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Position purpose
The purpose of this job is to execute risk and credit operations on assigned transactions in alignment with established frameworks and processes, making sure effective and efficient loan underwriting across ABHFL service offerings for sound portfolio quality management. This role is expected to take approval decisions as per approval matrix after due creditworthiness and risk assessment making sure process adherence, and collaborate with Sales, Operations and ABFL Risk group colleagues to make sure robust risk management operations
Position context & Key challenges
Position context:/Job Challenges:
o Part of the Aditya Birla Financial Service Group (ABFSG), Aditya Birla Housing Finance Limited (ABHFL) is registered with the National Housing Bank as a housing finance company under the National Housing Bank Act, 1987. The company offers a complete range of housing finance solutions such as home loans, home improvement and home construction loans, balance transfer and top-up loans, loans against property and construction finance. The company acquired its license on 9th July 2014 and has aggressive growth plans.o The nature of the HFC business (dealing largely with retail clients in the potentially sensitive area of housing/ mortgages), along with the additional regulatory and control mechanisms imposed as a result, means it is imperative that all functions and processes align and comply with sound risk management guidelines and applicable regulations/ controls proactively and judiciously. This is vital for overseeing risk and protecting interests of both the business as well as the client.
o The Risk group provides core underwriting services fundamental to the ABHFL business health, risk management and sustainability. Structured as a dual to the Sales/ Sourcing group, with positions mapped against corresponding Sales roles across the organization, the Risk group is tasked with necessary controls and process checks to make sure business performance and health.
o While the core responsibility for this function is to control the business via robust underwriting and risk management, assisting business expansion via joint evaluation of different product/ market growth proposals with the Sales group is also an important contribution.
o The Area Credit Manager plays the role of executing risk and credit operations in line with established guidelines & norms and securing the organization against diverse risks in local business operations via process measures and checks. This role is tasked with making sure robust and efficient creditworthiness and risk assessment, and is the first approval authority in the risk management structure. He/she is the “ears on the ground” member of the Risk Group who meets every client as part of the underwriting process and also visits the property which is being funded. Therefore, they need to have an understanding of the Legal and Valuation framework to be able to execute their role satisfactorily
Core result areas
KRA (Accountabilities) (Max 1325 Characters)
Assisting Actions (Max 1325 Characters)
KRA1
Underwriting and Portfolio Quality Management
Execute risk and credit operations for assigned transactions in adherence with defined frameworks and principles across ABHFL business lines
Evaluate and approve proposals as per defined approval matrix, seeking guidance from seniors and assisting peers on specific cases as required
Liaise with relevant ABFL Risk group members for Legal-Technical evaluations and clarifications in complex cases, as required
KRA2
Process Efficiency
Execute risk operations efficiently and in a manner that enables business performance while making sure risk management imperatives
Collaborate seamlessly with Credit Processing Analysts and Credit Analysts to make sure files are logged appropriately and analyzed thoroughly
Work as per process-driven coordination mechanisms with Sales and Operations teams for effective decision making and problem solving in line with business and risk management needs; escalate to RCM as required
KRA3
Risk Compliance & Control
Make sure compliance with established risk management principles and norms; compile periodic and need based MIS, reports, escalation case documents, etc.
Conduct local risk operations in line with defined ‘Maker – Checker’ mechanism with Sales and Operations teams in a systematic manner, across key aspects such as exception approvals, collateral valuation, PDD completion, cheque bounce collections, etc
KRA4
Self-Development & Internal Stakeholder Coordination
Seek development to execute better risk assessment and loan underwriting via technical skill-up (e.g. proficiency on legal & technical documents, property business practices & norms, etc.) and role clarity
Sustain relationships with internal stakeholders for smooth coordination on complex/ escalation/ exception cases
This opening is for the Area Credit Manager position in Thane.
Eligibility typically includes the qualifications and experience outlined in the job description above, with around 3-5 Years years of relevant experience expected for this role.
The key responsibilities for this role are detailed in the Key Responsibilities section above, covering the core duties expected of a Area Credit Manager at Aditya Birla Group.
This role requires around 3-5 Years years of relevant experience, as specified in the job listing. Please refer to the Qualifications & Experience section above for full details.
Skills relevant to this position are outlined in the Qualifications & Experience section above. In general, strong communication, domain knowledge, and the ability to meet role-specific targets are valued across similar BFSI positions.
You can apply directly using the Apply Now button on this page, which will take you to Aditya Birla Group's application process for this role.