Credit Officer Bank of India

Position: Credit Officer
Reporting to: Branch Manager

Job Responsibilities
• Prepare loan proposals and submit them to competent authority for recommendation / approval and disburse- ments on sanctioned terms and conditions
• Analyse applicants’ financial status, credit and property evaluations to determine feasibility of granting loans.
• Explain to customers the different types of loans and credit options that are available, as well as the terms/ conditions of those services.
• Account opening, limits etc in system.
• Obtain and compile copies of loan applicants’ credit histories, corporate financial statements, and other financial information.
• Liaise with Banks lawyers, valuers for fastest delivery of given work.
• Review and update credit and loan files.
• Conduct site visits on prospective /existing borrowers.
• Review and update credit and loan files.
• Monitoring loans.
• Conduct pre-sanction and post-sanction inspections and preparing its report.
• Portfolio management, monitoring of loans.
• Monitoring, guiding staff working under you.
• Monitoring & follow up of accounts for recoveries.
• Opening [Cs, Guarantees and Loan Accounts as per proposal/offer letter terms,
• Ensure relevant reports are timely prepared, accurate & submitted to pertinent Authorities.
Follow up on post disbursement conditions for their
• closure.
• Collect all pertinent revenues say CRB fees, Guarantee /LC fees etc.
• Updation of insurance schedule of security in the sys- tem/Finacle

Qualification
The ideal candidate will have the following:
• Degree in a Business related field from a recognized In- stitution.
• One (1) year working experience as a credit officer in a reputable organization is a MUST.
• Ability to lead team
• A proven and extensive track record in credit from a fi- nancial institute.
• Highly organized person, with ability to multitask with ease.