01Overview
Retail - Unsecured Direct
Relationship Officer:
Location: W-AH3, Ahmedabad
Job Context
Key Aspects:
The Secured Micro Loan Business segment product line caters to funding short term and medium term working capital needs of Small Businesses and individuals, via a suite of customized short and long tenured products, with collateral.
Offerings comprise Secured Micro Loan to self-employed individuals/ non-individual entities, with end use of funds (Working capital requirement, business expansion etc.) to be ascertained during the loan appraisal process.
The business is highly retail in nature, characterized by high transaction volumes, smaller ticket sizes, and significantly higher spread and profit margins (up to four times that of Secured Lending products)
Given the Secured Micro Loan nature of loans disbursed, the business also entails stringent controls and monitoring to ensure portfolio health and quality at all times
While unit of sizing up the business is its loan book size, profitability and minimized delinquency are key business objectives.
Higher cost of funding impacts profitability as well as competitiveness of loan rates that can be offered to customers
Understanding of product market characteristics such as connector relationship management, region specific occupations/trade, local financial preferences and practices are significant to gain competitive advantage while structuring loans and identifying leads.
The RO/RM - ABFL is responsible for achieving sales targets as agreed with the Area Head (Sales) - ABFL, in terms of targeted book size, profitability, growth & customer service objectives.
Job Context & Major Challenges: Write the specific aspects of the job that provide a challenge (internal and external) to the job holder in the context of the Business/Unit/Function/Department/Section (Max 3975 Characters)
Key Challenges
To deliver on operational plan in the assigned coverage area in a differentiated manner considering local f .
