01Overview
JOB PURPOSE:
- Primary accountability for the definition and adherence to credit policies for TW / PL / Gold loan products.
- Focus on creating an industry-leading credit policy and digital onboarding/underwriting process to provide quick approval TAT for various loans with an eye on market and competition.
PRINCIPAL ACCOUNTABILITIES:
Credit decision making:
- Review credit strategies, products, policies and procedures on a regular basis, and recommend amendments.
- Ensure clear communication and adherence of credit decisions to the sales network.
- Liaise with Compliance and Legal departments to ensure all relevant regulatory and governance requirements are met.
- Support in implementation of learning and development programs for Credit Managers to institute culture of credit writing excellence, and for Sales team to ensure stringent sourcing.
- Implement departmental policies, systems, and procedure so that all relevant procedural/ regulatory requirements are fulfilled while delivering a quality and cost-effective service.
- Analyze various portfolio trends and bureau data for future trends for effective decision making.
- Effective interaction with business partners across functions including risk, technology, product management amongst others.
Digital Credit Underwriting:
- Ideate and help launch next-generation lending products and underwriting methods that will drive the next round of innovation and disruption within the rural lending space.
- Institute high degree of automation in credit decision process required in a digital lending platform, to achieve STP.
Credit Monitoring & Communication and reporting:
- Ownership of portfolio quality and performance by continuously monitoring portfolio health.
- Work closely with CE for effective external communication and responding to any enquiries from RBI or any other regulatory / statutory body.
- Setup a strong portfolio governance mechanism and periodically review the same. .
