Officer-Credit LAP

Job description

Job Description POSITIONDESCRIPTION JOBTITLE Officer-CreditMicro Mortgages GRADE DM-II DEPARTMENT Credit LOCATION Branches SUB-DEPARTMENT CreditMicro Mortgage TYPEOF POSITION Full-time REPORTSTO ClusterCredit Manager-Micro Mortgage REPORTINGINTO NA ROLEPURPOSE OBJECTIVE - Underwrite Micro Mortgage in both SFB and URC branches - Sanction or recommend loans up to Rs. 10 Lakh with proper justification based on the product features and credit policy matrix - Ensure credit policies and processes of secured products of Micro /Rural banking vertical are followed effectively by branch staff - Coordinate with legal and technical vendors for their expert opinion reports - Ensure Legal opinion and technical valuation reports are interpreted properly while sanctioning these secured loans - Interpretation of Property documents (Residential/commercial property), aware of the property value as per market and government value for LTV - Conduct the risk assessment of the customer as per the defined scoring matrix for the products - Visit the customer residence place and business / activity place to assess the financial parameters SIZE OF THE ROLE FINANCIALSIZE NON-FINANCIALSIZE - 15Cr asset portfolio at a cluster level to be managed - Manage monthly disbursement of 1.25 Cr - 25Credit files processed in a month for a cluster - Underwriting and approving proposals based on credit parameters and eligibility criteria - Co-ordinate with business team for smooth flow of business and quick decisionmaking. KEYDUTIES RESPONSIBILITIES OF THE ROLE Business - Underwrite Micro Mortgage in the field through thorough assessment and personal discussion with borrower and / or co-borrower - Underwrite IL loans in SFB and URC branches to understand the geography and segment - Sanction or recommend secured loans up to Rs. 10 Lakh with proper justification as per product features, credit policy and based on approval rights - Conduct farm lands, business place, office, and residence verification of the applicants based on the product and purpose of the loan - Assess repayment capacity, character and cash flow of the applicant. - Conduct reference checks with customers /suppliers / vendors / dealers. - Ensure collection of relevant and proper documents. Ensure adherence to internal and regulatory policies / compliances like KYC etc. - Understand the nature of collateral security, ensure the collateral offered is free from all the encumbrances, having clear title and marketability, the charge creation of the bank on the property should be exclusive first charge. - Obtain Legal opinion and valuation reports on the collateral offered as security, should clearly advise type of mortgage to be created on the security in the sanction - Decision whether to approve or reject the files appraised by the sales /distribution team through thorough verification of the documents and assessment by the appraiser of the loan. - Capture proper reasons of rejections and communicate the same to branch team in case of rejections - Escalate deviations for necessary approval as per the deviation matrix. Observe for triggers in documents and escalate documents with issues to FCU team. - Decision on loan applications as per credit approval grid, deviation matrix and bureau matrix - Responsible for portfolio quality of the loans underwritten for 12 MOB. - Review/renew the accounts before expiry of the limit through coordinating with Distribution team - Ensure weekly and monthly productivity with respect to personal discussions, quality check of applications, sample visits and checks etc. - Monitoring rejections from field, guide the branch staff to control the same and ensure higher number of Straight through applications from branches. - Report/Escalate critical issues at field for necessary action as per penalty matrix and ensure compliance of Audit issues. - Conduct Loan Utilization Checks for the recent disbursement cases as per policy. - Ensure to participate and drive the successful implementation of technology based projects at backend and field - Engage in collections for recovery, follow up for Incremental overdues **Location -** Akurdi,Pune,Ahmednagar,Nagar,Aurangabad,Nadiad,Himatnagar,Anand,Vadodara,Kheda,Latur,Shirpur,Nashik,Rajpipla,Rajkot,Jamnagar,Botad,Bhavnagar,Modasa,Ahmedabad,Naroda,Morbi,Dholka,Mehsana,Lunawada,Nanded,Dhule,Jalna,Jalgaon,Bhusawal,Chowk,Dahod,Gandhinagar