Key Responsibilities
1. Loan Verification & Appraisal
- Application Processing: Interview applicants and review loan applications to assess the feasibility of granting loans.
- Income & Lifestyle Analysis: Evaluate the client's financial stability, reviewing tax returns, bank statements, and credit reports to verify income. Assess repayment capacity by looking into lifestyle indicators, debt-to-income ratios, and lifestyle expenses.
- Risk Assessment: Calculate risk factors to determine interest rates, credit limits, and repayment terms.
2. Sanctioning & Disbursal Operations
- Approval/Rejection: Approve loans within delegated authority or prepare detailed credit proposals to be presented to the Credit Committee.
- Disbursement Handling: Execute the final disbursement of funds once contracts are signed and legal conditions are met.
- File Management: Maintain highly organized, secure, and compliant files for all disbursed and pending loans.
3. Branch Records & Compliance
- Register Maintenance: Maintain and regularly update branch-level credit records, including the Loan Application Register, Loan Sanction Register, and Title Deed/Collateral registers.
- Compliance: Ensure all lending activities adhere to banking regulations and internal financial policies.
4. Post-Sanction Monitoring & Recovery
- Portfolio Monitoring: Track repayment schedules and monitor the ongoing financial status of active loans.
- Follow-up & Recovery: Coordinate with borrowers to ensure on-time installments and assist the collections team with stressed or delinquent accounts.
Essential Qualifications
- Education: Bachelor's degree in Finance, Accounting, Business Administration, or a related field.
- Experience: Proven experience in credit analysis, banking, or loan processing operations.
- Skills: Strong numerical/analytical skills, high attention to detail, and proficiency in financial and database software
Pay: ₹17,250.00 - ₹21,000.00 per month
Benefits:
- Health insurance
- Paid sick time
- Paid time off
Work Location: In person
