01Overview
Organization Context
Aditya Birla Finance Limited ("ABFL") is a lending subsidiary of Aditya Birla Capital Limited. ABFL is registered with RBI as a Systematically Important NonDeposit accepting NonBanking Finance Company (NBFC). ABFL is one of the top private diversified NBFCs in India. As of 31Dec20, ABFL has a panIndia presence with 91 branches and a lending book of Rs.45,560Crores.
ABFL offers endtoend lending solutions to a diverse set of customers Retail, HNI, MSMEs, and Mid & Large Corporates through secured as well as unsecured loan products. The diverse range of lending products includes Retail Small Ticket Secured and Unsecured Loans, Unsecured Personal Loans, Unsecured Business Loans, Health & Education Loans, Digital B2B2C and B2B2B Small Ticket Loans, Small Business Secured Loans, Loans Against Property (LAP), Lease Rental Discounting (LRD), Construction Finance (to Real Estate Developers), SME Loans, Capital Markets Loans (Loan Against Shares), Supply Chain Finance, Mid and Large Corporate Loans, and Infrastructure Finance loans. ABFL also has a Wealth Management division.
ABFL is rated "AAA" by India Ratings, ICRA and CARE (reaffirmed in 2020). ABFL secured the ABG Business Excellence Award in 2017 (Silver), and 2015 (Bronze), and multiple other Awards on forums like CII.
Job Purpose
To undertake critical review of the credit proposals logged in with a view to especially bringing out the industry, business, financial, management and facility structure risk contained in the credit proposal. The role needs to bring out the collateral and other credit risk mitigation to facilitate the approving authority to take decision on the credit proposal. The role is critical in enabling quick turnaround of credit lending proposals for the Mortgage business comprising of Loan against Property, Lease Rent Discounting, Construction Finance and Home Loan business in close liaison with the sales team.
Key Responsibilities
To assess and conduct detailed credit analysis & evaluation of lending proposals for approval / decision at the local level or further recommendation for approval/ decision at the Regional / National / Credit Committee levels.
To scrutinize the 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.
To perform direct and thorough investigation and obtain relevant credit information through personal interaction with customer.
To undertake detailed external research and market feedback including banker, suppliers, customers on the loan proposal and evaluate the proposal in accordance.
To interact with the Legal and Technical agencies to ensure that property risk have been understood and mitigated.
To 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.
Ensuring no loss of revenue by issuing proper sanction letter as per approvals are being issued, capturing the right deviation while assessing the case.
To ensure document execution from RMs & the handover of complete documentation to MOG for disbursement of loans. Ensuring proper mortgage is created in favour of ABFL. Ensuring the underlying security mortgaged is marketable and having a clear title.
Significant Credit Delegation and deviation authority. Area Credit Manager have the financial delegation of up to 1.50 Crs.
Introduction of high risk products like funding on industrial, warehouse and plots properties as well as significant increase in the threshold limits of nonincome base surrogate products which make experience and required skill set of person handling the portfolio extremely critical. This is unlike many banks and NBFCs which are into pure residential and commercial completed properties only.
To monitor the existing portfolios based on designed formats and parameters.
To monitor the Mortgages portfolio performance by continual analysis of changes in fundamentals & reviewing the ratings change, analyze covenants for deviations and evaluate industry performance norms in that sector.
To monitor the overdue position and take appropriate steps to support the recovery process for the same.
Follow up for the pending OTC and PDD documents for the location, critical review of the pending documents.
Monitoring and keeping an eye on loans by tracking various covenants and monitoring sanction condition put in the proposals at the time of approvals.
To maintain network with other financial institutions and able to take independent local industry references for customers if required.
With increased delinquency and stressed levels, requirement of driving consistent monitoring of the accounts has increased the complexity of the role. Area Credit Manager and his team below plays important role in overall .
