Manager - Credit Analyst - SME

1. COMPANY DESCRPITION

Magma Fincorp Limited (formerly Magma Leasing Limited) was incorporated in 1988 and commenced operations in 1989 in Kolkata. We have grown to be one of India's large retail-finance companies and have built a total assets under management of more than Rs.11, 860 crore. We have a wide operating footprint in India with 200 branches across 21 States/UT in the country. The Magma family comprises over 5800 'Magma-ites', working across different functional verticals. We have serviced over 575,000 customers and have more than 270,000 live customers as of date.

We are headquartered in Kolkata (India), and registered with the Reserve Bank of India as an asset financing NBFC. Magma is listed on National Stock Exchange and Bombay Stock Exchange.

We have a diversified product- portfolio spanning over several products and services , including financing of Utility Vehicles & Cars, Commercial Vehicles, Construction Equipments, Tractors , Suvidha (Refinance), SME Loans and Insurance

We not only provide a one-stop-shop financing facility to our customers, but also fulfill the dreams of millions of first-time entrepreneurs; catalyzing local economies and helping the nation grow.

Website: http://www.magma.co.in

JOB PURPOSE

- Conducting credit appraisal for loan files and documents.

- Grading and Screening the customer profile and documents wrt to policy and norms of the organization.

- Recommendation and Approvals of loan files as per the approval matrix.

- Monitoring of Infant and Early Delinquency of the latest portfolio.

- Regular visits to Dealers, DSA and Valuators in understanding the market and competition.

- Identifying the risk in the portfolio and suggesting for the changes thereon.

- Interpretation of MIS, understanding root cause and recommendation of action plan for future course of action.

- Liaison with other departments for achievement of common goals of the organization.

ORGANISATIONAL CHART

PRINCIPAL ACCOUNTABILITIES

Accountabilities Key Performance Indicators

Quality- Control on the portfolio by ensuring quality appraisal and approvals of files within the prescribed TAT.

Targets- To achieve delinquency targets.

Self-Driven- TAT

- Liaison with Valuation and RCU vendors

Qualifications & Experience:

- Should a Graduate / PG from a recognized Institute. CA Preferred

- Should have overall 4+ yrs of Experience in reputed Bank/NBFC -

- With sound knowledge in finance industry. Local knowledge is must.

- Should have the ability to judge the customer profile and delivers quick TAT with quality decisions.

INTERACTIONS

Internal Interaction

- Job Role you need to interact with Internally in the organization to enable success in your day to day work

- Support Functions and Line functions across the organization

External Interactions

- Job Role you need to interact with outside the organization to enable success in your day to day work
Valuators and RCU Vendors