Credit Manager, Hire Purchase

4 days ago


Singapore DBS Bank Limited Full time

DBS Bank Limited's Institutional Banking Group provides a range of commercial banking services to corporate customers, including cash management solutions, current accounts, and trade finance.

Our Equipment Financing Support Unit offers hire purchase financing options for equipment and vehicle purchases, ensuring that our clients receive the support they need to grow their businesses.

Key Responsibilities:

  • Conduct thorough checks of Block Discounting and Floor Stock requests, invoices, and supporting documents to ensure accuracy.
  • Perform technical verification and compliance checks on Letters of Offer and in-house documents received.
  • Conduct online vehicle valuations for vehicle-related cases.
  • Carry out encumbrance searches on vehicles and equipment, as well as enhanced searches (bankruptcy, etc.) on borrowers and guarantors.
  • Prepare letters for lawyer appointments where required.
  • Liaise with Relationship Managers, customers, and car dealers for submission of drawdown requests, invoices, and supporting documents.
  • Liaise with internal departments for activation, disbursement, and extension of Floor Stock.
  • Arrange safekeeping and archival of post-disbursement documents.

Requirements:

  • A minimum of 1-3 years of experience in hire purchase loans.
  • Strong data extraction and analytical skills.
  • Preferrable market and business knowledge in hire purchase.
  • Able to adapt quickly in a fast-paced environment with tight deadlines.


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