Credit Head - Unsecured Business Loans - NBFC

About the Company: 

The client is a Non-Banking Finance Company (NBFC) registered with Reserve Bank of India (RBI) as ND-SI (Non-Deposit taking systemically important) and is listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).

About the opportunity:

- The company has a book size of around Rs 2500 Cr and it has aggressive plans to increase the book size to around Rs 10,000 Cr over next 3-4 years. To support that growth, the company has launched Unsecured Business Loans and has already started building up the team for the same.

- The core product which they have started off with is Merchant Cash advance (MCA). This product will be services to the customers using a mix of Technology, Analytics and Field force, which will ensure quicker TAT, robust underwriting process and better customer service.

We are looking at a Credit Head for this Business vertical.

Job Description:

1. Building, mentoring and managing a team of Credit Managers across the country.

2. Detailed and objective assessment of unsecured business loan / merchant cash advance applications originating from across the country.

3. Assess the profile based on performance against predefined criteria, as well as an independent analysis of borrower's credit profile.

4. Credit appraisals of the loan proposals with the help of financial analysis of the customers, information, and comforts gathered in Personal Discussions, market business references, etc.

5. Capturing key data elements and analyzing them, interpreting the cross-period movements and understanding the macro mechanics of the system.

6. Analysis of financial statements and performance review of the same and checking the rating of the individuals given by CIBIL & matching the same with EXPERIAN Hunter database.

7. Assessing credit worthiness of applicant by use of performance history and future forecasts along with liquidity, debt/asset management and profitability ratios

8. Assessing needs of clients and accordingly charting out viable finance portfolio after considering financial, legal and technical aspects.

9. Responsible for the compliance to procedures laid down for processing, sanction, documentation and disbursement of various loan products at all the branches.

10. Ensuring there are no overdues or irregularities in all the asset accounts.

11. Scanning documents to avoid frauds and skips by minimizing the losses & implementing recovery strategies in case of payment defaults