Asst. Credit Manager NBFC Job Description Template
The Asst. Credit Manager will be responsible for overseeing credit appraisal processes for Home Loans (HL), Business Loans (BL), and Loan Against Property (LAP) in our NBFC branches at Noida, Dehradun, and Haridwar. The role entails ensuring adherence to credit policies, thorough risk assessment, and maintaining overall credit quality.
Responsibilities
- Conduct detailed credit appraisals for Home Loans (HL), Business Loans (BL), and Loan Against Property (LAP).
- Ensure compliance with company's credit policies and procedures.
- Perform risk assessment and analysis of loan applications.
- Coordinate with sales teams to ensure timely processing of credit approvals.
- Monitor and review existing credit portfolio to ensure credit quality.
- Prepare and present credit proposals to the credit committee.
- Stay updated on industry regulations and market trends.
Qualifications
- Bachelor’s degree in Finance, Accounting, or related field.
- Preferably 2-4 years experience in credit management within an NBFC or similar financial institution.
- In-depth knowledge of credit appraisal and risk management.
- Strong analytical and decision-making skills.
- Excellent communication and interpersonal skills.
- Proficiency in financial analysis software and tools.
Skills
- Credit Risk Assessment
- Financial Analysis
- Loan Appraisal
- Regulatory Compliance
- Analytical Thinking
- Decision Making
- Interpersonal Communication
- Financial Software Proficiency
Frequently Asked Questions
An Assistant Credit Manager in a Non-Banking Financial Company (NBFC) is responsible for evaluating and processing credit applications, assessing the creditworthiness of applicants, coordinating with sales teams for loan processing, and maintaining customer relationships. They must adhere to the company’s lending policies and ensure compliance with regulatory guidelines. They are also involved in analyzing financial statements, setting credit limits, and managing risk while maintaining a portfolio of loans.
To become an Assistant Credit Manager in an NBFC, candidates typically need a bachelor's degree in finance, economics, or a related field. Experience in credit analysis, banking, or finance augments the chances significantly. Additionally, gaining professional certifications in credit management or financial analysis can be beneficial. Understanding NBFC regulations and having strong analytical skills, decision-making abilities, and familiarity with financial software will further enhance one’s prospects.
The average salary for an Assistant Credit Manager in a Non-Banking Financial Company varies based on experience, location, and the company's size. While entry-level roles may offer lower packages, candidates with significant experience and proven expertise in credit management, risk assessment, and regulatory compliance can earn competitive salaries. Additional benefits and bonuses can be part of the compensation package, influencing the overall earning potential positively.
Qualifications typically required for an Assistant Credit Manager position in an NBFC include a degree in finance, business administration, or a related field. Many companies prefer candidates with a postgraduate qualification or professional certification in credit management or financial analysis. Relevant work experience in financial services, excellent analytical skills, and a solid understanding of the NBFC sector's regulatory framework are also critical prerequisites.
An Assistant Credit Manager in an NBFC should possess strong analytical skills, excellent decision-making capabilities, and a comprehensive understanding of credit policies and risk management. Responsibilities include evaluating credit applications, assessing customer creditworthiness, maintaining customer records, ensuring compliance with financial regulations, and managing loan portfolios. Effective communication skills and proficiency in financial software are also crucial for performing the role efficiently.