AddressJob Summary
Varthana is looking for a Cluster Credit Manager who will be supervising a team of credit officers, coordinating, coaching, and motivating them to achieve their targets. The incumbent will assist their team members to verify whether all the loan applications are assessed as per the credit policy and whether deviations if any, are appropriately mitigated and documented. The candidate will be interacting with the customers, assessing them based on personal discussions & interviews, and ensuring that all files are turned around within an acceptable timeline, and building a solid relationship with them.
Key Role Deliverables
Team Leadership & Team Development : Building a high-performing motivated team by working closely with the team members, coaching & mentoring, and leading them as an example
Recruitment: Hiring, and training the credit team on all parameters of credit analysis, monitoring, and taking necessary action to improve the efficiency of the team
Stakeholder Management:
- Monitoring legal/technical vendors for the quality of work, turnaround time, etc, and ensuring that Varthana gets the best out of them.
- Visiting spoke locations for business development.
Portfolio Management:
- Developing and Managing the School Loans portfolio for the branch. This includes onboarding, monitoring, management, and recovery of school institution loans for the branch.
- Ensuring that the portfolio losses are within the portfolio threshold through following appropriate early warning practices by the team and taking appropriate account-level action when necessary.
- Ensuring that the team and the portfolio are audit compliant and ready at all times.
Code of Conduct:
- Developing and implementing appropriate due diligence processes to ensure that the policy parameters are adhered to by the credit team while onboarding new clients.
- Understanding the local best practices in underwriting, monitoring, and tailoring makes processes when necessary.
Preferred Prole
Minimum Education Qualification: Graduation / Post Graduation from a reputed institution
10+ years of experience in Retail banking / SME credit management
Team player and motivating the team members to achieve the goals
Inuential Communication in English and Local Language
Analytical skills and ability to process data on computer spreadsheets
Comfortable in assessing clients without access to audited financials
Deep understanding of risk and its various dimensions like operational risk, credit risk, market risk, etc
Willingness and ability to travel within the city
Employee Benefits
Along with Best-in-Industry compensation, we offer benefits that go beyond the CTC.
- Learning & Development : State-of-class Learning Facilities, International Certifications, In-house Workshops & Learning Sessions, Self Learning Programs, 1:1 Coaching Discussions
- Professional Growth & Development : Talent Development Programs including Career Mapping, Internal Job Postings, Managerial & Leadership Development Workshops, and Further Education Program
- Motherhood Benefits : Extended Maternity leaves, Flexible work arrangements, and Child Care Benefits
- Health and Wellness : Life and Health Insurance, Parental Insurance, Wellness Sessions, Health Risk Assessment, Annual Health Check-ups, Gym Memberships, Tele Consultation, and Psychological Counselling
- Financial Benefits : Financial Assistance Program, Travel & Expenses Reimbursements, Pension Scheme, and Tax Saving Options
- Fun at Work : Office Parties, Team Outings, and Utsav Celebrations
We have a 5-day work week, a transparent, flexible, and open-door work environment that fosters innovation & learning.
We are also Great Place to Work certified for four consecutive years! Indias 100 Best Companies to Work and Indias top BFSI companies for three consecutive years and we are also among Indias top Best Workplaces for Women.
Company Background
Varthana is the largest education finance company in India headquartered in Bengaluru.
Started in 2013, the organization now has its presence in 15 states, 40 branches, and 150 spokes across India, with the goal of transforming affordable education in India. It caters to the needs of affordable private school owners by providing financial assistance and academic support through its School loan business and is strongly committed to serving the domestic students attending college, technical training and short-term courses, or postgraduate studies by providing them with necessary loans to pursue their dream course through the Student loan business. Varthana loans are custom-built to suit the wide range of projects that help leaders and educators unlock their schools potential, as well as for college going students to achieve their educational goals.
Varthana has successfully served over 9500 affordable private schools in 15 states which educate more than three million students and employ more than 100,000 teachers. Varthana has also partnered with over 500 educational institutions and financed over 5000 economically disadvantaged students spread across 16 cities in India through its Student loan business. A pioneer in the affordable education sector, Varthana is constantly in search of new opportunities to expand its horizon. It is more than a financial institution. Varthana is known for its beyond loan services, including academic and management solutions customized for affordable private schools. By offering this support, the organization is helping and equipping independent leaders in their schools growth and development.
Varthanas vision is to understand and address the challenges that school leaders face on a daily basis and to help them realize their full potential. Another goal is to support students to excel in their studies and achieve their dream careers. Varthana aims to make education accessible to over 10 million students by 2025 and offers a great opportunity to grow, learn and take on significant responsibilities in dynamic and fun work culture, and also offers a unique opportunity to do some very satisfying work that will significantly contribute to Indias future.
Our Services
School Loans: We aim to meet the needs of affordable private school owners by providing loan capital so they can expand their infrastructure, invest in teacher training, and introduce new learning methods into their classrooms.
Student Loans: We provide timely loans and support to domestic students attending college, technical training and short-term courses, or postgraduate studies.
Academic Solutions: We also support schools with academic and management solutions that help school leaders deliver an excellent education to their students and be recognized as the top school in their community.
Varthana is looking for .
Education : Any Graduate / Post Graduate
