Evaluating Creditworthiness:Analyzing financial statements (balance sheets, profit & loss, cash flow statements), assessing credit history, and using credit scoring models to determine the likelihood of loan repayment.Managing Credit Risk:Developing and implementing credit policies and strategies, monitoring portfolio performance, identifying and mitigating potential risks, and ensuring compliance with regulations.Approving Loans:Making decisions on loan applications based on creditworthiness assessments, adhering to company policies and guidelines, and ensuring proper documentation.Monitoring Loan Performance:Tracking loan disbursements, ensuring timely payments, managing collections, and addressing any deviations or delinquencies.Liaising with Stakeholders:Coordinating with business development teams, legal departments, technical teams, and external agencies like lawyers and valuers.Developing Credit Policies:Creating and updating credit policies and procedures, ensuring they are aligned with business strategies and risk frameworks.Team Management:In some cases, managing a team of credit analysts or other professionals, providing guidance and training.Compliance:Ensuring compliance with all relevant regulations and internal policies, participating in audits, and maintaining accurate records.Business Development:Identifying potential business opportunities and contributing to the growth of the organization's construction finance portfolio.
