Job Overview
Job Role: A Retail Loans Credit Underwriter evaluates, analyzes, and approves or declines consumer loan applications—such as Home Loans, LAP, Business Loans, Auto Loans, Personal Loans, and credit cards—while managing financial risk within institutional policy guidelines. Supports the RM in preparing the credit note and submitting a clean proposal for credit processing. The primary objective is to assess applicant creditworthiness and determine loan terms to minimize default risk while maintaining target processing turnaround times.
Key Responsibilities
1. Financial Analysis: Review credit reports, income proofs (salary slips, tax returns), bank statements, and employment stability.
2. Risk Assessment: Calculate Debt-to-Income (DTI) ratios, evaluate credit scores, and identify potential red flags or fraud.
3, Decision Making: Approve, counter-offer, or decline retail loan requests within designated personal sanctioning authority limits.
4. Policy Compliance: Ensure all evaluated files adhere strictly to internal risk policies and external regulatory guidelines.
5. Stakeholder Coordination: Coordinate with sales teams, direct channel partners, and operations units to resolve missing documentation queries
Ideal candidates: Looking for skilled Retail Asset Credit Underwriters / Credit Analysts.