State Credit Head - LAP

Job Summary**

We are seeking an experienced State Credit Head for our Loan Against Property (LAP) portfolio to lead and manage all credit functions across the state, ensuring sound credit decisions, risk mitigation, and portfolio growth.

Job Responsibilities**

* Develop and implement credit policies and procedures specifically for the LAP product within the state, aligning with national guidelines and market dynamics.
* Lead and manage the state's LAP credit team, including hiring, training, performance management, and career development.
* Oversee the entire credit underwriting process for LAP applications, ensuring adherence to credit policies, regulatory compliance, and timely decision-making.
* Establish and monitor credit limits, collateral valuation methodologies, and risk assessment frameworks for LAP products.
* Conduct regular portfolio reviews, identify emerging risks, and implement proactive measures to maintain asset quality and minimize delinquencies.
* Collaborate with sales, operations, and legal teams to streamline processes, enhance customer experience, and achieve business objectives.
* Prepare and present credit reports, portfolio performance analyses, and risk assessments to senior management.
* Stay updated on market trends, regulatory changes, and competitive landscape affecting the LAP sector and incorporate insights into credit strategies.
* Ensure compliance with all internal and external audit requirements related to credit operations.
* Drive continuous improvement initiatives within the credit department to enhance efficiency and effectiveness.

Job Qualifications**

* Bachelor's degree in Finance, Accounting, Business Administration, or a related field. MBA or relevant professional certification (e.g., CFA) preferred.
* Minimum of 10-15 years of progressive experience in credit risk management, with at least 5 years in a leadership role specifically focused on Loan Against Property (LAP) products.
* In-depth knowledge of LAP credit appraisal, underwriting, and risk assessment techniques.
* Strong understanding of real estate market dynamics, property valuation, and legal aspects related to collateral.
* Proven track record of managing and developing high-performing credit teams.
* Excellent analytical, decision-making, and problem-solving skills.
* Strong communication, negotiation, and interpersonal abilities.
* Proficiency in credit analysis software and Microsoft Office Suite.
* Ability to work independently and collaboratively in a fast-paced environment.
* Demonstrated ability to manage credit risk effectively and maintain a healthy portfolio.