Credit Manager-Used Cars
IDFC FIRST Bank — Mumbai, MUMBAI
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Job Description
Job Requirements About the Role
The Credit Manager – Used Car is responsible for evaluating and managing credit proposals for Used Car Product. The role involves, management and maintenance of the quality of the portfolio while ensuring alignment with IDFC First Bank credit risk appetite and the overall credit strategy. Requires close coordination with the sales team and other stakeholders. Execution of the tasks to be managed, which is both sales supportive and risk averse contributing to the larger organizational objectives of the bank.
Key Responsibilities
Primary Responsibilities
- Responsible for underwriting Used Car proposals as per the laid down policies & procedure to honour the agreed SLAs and manage business volumes.
- Conduct personal discussion with customers to establish credit worthiness.
- Coordinate with sales to achieve targets and ensure SLAs are met.
- Ensuring credit policy adherence to the accepted standards
- Review and approve credit proposals given the discretionary authority and forward others to appropriate approval authority while ensuring compliance with the bank’s credit policy.
- Ensure credit and business commitments are aligned with the bank’s strategic goals.
- Identify key credit risks and recommend appropriate mitigation strategies during proposal evaluations.
- Vendor co-ordination for CPV, PD & Valuation agencies for Quality & TAT as per the agreed SLA’s.
- Channel co-ordination for improvement in TAT & Quality sourcing.
Secondary Responsibilities
- Monitor and review the performance of the retail credit portfolio on a regular basis, providing recommendations for changes wherever necessary.
- Recommend improvements to processes and policies across to drive operational efficiencies and high-quality service.
- Preparing Internal MIS's for tracking the Productivity & TAT and ensuring the corrective measures are taken for the gaps identified.
What We Are Looking For
Education
Experience
- Minimum of 1 years of relevant experience in credit evaluation, financial analysis, or related fields.
Skills and Attributes
- Strong analytical and financial assessment skills.
- Ability to interpret financial statements and apply financial ratios effectively.
- Excellent communication and interpersonal skills for dealer and team interactions.
- Proficiency in managing MIS reports and databases.
- Detail-oriented with a proactive approach to risk identification and resolution.
Frequently Asked Questions
What are the eligibility criteria for the Credit Manager-Used Cars job at IDFC FIRST Bank?
Eligibility typically includes the qualifications and experience outlined in the job description above, with around 0-2 Years years of relevant experience expected for this role.
What are the primary responsibilities of a Credit Manager-Used Cars at IDFC FIRST Bank?
The key responsibilities for this role are detailed in the Key Responsibilities section above, covering the core duties expected of a Credit Manager-Used Cars at IDFC FIRST Bank.
Is prior experience required for this position?
This role requires around 0-2 Years years of relevant experience, as specified in the job listing. Please refer to the Qualifications & Experience section above for full details.
What skills are important for this role?
Skills relevant to this position are outlined in the Qualifications & Experience section above. In general, strong communication, domain knowledge, and the ability to meet role-specific targets are valued across similar BFSI positions.
How do I apply for the Credit Manager-Used Cars role at IDFC FIRST Bank?
You can apply directly using the Apply Now button on this page, which will take you to IDFC FIRST Bank's application process for this role.
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