About this role
Job Summary:**
We are seeking an experienced Credit Manager to oversee secured credit operations in Siddipet. This role involves managing a portfolio of secured loans, ensuring credit quality, and adhering to company policies and regulatory guidelines.
Job Responsibilities:**
* Manage and evaluate credit applications for secured loans, conducting thorough financial analysis, risk assessment, and collateral valuation. * Approve, decline, or recommend credit proposals based on established credit policies and risk parameters. * Monitor existing secured loan portfolios to identify potential risks, delinquencies, and ensure timely repayments. * Develop and implement strategies for effective recovery of non-performing assets within the secured credit portfolio. * Ensure compliance with all internal credit policies, procedures, and relevant regulatory requirements. * Liaise with sales teams, legal teams, and recovery agents to facilitate smooth credit operations and collections. * Prepare and present credit reports and portfolio performance analysis to senior management. * Train and mentor junior credit officers and support staff as needed. * Stay updated on market trends, economic conditions, and changes in lending regulations affecting secured credit.
Job Qualifications:**
* Bachelor's degree in Finance, Accounting, Business Administration, or a related field. MBA or relevant professional certification is a plus. * Minimum of 5-7 years of experience in credit management, with a strong focus on secured lending, preferably within a financial institution. * Proven track record of managing a significant secured credit portfolio with excellent credit quality. * In-depth knowledge of credit appraisal, risk assessment, and collateral valuation techniques for various secured assets (e.g., property, vehicles, gold). * Strong understanding of banking regulations and compliance requirements related to secured lending. * Excellent analytical, decision-making, and problem-solving skills. * Proficiency in financial modeling and credit analysis software. * Strong communication, negotiation, and interpersonal skills. * Ability to work independently and as part of a team in a fast-paced environment. * Local knowledge of the Siddipet market and customer base is highly desirable.