Evaluate loan applications for heavy equipment and 4-wheeler vehicles based on financial risk, creditworthiness, and compliance.
Work closely with the relevant team to ensure approved loans are disbursed on time while maintaining proper documentation and compliance.
Monitor loan accounts and ensure repayments are made as per the agreed terms.
Develop and implement effective recovery strategies for overdue loans.
Monitor non-performing assets (NPAs) and take appropriate legal and financial measures to recover outstanding dues.
Coordinate with legal teams for asset recovery when necessary.
Maintain strong follow-ups with defaulters to ensure timely recoveries.
Ensure compliance with all regulatory policies and company guidelines in loan and recovery process.
Maintain up-to-date knowledge of banking regulations, recovery laws, and financial best practices.
Maintain accurate records of loan approvals, defaults, and recovery proceedings.
Generate and analyze reports on loan performance, delinquency rates, and recovery success.
Provide regular updates to senior management regarding recovery progress and financial risks.
Job Specification
Bachelor's/Master’s degree in Finance, Business Administration, Economics, or a related field.
Proven experience in loan management and recovery, preferably in the automobile and heavy equipment financing sector.
Excellent negotiation and communication skills for dealing with clients and legal authorities.
Familiarity with repossession and legal procedures for vehicle loan defaults.
Apply Instructions
Interested candidates are encouraged to submit their resume and a cover letter detailing their relevant qualifications and experience to vacancy@jagdambacredit.com or hr@jagdambacredit.com
