Home / Career / Head – Microlending

Head – Microlending

Experience : 10-12 years (Preferably Male)
Qualifications : Graduate/ post-graduate degree in relevant field
Seniority level: Senior level
Employment type: Full-time
Preferred Industry experience: NBFC/Banks/MFIs handling secured or unsecured loan underwriting.
Desired experience: Relevant credit assessment experience of 10-12 years with approval authority of
25 to 50 lacs and conducting client site inspection. Willing to travel.

About the Company

Lokmanya Multipurpose Co-operative Society is a leading cooperative society
dedicated to serving the local community in 4 states (Karnataka, Maharashtra, Goa and Delhi). Our society
provides a wide range of financial services, including banking, loans, investments, insurance, and more. We
are committed to delivering superior customer service and maintaining the highest standards of
professionalism.

Job Responsibilities

  • Visit to potential customer & evaluate customers’ creditworthiness
  • Visit to branches in different region to understand field operations
  • Surprise visit to customers & branches
  • Maintain detailed records of company loans
  • Approve or reject loan requests from customers
  • Calculate and set loan interest rates
  • Negotiate loan terms with new customers
  • Monitor customers’ loan payments
  • Review and update the company’s credit policy when necessary
  • Create a credit scoring model to assess risks
  • To preparing loan applications, evaluating clients' financial information and calculate risk
    ratios.
  • To ensure that the assessment and disbursement of the proposal is in line with Banking
    Guidelines/manual.
  • To ensure to maintain TAT for all the advances by continuously monitoring the overall
  • Progress of the proposal.
  • To maintain records of loan applications and monitor payments.
  • To maintain co-ordination between Regional Office, Head Office and the Branches under
    the region.
  • Responsible for loan processing and loan monitoring.
  • Work closely with relationship teams, legal teams, technical valuation teams, field
    investigation and risk teams, and other internal teams.
  • Lead the post-disbursement of documents and covenant compliance. Manage the loan process
    from start to finish.
  • Management of the assigned portfolio through improved disbursement with a key focus on
    quality.
  • Make sure the underwriting process falls under the established guardrails. Keep monitoring
    loan utilisation, repayment capacity, loan covenants, and compliance. Approve credit appraisal
    notes within financial limit in line with the organization framework.
  • The ability to gauge the impact of policies, rules, and regulations on the portfolio.
  • Risk Mitigation: Conceptual understanding of risk and risk mitigation strategies.
  • Hands-on Credit Knowledge: Credit underwriting, credit appraisal, finance, risk, and audit-
    related experience will be preferred.

Skills Required

  • Strong negotiation skills
  • Ability to work under pressure
  • Excellent analytical skills
  • Advanced mathematical ability
  • Solid interpersonal skills
  • Attention to detail
  • Great written and verbal communication skills
  • Understanding of loans and lending procedures

To apply, please send your resume and a cover letter detailing your relevant experience to
resume@lokmanyasociety.org
We thank all applicants for their interest, but only those selected for an interview will be contacted.

Our Core Values

At Lokmanya, we believe that a career should be more than just a job; it should be a passion-driven adventure that brings out the best in you. We are not just a company; we are a community of like-minded individuals united by a common purpose: to make a meaningful impact on the world.

At Lokmanya, our core values are the heartbeat of our culture and the driving force behind everything we do. They define who we are as a company and guide our decisions, actions, and interactions with our customers, employees, and partners.

DISCLAIMER
BE AWARE : PHISHING SCAMS FOR EMPLOYMENT OPPORTUNITIES

Every job seeker should be aware of online recruitment fraud. Fictitious job postings, fraudulent job offers, and individuals purporting to be recruiters can defraud job seekers, commit financial crimes or steal identities.

Lokmanya Society takes this matter seriously and is actively working to reduce the likelihood of our brand being misrepresented as part of fraudulent activity. Job seekers interested in Lokmanya Society roles should know the following:

  • At no point will Lokmanya Society or anyone recruiting for Lokmanya Society ever asks for money, credit card, or bank account information to complete a job application or be considered for a job.
  • Lokmanya Society employees (including our recruitment teams) use email addresses that end in @lokmanyasociety.org
  • At no point will Lokmanya Society or anyone recruiting for Lokmanya Society ever asks for money, credit card, or bank account information to complete a job application or be considered for a job.
  • Communications you send directly to Lokmanya Society or anyone recruiting for Lokmanya Society should only go to email addresses ending in@lokmanyasociety.org

These fraudulent job postings or “recruiters” may ask job seekers for money, banking details, or other personally identifiable information.Recruiting scams have become more sophisticated and can appear as legitimate recruitment activities of reputable companies and often use third-party websites or direct email approaches. Caution should always be shown when sharing personal information and we hope that by highlighting these developments, unsuspecting job seekers will not be duped by these scams.

Generally, job seekers should watch out for: Incorrect domain names or email addresses: Check for misspellings of hiring companies or emails from domains that do not match the hiring company.Use of messaging services: Legitimate companies won’t conduct job interviews through messaging services like Google Hangouts, Yahoo Messenger, or Facebook Messenger. Unclear or broad job descriptions: Scammers use broad, vague job descriptions to capture a wide net of potential targets. Legitimate job ads will have a clear description of what your duties would be and will list the requirements for the job.The “dream” job offer: Extremely high compensation for a position that requires no skills or experience or job offers without any interview process… If it’s “too good to be true” it is likely fraudulent.

Requests for financial information: Be wary of any ask for money, credit card, or bank account information to complete a job application or create eligibility for a job. Requirements to purchase training or equipment: If a company wants you to pay for training materials or equipment before it will consider you for a job, it is likely fraudulent.