Job Description

Job RequirementsRole/ Job Title: Credit Manager Used CarFunction/ Department: CreditJob Purpose:The role bearer has the responsibility to coordinate with sales team to achieve target of the area assigned. The role bearer will be in direct contact with the consumers in order to establish their credit, worthiness, ensuring completion of verifications and adhering to the guidelines set as per the company credit policy. The execution of these tasks must be accomplished in such manner which is both sales supportive and risk averse contributing to the larger organizational objectives of the bank.Roles & Responsibilities:

• Evaluating the financial performance of dealers through analysis of dealers performance vis a vis industry performance and financial statement analysis using financial ratios.
• Preparation of Credit Proposal Note and Credit Recommendation of Inventory Funding Limit (IF) for New Dealers as well as existing dealers.
• Preparation of proposal of retail surrogate plan and review of retail business.
• Managing and following up for credit & business commitments to ensure that they are consistent with the banks business needs and objectives.
• Determining the key credit risks and mitigating factors while evaluating the proposal.
• Monitoring of credit limit by way of Overdue Tracking, Stock Audit monitoring and other related MIS.
• Preparation and Maintenance of Master Database and various MIS.
• Regular follow up on overdue cases and highlighting concern dealer accounts having low retails, irregularity in repayments etc.
• Interaction with dealers, Inventory & Retail Sales Managers and Market Intelligence.
• Stock Audit monitoring and initiating the corrective action in case of stock gaps and fund diversion

Education Qualification:Graduation: Bachelors in Technology / Maths / Commerce / Arts / Science / Biology / Business / Computers / Engineering / Management.Post-graduation: MBA, PGDMExperience: 1-2 years of relevant experience.

IDFC FIRST Bank