Credit Processing Associate -Machinery Loans

Ratnaafin Capital; Surat; On-site; INR 350,000 - 500,000; Full time

Job summary

Ratnaafin Capital in Surat, Gujarat, invites applications for a Credit Processing Officer role. You will meet clients, collect documents, assess creditworthiness, and explain loan terms.

You will use loan management software, ensure compliance, and coordinate with management through the approval process. We seek a Bachelor’s degree with at least two years of experience in loan processing, strong communication, ethics, and ability to handle sensitive financial information in line with state

Qualifications

• Bachelor's degree required.
• At least 2 years' experience as a credit processing officer.
• Knowledge of loan application procedures and lending practices per state regulations.
• Strong communication skills and proven customer service experience.
• Strong ethical behavior and ability to handle sensitive financial information.

Responsibilities

• Meet with clients interested in loans and explain the application process.
• Collect financial documents and assess client creditworthiness.
• Analyze risk ratios based on credit score and history.
• Approve or deny loan requests and inform clients and management.
• Explain monthly installments, interest rates, and costs.
• Maintain loan records using loan management software.
• Manage loan renewals and schedule follow-up meetings.
• Monitor progress of applications and communicate hindrances to clients.
• Ensure applications comply with company policies and laws.

Skills

Communication skills

Customer service

Ethical conduct

Financial documentation

Credit analysis

Loan processing

Education

Bachelor's degree

Tools

Loan management software

Job description

Role & responsibilities

• Meeting with clients interested in taking out a loan and providing them with the necessary information to start the loan application process.
• Collecting the needed financial documentation and assessing the clients' creditworthiness.
• Calculating and analyzing the risk ratios of clients based on their credit score and financial history.
• Approving or denying loan requests and communicating your decision to both clients and management.
• Setting up payment plans for clients explaining monthly instalment amounts, interest rates, and other costs.
• Maintaining records of loan applications by using loan management software.
• Managing loan renewals by organizing followup meetings with clients.
• Monitoring the progress of the loan application process and relaying any hindrances to clients.
• Ensuring that loan applications are in line with the company's financial policies, as well as state laws and regulations.

Preferred candidate profile:

• Bachelor's degree required.
• A minimum of 2 years' experience as a credit processing officer.
• Knowledge of loan application procedures and best lending practices according to state laws and regulations.
• Strong communication skills and proven customer service experience.
• Strong ethical behavior and the ability to work with sensitive financial information.