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Position purpose
The purpose of this job is to execute risk and credit operations on the basic transactions assigned, as per established frameworks and processes, making sure sound portfolio quality management. Further, this role coordinates with Sales, Operations and ABFL Risk colleagues to make sure efficient and effective risk management operations
Position context & Key challenges
Position context/Job Challenges:
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 &home construction loans, balance transfer &top-up loans, loans against property &construction finance. The company acquired its license on 9th July 2014 &has aggressive growth plans.ABHFL operates in the Rs. 11.4 trillion Indian Housing Finance market, which has grown at a steady rate of 17% CAGR over the last 3 years while reporting good asset quality despite challenges in the operating environment. While the industry is dominated by five large groups, there has been an emergence of newer entrants in niche segments like affordable housing &self-employed borrowers, given the high potential in these segments. Despite increased focus by banks, HFCs have been able to sustain their share in the mortgage market &has remained stable at ~37% as on December 2015.The nature of the HFC business (dealing largely with retail clients in the potentially sensitive area of housing/ mortgages), along with the additional regulatory &control mechanisms imposed as a result, means it is imperative that all functions &processes align &comply with sound risk management guidelines &applicable regulations/ controls proactively &judiciously. This is vital for overseeing risk &protecting interests of both the business as well as the client.While the core responsibility for this function is to control the business via robust underwriting &risk management, assisting business expansion via joint evaluation of different product/ market growth proposals with the Sales group is also an important contribution.The Credit Manager plays the role of executing risk &credit operations in line with established guidelines &norms, &securing the organization against diverse risks in local business operations via process measures &checks. This role is tasked with making sure robust &efficient creditworthiness &risk assessment. He/ She is the ears on the ground member of the Risk Group who meets every client as part of the underwriting process &also visits the property which is being funded.Therefore, he/she needs to have an understanding of the Legal &Valuation framework to be able to execute their role satisfactorily
Key Challenges
While the ABFL Mortgages group also works with retail clients in the property space, the ABHFL business is exposed to the additional Construction Risk, i.e. risk from under construction projects not getting completed as planned.ABHFL is in its inception phase as a company &in the midst of rapid growth. The Risk function must therefore be able to balance priorities of risk management &business growth efficiently, without increasing sub-prime exposures or impacting business health &sustainability.The housing space is characterized by state-wise norms &business practices, as well as varied interpretations of regulatory guidelines by different stakeholders. It is therefore essential for Risk function group members to remain up to date on business practices/ norms in their respective states/ locations &work within regulatory guidelines in a manner that minimizes business risk &also supports growth objectives.
Enabling Skill Sets & Qualifications
Critical skill sets required to meet these challenges include business &commercial acumen, analytical capabilities, interpersonal &presentation capabilities, &execution capabilities.Education & experience required to fulfil this profile are a CA/ MBA-Finance with minimum 0-3 yrs of experience in a bank/ NBFC/ HFC
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 basic transactions assigned, in adherence with defined frameworks and principles across ABHFL business lines
Seek guidance from seniors proactively and gather insights on technical aspects as well as state/ property specific considerations for effective risk assessment of individual cases
Liaise with relevant ABFL Risk group members for clarifications on Legal-Technical evaluations, 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 to make sure case files are logged appropriately before proceeding to initiate credit operations
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
Collection Efficiency
Work in alignment with process-driven mechanisms for coordination with the Collections/ Operations group on tracking delinquency cases and driving collections efficiently and effectively
Escalate specific/ complex cases, as required, to RCM for recovery and delinquency/ NPA avoidance
KRA5
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 CM-Muzaffarpur Informal position in 3rd Floor.
Eligibility typically includes the qualifications and experience outlined in the job description above, with around 3-7 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 CM-Muzaffarpur Informal at Aditya Birla Group.
This role requires around 3-7 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.