FAQs
What is the primary responsibility of a Credit Coordinator at PRIME VISHWAAS?
The primary responsibility is to evaluate the credit worthiness of customers applying for car loans, making decisions on risk assessments, and managing the portfolio effectively.
What qualifications are required for the Credit Coordinator position?
The qualifications required are either a CA or an MBA with a specialization in Finance.
Is knowledge of the local area important for this job?
Yes, knowledge of the location/area is an essential criterion for this position.
What languages should a candidate be proficient in for this role?
Candidates should be well-versed in the local language along with Hindi and English.
What skills are necessary for analyzing financial trends in this job?
A good knowledge of interpreting financial trends is necessary for this role.
How does the Credit Coordinator collaborate with the Collections team?
The Credit Coordinator monitors delinquency parameters through constant interactions with the Collections team, analyzing trends, and suggesting improvements based on those analyses.
Will the Credit Coordinator be involved in product launches?
Yes, the Credit Coordinator will be involved in launching products based on market peculiarities to facilitate business while maintaining proper risk mitigants.
What is meant by "evaluating credit worthiness"?
Evaluating credit worthiness involves assessing a customer's financial background, credit history, and other factors to determine their ability to repay a loan.
How important is portfolio management in this role?
Portfolio management is crucial as it involves understanding the market and actively monitoring the portfolio to make informed decisions.
What is the significance of the prescribed Turnaround Time (TAT) in this role?
The prescribed Turnaround Time (TAT) is significant as it ensures timely evaluations and decisions regarding car loan applications, thereby improving customer satisfaction and operational efficiency.