CA EXP required at Volvo as Credit Manager- Branch

Auto req ID	42658BR
Position	Credit Manager- Branch
Country	India
State/Province	Maharashtra
City/Town	Ahmedabad
Functional Area	Other
Entity	Volvo Financial Services
Employment/Assignment Type	Regular
About us	The Volvo Group is one of the world’s leading manufacturers of trucks, buses, construction equipment and marine and industrial engines under the leading brands Volvo, Renault Trucks, Mack, UD Trucks, Eicher, SDLG, Terex Trucks, Prevost, Nova Bus, UD Bus, Sunwin Bus and Volvo Penta. With Volvo Financial Services you will be part of a global and diverse team of highly skilled professionals working with energy, passion and respect for the individual to provide expert financial services and solutions to customers and dealers in support of the Volvo Group’s sales.
Position Description	Job Description: Location: Ahmedabad PURPOSE OF THE JOB Perform credit appraisal of customers and dealers who apply for financing to VFS, in adherence with laid down credit policies and with the overall business objective of building the asset book in a safe manner. Set up approved customers on the Credit Management System and maintain all records relating to credit appraisal and the credit decision. Evaluate, provide analysis, conclusion and recommendations to determine credit facilities to customers and dealers, and communicate relevant information proactively to customers and other team members in VFS, especially in the front end. Maintain data accurately, develop and disseminate MIS to senior managers and management. KEY RESPONSIBILITIES Credit • Credit application processing, including financial analysis of customers, viability analysis of the transaction, checking applicants’ references and credit rating with the credit bureau (CIBIL,etc.) and recommend the appropriate decision to his / her senior Credit Manager, or to approve the credit application in complete adherence to the laid down policies of credit and approval authorities in VFS. • Maintain a proper, auditable document trail in the VFS IT System (Credit Module) for all credit decisions, starting from the application stage to approval or rejection stage, with a proper rationale and approval record for all decisions, including for exceptions, if any. • Maintain up-to-date and complete credit files in the VFS IT System. • Adhere to a credit risk culture of an exceptional quality, in terms of established credit guidelines • Put the customer first even when declining ineligible credits – understand the need of BAs, dealers, end-customers and be empathetic towards them in interaction with them and communicating with them, keeping in mind the captive nature of VFS’ financing business at all times while driving an optimal balance between growth and probability of credit losses. • Provide inputs for developing sound, acceptable credit policies, processes and procedures • Proactively endeavour to obtain additional credit information to support credit decisions at one go and avoid repeated to and fro with customers • Proactively communicate and provide MIS to Senior Credit Manager / Head – VFS Credit & Risk. • Monitor and report all violations of credit policies to Senior Credit Manager / Head – VFS Credit & Risk • Implement and fully utilize the VFS management processes and tools Support Collection • Have a direct and shared responsibility with the sales team for collecting all accounts which turn delinquent (>30 DPD) within 180 days of disbursement. • Manage assigned portfolio segments to decrease delinquencies and maximize recovered amounts / assets • Travel to and from any part of India, as required to achieve the business objective, whether in credit or to support collection EDUCATION & PROFESSIONAL EXPERIENCE • Chartered Accountant / M.B.A. (Finance) / ICWA / CFA / equivalent post graduate degree from a reputed Business School / University / Institute • 5-7 years’ of credit underwriting experience in an NBFC or retail bank is a must, of which minimum 3-4 years must be in the credit underwriting of Commercial Vehicles & Construction Equipment loans in India. • Although not a must, preference will be given to candidates with (a) a good understanding of leasing and (b) captive finance company experience • Sound knowledge of local market, industry trends in CV and CE industries and customer base. • Be a self-starter with a demonstrated track record. • Willingness to work and adapt to a fast growing & changing environment. • Ability to work independently, learn quickly and be proactive. • Ability to perform and work well under pressure; good analytical & troubleshooting skills. • Must possess strong English communication skills – verbal and written. Knowledge of Hindi and at least one local language is required. • Proficiency in MS Office – Word, Excel and Powerpoint is an essential pre-requisite for this job. COMPETENCIES & SKILLS • Be presentable and be an ambassador of VFS and Volvo at all times • Solid domain knowledge of credit underwriting • Strong analytical and interpretive skills • Strong interpersonal skills, customer focus and strong ability to communicate • Ability to work in a process driven organisation
Travel Required (maximum)	Occasional
Last application date	10-Nov-2014

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