Chat us
Call us
Position purpose
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
Position context & Key challenges
Position context & Challenges: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 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
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.
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
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
Core result areas
KRA (Accountabilities) (Max 1325 Characters)
Assisting Actions (Max 1325 Characters)
KRA1
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
KRA2
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
KRA3
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.
KRA4
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 Zonal Credit Manager position in Bangalore.
Eligibility typically includes the qualifications and experience outlined in the job description above, with around 6-15 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 Zonal Credit Manager at Aditya Birla Group.
This role requires around 6-15 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.