Credit Manager Business Loans

Kotak Mahindra Bank; Bhopal; On-site; INR 600,000 - 1,200,000; Full time

Job summary

Kotak Mahindra Bank in Bhopal is seeking a Credit Manager to oversee business loan processing and assess creditworthiness in line with company policies.

The role involves credit assessment, risk analysis, loan approval, limit and rate determination, documentation, and ongoing monitoring. Ideal candidates hold CA/CMA/MBA with BL underwriting and 2–4 years of relevant experience, with strong MS Office skills and based in Bhopal.

Qualifications

• 2–4 years BL underwriting experience
• Good understanding of audited financials, banking analysis and bureau reports
• MS Office and loan application systems proficiency
• Based in Bhopal

Responsibilities

• Credit Assessment: review applications, financial statements, credit reports to assess creditworthiness
• Risk Analysis: identify risks, evaluate ability to repay, set appropriate loan terms
• Loan Approval: approve/reject applications per policies
• Credit Limit Determination: set limits aligned with borrower risk
• Interest Rate Determination: set rates based on risk and policies
• Loan Documentation: ensure accuracy of loan docs
• Credit Monitoring: monitor loan performance and mitigate risks
• Relationship Management: liaise with internal and external stakeholders
• Reporting: prepare reports on loan performance and risk exposure

Skills

Credit analysis

Risk assessment

Loan processing

Relationship management

Education

CA/CMA/MBA in Banking

Tools

MS Office

Loan application systems

Job description

We are looking for a Credit Manager in Bhopal who would be responsible for Processing of Business 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 BL underwriting background
• Must have 2-4 years of work experience in BL underwriting and decent understanding of assessing audited financials, banking analysis and bureau reports knowhow
• 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.
• Should be based in Bhopal