Manager - Education Loan

Bajaj Finserv Limited; Lucknow; On-site; INR 350,000 - 650,000; Full time

Job summary

Bajaj Finserv Limited in Lucknow is seeking a Credit Analyst for Education Loans to assess applications independently, balancing eligibility, repayment capacity, academic factors, collateral, and portfolio quality.

You will review applicant data, verify income and admissibility, coordinate with valuers and lawyers, document assessments, and ensure compliance with credit policy while maintaining turnaround targets. Strong analytical skills and attention to detail are essential.

Qualifications

• Credit appraisal and financial analysis skills are required.
• Ability to assess income, banking, bureau and repayment capacity.
• Experience with secured/unsecured lending and collateral considerations.

Responsibilities

• Review applicant and co-applicant identity, academics, admission, course and funding requests.
• Assess income, banking, bureau, obligations and policy eligibility.
• Evaluate cost of education, scholarships, own contribution and living expenses.
• Assess secured and unsecured structures including collateral through reports and controls.
• Coordinate with valuers and lawyers for timely reports and search for exceptions.
• Prepare or validate credit assessment notes and sanction conditions.
• Decide or refer cases within authority, maintaining audit trail.
• Monitor underwriting quality and portfolio feedback.
• Collaborate with Sales, Risk, Operations and Legal teams while preserving independent judgement.

Skills

Credit appraisal

Financial analysis

Bureau, banking and income assessment

Academic and employability assessment

Collateral and valuation awareness

Report interpretation

Policy compliance

Excel and MIS

Education

Finance, Commerce, Economics, Management degree

Job description

Job Summary

Assess Education Loan applications independently and consistently, balancing customer eligibility, repayment capacity, academic and employability factors, collateral support, legal and technical acceptability, and portfolio quality.

Responsibilities

• Review applicant and co-applicant identity, relationship, academics, admission, institution, course, country, test scores and requested funding.


• Assess income, banking, bureau, obligations, repayment capacity and policy eligibility.


• Evaluate cost of education, scholarships, margin or own contribution, living expenses and the proposed loan amount.


• Assess secured and unsecured structures, including property, gold or other approved collateral, through applicable reports and controls.


• Own or review Legal and Technical Assessment requirements for secured cases and ensure satisfactory reports are available before progressing the credit decision.


• Engage and coordinate with approved third-party valuers and lawyers to facilitate timely valuation, technical and legal reports; review report validity, observations, conditions and exceptions for credit consideration.


• Review verification outcomes, fraud indicators, deviations and mitigants, and raise evidence-based queries.


• Prepare or validate credit assessment notes, recommendations, sanction conditions and deviation matrices.


• Decide, recommend, refer or decline cases within the approved credit authority matrix and ensure complete decision audit trail.


• Monitor underwriting quality, approval, rejection and deviation trends, turnaround time, productivity and portfolio feedback.


• Coordinate with Sales, Risk, Operations, RCU, Collections, Legal, Technical, collateral teams and external service providers while preserving independent credit judgement.


• Provide market and portfolio feedback for policy refinement, process improvement and new product launches.


• Own the assigned credit work queue and resolve day-to-day case queries.


• Maintain accurate system records and elevate material exceptions beyond delegated authority.

Key Decisions / Dimensions

• Approve, recommend, refer or decline cases strictly within the approved credit authority matrix and risk policy.


• Assess the acceptability of legal, technical, valuation and collateral observations for credit decisioning within delegated authority.


• Escalate title, valuation, technical, fraud, policy, compliance and other material exceptions to the prescribed authority.


• Numeric sanction and deviation authorities are to be defined in the approved delegation matrix.


• Key interactions Internal Sales, Product, Risk, Operations, RCU/Fraud Control, Collections, Legal, Technical, Collateral, Compliance, Finance, Technology and COE. External Students, co-applicants, approved valuers, lawyers, legal and technical agencies, verification partners and other approved service providers.

Major Challenges

• Balancing growth, customer experience, turnaround time and portfolio quality.


• Managing incomplete or inconsistent academic, financial, collateral, legal and technical information.


• Coordinating internal teams and third-party agencies while maintaining independent credit judgement.


• Identifying and resolving adverse legal, technical, valuation, fraud or policy observations within defined authority.

Required Qualifications and Experience

Graduate or postgraduate in Finance, Commerce, Economics, Management or a related discipline. 1-3 years of relevant experience in credit appraisal, underwriting, secured/unsecured lending or financial services; Education Loan exposure preferred.

Critical skills and knowledge

• Credit appraisal and financial analysis


• Bureau, banking and income assessment


• Academic and employability assessment


• Secured and unsecured lending


• Legal and Technical report interpretation


• Property valuation, collateral and title-risk awareness


• Third-party valuer, lawyer and vendor coordination


• Fraud-risk awareness and decision writing


• Excel, presentation and business MIS capability