Credit Manager

Kotak Mahindra Bank; Mumbai; On-site; INR 1,200,000 - 2,400,000; Full time

Job summary

Kotak Mahindra Bank is seeking a Credit Manager in Mumbai to evaluate loan applications, assess creditworthiness, and manage related risk and documentation. The role emphasizes adherence to credit policies and close collaboration with sales and relationship teams.

The candidate should handle credit monitoring, reporting, and timely loan approvals, while ensuring compliance and minimizing financial risk for the lender.

Qualifications

• CA/CMA/MBA with banking/NBFC underwriting background.
• 2–6 years of work experience in credit evaluation and lending processes.
• Knowledge of audited financials, banking analysis and bureau reports is preferred.

Responsibilities

• Credit assessment of loan applications and financials to determine creditworthiness.
• Conduct risk analysis and set appropriate loan terms.
• Approve or reject loan applications per policies.
• Determine credit limits for approved loans based on risk profile.
• Set interest rates according to risk, market conditions and policies.
• Ensure accuracy of loan documentation and security papers.
• Monitor loan performance and identify early warning signs of defaults.
• Maintain relationships with internal stakeholders and borrowers, reporting as required.

Skills

Credit assessment

Risk analysis

Loan approval

Credit monitoring

Relationship management

Education

CA/CMA/MBA with underwriting background

Tools

MS Office

Loan application systems

Job description

We are looking for a Credit Manager in Mumbai who would be responsible for Processing of Loan applications under surrogate & financials.

Selected candidate would be responsible for evaluating and managing the creditworthiness of potential business borrowers, assessing risks, and ensuring compliance with company credit policies.

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

Role & 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.

Preferred candidate profile

• CA/CMA/MBA from Banks/NBFC with WC and BL underwriting background
• Must have 2-6 years of work experience and decent understanding of assessing audited financials, banking analysis and bureau reports knowhow
• CA freshers are also welcome to apply
• Expertise in MS office and Loan application systems preferred.
• Should be competent in Sensing loan purpose, customer interaction, deliver in defined risk framework and uptime task completion etc.
• Need Mumbai based candidates only