Credit Manager Used Car loan

Jana Small Finance Bank; Bengaluru; On-site; INR 600,000 - 1,200,000; Full time

Job summary

Jana Small Finance Bank is seeking an experienced credit underwriting professional to evaluate and approve used car loan applications within defined authority. You will analyze incomes, bureau reports, and vehicle documentation to assess credit risk while ensuring adherence to policy and regulatory standards.

The role requires strong analytical skills, stakeholder management, and the ability to maintain TAT without compromising credit quality.

Qualifications

• Graduate degree in any discipline.
• MBA/PGDM in Finance or Banking is an advantage.
• Experience in used car loans or retail lending preferred.

Responsibilities

• Evaluate and approve/recommend used car loan applications within credit authority.
• Assess customer income, financial profile, bureau reports, and repayment capacity.
• Review vehicle documents, valuation, ownership, registration, and insurance.
• Identify credit risks, fraud indicators, policy deviations, and irregularities.
• Ensure adherence to credit policy, risk parameters, regulatory requirements, and approval processes.
• Coordinate with Sales, Operations, Collections, and other teams to ensure timely processing.
• Monitor portfolio quality, delinquency trends, and early-warning indicators.
• Provide guidance on complex cases and underwriting decisions.
• Maintain turnaround time while ensuring quality of credit decisions.
• Prepare MIS/reports on approvals, rejections, deviations, portfolio quality, and credit performance.
• Support audits and ensure timely resolution of audit observations.

Skills

Used car loan underwriting

Credit assessment

Bureau reports analysis

FOIR / eligibility calculations

Analytical decision making

Stakeholder management

Education

Graduate degree in any discipline

MBA/PGDM in Finance/Banking (advantage)

Tools

MS Excel

MIS reporting

Job description

Role & responsibilities

• Evaluate and approve/recommend used car loan applications within defined credit authority.
• Conduct detailed assessment of customer income, financial profile, bureau reports, banking transactions, repayment capacity, and overall creditworthiness.
• Review and validate vehicle-related documents, valuation, ownership, registration, insurance, and other relevant documentation.
• Identify potential credit risks, fraud indicators, policy deviations, and irregularities in loan applications.
• Ensure adherence to the company's credit policy, risk parameters, regulatory requirements, and approval processes.
• Coordinate with Sales, Operations, Collections, Valuation, and other teams to ensure smooth and timely loan processing.
• Analyze deviations and make appropriate recommendations based on risk-return considerations.
• Monitor portfolio quality, delinquency trends, and early-warning indicators within the assigned portfolio.
• Conduct customer/field verification wherever required as part of the credit assessment process.
• Ensure proper documentation and compliance before disbursement.
• Provide guidance and support to credit officers/executives on complex cases and underwriting decisions.
• Maintain turnaround time (TAT) while ensuring quality of credit decisions.
• Prepare and review MIS/reports related to approvals, rejections, deviations, portfolio quality, and credit performance.
• Support internal and external audits and ensure timely resolution of audit observations.

Key Skills & Competencies

• Strong knowledge of used car loan underwriting and credit assessment.
• Good understanding of credit bureau reports, banking analysis, income assessment, and FOIR/eligibility calculations.
• Strong analytical and decision-making skills.
• Ability to identify fraud risks and credit anomalies.
• Good understanding of vehicle valuation and documentation processes.
• Strong communication, negotiation, and stakeholder-management skills.
• Ability to work under pressure and meet business TATs without compromising credit quality.
• Proficiency in MS Excel and basic MIS/reporting.

Eligibility

• Graduate degree in any discipline; MBA/PGDM in Finance/Banking will be an advantage.
• 34+ years of relevant experience in credit underwriting/credit appraisal, preferably in used car loans, auto finance, retail lending, NBFCs, banks, or financial services.
• Candidates with experience handling used vehicle finance portfolios and credit approval processes will be preferred.
• Willingness to travel for field verification/branch visits, if required.