IDFC FIRST Bank | Credit Manager-Loan Against Property

Primary responsibilities

• The Credit Manager – Loan Against Property (LAP) is responsible for evaluating, reviewing, and approving credit proposals related to LAP products within the Retail Underwriting function.
• The role involves maintaining agreed service level deliverables, ensuring adherence to credit policies, and managing portfolio quality through regular monitoring and strategic account management.
• The incumbent will work closely with business teams to align credit decisions with the bank’s risk appetite and foster effective interpersonal relationships across teams.
• Conduct personal discussions with customers to assess creditworthiness.
• Ensure completion and verification of credit and KYC documentation through telephonic checks, field visits, and collateral inspections.
• Coordinate with the sales team to meet business targets and maintain SLA compliance.
• Ensure strict adherence to credit policies and regulatory standards.
• Monitor portfolio performance and identify early warning signals.
• Track deferrals and renewals and develop appropriate account strategies in collaboration with the business team.
• Maintain strong peer relationships and contribute to a collaborative work environment.
• Underwrite secured and unsecured loan proposals in accordance with defined policies and procedures, ensuring service level agreements (SLAs) are met.
• Supervise a team of credit underwriters and provide necessary guidance and support.

Requirements

• Minimum of 2 years of experience in credit underwriting, preferably in LAP or retail lending.
• Strong analytical and decision-making skills.
• In-depth understanding of credit assessment and risk evaluation.
• Ability to manage and mentor a team.
• Excellent communication and interpersonal skills.
• Attention to detail and commitment to compliance.

IDFC FIRST Bank Limited

IDFC FIRST Bank took its present form on 18 December 2018, when IDFC Bank and Capital First merged. IDFC Bank had been launched in November 2015 through a demerger from IDFC Limited, the infrastructure finance company set up in 1997, while Capital First brought a retail lending business built around consumers and small entrepreneurs. IDFC Limited, the former holding company, was itself merged into the bank with effect from 1 October 2024, leaving a simpler structure with no holding company and no promoter. Listed on the NSE and BSE, the bank has its corporate office at Bandra-Kurla Complex in Mumbai and its registered office in Chennai, and lends mainly to retail, rural and small-business customers.

Finance-side roles at the bank include credit managers for loans against property, rural branch lending and wholesale banking, trade finance operations staff, reconciliation and operational-risk work in wholesale banking, internal auditors (including gold-loan audit), due-diligence quality control and business finance analysis. Openings are spread over cities such as Mumbai, Navi Mumbai, Thane, New Delhi, Bengaluru, Hyderabad, Ahmedabad, Jaipur and Lucknow. Many postings accept a graduate or postgraduate in any discipline, often a B.Com, BMS or BBI, while several credit and finance roles ask for a CA or an MBA in Finance, or list CA, CFA or ICWA as preferred.

• Industry: Banking: retail, rural and MSME lending, deposits, wealth management, and wholesale and trade banking
• Headquarters: Mumbai, India (corporate office at Bandra-Kurla Complex); registered office in Chennai
• In India: IDFC FIRST Bank Limited, listed on the NSE and BSE, with its corporate office in Mumbai, its registered office in Chennai and branches across India