Credit Underwriter – Risk

Virtuousresources; Mumbai; On-site; INR 700,000 - 1,500,000; Full time

Job summary

A financial services company in Mumbai is seeking a Credit Underwriter to evaluate loan applications for infrastructure financing. The ideal candidate should have 3 to 10 years of experience, preferably with a strong understanding of renewable energy sectors and excellent analytical skills. Responsibilities include conducting credit worthiness assessments and ensuring compliance with guidelines.

Qualifications

• 3 to 10 years of experience in credit underwriting.
• Sound knowledge and understanding of infrastructure sectors, specifically renewable energy.

Responsibilities

• Evaluate credit worthiness of loan applications.
• Ensure compliance with internal and regulatory guidelines.
• Monitor performance of the infrastructure lending portfolio.

Skills

Working knowledge of infrastructure finance

Sound knowledge of financial statements, ratios and related analysis

Good communications and interpersonal skills

Self-motivated and customer oriented

Sound problem solving and decision-making skills

Education

CA/MBA

Job description

Credit Underwriter – Risk

Role & Responsibilities

• To undertake a comprehensive study into the credit worthiness of applications for Infrastructure lending, cross verify the credit records of borrowers/guarantors & undertake critical analysis of risks (market, credit, interest, exchange & legal) associated with the application
• To ratify appraisal reports received from the credit teams of business groups for each application with internal credit ratings & evaluate recommendations received in support of lending decisions
• To ensure efficient turnaround time for validating the proposals and preparing the risk notes
• To get information about the borrower and the proposal from various networks and suitably use them in the proposal evaluation
• To monitor the compliance of internal and regulatory guidelines, companies act, income tax act etc.
• To have risk awareness about macro and sectoral issues related to infra financing
• To constantly evaluate the competitive norms in Banks and Leading NBFCs for Risk metrics and allowances and deploy the best practices in the organization
• To perform portfolio monitoring and analytics for effective risk monitoring & formulate compliance processes for new and existing business
• To monitor the infrastructure lending portfolio performance by continual analysis of fundamentals & reviewing the ratings, analyze the covenants and evaluate industry performance in that sector
• To devise various analytical tools to measure the portfolio health from various angles and highlight ‘early warning’ signals
• To review the covenants of loan proposals at frequent intervals and undertake action for serious deviations.
• To regularly upgrade credit procedures & ensure their compliance with internal & external rules of lending
• To manage a robust documentation mechanism for business proposals & develop MIS reporting for areas under risk management
• To maintain the credit committee notes, risk notes, final copy of credit arrangement letters
• To maintain accurate reports & analysis of portfolio risk variances & trends for the Infra lending portfolio
• To present periodic MIS to the Chief Compliance & Risk Officer and other internal and external stakeholders
• To coordinate with Business group to implement strong credit recovery mechanisms for default loans recovery and avoidance
• To coordinate with Business Group to ensure monitoring of repayment schedules of Infrastructure and Project finance borrower accounts & their timely recoveries
• To provide tactical inputs for action plan on critical accounts
• To work closely with the business team and legal team to take action against defaulting parties

Key Skills and Qualifications

• Education: CA/MBA
• Experience: 3 to 10 yrs
• Working knowledge of infrastructure finance
• Sound knowledge and understanding of infrastructure sectors (specifically the renewable energy sector)
• Sound knowledge of financial statements, ratios and related analysis
• Self-motivated and customer oriented
• Sound problem solving and decision-making skills
• Good communications and interpersonal skills