Credit Officer

Job Purpose

Implement risk management processes at the ground level for the construction finance business, gaining a thorough understanding of the project and developer and preparing a credit memo to assess the project viability and proposal structure as per ABHFL risk parameters and customer requirements. Key activities are analysis of project viability, assessment of market information and developer financials.

Job Context & Major Challenges

Job Context

Key Aspects

The company has a well-defined vision of being one of the most reputed and material financiers within the lending space- spread across both retail HNI and corporate clientele. We have made significant investments in our process and system infrastructure towards preparing for the next level of growth and are one of the only financial entities certified for ISO 9001:2008 across all our business processes. Spread across 18 cities, we plan on further diversifying our risk and revenue mix through expansion into new geographies and new product segments allowing our customers a one-window shop for all their financing needs.

The Business Credit Analyst is an integral part of the Construction Finance Business and is responsible for analyzing the proposals with the required due diligence and to ensure that all information required to take a credit decision is captured in the proposal.

The analyst is also responsible to ensure that proposals are compliant with all the norms of credit policy, RBI regulations and other statutory regulations.

He/she has to maintain stipulated TAT in credit appraisal process and is also responsible for keeping update on the various changes in economic scenario, sectors, etc., co-ordination with sales team and RMG for faster decisions to improvise TATs of the overall sanction process.

Market Intelligence and understanding Competition best practices and suggesting changes in the existing product / policy and processes.

Generating various MISs and EWS (early warning signals), overall portfolio monitoring form risk as well as compliance perspective is an important job aspect.

Key Challenges

Cross functional coordination to enable timely approval of credit proposals

Self-updating on economic / sectoral changes in the economy

Improvising on TAT

Seamless co-ordination with multiple internal and external entities

New product development

Enabling Skill Sets & Qualifications

The critical skill sets are a strong analytical acumen, evaluation skills, detail orientation & decision-making skills, initiative & target orientation & market intelligence developed through a strong industry network.

The education & experience required to fulfil this profile are a Chartered Accountant or an MBA with minimum 2-4 years of experience in credit and risk functions of Banks/NBFCs.

Key Result Areas

KRA (Accountabilities) (Max 1325 Characters)Supporting Actions (Max 1325 Characters)

KRA1 To Assess and conduct detailed credit analysis & evaluation of lending proposals for approval / decision at the local level or further recommendation for approval/ decision to Risk team for further approval at CC level Meet with developers and builders to understand the viability of their projects, in terms of project scale, progress and financials

Provide inputs towards the structuring of the deal, ensuring compliance with internal risk and external regulatory requirements

Carry out an analysis of the balance sheet and recent financial results of developers and their organizations

Carry out background research on the project, the developer and the regional market, highlighting any negative reports so as to ensure the quality of ABHFLs lending portfolio

To interact with the Legal and Technical agencies to ensure that property risk have been understood and mitigated.

Monitor statutory real estate guidelines and assess any relevant information from these sources

Manage direct relationships with developer finance and accounts teams to get timely and correct information

Prepare a credit memo and forward it to the Risk team /credit committee, following up on action so as to ensure minimal turn-around-time of the approval process

To ensure document execution from RMs & the handover of complete documentation to MOG for disbursement of loans. Ensuring proper mortgage is created in favor of ABFL. Ensuring the underlying security mortgaged is marketable and having a clear title.

KRA2 Emphasize strict compliance and adherence to internal risk management and external regulatory norms Ensure a thorough understanding and acceptance of the ABFL credit risk strategies, and ensure that appropriate credit risk parameters are incorporated in proposals

To work with the Central Risk teams to identify risk areas and build processes to mitigate risk, including performance metrics and documented procedures

Monitor customer accounts on a periodic basis to ensure the maintenance of acceptable asset quality levels

Track delinquent and potentially problematic accounts closely, taking action to minimize the level of NPAs within the region

KRA3 Vendor Management Identifying and recommendation for Appointment of vendors at local levels including valuation, legal, Field Investigation Agencies, Fraud Containment Agencies.

Managing TAT with various vendors - a) Field investigation, b) Lawyers, c) Technical Valuers, d) RCU agency to ensure Customer Delight

Regular Training and reviewing the performance of the vendors with regular interaction and keeping eye on the other financial institution association.

KRA4 Process Management Ensuring that end to end processes are followed as per the SOPs as defined for CF at the local assessment level

Continuous improvement in credit approval process to meet the dynamic business needs and instituting mechanisms for adherence of risk associated with the product s, safety of financed amount and customer satisfaction.

Proper capturing of data in the requisite system to ensure proper MIS generation for business decisions

Training implementation for Local Credit Process team, Sales team on product, processes, legal and technical aspects.

Handling customer escalations and complaints during and post disbursements - replies to mailers, correspondences with co-ordination with the legal team