Head of credit - MSME | Fast growing NBFC | Jaipur

• Competitive Compensation|Opportunity to work with founders directly
  
  
  

About Our Client

Fast growing NBFC in Jaipur

Job Description

1 Develop and enforce credit risk policies and frameworks that align with the company's overall strategic goals and regulatory requirements.

Oversee the assessment of creditworthiness of individual and corporate clients, ensuring robust evaluation processes are followed for loan underwriting.

Monitor the performance of the credit portfolio, assessing the risk level and ensuring a healthy mix of assets to minimize defaults and enhance returns.

Regularly track the performance of outstanding loans and identify early warning signs of potential defaults. Propose remedial actions to mitigate risks.

2 Review and approve credit proposals, especially for high-value loans or complex cases, ensuring that they adhere to the credit policy and risk appetite.

Define and refine underwriting standards, processes, and tools to ensure consistency and reliability in credit assessments.

Conduct stress testing scenarios to assess how various economic and market changes might impact the credit portfolio.

3 Lead and manage the credit risk team, including credit analysts, risk officers, and other team members involved in the credit decision-making process.

Ensure continuous skill development, training, and mentoring for team members to keep them updated on credit analysis methodologies, risk models, and industry trends.

Set clear performance targets for the credit team, conduct performance reviews, and guide the team in meeting organizational goals.

4 Ensure all credit operations are in full compliance with relevant financial regulations (e.g., RBI guidelines, Basel norms, etc.).

Coordinate with internal and external auditors to ensure that credit processes and practices are in line with regulatory standards and internal controls.

Prepare regular credit risk reports for senior management and the board, ensuring timely updates on portfolio performance, defaults, and risk indicators.

5 Maintain relationships with key clients, particularly in cases where credit issues arise or significant credit facilities are involved.

Resolve disputes related to credit approvals, loan structures, or defaults, working with both clients and internal stakeholders.

Lead negotiations for large loans or restructuring of credit facilities with clients, ensuring a balance between client needs and the company's risk profile.

6 Oversee the development and execution of strategies to minimize defaults, working closely with the collections team. Implement processes to recover non-performing loans (NPLs) efficiently, including asset management, legal action, and restructuring.

7 Ensure the financial impact of credit risk is regularly assessed and reported to senior management.

Provide regular reports on credit risk exposure, loan book performance, NPLs, and other key risk indicators to the board and senior management.

8 Develop and implement crisis management plans in case of sudden economic shifts, market disruptions, or sudden defaults in the credit portfolio.

Ensure that the company has a robust contingency plan in place to handle credit defaults, liquidity crunches, or changes in market conditions.

The Successful Applicant

The ideal candidate will be responsible for overseeing the credit underwriting, risk management, and approval processes related to msme loans. This role requires strong analytical skills, leadership capabilities, and a deep understanding of the lending ecosystem,particularly in the msme segment.

12-18 years of experience in credit policy; credit underwriting and credit risk preferably in NBFC space.

What's On Offer

• Competitive Compensation
• Opportunity to work with founders directly
  
  
  

Contact: Shaivya Sharma

Quote job ref: JN-112024-6593473