United States
Sector
Keyword
Finance Advisor
Loan Officer
Loan Agent
Minimum ? Graduate
Freshers or up to 2 years of work experience in financial service industry
The tasks a Finance Agent is expected to perform include:Arranging loan for clients from financiers on security of real estate, property, etc.Coordinatingwithclientsandobtainingdetailslikeloanamount,rateofinterestwillingtopay,loanperiodandsecurity offered
Scrutinising and identifying the financer as per the clients? needs
Helping the concerned parties in drawing and finalising the terms of the contract
Negotiating between concerned parties and helping them to make an agreement
Proficient in identifying customer needs and recommending appropriate loan proposal
Knowledge of new types of loans and other financial services and products available in order to meet customer needs
Adept in handling client queries
Knowledge of all the loan formalities to be undertaken
Proficient in reviewing credit report and loan files
Well-versed in conducting background verification of customers
Proficient in handling legal aspect likes drafting agreement, filing petition to transfer titles of collaterals in case of default, etc.Knowledge of financial service industry
Proficientinnegotiatingpaymentarrangementwiththe customer, who have overdue payments
Knowledge of real estate and unsecured loan products
Effective communication skills
Extrovert
Good listener
Detail-oriented
Relationship building skills
Hardworking and persistent
Time management skills
It needs one to be on their toes
May require supervising Officers
Travelling is a part of this job role
Part-time and contractual jobs are available in some cities
Work from home option maybe available
Working hours
Companies usually work for 5/6 days a week and 9/10 hours everyday. This may vary company to company
Being self-employed is also an option. In this case, the working hours and days will be flexible
Shift system is not available
Is the job suitable for a candidate with special needs?This job is suitable for candidates with One Arm (OA), One Leg (OL), Both Leg (BL), Blind (B), Low Vision (LV)and those who have their Hearing Impaired (HH)
This job is considered to be mildly hazardous or dangerous
Health risks include stress, slip and falls, exposure to extreme temperatures, extensive travelling, etc.Occupational hazards include physical injuries, depression and anxiety, heart diseases, accident, headache, infection, fatigue, etc.
For freshers ? INR 10,000 to INR 15,000 per month For candidates with 1/2yearsofexperience-INR15,000 to INR 25,000 per month For candidates withover2yearsexperience-INR25,000 to INR 35,000 per month(These figures are indicative and subject to change)
Overview of Banking, Financial Service and Insurance Sector in India
Indiaisoneofthefastgrowingeconomiesandsecondmostpopulouscountryintheworld.WiththepopulationofmorethanabillionpeopleandrisingpercapitaincomeIndiaprovidesanenormousopportunityfortheBFSIcompanies.Currently58.7percentoftheIndianhouseholdsdonothaveaccess to any banking and financial service network, thus offer an enormous opportunity to BFSI companies to expand by introducing new products, leveraging technology, deploying innovative strategies and ramping up distribution network.
India has a diversified financial sector, which is undergoing rapid expansion. The sector comprises of commercial banks,insurancecompanies, non-banking financial companies, co-operatives, pension funds,mutual fundsand other smaller financial entities. The financial sector in India is predominated by banking sector. The Indian banking sector in India is fragmented, with 46 commercial banks competing for business with dozens of foreign banks as well as rural and co-operative lenders. Public sector banks hold majority of the market share in Indian banking sector.
The banking industry in India has the potential to become the fifth largest banking industry in the world by 2020 and third largest by 2025 according to a KPMG-CII report. Thesizeof banking assets in India has reached US$ 1.8 trillion in FY13 and is expected to touch US$ 28.5 trillion by FY25. Over the next decade, the banking sector is projected to create over 1.5 million new jobs, driven by the efforts of the RBI and the Government of India to integrate financial services into rural areas and to upgrade the traditional way of operations with modern technology. Thus the demand for professionals like Finance Agent, Finance Manager, etc. is bound to increase in banking sector.
The BFSI sector in India currently employs over 2.55 million people and looking at the future growth potential it is estimated that BFSI sector will employee more than 4.2 million employees by 2022, an additional 1.6 million job creation by 2022.
Self-employed
All banks, NBFCs and other financial service companies across India
Cities across India
Will be updated
All Arts, Science and Commerce college across India
Indian Institute of banking and Finance (IIBF)Institute of Finance, Banking and Insurance (IFBI)Indian Institute of Bank Management (IIBM)National Institute of Bank Management (NIBM)
Will be updated
