Credit Head for Secured Loans NBFC Thane, Mumbai Job Description Template
As the Credit Head for Secured Loans at our NBFC in Thane, Mumbai, you will lead and manage the credit assessment team, ensuring that all secured loan applications are evaluated thoroughly and accurately. You will develop and implement credit policies, work closely with various departments, and ensure compliance with regulatory requirements.
Responsibilities
- Oversee the credit assessment and loan approval process for secured loans.
- Develop and implement credit policies and procedures.
- Monitor and manage the performance of the secured loan portfolio.
- Analyze financial statements and credit reports to determine loan eligibility.
- Collaborate with sales, operations, and risk management teams.
- Ensure compliance with regulatory requirements and internal policies.
- Conduct periodic reviews of credit policies and procedures.
- Lead, mentor, and develop the credit assessment team.
- Prepare and present credit risk reports to senior management.
- Work on improving credit scoring models and risk assessment tools.
Qualifications
- Master's degree in Finance, Accounting, or a related field.
- Minimum of 10 years of experience in credit assessment and risk management.
- Proven experience in managing secured loan portfolios.
- Strong analytical and decision-making skills.
- Excellent communication and leadership abilities.
- Thorough knowledge of regulatory requirements and industry best practices.
- Experience with credit scoring models and risk assessment tools.
- Proficiency in financial statement analysis.
Skills
- Financial Analysis
- Credit Risk Management
- Loan Portfolio Management
- Regulatory Compliance
- Leadership
- Risk Assessment
- Credit Scoring Models
- Financial Reporting
- Communication
- Team Management
Frequently Asked Questions
A Credit Head for Secured Loans at an NBFC in Thane, Mumbai oversees the credit evaluation process for secured loan applications. They ensure adherence to credit policies, manage risk assessments, and guide the credit team in decision-making. Their role includes analyzing financial statements, assessing borrower creditworthiness, and developing strategies to mitigate credit risks. This position demands strong leadership skills and a thorough understanding of the secured loans market.
To become a Credit Head for Secured Loans at an NBFC in Thane, Mumbai, candidates should ideally hold a graduate degree in finance, accounting, or a related field, coupled with extensive experience in credit management. Prior roles such as Credit Manager or Senior Credit Analyst can provide the necessary preparation. Professional certifications in credit analysis or risk management can also enhance a candidate's qualifications and prospects for advancement.
The average salary for a Credit Head for Secured Loans at an NBFC in Mumbai varies based on experience, the size of the organization, and specific responsibilities. On average, experienced Credit Heads can command competitive salaries, reflecting their pivotal role in managing credit risk and loan portfolio performance. Salaries are often complemented by performance bonuses and other benefits, making this position financially rewarding.
A Credit Head for Secured Loans NBFC typically needs a bachelor's degree in finance, business administration, or a related field. Many employers prefer candidates with a master's degree or certifications such as Chartered Financial Analyst (CFA) or a risk management qualification. Extensive experience in credit analysis, risk assessment, and a proven track record in handling secured loans are critical for this role.
A Credit Head for Secured Loans at an NBFC must possess strong analytical skills, expertise in credit risk management, and excellent leadership capabilities. Responsibilities include developing credit policies, guiding and training credit teams, and ensuring the sound assessment of borrower profiles. They also play a critical role in maintaining loan portfolio quality and achieving organizational risk objectives, requiring both strategic vision and operational efficiency.