Credit Manager - Retail LAP (Chennai,Delhi,Pune,Kolkata)

Credit - Loan Against Property (Residential/ Commercial/ Industrial)

To provide loans, overdraft, LRD facilities to Individuals, small & medium traders, manufacturers & service providers and self-employed professionals for business and personal needs secured against Residential, Commercial and Industrial Property. LAP vertical aims at presence /coverage in most of the major cities towns of the country (Tier-I, II & III).

- Role involves credit appraisal within defined credit policy guidelines for the product, evaluating risk factors and identifying suitable mitigants and term sheet preparation.

- Putting up the proposal to the relevant sanctioning authority with the suitable recommendations.

- To maintain quality of the appraisal along with the desired TAT for the proposal and contribute towards the Advances, and profit targets of the organization.

- To ensure systematic verification processes and co-ordinate with verification agencies.

- To be up to date on industries we lend and business environment in general.

- Appointment of the Title Search Advocates and Valuers and Co-ordinate with the client and the TSR Advocate / Valuers and finalizing the Reports.

- Interact with Customers & understand their requirement and regularly monitor delinquencies

- Understanding of property related knowledge (like legal title and market value of the property).

- Implementation of robust procedures and ensuring proper documentation of loan files of the location.

- Maintaining regular and updated MIS for management reporting.

- Coordinating with Internal and external teams - Business, Operations, Legal, Legal counsels, consultants and clients for execution of documents.

- Deferral clearance within pre-defined time-lines by coordinating with Customer, Sales and Operations teams.

- Putting up the periodic reviews of the accounts and monitor the portfolio on regular basis. Also ensuring the up to date Insurance policy, periodic site visits, revaluation wherever needed etc.

- Audit compliance on all aspects stipulated by CO and regulatory compliance in the location.

- End-to-end dealing of account from sanction to LAP portfolio monitoring to identifying stress in the account and take proactive measures to coordinating with business, operations and legal team for recovery.

- Understanding of property-related knowledge (like legal title and market value of the property).

- Understanding of the Real Estate Sector especially major Tier - I, II & III cities/ towns.

- Repayment capacity appraisal and due diligence checks.

- Understanding of proper documentation of loan files.

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