Area Credit Manager - Affordable Home loans - Mumbai

Job Description:

 

 

Job Title: Credit Manager – Home Loans

 

Department: Credit Risk / Retail Lending

Location: [City/Region]

Reports to: Head – Credit / Regional Credit Head

 

 

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Job Purpose:

 

To assess, analyze, and approve home loan proposals as per the credit policy of the organization, ensuring minimal delinquency and compliance with regulatory guidelines.

 

 

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Key Responsibilities:

 

1. Credit Assessment:

 

Evaluate home loan proposals based on income documents, banking, credit bureau reports, property documents, and other risk parameters.

 

Conduct personal discussions (PD) where required and provide recommendations.

 

 

 

2. Underwriting & Approval:

 

Approve files within assigned credit authority limits.

 

Recommend and escalate cases exceeding authority levels with proper justification.

 

 

 

3. Policy Implementation:

 

Ensure adherence to internal credit policy, regulatory norms (RBI, NHB), and KYC guidelines.

 

Provide feedback to policy team for potential changes based on market trends.

 

 

 

4. Risk Management:

 

Identify fraud indicators and conduct risk-based verifications.

 

Work with legal and technical teams for thorough due diligence on property and title checks.

 

 

 

5. Portfolio Monitoring:

 

Monitor the portfolio for early delinquencies and high-risk indicators.

 

Collaborate with collections and sales teams to reduce NPAs.

 

 

 

6. Stakeholder Management:

 

Liaise with sales, operations, legal, and technical teams for smooth processing.

 

Conduct training for sales and field staff on documentation and risk norms.

 

 

 

7. System and Documentation:

 

Maintain updated MIS and dashboards.

 

Ensure proper documentation and data entry in LOS/LMS systems.

 

 

 

 

 

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Qualifications & Experience:

 

Graduate/Postgraduate in Finance, Commerce, or related fields (CA/MBA preferred)

 

3–7 years of experience in home loan credit underwriting

 

Familiarity with credit bureaus, income assessment (salaried/self-employed), property documentation

 

 

 

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Key Skills:

 

Strong analytical and decision-making skills

 

Sound understanding of housing finance regulations

 

Good communication and interpersonal skills

 

Attention to detail and risk orientation

 

Knowledge of LOS/LMS platforms and MS Excel

 

 

 

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Let me know if you want

this tailored for a specific company (e.g., HDFC, Bajaj Finance, SBI) or level (junior/senior credit manager).