Deputy Area Manager - Credit

Bajaj Finserv Limited; New Delhi; On-site; INR 1,500,000 - 2,500,000; Full time

Job summary

Bajaj Finserv Limited in India seeks a Credit Manager to drive underwriting for new car loans nationwide. The role requires strong industry knowledge, market intelligence, and adherence to risk policies to extend credit only to credit-worthy firms and individuals.

The incumbent will help scale the car loan book, bring insights from credit risk and underwriting processes, and ensure compliance with internal policies.

Qualifications

• Experience in financial services underwriting is required.
• Strong analytical and risk assessment capabilities.
• Excellent communication and stakeholder management skills.

Responsibilities

• Underwrite new car loan applications with a pan-India scope.
• Incorporate industry best practices in processing turnaround and risk metrics.
• Ensure compliance with underwriting policies and internal controls.
• Provide insights from credit and risk to inform lending decisions.
• Support business and risk operations to achieve long-term goals.
• Report to the Regional Credit Manager.

Skills

High process orientation

Analytical skills

Positive attitude

Communication in English

Stakeholder management

Education

Chartered Accountant / MBA

Job description

Job Summary

The role of the Credit Manager will require a strong understanding of industry knowledge market intelligence and underwriting processes at BFL to ensure that only credit worthy firms Individuals are extended loans in line with BFL's risk policies.

BFL is currently in the process of scaling up its new car business and the incumbent for this role is expected to bring in industry level insights from credit, risk as well as process perspective.

Duties and Responsibilities

• FTL 2 - New Car loans
• This role covers pan India strategy for new car loans from sale purchase, balance transfer, as well as re-finance perspective.
• Underwriting of new car loans business
• Incorporate industry best practices with respect to processing turn-around, risk metrics and policy
• To provide an inside perspective on under-writing as managed by the leading financiers in the industry
• Drive ownership of internal processes compliance with underwriting policies
• Support Business, Risk Operations in meeting the long term goals of the respective businesses
• This role reports to the Regional Credit Manager.

Required Qualifications and Experience

• Chartered Accountant / MBA with atleast 3 years of experience in financial services under-writing
• Atleast 3 years underwriting experience in used car loans with a reputed bank/NBFC

Skills

• High process orientation
• Good analytical skills
• Positive attitude
• Good communication skills, with proficiency in English
• Ability to interact and build common ground with various stake-holders in the business