Credit Manager Used Car Loans, Mumbai

🎯 Role Purpose

We are looking for a seasoned Credit Manager – Used Car Loans who can drive quality underwriting decisions while balancing business growth and portfolio risk. The incumbent will be responsible for evaluating loan applications, assessing customer creditworthiness, and ensuring compliance with the bank's credit policies and regulatory guidelines.

🔑 Key Responsibilities

📊 Credit Assessment & Underwriting

• Evaluate and underwrite Used Car Loan proposals for Salaried and Self-Employed customers.
• Analyze income documents, bank statements, financials, repayment capacity, and credit bureau reports.
• Review customer profiles and assess overall credit risk before recommending approval/rejection.
• Handle deviation cases within the approved credit framework.

🚘 Vehicle Evaluation

• Review vehicle valuation reports, RC documents, ownership history, and eligibility criteria.
• Ensure financed vehicles meet the bank's lending norms and risk parameters.

⚖️ Risk & Compliance

• Maintain strict adherence to internal credit policies, regulatory guidelines, and audit requirements.
• Identify potential fraud indicators and mitigate credit risks proactively.
• Monitor portfolio quality and support initiatives to reduce delinquency and NPAs.

🤝 Stakeholder Management

• Work closely with Sales, Operations, Legal, Collections, and Business teams.
• Ensure smooth loan processing and timely decision-making within defined TATs.
• Support business teams in structuring quality proposals while maintaining credit discipline.

📈 Portfolio Monitoring

• Track approval trends, delinquency indicators, and portfolio performance.
• Provide feedback to business teams for improving sourcing quality and risk selection.