Credit Manager Used Car loan

Role & responsibilities

• Evaluate and approve/recommend used car loan applications within defined credit authority.
• Conduct detailed assessment of customer income, financial profile, bureau reports, banking transactions, repayment capacity, and overall creditworthiness.
• Review and validate vehicle-related documents, valuation, ownership, registration, insurance, and other relevant documentation.
• Identify potential credit risks, fraud indicators, policy deviations, and irregularities in loan applications.
• Ensure adherence to the company's credit policy, risk parameters, regulatory requirements, and approval processes.
• Coordinate with Sales, Operations, Collections, Valuation, and other teams to ensure smooth and timely loan processing.
• Analyze deviations and make appropriate recommendations based on risk-return considerations.
• Monitor portfolio quality, delinquency trends, and early-warning indicators within the assigned portfolio.
• Conduct customer/field verification wherever required as part of the credit assessment process.
• Ensure proper documentation and compliance before disbursement.
• Provide guidance and support to credit officers/executives on complex cases and underwriting decisions.
• Maintain turnaround time (TAT) while ensuring quality of credit decisions.
• Prepare and review MIS/reports related to approvals, rejections, deviations, portfolio quality, and credit performance.
• Support internal and external audits and ensure timely resolution of audit observations.

Key Skills & Competencies

• Strong knowledge of used car loan underwriting and credit assessment.
• Good understanding of credit bureau reports, banking analysis, income assessment, and FOIR/eligibility calculations.
• Strong analytical and decision-making skills.
• Ability to identify fraud risks and credit anomalies.
• Good understanding of vehicle valuation and documentation processes.
• Strong communication, negotiation, and stakeholder-management skills.
• Ability to work under pressure and meet business TATs without compromising credit quality.
• Proficiency in MS Excel and basic MIS/reporting.

Eligibility

• Graduate degree in any discipline; MBA/PGDM in Finance/Banking will be an advantage.
• 34+ years of relevant experience in credit underwriting/credit appraisal, preferably in used car loans, auto finance, retail lending, NBFCs, banks, or financial services.
• Candidates with experience handling used vehicle finance portfolios and credit approval processes will be preferred.
• Willingness to travel for field verification/branch visits, if required.