Loan Officer Responsibilities include:
· Evaluating credit worthiness by processing loan applications and documentation within specified limits
· Interviewing applicants to determine financial eligibility and feasibility of granting loans
· Determining all applicable ratios and metrics and set up debt payment plans
Job brief
We are looking for a Loan Officer to evaluate, authorize approval or deny loan applications for people or for business. You will act as liaison between customers and our financial institution and you will help qualified applicants acquire loans in a timely manner.
Responsibilities:
· Review and analyze loan applications from executive clients
· Determine the financial status and creditworthiness of loan applicants
· Authorize and recommend loan approvals for executive loans in line with the organization's risk tolerance
· Ensure compliance with sanctions regulations and company policies for all loans and transactions
· Keep up to date with changes in sanctions regulations and advise management on their impact on loan decisions
· Develop and maintain relationships with executive clients and monitor their loan repayments
· Participate in marketing and promotional activities to attract new executive clients
· Manage loan disbursements and ensure proper documentation and record keeping
· Prepare reports on loan portfolios and performance for management
· Assess customer needs, explore all options and introduce different types of loans
· Go the “extra mile” to build trust relationships, customer loyalty and satisfaction throughout the underwriting process
Requirements:
· Solid understanding of direct/indirect lending products and practices
· Bachelor's degree or related field
· Proven experience as a loan officer or similar role, preferably with a focus on executive loans and sanctions compliance
· In-depth knowledge of financial analysis, credit scoring and lending practices
· Familiarity with sanctions regulations and compliance requirements
· Strong analytical, organizational and interpersonal skills
· Excellent communication and customer service skills
· Ability to work effectively in a team-oriented environment
· Attention to detail and high ethical standards
· Customer satisfaction orientation and sales competencies
· Solid understanding of direct/indirect lending products and practices
Job Types: Full-time, Part-time, Regular / Permanent, Fresher
Salary: ₹10,000.00 - ₹25,000.00 per month
Benefits:
- Cell phone reimbursement
- Internet reimbursement
- Leave encashment
Schedule:
- Day shift
- Flexible shift
- Morning shift
- Rotational shift
Supplemental pay types:
- Performance bonus
- Quarterly bonus
- Shift allowance
- Yearly bonus
Ability to commute/relocate:
- New Delhi, Delhi: Reliably commute or planning to relocate before starting work (Required)
Application Question(s):
- Are you know about short term loans!
- Whats is your current and expected CTC
Education:
- Higher Secondary(12th Pass) (Preferred)
Experience:
- total work: 1 year (Preferred)
Language:
- Hindi, English, Tamil, kannada (Preferred)
Shift availability:
- Day Shift (Preferred)
- Night Shift (Preferred)
Willingness to travel:
- 25% (Preferred)
Speak with the employer
+91 7042482583
