responsibilities

• Credit Assessment: Reviewing loan applications, financial statements, credit reports, and other relevant documents to assess a business's creditworthiness.
• Risk Analysis: Identifying potential risks, evaluating repayment ability, and determining loan terms.
• Loan Approval: Approving or rejecting loan applications per policies.
• Credit Limit Determination: Setting appropriate limits aligned with borrower capacity and risk.
• Interest Rate Determination: Setting rates based on credit risk and market conditions.
• Loan Documentation: Ensuring accuracy and completeness of loan documents.
• Credit Monitoring: Tracking loan performance and mitigating risks.
• Relationship Management: Collaborating with internal teams and borrowers.
• Reporting: Preparing reports on loan performance and risk exposure.

Skills

Credit analysis

Risk assessment

Communication

Job description

Role & responsibilities

Credit Manager for Working Capital

Responsible for evaluating and managing the creditworthiness of potential business borrowers, assessing risks, and ensuring compliance with company credit policies.

They analyze financial information, monitor loan performance, and manage collections, ultimately minimizing financial risk and maximizing profitability for the lending institution.

Key Responsibilities

• Credit Assessment: Reviewing loan applications, financial statements, credit reports, and other relevant documents to assess a business's creditworthiness.
• Risk Analysis: Identifying potential risks associated with lending to specific businesses, evaluating their ability to repay loans, and determining appropriate loan terms.
• Loan Approval: Approving or rejecting loan applications based on creditworthiness and adherence to company policies.
• Credit Limit Determination: Setting appropriate credit limits for approved loans, ensuring they align with the borrower's financial capacity and risk profile.
• Interest Rate Determination: Determining interest rates for loans based on factors like credit risk, market conditions, and company policies.
• Loan Documentation: Ensuring the accuracy and completeness of all loan documentation, including loan agreements, security documents, and other relevant paperwork.
• Credit Monitoring: Continuously monitoring the performance of existing loans, identifying early warning signs of potential defaults, and taking necessary actions to mitigate risks.
• Relationship Management: Building and maintaining relationships with internal stakeholders, such as sales and relationship management teams, as well as external stakeholders, such as borrowers and industry professionals.
• Reporting: Preparing reports on loan performance, risk exposure, and other relevant metrics for management and other stakeholders.