A Credit Manager for Tractor Loans typically oversees the entire credit underwriting process for tractor loans, focusing on assessing the creditworthiness of potential customers and ensuring compliance with credit policies. This role involves evaluating loan applications, analyzing financial statements, and interacting with customers and channel partners. The manager also manages a team of credit analysts, ensuring efficient processing of loan applications and conducting thorough analysis of credit appraisal memos.
Key Responsibilities:
Credit Underwriting:
Evaluating loan applications, assessing creditworthiness, and making decisions on loan approvals or modifications.
Risk Management:
Managing credit risk through effective appraisal, maintaining portfolio quality, and adhering to credit policies.
Financial Analysis:
Analyzing financial statements, income assessment, and interpreting credit bureau reports.
Customer Interaction:
Managing customer objections, suggesting optimal solutions, and building relationships with channel partners.
Compliance:
Ensuring compliance with bank policies, regulatory requirements, and stock audit procedures.
Portfolio Management:
Monitoring existing loans, identifying delinquent accounts, and managing stress accounts.
Required Skills and Experience:
Education:
Post Graduate/MBA or equivalent degree in finance or a related field.
Experience:
Minimum 4-12 years of experience in credit underwriting, particularly in tractor loans or new car loans.
Knowledge:
In-depth understanding of credit policies, financial statements, and credit risk management.
Analytical Skills:
Ability to analyze financial data, interpret credit bureau reports, and assess customer creditworthiness.
Communication Skills:
Ability to interact effectively with customers, channel partners, and internal teams.
Negotiation Skills:
Ability to negotiate terms and conditions with customers and channel partners.