Credit Risk Manager (Micro Lending)
Experience: 6 Years & above
Qualification : Graduate / Post Graduate in the relevant domain
Location: Pune
About the Company
Lokmanya Multipurpose Co-operative Society is a leading cooperative
society dedicated to serving the local community in 4 states (Karnataka, Maharashtra, Goa and
Delhi). Our society provides a wide range of financial services, including banking, loans,
investments, insurance, and more. We are committed to delivering superior customer service and
maintaining the highest standards of professionalism.
Job Description
The Credit Manager is responsible for the overall management of the credit department, including loan processing, approval, disbursement, and collection. This role involves evaluating creditworthiness, monitoring loan portfolios, and ensuring compliance with internal policies and regulatory requirements. The Credit Manager will also play a key role in developing and implementing credit policies and procedures to ensure the sustainability and growth of the microfinance institution.
Key Responsibilities:
1. Credit Assessment and Approval:
Evaluate loan applications and assess the creditworthiness of potential borrowers.
Analyze financial statements, credit reports, and other relevant information to determine
risk.
Approve or decline loan applications based on credit policies and risk assessments.
2. Loan Disbursement and Management:
Oversee the disbursement of approved loans and ensure timely processing. O
Monitor and manage the loan portfolio to ensure repayment schedules are adhered to.
Conduct regular reviews of loan accounts and take corrective actions when necessary.
3. Credit Policies and Procedures:
Develop and implement credit policies and procedures to ensure efficient and effective
loan processing.
Ensure compliance with internal policies, industry standards, and regulatory
requirements.
Continuously review and update credit policies to adapt to changing market conditions.
4. Risk Management:
Identify and assess potential risks in the loan portfolio.
Develop strategies to mitigate credit risks and improve loan performance.
Maintain a balanced loan portfolio with minimal default rates.
5. Team Management:
Supervise and train credit officers and other relevant staff.
Provide guidance and support to ensure the team meets performance targets.
Conduct regular performance evaluations and provide feedback.
6. Customer Relations:
Build and maintain strong relationships with borrowers and potential clients.
Address customer inquiries and resolve issues related to loan applications and
repayments.
Promote the institution’s credit products and services to attract new clients.
7. Reporting and Documentation:
Prepare and present regular reports on loan performance, credit risk, and portfolio
quality to senior management.
Ensure accurate and timely documentation of all credit transactions.
Maintain comprehensive records of all loan activities and client interactions.
Qualifications:
- Bachelor’s degree in finance, Business Administration, Economics, or a related field.
- Master’s degree preferred.
- Proven experience in credit management, preferably in the microfinance or banking sector.
- Strong understanding of credit risk assessment and management.
- Excellent analytical, decision-making, and problem-solving skills.
- Proficient in financial analysis and credit evaluation techniques.
- Strong leadership and team management abilities.
- Excellent communication and interpersonal skills.
- Proficiency in relevant software applications (e.g., MS Office, loan management systems).
To apply, please send your resume and a cover letter detailing your relevant experience to resume@lokmanyasociety.org.
Our Core Values
At Lokmanya, we believe that a career should be more than just a job; it should be a passion-driven adventure that brings out the best in you. We are not just a company; we are a community of like-minded individuals united by a common purpose: to make a meaningful impact on the world.
At Lokmanya, our core values are the heartbeat of our culture and the driving force behind everything we do. They define who we are as a company and guide our decisions, actions, and interactions with our customers, employees, and partners.
DISCLAIMER
BE AWARE : PHISHING SCAMS FOR EMPLOYMENT OPPORTUNITIES
Every job seeker should be aware of online recruitment fraud. Fictitious job postings, fraudulent job offers, and individuals purporting to be recruiters can defraud job seekers, commit financial crimes or steal identities.
Lokmanya Society takes this matter seriously and is actively working to reduce the likelihood of our brand being misrepresented as part of fraudulent activity. Job seekers interested in Lokmanya Society roles should know the following:
- At no point will Lokmanya Society or anyone recruiting for Lokmanya Society ever asks for money, credit card, or bank account information to complete a job application or be considered for a job.
- Lokmanya Society employees (including our recruitment teams) use email addresses that end in @lokmanyasociety.org
- At no point will Lokmanya Society or anyone recruiting for Lokmanya Society ever asks for money, credit card, or bank account information to complete a job application or be considered for a job.
- Communications you send directly to Lokmanya Society or anyone recruiting for Lokmanya Society should only go to email addresses ending in@lokmanyasociety.org
These fraudulent job postings or “recruiters” may ask job seekers for money, banking details, or other personally identifiable information.Recruiting scams have become more sophisticated and can appear as legitimate recruitment activities of reputable companies and often use third-party websites or direct email approaches. Caution should always be shown when sharing personal information and we hope that by highlighting these developments, unsuspecting job seekers will not be duped by these scams.
Generally, job seekers should watch out for: Incorrect domain names or email addresses: Check for misspellings of hiring companies or emails from domains that do not match the hiring company.Use of messaging services: Legitimate companies won’t conduct job interviews through messaging services like Google Hangouts, Yahoo Messenger, or Facebook Messenger. Unclear or broad job descriptions: Scammers use broad, vague job descriptions to capture a wide net of potential targets. Legitimate job ads will have a clear description of what your duties would be and will list the requirements for the job.The “dream” job offer: Extremely high compensation for a position that requires no skills or experience or job offers without any interview process… If it’s “too good to be true” it is likely fraudulent.
Requests for financial information: Be wary of any ask for money, credit card, or bank account information to complete a job application or create eligibility for a job. Requirements to purchase training or equipment: If a company wants you to pay for training materials or equipment before it will consider you for a job, it is likely fraudulent.