Area Credit Manager-Retail-Delhi

Job Description

1) Position purpose:

Write the purpose for which the job exists (in 2-3 lines)

The purpose of this job is:

To oversee the credit underwriting function and review of credit proposals logged in for the region

To facilitate quick turnaround of credit lending proposals in close liaison with the local credit analysts and sales teams.

To undertake necessary steps for risk mitigation, when required, while making sure adherence to legal & documentation norms & policies and highlight credit risks and mitigating actions to facilitate decision making by relevant approving authorities

To undertake ongoing review of the credit exposures to make sure that the exposure continues to be bankable.

To review and make sure documentation of the proposals and effectively monitor client creditworthiness from the pre sanction to post disbursement phase

To approve credit proposals within approving authority and recommend cases to NRM / Credit Committee for decision.

To guide, motivate and oversee a group spread across different locations and serving different business segments.

2) Dimensions

Mention quantitative or qualitative parameters that are relevant for the job and deliver a better understanding of the scope and scale of the job.

Function

Dept.

Section

Remarks

(As applicable)

1.

Manpower (Nos.)

A

Management

B

Staff

C

Worker

D

Contract

Total

2.

Other Relevant Parameters

(Capacity/ Volumes/ Budget)

A

Loan Approval Limit

B

Process/ SOP adherence

C

NPA%

3) Position context & Key challenges: Write the specific aspects of the job that deliver a challenge (internal and external) to the jobholder in the context of the Business/Unit/Function/Department/Section

Organizational Context

Key Aspects:

As the lending arm of Aditya Birla Financial Services Group (ABFSG), Aditya Birla Finance Limited (ABFL) offers specialized lending and financing solutions in the areas.

Being one of the most preferred asset classes in the lending space today lends this business the immense challenge of competing with all FIs / banks in a highly price sensitive target segment.

of Capital Markets, Corporate/ Trade Finance, Commercial Real Estate and Mortgages. Currently ranked within the top 25 NBFCs of India, ABFL has made significant progress and the Company's balance sheet at INR 15,000 Cr plus exceeds that of several mid-sized Banks and NBFCs

Having focused traditionally on secured lending verticals and built a strong balance sheet on the same, ABFL has ventured into Unsecured Business segment in order to effectively capitalize on its financial base with carefully managed exposures in this higher yield segment

The Unsecured Business segment products line caters to funding short term and medium term working capital needs of small businesses (BIL) and individuals (PIL), via a suite of customized short and long tenured products, without any security/ collateral.

Risk function is engaged in evaluating the creditworthiness of both business and personal loan applications by considering quantitative & qualitative factors like the client credibility, size of the client business, earnings of an individual, capital adequacy, liquidity and management quality

Position context

Key Aspects:

To make sure smooth and institutionalized flow of the BIL & PIL proposals at all the branches across their region

To oversee is tasked with evaluating the credit proposal with the required due diligence and to make sure that all information required to take a credit decision is captured in the proposal.

To sustain stipulated TAT in credit appraisal process and co-ordinate with sales group for faster decisions to improvise TATs of the overall sanction process.

To oversee a group of Credit Analysts who will carry out the due-diligence, evaluation and recommend credit proposals for approval.

Key Challenges

To make sure timely availability of accurate data and information for exhaustive credit appraisals as each proposal has its respective structuring complexities as per the client, product & regulatory qualifications.

To make sure efficient TATs in highly competitive & dynamic market conditions

To make sure credit risk and client risk are mitigated at all times

To facilitate seamless cross functional coordination for timely approval of credit proposals.

To make sure sticky accounts as well as pending documents are monitored and regularized on a regular basis

To make sure self and group are constantly updated on economic/ industry/ sectoral knowledge and trends

Enabling Skill Sets & Qualifications

Critical skill required to meet this role are a strong analytical acumen, evaluation capabilities, detail orientation and decision making capabilities, initiative & target orientation, market intelligence, group management

The education & experience required to meet this profile is Chartered Accountant or MBA with minimum 4-7yrs of experience in credit and risk functions of Banks/NBFCs.

4) Core result areas: Write the key results expected from the job and the assisting actions for each of these core result areas (For a majority of jobs typically there could be 4- 7 core result areas)

Core result areas

Assisting Actions

Accountability

Assisting Actions

Credit Underwriting Management

Oversee the credit proposals evaluation and make sure that the client creditworthiness, business strength, market credibility, Financial statements, Income Tax returns, cash flow statements, repayment track record, average bank balance & adherence to other internal credit norms are followed

Make sure direct and thorough investigation is undertaken to obtain relevant credit information through personal interaction with client.

Approve/ decision credit proposals at the local/ regional level and recommend for further approval/ decision to Zonal / National / Credit Committee levels for certain proposals

Make sure timely submission of Credit Appraisal Memo to the Zonal Credit Manager for all proposals highlighting the key risks associated with the borrower to enable a prudent credit lending decisions

Make sure no loss of revenue by issuing proper sanction letter and capturing the right deviation while assessing a case

Make sure document execution from RMs & the handover of complete documentation to Operations group for disbursement of loans.

Undertake detailed external research and market feedback on the loan proposal and evaluate the proposal in accordance

Documentation & MIS

To sustain thorough documentation process for effective tracking of proposal documents and TAT monitoring

To make sure compliance with robust documentation mechanism

To oversee the preparation of MIS & trend charts on portfolio progress/variances/defaults for all the loans during their credit life cycle and derive insights at a regional level for relevant action

To oversee the preparation of regular MIS for areas under risk management and give regional level presentations to various Zonal/ Corporate stakeholders

Process Management

Make sure end to end processes are understood and followed by the regional group as per the SOPs at the local assessment level

Monitor loans by tracking various covenants and sanction condition put in the proposals at the time of approvals

Make sure data is captured in the requisite systems by the group to make sure proper MIS generation for business decisions

Monitor the overdue position for the region and take appropriate steps to back up the recovery process through the group.

Handle client escalations and complaints during and post disbursements in certain cases

Drive continuous improvement in credit approval process to meet the dynamic business needs and institute mechanisms to mitigate risk associated with the products and client satisfaction.

Group Management

Oversee, guide and establish a group of credit analysts to make sure that TAT, Process and Credit Quality are adhered to.

Implement training modules as required for Local Credit Process group, Sales group on product, processes, legal and technical aspects

This opening is for the Area Credit Manager-Retail-Delhi position in Vijaya Bldg Barakham.