Credit Manager - Affordable Mortgage Loans

IDFC FIRST Bank; Lucknow; On-site; INR 700,000 - 1,000,000; Full time

Job summary

IDFC FIRST Bank in Lucknow, UP, is seeking a Credit Manager for Affordable Mortgage Loans to assess loan applications, determine creditworthiness, and guide borrowers on terms. The role requires collaboration with Sales, rigorous policy adherence, and thorough checks like RBI lists and CIBILS.

The ideal candidate has 2-3 years in underwriting, a postgraduate degree, and strong analytical skills to maintain portfolio health and timely approvals.

Qualifications

• Postgraduate degree is required.
• 2-3 years of relevant underwriting experience.
• Experience in affordable mortgage underwriting is preferred.

Responsibilities

• Develop affordable mortgage loan credit policies per laws, regulations, and industry trends.
• Assess customers sourced by Sales as per credit policy.
• Scrutinize loan applications, KYC, financial reports and collateral documents for eligibility.
• Underwrite proposals based on customer profiles.
• Verify credit checks including RBI default lists, dedupe checks, and CIBILS per policy and guidelines.
• Analyze statements of account and prepare perfios reports.

Skills

Credit underwriting

Financial analysis

Risk assessment

Education

Post Graduate Degree

Tools

Perfios

Job description

Job Requirements

Role/ Job Title : Credit Manager - Affordable Mortgage Loans

Business

Retail Underwriting - Affordable Mortgage Loans

Function/ Department

Credit - underwriting

Job Purpose

'Candidate will be responsible for assessing the loan applications, which involves determining the financial health and creditworthiness of potential borrowers, as well as agricultural activities carried out at his field. These managers work with borrowers to explain loan terms and offer advice aimed at reducing risks and achieving positive outcomes for all parties.

Roles & Responsibilities

'1. Help develop relevant affordable mortgage loans credit policies based on laws, regulations, and industry trends.

• Assessment of customers sourced by Sales Team as per credit policy.
• Scrutiny of loan application, KYC, Financial Reports, Collateral Documents and ascertaining eligibility as per credit policy.
• Underwriting of proposal is based on customers profile.
• Verification of Credit checks like RBI default list, dedupes checks about negative, caution and restricted profiles, Probe details, Individual and Commercial CIBILS, etc. and other mandatory checks as per credit policy and guidelines.
• Analysis of statement of accounts, preparation of perfios.

Secondary Responsibilities

'1. Understanding account related parameters. i.e., Churning, Cheque Returns, Utilization of facility, Interest Servicing, Cash flows, Cash deposits, remittance, and receivables details etc.

• Analysis of valuation report and legal reports
• Maintain best Turn Around Time and keep nil Audit and hind-sighting error to ensure quality in underwriting and maintain healthy Portfolio

Qualifications

Post Graduate Degree - Graduate / Post Graduate / Professional qualification

Years of Experience

2-3 Years of relevant experience