Credit Manager - Personal Loan

Kotak Mahindra Bank Limited; Ahmedabad District; On-site; INR 1,200,000 - 1,600,000; Full time

Job summary

Kotak Mahindra Bank Limited is seeking a Credit Manager for Personal Loan credit role and responsibilities in Ahmedabad district. The position involves evaluating creditworthiness, processing loan applications, and developing credit policies to manage risk.

Ideal candidates have mid-level experience in credit underwriting and risk management, with a focus on regulatory compliance and portfolio monitoring. The role requires thorough analysis and decision-making aligned with internal policies.

Qualifications

• Experience in credit underwriting for personal loans.
• Strong analytical ability to assess financial statements and credit reports.
• Knowledge of regulatory requirements and internal credit policies.

Responsibilities

• Evaluate creditworthiness of personal loan applicants based on financial data and credit history.
• Approve or reject loan applications following policy and risk framework.
• Develop and update credit policies, guidelines, and procedures to manage risk.
• Create credit scoring models to assess risk and determine credit limits.
• Monitor loan portfolios, track payments, and manage delinquent accounts.
• Ensure lending activities comply with applicable regulations and internal policies.

Skills

Credit risk analysis

Loan processing

Regulatory compliance

Job description

Credit Manager-Personal Loan-Credit Role & Responsibilities

• Creditworthiness Assessment: Evaluate potential personal loan applicants by analyzing financial statements, credit reports, and payment histories to determine their creditworthiness and ability to repay.
• Loan Application Processing: Manage and authorize loan and credit applications, deciding to approve or reject requests based on established credit policies and the applicant's financial profile.
• Credit Policy Development: Create, implement, and regularly update the company's credit policies, guidelines, and procedures to mitigate risk and optimize loan performance.
• Risk Management: Develop credit scoring models to predict risks and set credit limits for borrowers, thereby managing the overall credit exposure of the organization.
• Loan Portfolio Management: Monitor the existing loan portfolio, ensuring timely payments and managing overdue accounts through follow-ups and debt settlement negotiations.
• Regulatory Compliance: Ensure all lending activities and credit procedures comply with applicable local and national regulations and internal policies.

Experience Level

Mid Level