Credit Analyst - Credit Underwriting

Job Description

Organization Unit Purpose

GCD BBCU is part of Group Credit and manages the underwriting function for Micro SME Loan products. The unit caters to processing of Merchant Loans, Business Loan, Fleet Finance and Mortgage Loans for companies and self employed customers.Loans are granted based on Length of business of customer, income / turnover calculation within approved policy guidelines & approved under delegated authority level.

Secured Loans Lending facilitates below products.

1. The retail lending for the purchase of Home / Office and Self Construction on existing plots.
2. Lending for Business Vehicle, Equipment and Fleet Finance.

Job Purpose

• To review and underwrite Secured Loan applications received by determining the potential of a customer to pay against a loan based on their income and existing liabilities. Review of Audited Financials, VAT returns, Bank statements to check the repayment capacity and financial health of the company. As part of the review of the audited financials calculate financial ratios, analyze the same with observations and comments.
• Process the application within the central bank framework and approved ENBD product policy and process.
• To take prudent credit decisions as per the delegation of authority. In case the application is not meeting policy criteria or has deviations it is escalated with mitigants at appropriate level.
• Ensure application is processed within stipulated turnaround time.
• Issue LPO for Vehicle Loans/Pre-approval Letter for Mortgage Loans.

Job Content

Evaluate Loan applications

• To ensure policy criteria is followed, all dedupe checks are reviewed, evaluation of customer by way of income/turnover calculation is done correctly to grant appropriate loan amount

Loan applications are processed within TAT

• Managing day to day volumes and ensure decisions are provided within the TAT.

Manage internal stakeholders.

• Interaction with Sourcing team to address their concerns and review relook requests.
• Interaction with RCC and other teams within the bank.

Ensuring satisfactory Audit Ratings done by INA and Central Bank.

• Ensuring controls and processes are followed as per the banks approved process and policies.

Education

• CA/ MBA in finance

Experiences

• Min. of 2-3 years work experience in Credit Underwriting Function for Mortgage Loans/Fleet Finance Loans.
• Proficient in English language - Written & Verbal.
• Mortgage industry knowledge
• Knowledge of Credit Risk assessment for Self-employed Customers, including analysis of audited financials.
• Good Skills in Excel , MS Word, Powerpoint.

Knowledge & Skills

• Good written and oral communication skills
• Ability to work under pressure along with good time management skills and adherence to deadlines.
• Strong data analysis skills, attention to detail and able to work to tight deadlines.
• Relationship and conflict management
• Communication skills
• Negotiation and Influencing
• Achievement oriented

Behavioral Competencies

• Job knowledge and efficiency.
• Adaptability to the situations
• Proactive Follow up and Sense of responsibility.
• Positive attitude
• Willingness to stay back and support for workload share.
• Data Quality, Accuracy and maintain T.A.T
• Regular Attendance and punctuality