Manager - Retail Credit - Housing Tata Capital

About Tata Capital

Tata Capital Limited ("TCL"), the flagship financial services company of the Tata Group, is a subsidiary of Tata Sons Private Limited and is registered with the Reserve Bank of India as a Systemically Important Non-Deposit Accepting Core Investment Company ("CIC").

Tata Capital and its subsidiaries are engaged in providing/supplying a wide array of services/products in the financial services sector and operates across various areas of business: Commercial Finance, Consumer Loans, Wealth Services and distribution and marketing of Tata Cards.

Job Description

As an Underwriter for mortgage business in the assigned branch/location, your primary responsibility will involve reviewing and assessing a diverse range of complex loan applications within specified guidelines. You will need to make decisions on these applications or recommend them for approval to higher authorities. Your role will also include underwriting proposals in accordance with established policies and procedures to meet agreed Service Level Agreements (SLAs) and manage the business volumes in the city/area. You will be required to conduct personal discussions with customers to evaluate their creditworthiness, ensure completion of credit/KYC documents, and carry out verification through telephonic conversations, field visits, and collateral inspections. It is essential to analyze income to obligation ratios, loan to value ratios, and possess a deep understanding of the calculations behind these ratios and their impact on loan performance over extended periods. Maintaining Portfolio Management Information System (MIS), Delinquency MIS, and other operation-related MIS for the cluster will be part of your routine tasks. You will also be responsible for creating and nurturing effective relationships with third parties to achieve the best outcomes for clients, addressing client queries, and leveraging your industry knowledge and experience to resolve challenges efficiently. Ensuring adherence to service quality standards, striving for continuous process enhancement, critically reviewing credit proposals to identify various risks, and recommending appropriate risk mitigation strategies will be crucial aspects of your role. You will collaborate closely with the sales team to facilitate quick turnaround times for credit lending proposals related to mortgage business, including loan against property and home loan business. Your responsibilities will further extend to ongoing monitoring of credit exposures, managing the credit underwriting function of your branch, coordinating with local credit analysts and the sales team for streamlined operations, and ensuring timely recovery of delinquent cases within specified timelines. The ideal candidate for this position should hold a Graduate or Masters/Post Graduate degree, with additional certifications such as CA/MBA being preferable. This role demands a meticulous approach towards underwriting, risk assessment, and client relationship management to drive the success of the mortgage business in the assigned branch/location.,