Individual Relationship Officer(IRO) Jobs in Ambattur,Avadi,Chennai - IDFC Bharat Ltd
Individual Relationship OfficerIRO
Job Description
Job Title: Individual Relationship Officer
Job Location:Tamilnadu
1) Approve
loans within specified limits, and refer loan applications outside those limits
to management for approval.
2) Meet with applicants to obtain information for loan applications and to
answer questions about the process.
3) Analyze
applicants' financial status, credit, and property evaluations to determine
feasibility of granting loans.
4) Explain to customers the different types of loans and credit options
that are available, as well as the terms of those services.
5) Obtain and compile copies of loan applicants' credit histories,
corporate financial statements, and other financial information.
6) Review
and update credit and loan files.
7) Review loan agreements to ensure that they are complete and accurate
according to policy.
8) Compute payment schedules.
9) Submit applications to credit analysts for verification and recommendation.
10) Confer
with underwriters to aid in resolving mortgage application problems.
11) Negotiate payment arrangements with customers who have delinquent
loans.
12) Set credit policies, credit lines, procedures and standards in conjunction with senior managers.
13) Overseeing the documentation part of deals Finalized for Loans
Job Particulars
About Company
IDFC Bharat Limited (formerly known as Grama Vidiyal Microfinance Limited), is a wholly owned subsidiary company of IDFC Bank (). The company acts as a Business Correspondent for IDFC Bank by offering various financial services like loans, savings accounts, payment services and insurance to the underserved rural women through a pan India network.
GVMFL was acquired by IDFC Bank in the year 2016. Prior to the acquisition, GVMFL was one of the renowned and the largest microfinance institutions across the planet in terms of its outreach and large credit portfolio. Today, it serves more than a million households in 5 states of the country utilizing the dedicated services of more than 3,500 employees.
With the varied products, IDFC Bharat Limited (GVMFL) not only aims at achieving the economic sustainability of its women members, but also facilitates holistic empowerment of women and their families in social and cultural fronts.