Credit Underwriter

The Greater Bombay Cooperative Bank; Mumbai; On-site; INR 550,000 - 900,000; Full time

Job summary

The Greater Bombay Cooperative Bank is seeking a Retail Credit underwriter to assess housing, mortgage, personal, vehicle, education loans and more.

The role involves supporting business goals for Retail loans, maintaining asset quality, conducting customer discussions, and providing MIS to senior management to aid strategic decisions.

Qualifications

• The Bank’s retail credit underwriting and assessment process for Housing Loans, Mortgage Loans, Personal Loans, Vehicle Loans, Education Loans, Working Capital limits to traders/shopkeepers, small businesses, SHGs and other special schemes.
• Support in achieving business goals for Retail loans & advances including adherence to TAT, profitability, asset growth and fee-based revenues.
• Responsible for monitoring and maintaining asset quality and supervision of the Retail credit portfolio.
• Conduct Personal Discussions with customers and visit customers/business/sites/residences as required.
• Assist teams with marketing strategies, tie-ups and process re-engineering in the Retail portfolio to achieve targets and returns.
• Provide quantitative and qualitative reporting and MIS to Senior Management for strategic decision making.
• Periodically review, renew and monitor the portfolio to ensure asset quality is maintained.
• Liaise with dealers, vendors and authorities for growth of Retail loan portfolio, SHGs, etc.

Responsibilities

• Underwrite and assess Retail loan applications across various loan types.
• Interact with customers to gather information and perform site visits when required.
• Coordinate with branches and vendors to ensure smooth processing and tie-ups.

Job description

1) The functional responsibilities would comprise of Credit underwriting and assessment of Retails Loans comprise of Housing Loans, Mortgage Loans, Personal Loans, Vehicle Loans, Education Loans, Working capital limits to traders/ shopkeepers, small buisnesses, SHGs and other special schemes of the Bank

2) Actively support in achievement of business goals for Retail loans & advances. This includes adherence to TAT, meeting budgeted profits, achieving targeted asset level, building a smooth process flow, arresting asset quality slippages and assist in achieving budgeted fee based revenues etc.

3) Responsible for closely monitoring and maintaining asset quality, supervision and control of the Retail credit portfolio of the bank.

4) Conduct Personal Discussion with customers and visit to customer / business / Office / site / residence / mortgage asset.

5) Responsible for assisting the teams with implementing marketing strategies, tie - ups and process re-engineering in the Retail portfolio to achieve business targets and maximize returns.

6) Providing effective quantitative and qualitative reporting and MIS to Senior Management for better strategic decision making.

7) Periodically review, renew and monitor the portfolio to ensure asset quality is maintained.

8) Effectively liaison with registered dealers, vendors and authorities of various tie-ups engaged for the growth of the Retail loan portfolio , SHGs, etc.