Area/Cluster Credit Manager

Job Description:

- As an Area/Cluster Credit Manager, you will be responsible for overseeing and managing credit operations for Commercial Vehicle (CV) loans within your designated area or cluster.

- This role involves leading a team of credit executives, evaluating credit proposals, and ensuring adherence to credit policies and procedures.

Your responsibilities will include:

Key Responsibilities:

Credit Operations Management:

- Drive and manage credit operations for CV loans within the assigned area or cluster.

- Ensure smooth and efficient processing of credit applications.

Team Leadership:

- Lead, mentor, and monitor a team of credit executives.

- Provide guidance and support to ensure team performance and productivity.

Credit Evaluation:

- Assess credit proposals by evaluating financial statements, business viability, and industrial risks.

- Make informed decisions on loan approvals or rejections based on thorough analysis.

Borrower Verification:

- Verify the creditworthiness and track record of borrowers.

- Conduct background checks to ascertain reliability and financial stability.

Financial Analysis:

- Analyze financial statements to assess short-term and long-term solvency and liquidity.

- Identify potential financial risks and opportunities.

Customer Service:

- Understand customer requirements and provide quick, efficient service.

- Address customer queries and concerns related to credit applications.

Audit and Compliance:

- Establish and maintain an audit framework for credit operations.

- Conduct regular audits, resolve discrepancies, and ensure compliance with internal and regulatory standards.

Analytics and Reporting:

- Perform basic analytics to support credit decision-making.

- Prepare and deliver MIS reports to various stakeholders, providing insights into credit operations and performance.

- Approval Rate and Turnaround Time (TAT):

- Monitor and enforce approval rates and TAT as per prescribed standards.

- Implement strategies to improve efficiency and meet targets.

Vendor Management:

- Manage relationships with vendors and third-party service providers.

- Ensure vendor compliance and performance align with company standards.

Qualifications:

Education:

- Bachelor's degree in Finance, Business Administration, or a related field.

- An advanced degree or professional certification (e.g., CFA, MBA) is a plus.

Experience:

- Proven experience in credit management or financial analysis, preferably within the commercial vehicle sector.

Skills:

- Strong analytical and decision-making skills.

- Proficiency in financial statement analysis and credit evaluation.

- Effective leadership and team management abilities.

- Excellent communication and interpersonal skills.

- Knowledge of regulatory requirements and compliance standards.

- Ability to manage multiple tasks and prioritize effectively.

Key Competencies:

- Leadership: Ability to lead and motivate a team to achieve objectives.

- Analytical Thinking: Strong capability to analyze financial data and make sound decisions.

- Customer Focus: Commitment to understanding and meeting customer needs.

- Attention to Detail: High level of accuracy in financial analysis and reporting.

- Adaptability: Ability to adapt to changing circumstances and requirements