Credit Manager - Underwriting (Personal Loan)

IndusInd Bank Limited; Mumbai; Hybrid; INR 800,000 - 1,100,000; Full time

Job summary

IndusInd Bank Limited in Mumbai seeks a Credit Manager Personal Loan (Underwriting) to assess and underwrite applications in line with policy. You will review income, banking and bureau data, and deliver timely decisions while maintaining portfolio quality.

You will verify documents, conduct fraud checks, evaluate FOIR and liabilities, and mentor junior underwriters, coordinating with verification agencies to ensure strict policy compliance.

Qualifications

• MBA-qualified with emphasis on finance or analytics.
• Experience in underwriting and policy adherence.
• Hands-on experience with credit policy and risk controls.

Responsibilities

• Underwrite Personal Loan applications per policy and guidelines.
• Assess eligibility through income, banking and bureau analysis.
• Make credit decisions within defined TAT while maintaining portfolio quality.
• Review documents, bureau reports, verification reports and fraud checks.
• Evaluate repayment capacity, FOIR and liabilities before approval.
• Process policy exceptions with required approvals when justified.
• Ensure compliance with credit policies, risk and regulatory requirements.
• Mentor junior underwriters and coordinate with verification agencies.

Skills

Personal Loan underwriting

Credit assessment

FOIR analysis

MS Excel

MS Word

Analytical skills

Decision making

Risk assessment

Communication skills

Time management

Teamwork

Multitasking

Education

MBA

Tools

LOS

MS Excel

MS Word

Job description

Title: Credit Manager Personal Loan (Underwriting)

Education Qualification: MBA

Roles & Responsibilities

• Underwrite Personal Loan applications as per credit policy and underwriting guidelines.
• Assess applicant eligibility through income, banking, and credit bureau analysis.
• Make credit decisions within defined TAT while maintaining portfolio quality.
• Review application documents, bureau reports, verification reports, and fraud checks.
• Evaluate repayment capacity, FOIR, and existing liabilities before approval.
• Process policy exceptions with required approvals where justified.
• Ensure compliance with credit policies, risk, and regulatory requirements.
• Mentor junior underwriters and coordinate with verification agencies.

Technical Skills

• Strong knowledge of Personal Loan underwriting and credit assessment.
• Understanding of credit policies, risk evaluation, FOIR, and repayment capacity analysis.
• Hands-on experience with Loan Origination Systems (LOS).
• Good knowledge of CIBIL and other credit bureau reports.
• Proficiency in MS Excel and MS Word.Strong analytical, decision-making, and risk assessment skills.

Soft Skills:

• Goal oriented, highly motivated, team-player person
• Strong analytical, decision making and communication skills
• Ability to multitask and work independently
• Strong attention to details and ability to time management