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Credit Manager - Personal Loan - Bangalore @ Max Life Insurance

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 Credit Manager - Personal Loan - Bangalore

Job Description

:

1) JOB PURPOSE:WRITE THE PURPOSE FOR WHICH THE JOB EXISTS (IN 2-3 LINES)(MAX 1325 CHARACTERS)

The purpose of this job is:

  1. To review PIL credit proposals and carry out the required due diligence within stipulated turnaround times
  2. To co-ordinate with sales team for resolution of credit risk concerns
  3. To recommend PIL 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:

  1. 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 Companys balance sheet at INR 15,000 Cr plus exceeds that of several mid-sized Banks and NBFCs
  2. 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
  3. The Unsecured Business segment products line caters to funding short term and medium term working capital needs of small businesses (PIL) and individuals (PIL), via a suite of customized short and long tenured products, without any security/ collateral.
  4. 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

Job Context

Key Aspects:

  1. To conduct initial screening of PIL credit proposals with the required due diligence and ensure that all information required to take a credit decision is captured in the proposal.
  2. To ensure that all PIL proposals are compliant with all the norms of credit policy, RBI regulations and other statutory regulations.
  3. 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.
  4. To ensure that the property risk & customer risks are managed.
  5. To assist Sr. Credit Analyst with BIL cases

Key Challenges

  1. 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.
  2. To drive decisions within TATs for approval of credit proposals in a highly competitive & dynamic market.
  3. To keep abreast with market/ product/ regulatory information in order to minimize credit/ operational risks
  4. To ensure timely and accurate documentation for all proposals

Enabling Skill Sets & Qualifications

  1. 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:WRITETHE 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

  1. Review PIL 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
  2. Perform direct and thorough investigation and obtain relevant credit information through personal interaction with customer.
  3. Maintain network with other financial institutions to take independent local industry references for customers if required
  4. Make recommendation for approval/ decision at the Regional / Zonal/ National / Credit Committee levels
  5. 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.
  6. Ensure no loss of revenue by issuing proper sanction letter as and capturing the right deviation while assessing the case
  7. 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

  1. 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

  1. Monitor the PIL portfolio performance by analyzing covenants for deviations and checking sanction condition put in the proposals at the time of approvals
  2. Follow end to end processes as per the SOPs at the local assessment level
  3. Capture proper data in the requisite system in a timely and accurate manner to ensure proper MIS generation for business decisions
  4. 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

  1. Review PIL 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
  2. Perform direct and thorough investigation and obtain relevant credit information through personal interaction with customer.
  3. Maintain network with other financial institutions to take independent local industry references for customers if required
  4. Make recommendation for approval/ decision at the Regional / Zonal/ National / Credit Committee levels
  5. 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.
  6. Ensure no loss of revenue by issuing proper sanction letter as and capturing the right deviation while assessing the case
  7. 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

  1. Maintain thorough documentation for effective tracking of proposal documents and TAT
  1. 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)

NA

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)

Internal

   

Head Risk

Regional Credit Manager

Sales team

Operations team

Other support functions

Weekly

Daily

Daily

Daily

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

External

   

Clients

Daily

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

Employement Category:

Employement Type: Full time
Industry: Banking / Financial Services
Role Category: Operations Management / Process AnalysisFinance / Accounts / Tax
Functional Area: Not Applicable
Role/Responsibilies: Credit Manager - Personal Loan - Bangalore

Contact Details:

Company: Aditya Birla
Location(s): Bengaluru

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Keyskills:   commercial lending small business lending credit analysis personal loans

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₹ 2.0 - 5 Lakh/Yr

Max Life Insurance

About the organization:Max Life Insurance is India’s 4th largest private life insurance company and is the largest non-bank promoted private life insurer in India. We have demonstrated success in building a business now operating at considerable scale, reflected in more than 60,000 cr of As...

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