Credit Manager -Underwriting-Credit Officer -Axis Bank

About Retail and Wholesale Credit:

The Retail and Wholesale Credit department focuses on the collection of the banks various loan products like Home Loans, Car Loans, and Personal Loans among others. While underwriting department focuses on risk mitigation towards the loan offered to the customers. The department is key for the Loans business vertical as it is responsible for controlling and ensuring timely EMI collection and maintaining risk of the business.

About the Role:

The Credit Officer is responsible for the appraisal and approval of the Working capital, BL, LAP loan application on the basis of the power delegated to the and for onward recommendation of the same to the credit team.

Key Responsibilities:

• Appraise or underwrite the loans within defined policy guidelines and accordingly take decisions or recommend for approval to appropriate authority
• Assess the income, ability, intention, and credit behavior of the applicant and verify it documents and reference checks as well as from credit bureaus
• Evaluate all the credit risk parameters and implement measures to mitigate the same
• Prepare the Credit Approval Memo and manage the overall TAT and approval rate
• Ensure complete adherence to the laid down policy and procedure / process

Qualifications:

Optimal qualification for success on the job is:

CA or MBA from a recognized institute

Role Proficiencies:

For successful execution of the job, the candidate should possess the following:

• Knowledge of credit, banking regulations and norms
• Maintain a high level of knowledge of banking products and services
• Good communication (both verbal and written) skill in both English and the local language
• Ability to handle pressure and meet deadlines