SBFC Finance Branch Credit Manager Interview Questions and Answers

What is the experience in the lap field
What is the expected salary
What is the family background Act

Q1. Expected salary and previous hr provides.? Notice period related questions.
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Q2. What is the expected salary
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Q1. About previous work experience
Ans. 
I have over 7 years of experience in credit management, focusing on risk assessment and customer relationship building.
• Managed a portfolio of over 200 clients, ensuring timely payments and minimizing defaults.

• Implemented a new credit scoring model that reduced risk by 15%.

• Conducted regular financial analysis to assess client creditworthiness.

• Collaborated with sales teams to develop tailored credit solutions for clients...read more
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Q2. About subject questions
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Q1. About work related questions
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Q2. Package discussion
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Discussing the compensation package for a Branch Credit Manager role, including salary, benefits, and incentives.
• Base Salary: Competitive salary based on industry standards and experience level.

• Performance Bonuses: Incentives based on meeting credit targets or branch performance.

• Benefits: Health insurance, retirement plans, and paid time off.

• Professional Development: Opportunities for training and certifications to enh...read more
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Q1. What are the cultural activities offered by the company?
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Q2. What benefits are provided to employees?
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Q1. What are the specific responsibilities of a credit manager?
Ans. 
A credit manager oversees credit policies, assesses creditworthiness, and manages credit risk to ensure financial stability.
• Evaluate credit applications by analyzing financial statements and credit reports.

• Set credit limits based on risk assessment; for example, a company may set a lower limit for new clients.

• Monitor accounts receivable to ensure timely payments and reduce delinquency.

• Develop and implement credit polic...read more
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Q2. How do you determine the authenticity of a customer?
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To determine customer authenticity, I verify identity through documentation, digital footprints, and behavioral analysis.
• Verify government-issued ID: Check for photo ID like a driver's license or passport.

• Use biometric verification: Implement fingerprint or facial recognition technology.

• Cross-reference information: Match customer details with credit bureaus or databases.

• Analyze digital footprints: Look for consistent o...read more
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Q3. How can one determine the actual income of a borrower?
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Determining a borrower's actual income involves analyzing various income sources and financial documents.
• Review pay stubs: Analyze recent pay stubs to verify salary and deductions.

• Check tax returns: Examine the last two years of tax returns for consistent income reporting.

• Consider additional income: Include bonuses, commissions, and side jobs in the income assessment.

• Evaluate bank statements: Look for regular deposits ...read more
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Q1. Not asking for everyone
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Q2. Based on situation only, would be take car upto 12 Months repayment customer
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Working capital gap? Can explain in detail