Bajaj Finance
Bajaj Finance | Deputy Area Manager - Education Loan
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Job Highlights
Responsibilities
- Review applicant and co-applicant identity, relationship, academics, admission, institution, course, country, test scores and requested funding.
- Assess income, banking, bureau, obligations, repayment capacity and policy eligibility.
- Evaluate cost of education, scholarships, margin or own contribution, living expenses and the proposed loan amount.
- Assess secured and unsecured structures, including property, gold or other approved collateral, through applicable reports and controls.
- Own or review Legal and Technical Assessment requirements for secured cases and ensure satisfactory reports are available before progressing the credit decision.
- Engage and coordinate with approved third-party valuers and lawyers to facilitate timely valuation, technical and legal reports; review report validity, observations, conditions and exceptions for credit consideration.
- Review verification outcomes, fraud indicators, deviations and mitigants, and raise evidence-based queries.
- Prepare or validate credit assessment notes, recommendations, sanction conditions and deviation matrices.
- Monitor underwriting quality, approval, rejection and deviation trends, turnaround time, productivity and portfolio feedback.
- Coordinate with Sales, Risk, Operations, RCU, Collections, Legal, Technical, collateral teams and external service providers while preserving independent credit judgement.
- Provide market and portfolio feedback for policy refinement, process improvement and new product launches.
- Own the assigned credit work queue and resolve day-to-day case queries.
- Maintain accurate system records and escalate material exceptions beyond delegated authority.
- Assess Education Loan applications independently and consistently, balancing customer eligibility, repayment capacity, academic and employability factors, collateral support, legal and technical acceptability, and portfolio quality.
Requirements
- Graduate or postgraduate in Finance, Commerce, Economics, Management or a related discipline. 1-3 years of relevant experience in credit appraisal, underwriting, secured/unsecured lending or financial services.
About the company
Bajaj Finance Limited
Bajaj Finance Limited is one of India's largest non-banking financial companies. Incorporated in 1987 as Bajaj Auto Finance Limited and renamed in 2010, it is headquartered in Pune and is a subsidiary of Bajaj Finserv Limited. It is regulated by the Reserve Bank of India as a deposit-taking NBFC in the upper layer of RBI's scale-based framework, and its shares are listed on the NSE and BSE.
Its businesses span consumer lending and payments, SME and commercial lending, rural lending, fixed deposits and digital lending, with home loans offered through its subsidiary Bajaj Housing Finance. Beyond its large sales and service teams, Bajaj Finance hires CA, CMA, CFA and MBA (Finance) profiles into finance and accounts, taxation, treasury, internal audit, credit underwriting, risk and compliance roles.
