Credit Manager - LAP

Job Summary**

We are seeking an experienced Credit Manager to lead the Loan Against Property (LAP) credit assessment and approval process. This role is crucial in managing credit risk, ensuring compliance with company policies, and supporting the growth of our LAP portfolio.

Job Responsibilities**

• Conduct thorough credit appraisals for Loan Against Property (LAP) applications, including financial analysis, property valuation assessment, and borrower repayment capacity evaluation.
• Analyze credit reports, bank statements, income documents, and other relevant financial data to determine creditworthiness.
• Assess and mitigate risks associated with LAP proposals, ensuring adherence to credit policies and regulatory guidelines.
• Approve or reject credit applications within delegated authority limits, or recommend to higher authorities for approval.
• Monitor portfolio performance and identify potential early warning signals for delinquent accounts.
• Collaborate with sales teams to understand customer needs and provide timely credit decisions.
• Ensure compliance with all internal credit policies, procedures, and external regulatory requirements.
• Contribute to the development and refinement of credit policies and processes for the LAP segment.
• Conduct periodic reviews of existing LAP accounts and re-evaluate creditworthiness as needed.
• Train and mentor junior credit team members, if applicable.

Job Qualifications**

• Bachelors degree in Finance, Accounting, Business Administration, or a related field. Masters degree or professional certifications (e.g., CA, CFA) preferred.
• Minimum of 5-8 years of experience in credit appraisal and underwriting, specifically within the Loan Against Property (LAP) segment, preferably in an NBFC or banking environment.
• Strong understanding of financial statements, credit analysis techniques, and property valuation methodologies.
• In-depth knowledge of credit risk management principles and practices.
• Familiarity with regulatory frameworks and compliance requirements for LAP in India.
• Excellent analytical, decision-making, and problem-solving skills.
• Strong communication and interpersonal skills, with the ability to articulate credit decisions effectively.
• Proficiency in credit appraisal software and Microsoft Office Suite (especially Excel).
• Ability to work independently and manage multiple priorities in a fast-paced environment.

Any Graduates