Manager - Credit - Financial Services/FinTech Firm

Company Profile: We have a vacancy as Credit Manager for leading Financial Services org. based at Worli. Our clients are a highly successful, fast growing, professionally managed FinTech organisation. The organisation is very well funded by some of the World's most prestigious PE firms, has over 10 branches in India, book size of over Rs.1000 crores and headcount of over 600#. The position reports to the Director-Finance. The organisation is a non-deposit taking FinTech organisation registered with RBI. They are engaged in a highly profitable niche segment of lending business targeting small and medium sized retailers who find it difficult to get financed by traditional financial institutions. The loan offering is quite unique in terms of its parameters such as monetisation of future cash flows from payment cards swiped on Point-of-Sale terminal, flexibility in repayment, and partnership spirit.

It is a one-of-the-kind offering and has created a separate industry in the country. They have developed a specialised technology platform to cater to our special product. They also have CIBIL membership and access to consumer as well as commercial credit data. The company is driven by innovation, technology and entrepreneurial spirit in each sphere.

The company has developed a business framework which not only encompasses traditional lending segments but also has a strong customer relationship program. The development of this framework has led to engagement programs which have been customised for merchants and hence have a relation which would be independent of the loan. This is a unique feature in the product bouquet and leads to opportunities in having a very strong fee based presence in the financials.

The company operates out of its head office in Mumbai.

The position is expected to be closed by mid-May

Job Description: The position holder will be part of the core Risk & Credit Management team. Will do credit assessment for big ticket cases from 25 lacs to 70 Lacs. Will lead a team of 4-5 credit executives

KRAs

1. Establishing key qualification rules & credit worthiness of applicants

2. Preparing credit evaluation reports evaluating risk in borrower, transaction and underlying security and making recommendations.

3. Preparing review and renewal credit reports for revisiting the limits and assessing the same for credit alerts

4. Working on new credit monitoring measures and credit triggers and their tracking.

5. Monitoring and proactively highlighting risk in the portfolio of loans or the underlying security or the client.

6. Meeting clients at regular intervals and making detailed visit reports for further information on the clients

7. Liasioning and networking in the industry to seek reference checks for clients as well as understanding the industry & economy dynamics

8. Ensuring the approvals are taken as per policies laid down and ensuring the internal policies on credit are not violated

Candidate Profile: CAs / MBAs with 7-10 years experience in NBFC/Banks handling unsecured loan underwriting / credit assessment of big ticket cases from 25 lacs to 70 Lacs. Expert knowledge of Industry specific, market knowledge & trends. Expert knowledge of financial with key ratio & their impact.

Should you be interested in this assignment, may mail your latest CV in Word.doc immediately clearly indicating in subject: REF: Credit Manager, BFSI