Officer-Credit LAP

Job Title


Department


Sub-department


Location


Type of Position


Reports To


Role Purpose Objective

• Underwrite Micro Mortgage in the field through thorough assessment and personal discussion with borrower and / or co-borrower
• UnderwriteIL loans in SFB and URC branches to understand the geography and segment
• Sanction or recommend secured loans up to Lakh with proper justification as per product features, credit policy and based on approval rights
• Conduct farm lands, business place, office, and residence verification of the applicants based on the product and purpose of the loan
• Assess repayment capacity, character and cash flow of the applicant.
• Conduct reference checks with customers /suppliers / vendors / dealers.
• Ensure collection of relevant and proper documents. Ensure adherence to internal and regulatory policies / compliances like KYC etc.
• Understand the nature of collateral security, ensure the collateral offered is free from all the encumbrances, having clear title and marketability, the charge creation of the bank on the property should be exclusive first charge.
• Obtain Legal opinion and valuation reports on the collateral offered as security, should clearly advise type of mortgage to be created on the security in the sanction

Size of the Role

Financial Size

• 15Cr - asset portfolio at a cluster level to be managed
• Monthly disbursement of 1.25 Cr
• 25 Credit files processed in a month for a cluster

Non-Financial Size

• Underwriting and approving proposals based on credit parameters and eligibility criteria
• Co-ordinate with business team for smooth flow of business and quick decisionmaking.

Key Duties Responsibilities of the Role

Business

• UnderwriteIL loans in SFB and URC branches to understand the geography andsegment
• Sanction or recommend secured loans up to Lakh with properjustification as per product features, credit policy and based onapproval rights

Location - Akurdi,Pune,Ahmednagar,Nagar,Aurangabad,Nadiad,Himatnagar,Anand,Vadodara,Kheda,Latur,Shirpur,Nashik,Rajpipla,Rajkot,Jamnagar,Botad,Bhavnagar,Modasa,Ahmedabad,Naroda,Morbi,Dholka,Mehsana,Lunawada,Nanded,Dhule,Jalna,Jalgaon,Bhusawal,Chowk,Dahod,Gandhinagar