Credit Manager - Business Loan - Rajahmundry
Aditya Birla Group
Rajahmundary, Andhra Pradesh, India
1d ago

1) Job Purpose : Write the purpose for which the job exists (in 2-3 lines) (Max 1325 Characters)

The purpose of this job is :

  • To review BIL credit proposals and carry out the required due diligence within stipulated turnaround times
  • To co-ordinate with sales team for resolution of credit risk concerns
  • To recommend BIL proposals to Regional Credit Manager, Zonal Credit Manager, National Risk Manager, Credit Committee for decision / approvals on the case
  • To assist the Senior Credit Analyst with BIL cases

    2) 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

    3) 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)

    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‚Äôs 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 (BIL), 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 conduct initial screening of BIL credit proposals with the required due diligence and ensure that all information required to take a credit decision is captured in the proposal.
  • To ensure that all BIL proposals are compliant with all the norms of credit policy, RBI regulations and other statutory regulations.
  • To maintain stipulated TAT in credit appraisal process and co-ordinate with sales team for faster decisions to improvise TATs of the overall sanction process.
  • To ensure that the property risk & customer risks are managed.
  • To assist Sr. Credit Analyst with BIL cases
  • Key Challenges

  • To ensure 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.
  • To drive decisions within TATs for approval of credit proposals in a highly competitive & dynamic market.
  • To keep abreast with market / product / regulatory information in order to minimize credit / operational risks
  • To ensure timely and accurate documentation for all proposals
  • Enabling Skill Sets & Qualifications

  • Critical skill required for this role are a strong analytical acumen, evaluation skills, detail orientation & decision making skills.
  • The education & experience required to meet this profile are a Chartered Accountant or an MBA with minimum 0-4yrs of experience in credit and risk functions of Banks / NBFCs.

    4) Key Result Areas : Write the key results expected from the job and the supporting actions for each of these key result areas (For a majority of jobs typically there could be 4- 7 key result areas)- Maximum 10 KRAs can be updated

    Key Result Areas ( Max 1325 Characters)

    Supporting Actions (Max 1325 Characters)

    Credit Review Process

  • Review BIL credit proposals by analyzing 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
  • Perform direct and thorough investigation and obtain relevant credit information through personal interaction with customer.
  • Maintain network with other financial institutions to take independent local industry references for customers if required
  • Make recommendation for approval / decision at the Regional / Zonal / National / Credit Committee levels
  • Submit Credit Appraisal Memo to the Regional Credit Manager for each proposal highlighting the key risks associated with the borrower to enable a prudent credit lending decision.
  • Ensure no loss of revenue by issuing proper sanction letter as and capturing the right deviation while assessing the case
  • Ensure document execution from RMs & the handover of complete documentation to Operations team for disbursement of loans.
  • To assist Sr. Credit Analyst in review of BIL credit proposals

    Documentation & MIS

  • Maintain thorough documentation for effective tracking of proposal documents and TAT
  • Prepare MIS & trend charts on portfolio progress / variances / defaults for all the loans during their credit life cycle to share with the Head Risk

    Process Management

  • Monitor the BIL portfolio performance by analyzing covenants for deviations and checking sanction condition put in the proposals at the time of approvals
  • Follow end to end processes as per the SOPs at the local assessment level
  • Capture proper data in the requisite system in a timely and accurate manner to ensure proper MIS generation for business decisions
  • Handle customer escalations and complaints during and post disbursements replies to mailers, correspondences with co-ordination with Sales team
  • Monitor the overdue position and take appropriate steps to support the recovery process for the same.

    Credit Review Process

  • Review BIL credit proposals by analyzing 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
  • Perform direct and thorough investigation and obtain relevant credit information through personal interaction with customer.
  • Maintain network with other financial institutions to take independent local industry references for customers if required
  • Make recommendation for approval / decision at the Regional / Zonal / National / Credit Committee levels
  • Submit Credit Appraisal Memo to the Regional Credit Manager for each proposal highlighting the key risks associated with the borrower to enable a prudent credit lending decision.
  • Ensure no loss of revenue by issuing proper sanction letter as and capturing the right deviation while assessing the case
  • Ensure document execution from RMs & the handover of complete documentation to Operations team for disbursement of loans.
  • To assist Sr. Credit Analyst in review of BIL credit proposals

    Documentation & MIS

  • Maintain thorough documentation for effective tracking of proposal documents and TAT
  • Prepare MIS & trend charts on portfolio progress / variances / defaults for all the loans during their credit life cycle to share with the Head Risk
  • 5) Job Purpose of Direct Reports : Describe the job purpose of the direct report / s to the job (in 2-3 lines for each report)

    6) Relationships : Describe the nature and purpose of most important contacts or relationship (except superior / team members) with individuals, departments, organizations inside and outside of the organization, that job is required to interact with in order to deliver the job objectives

    Relationship Type (Max 80 Characters)

    Frequency

    Nature (Max 1325 Characters)

    Head Risk

    Regional Credit Manager

    Operations team

    Other support functions

    Daily

    MIS, intimation in cases requiring management intervention

    Recommendations on loans, ongoing portfolio / client reviews, documentation audits

    MIS, intimation on major shortfall / defaults in portfolios

    Client servicing issues,

    Disbursal completion

    Business discussions for smooth operations

    Daily

    CRM & Proposal discussions, understanding the market pulse, Review Meetings and Collection Meetings

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