Credit Officer

Job Overview:

The Credit Officer is responsible for evaluating online loan applications, assessing risk, ensuring compliance with regulatory guidelines, and managing collections to minimize bad debts. The role requires strong communication & analytical skills, decision-making abilities, and a customer-focused approach to ensure timely recoveries.

Key Responsibilities: Loan Processing & Credit Assessment:

• Evaluate online loan applications, verify income/employment, and assess creditworthiness using financial statements and CIBIL reports.

• Ensure compliance with company credit policies, RBI/NBFC guidelines, and regulatory norms.

• Approve or reject loan applications based on risk assessment.

Documentation pre–Loan Disbursement:

• Verify KYC, salary slips, bank statements, and other loan agreements before disbursement.

• Assess borrowers' nature and intentions for loan repayment based on online chats/telephonic conversations.

• Educate borrowers on loan terms, repayment schedules, and penalties.

• Coordinate with finance teams for timely loan disbursements.

• Identify fraud, risks and report suspicious applications.

Collections & Recovery:

• Monitor active loans and track overdue accounts.

• Contact borrowers via calls, emails, and messages to ensure timely payments.

• Negotiate repayment plans and settlements to optimize recovery.

• Escalate non-recoverable loans to recovery teams if necessary.

Customer Relationship Management:

• Maintain strong customer relationships to improve repayment rates.

• Address borrower queries and educate them on responsible borrowing.

Qualifications & Skills:

• Education: Bachelor’s degree in Finance, Commerce, Accounting, or a related field.

• Experience: Preference for experience in credit assessment & collections (NBFC/ loans).

• Technical Skills: Working knowledge in MS Excel, Credit bureau (CIBIL) reports and Bank transactions analysis.

• Soft Skills: Good analytical, negotiation, and communication skills.

• Key Competencies: Quick decision-making, problem-solving, and adaptability in dynamic financial environments.

• Who can apply: Experienced or fresher Male / Female (preferred) candidates can apply for this vacancy.

• It is a Full Time Sales / Business Development job for candidates with Freshers.

More about this Credit Officer job

1. What is the eligibility criteria to apply for this Credit Officer job?
   Ans: The candidate should be 12th Pass and above and above with Freshers of experience
2. How much salary can I expect for this job role?
   Ans: You can expect a salary of ₹18000 - ₹25000 per month that depends on your interview. It's a Full Time job in Delhi.
3. How many working days are there for this Credit Officer job?
   Ans: This Credit Officer job will have 6 working days.
4. Are there any charges applicable while applying or joining this Credit Officer job?
   Ans: No, there is no fee applicable for applying this Credit Officer job and during the employment with the company, i.e., MAHASHAKTI FINANCIERS LIMITED.
5. Is it a work from home job?
   Ans: No, it’s not a work from home job and can't be done online.
6. How many openings are there for this Credit Officer role?
   Ans: There is an immediate opening of 20 Credit Officer at MAHASHAKTI FINANCIERS LIMITED
7. Who can apply for this job?
   Ans: Both Male and Female candidates can apply for this Sales / Business Development job.
8. What are the timings of this Credit Officer job?
   Ans: This Credit Officer job has 10:00 AM - 06:00 PM timing.