Area Credit Manager - SME Retail

Basic Details: Fill the required information about business, unit, location, position, reports to position and date of updation of JD
Business
Financial Services HO
Unit
Aditya Birla Finance Limited
Location
Chennai
Poornata Position Number of the job
NA
Reports to: Poornata Position Number
00115102
Poornata Position Title of the job (30 characters max)
Area Credit Manager
Reports to: Poornata Position Title
Regional Credit Manager
Function
Risk Management & Compliance
Reports to: Function
Risk – Mortgages
Department
Risk – Mortgages
Reports to: Department
Risk – Mortgages
Designation of the Employee
Area Credit Manager
Designation of the Manager
Regional Credit Manager
Date of writing/updation of JD
24 th Sep 2021
Job Purpose: Write the purpose for which the job exists (in 2-3 lines) ( Max 1325 Characters)
To recommend proposals to RCM, ZCM, NRM, Credit Committee for decision on the case.
To manage CPAs, Legal agencies, Technical agencies & verification agencies to facilitate the quick turnaround of credit lending proposals.
The key responsibilities include initial screening of the proposal, thorough preparation appraisal of credit proposals with the required due diligence; co-ordination with the sales team for resolution of credit and risk concerns, maintaining Turn Around Time (TAT); interfacing with the Sales team,External agencies (legal, Technical, verification) &Regional Credit Manager for faster decisions; Assist business functions and Sr. Credit Analyst for decision of the case.
Dimensions: Mention quantitative or qualitative parameters that are relevant for the job and provide a better understanding of the scope and scale of the job.
Business Workforce Number
(Max 254 Characters)
Unit Workforce Number
(Max 254 Characters)
Function Workforce Number
(Max 254 Characters)
Department Workforce Number
(Max 254 Characters)
Other Quantitative and Important Parameters for the job: Budgets/ Volumes/No. of Products/Geography/ Markets/ Customers or any other parameter
Job Context & Major Challenges: Write the specific aspects of the job that provide a challenge (internal and external) to the jobholder in the context of the Business/Unit/Function/Department/Section ( (Max 3975 Characters)
As the debt 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, we have made significant progress and our balance sheet at INR 15,000 Cr plus exceeds that of several mid-sized Banks and NBFCs.
A well established brand and top 3 player in the Capital Markets space, today our product suite comprises of a well-diversified look, with equal weightage and focus given to the 3 lines of business. Having seen a y.o.y cumulative growth of 50% in both top-line and bottom line, sustainable profitability continues to be the key management agenda.
The company has a well-defined vision of being one of the most reputed and material financiers within the lending space – spread across both retail HNI and corporate clientele. We have made significant investments in our process and system infrastructure towards preparing for the next level of growth and are one of the only financial entities certified for ISO 9001:2008 across all our business processes. Spread across 18 cities, we plan on further diversifying our risk and revenue mix through expansion into new geographies and new product segments allowing our customers a one-window shop for all their financing needs.
The Risk and Compliance function is engaged in evaluating the creditworthiness of the loan applications for CMG, CFG, SME and Mortgage lending divisions considering the quantitative & qualitative factors like ownership, size & market presence of the client business, capital adequacy, collateral quality, earnings quality, liquidity, management quality & client credibility & adherence to statutory requirements.
The Risk & Compliance is engaged in formulating credit risk policies for all ABFL businesses, carries out risk assessment of credit proposals, obtains credit decisions from Credit Committees, monitors credit exposure and carries out recovery of over dues. It formulates risk policies in association with Central Risk, ABFSG for overall risk management in ABFL.
Credit / Loan proposals prepared by Business Credit team are critically analyzed from credit risk perspective and the proposals along with Risk Assessment Sheet are put upto to Credit Committee for approval. While carrying out critical evaluation of the credit proposal the function also carries out evaluation of the risk mitigants in the credit proposal like the nature and the quality of the collateral, adequacy of the collateral, acceptability of the collateral given the regulatory and the compliance needs.
The Risk & Compliance function carries out monitoring of client wise exposure and portfolio exposure to identify ‘early warning signals’ of stress and to minimize NPAs. Currently monitoring is done in association with Business Teams as RMG does not have presence at Branch level. It carries out over due loan recovery from defaulting clients in coordination with Business Teams.
The Mortgage Lending Division caters to the short term and long term funding needs of the Institutional as well as retail clients across the country. The product portfolio includes Loan against property, Lease rental discounting, home loans, Construction Finance, Structured Finance & Real Estate Investment products (NCDs).
The Risk and Compliance function is engaged in evaluating the creditworthiness of the loan applications for CMG, CFD, SME and Mortgage lending divisions considering the quantitative & qualitative factors like ownership, size & market presence of the client business, capital adequacy, collateral quality, earnings quality, liquidity, management quality & client credibility & adherence to statutory requirements
Both risk and credit functions are combined in the Mortgage product and are performed by the same team of credit analysts across all locations which not only includes Independent assessment of Credit and risks associated with proposal but also identifying & accepting the mitigants for going ahead with the transaction .
Loan proposals are critically analyzed from credit risk& property risk perspective for further decision at the local / Regional / National levels within the respective authorities & recommended to the Credit Committee for approval if beyond purview of the respective authorities.
Credit Risk & compliance carries out monitoring of client wise exposure and portfolio exposure to identify ‘early warning signals’ of stress and to minimize NPAs. It also carries out over due loan recovery from defaulting clients in coordination with Business Teams.
The Credit Analyst is an integral part of the Risk & complianceand is responsible for analyzing the proposal with the required due diligence and to ensure that all information required to take a credit decision is captured in the proposal. The analyst is also responsible to ensure that proposals are compliant with all the norms of credit policy, RBI regulations and other statutory regulations. He/she has to maintain stipulated TAT in credit appraisal process and is also responsible for keeping update on the various changes in economic scenario, sectors, etc., co-ordination with sales team for faster decisions to improvise TATs of the overall sanction process.
The Credit Analyst also manages CPAs who do the processing and the basic data entry of the files & he also has to liaise with the verification agencies, technical agencies and Legal agencies to ensure that the property risk & customer risks are managed.
The major challenges to this profile include
Availability of data and information for exhaustive credit appraisals as each of the proposals has their respective structuring complexities as per the customer, product & regulatory requirements.
Ensuring faster TATs in a highly competitive & dynamic market conditions and scale of operations due to voluminous retail transactions as well as structured high value deals.
Liasing with external agencies (legal, Technical, verification) to ensure that crdit risk, customer risk & property risk are all mitigated.
Cross functional coordination to enable timely approval of credit proposals.
Pro- active monitoring and regularization of sticky accounts as well as pending documents.
Self updation on economic / sectoral changes in the economy
Seamless co-ordination with multiple internal and external entities
The critical skill sets are a strong analytical acumen, evaluation skills, detail orientation & decision making skills, initiative & target orientation & market intelligence developed through a strong industry network.
Profile also requ ires good interpersonal skills due to high cross functional engagement not only internal teams and stake ho

Work arrangement
No