Credit Operations Analyst
Piramal Enterprises Ltd
Maharashtra, India
21d ago

The Piramal Group

The Piramal Group is adiversified conglomerate with operations in over 30 countries andbrand-presence across 100 markets around the world.

Since the late 1980s, thePiramal Group has evolved from a textile-centric business to a diversifiedorganization, which operates across sectors such as healthcare, life sciences,healthcare information management, financial services, specialty glasspackaging and real estate.

As a Group we haveconsistently identified opportunities ahead of the curve, even when marketsituations suggest the opposite.

We invested in the domestic formulationsbusiness when others were focused on growing international generics. Ourpersistence paid off when a deal with Abbott in 2010 valued our business at USD3.

72 billion, an unprecedented 9x sales and 30x EBITDA.

The Group has identifiedfinancial services as the key growth driver and has developed significantexpertise across asset classes and sectors.

The financial services arm, PiramalCapital, includes two entities Piramal Fund Management Pvt. Ltd. (PFMPL) andthe Structured Finance Group (SFG) each targeting a sector of national andeconomic significance i.

e. real estate and infrastructure. It also includesPiramal Finance Ltd., which is registered as an NBFC.

PEL's financial servicesbusinesses comprise :

  • One of the largest wholesale real estatefinancing businesses
  • Structured Finance Group for investing inspecial situations in India
  • Distressed fund management targetingopportunities from stressed assets
  • Piramal’s financial services businesses areorganised as an integrated platform across the capital stack, which enables usto provide financing solutions across private equity, structured / mezzanineequity, structured debt, senior secured debt and even construction finance.

    We also have marquee relationships with the largestglobal pension funds such as :

  • Canadian Pension Plan Investment Board (CPPIB) for deploying uptoUS$750mn into residential real estate, and
  • APG for deploying upto US$1bn into infrastructure mezzanineopportunities.
  • The combined assets under management acrossinvestment themes exceed Rs. 35,000 crores. Funds are deployed from variousdeployment pools including proprietary capital, domestic and offshoreinvestors.

    This makes us one of the largestand fastest growing alternate finance players in India today.

    In addition, we also holdsignificant equity interest in the Shriram Group’s financial servicesbusinesses. The Shriram Group is one of India’s largest non-

    banking financialservices conglomerates in India with presence across Asset-backed lending,Consumer Finance, Life Insurance, General Insurance, Stock Broking, AssetManagement and Distribution businesses.

    It caters to over 10 million customersthrough 3,000+ branches pan-India by 50,000+ employees with over Rs. 100,000crores in assets under management.

    The combined market capitalization of thelisted entities in the Shriram Group is in excess of Rs. 40,000 crores.

    Shriram Capital is the holding company of theGroup and overseas the following operating companies :

  • Shriram Transport Finance : India’s largest used commercial vehiclefinancier with over Rs. 70,000 crores in assets under management, and is listedon the National and Bombay Stock Exchanges
  • Shriram City Union Finance : India’s largest two-wheeler and micro-smalland medium enterprise financiers with over Rs.
  • 20,000crores in assets undermanagement, and is listed on the National and Bombay Stock Exchanges

  • Shriram General Insurance : A market leader in motor vehicle insuranceand amongst the most profitable players in the industry today
  • Shriram Life Insurance : Catering to the life insurance needs of theaam-admi and amongst the largest players in terms of new policy issuance
  • Shriram Financial Products and Shriram Fortune Solutions : Engaged indistribution of financial products across life insurance, general insurance andretail deposits.
  • Mr. Ajay Piramal is the Chairman of thePiramal and Shriram Group of companies.

    Our philanthropic arm,Piramal Foundation, runs projects across healthcare, education, livelihoodcreation and youth empowerment.

    Projects like Piramal Sarvajal and e-Swasthyaare now Harvard Business School Case Studies.

    Driven by our values andpropelled by strong governance, we have built an expansive team and a wide networkthrough partnerships with esteemed companies.

    For more information aboutour group, please visit our website : www.piramal.com

    As part of the strategic objective to targetmulti-fold growth with market leading ROEs, for each of the Piramal Group’salternate finance businesses under the Piramal Finance Limited platform, one ofthe key priorities is to streamline operations to enable a fastertime-

    to-market, mitigate operational risks that typically accompany this scale,while sustaining our best-in-class levels of diligence, monitoring and control.

    This will be enabled by the setup of a wholesale credit operations functionthat shall serve the real estate financing business, among others.

    Business Unit : Piramal Finance Limited

    Domain : Financial Services

    Department; Group :

    Operations - Asset Management Ops

    Degree of Travel required : Purpose of Job

    Purpose of Job

    The role will be a part of the Piramal Finance wholesale credit operations function, supporting the asset management function of the real estate financing business.

    The real estate financing group specializes in providing equity / mezzanine financing solutions / construction finance to Indian real estate developers.

  • Internal auditor
  • Head - Asset Management
  • Head Wholesale Credit Operations
  • Role directly reports to

    Positions that report into this role

  • Associate Principal- Asset Management (functional reporting)
  • Head Wholesale Credit Operations (administrative)
  • Essential Qualifications

  • M.Com. / B.Com. with 3-5 yrs. of work experience, preferably with wholesale banking operations / real estate sector
  • Additional qualification like MBA in Finance / CA Intermediate / CWA Inter is preferred / CS intermediate
  • Qualified banking credit operations professionals (large private banks such as Bank of America, Deutsche Bank, JPMC etc.
  • or Trusteeship Companies) would be preferred

    Essential Skills & Experience

  • Sound knowledge of wholesale financial services domain and strong understanding of wholesale banking operations
  • 2+ years of experience in asset management or credit operations
  • Strong understanding of investment lifecycle, assets and liabilities, credit operations
  • Knowledge

  • Strong understanding of investment lifecycle, assets and liabilities, credit operations
  • Strong proficiency in MS Excel, experience with use of technology systems
  • Good understanding MS PowerPoint, MS Word
  • Action

  • Ability to be a self-starter and think strategically
  • Ability to multi-task, work successfully under pressure, effectively manage time & workload
  • Attention to detail, ownership of issues, determination to follow through with urgency
  • Care

  • Maintain healthy relationships with colleagues, and third party agencies, etc.
  • Key Roles / Responsibilities :

  • Follow up with trustees for issuance of NOC to the developers
  • Processing NOC requests received from Developers using IT system and preparing MIS on list on NOCs issued till date
  • Executing / follow-up the banking operations with respect to transfer of funds from Developer account(s) to Piramal account
  • Computing the interest receivable considering the repayments and prepayments of loans
  • Co-ordinating with the developer for follow-up on Interest and principal payments
  • Monitor the escrow account and prepare report on weekly basis providing collections made by the developer
  • To include setting up of sweep / modification, maintaining record of effective sweep ratios, check the escrow account for effective implementation of sweep.
  • Check on balance in retention account and report the summary of the balances
  • Preparing reports / MIS / presentation on transactions during the month
  • M.Com. / B.Com

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