Vertical Head – Credit Monitoring Full Time

Enriching Lives Winning as ONE

ABC Company Info

Aditya Birla Capital Limited (“ABCL”) is the holding company for the financial services businesses of the Aditya Birla Group. With subsidiaries/JVs that have a strong presence across Protecting, Investing and Financing solutions, ABCL is a financial solutions group that caters to the diverse needs of its customers across their life cycle. Powered by more than 38,000 employees, the businesses of ABCL have a nationwide reach with over 1300 branches, more than 2,00,000 agents/channel partners and various bank partners.

What makes an ideal ABC Citizen?

At ABC, we are constantly on the lookout for individuals who resonate with our 5 core values of Speed, Passion, Integrity, Seamlessness and commitment and live them every day, while also understanding our vision. We believe in building leaders who thrive on challenges, take the onus of creating and sustaining strong teams, and forms strong networks as a result of effective relationship-building.

Role Details

Business

Aditya Birla Capital

Unit

Aditya Birla Capital Limited

Location

Mumbai

Role

Vertical Head – Credit Monitoring

Department

Credit

Eligibility Criteria

CA/ MBA

Required Skills & Competencies

• Analytical thinking and attention to detail.
• Investigative and fraud detection skills.
• Integrity and strong ethical standards.
• Effective communication and reporting.
• Process orientation and innovative mindset.
• Networking and stakeholder management.
• Ability to conduct training and awareness sessions.
• Flexibility for travel and on-ground investigations.
• Technical proficiency in MIS and fraud systems.

Key Responsibilities

Key Result Areas (Max 1325 Characters)

Supporting Actions (Max 1325 Characters)

To build a robust credit coverage and Credit monitoring system

• Focus on identification, measuring, monitoring, and managing the risks (including credit, operational, market risks etc.) in the overall portfolio and individual borrowers
• Gathering market intelligence about the borrower and industry through:
• Regular lesioning with borrower’s bankers, credit rating agencies, CIBIL etc.
• Regular meeting with company’s management and its supply chain stakeholders
• Interacting with other industry players, wherever possible
• Any other sources of information that are available
• Taking responsibility of managing the overall credit quality of the portfolio
• To have risk awareness about macro and sectoral issues related to various sectors where the division has lent and is looking for business opportunities
• Benchmark the internal credit monitoring policy to the industry and keep improving upon the same
• To monitor the compliance of internal and regulatory guidelines etc.

To perform portfolio monitoring and leverage data analytics for effective Credit monitoring & formulate compliance processes for new and existing business

• To monitor the portfolio performance by continual analysis of fundamentals & reviewing the ratings, analyses the covenants and evaluate industry performance in that sector
• Regularly updating on the pending compliances, gaps in security creation and perfection to be duly highlighted to the senior management including credit committee etc.
• Regularly track and evaluate the collaterals using Collateral Management System or any other process/system and suggest mitigant steps to preserve/recover the value of the collaterals as the case may be
• Empanel and use the services of established and on ground valuers to identify any impairment in the collateral and take appropriate steps
• Devise risk-based data analytics tools, including Collateral Management System and pending compliances etc., that are constantly evolving and gradually can be used to predict the ‘Early Warning’ signals
• Use statistical models to standardize and improve lending decisions
• To make sure that all the post sanction compliances are regularly met and adhered to
• Ensuring proper end use of funds, adequate insurance cover of borrower’s assets, legal documentations are complete and valid etc
• Monitoring escrow statements and cash flow performance of the project and the borrower
• Keep track of the timely receipt of all payments from the borrowers and to ensure that ABFL’s security and security cover are constantly monitored and safeguarded
• Conduct regular site visits and periodic meetings with company’s management wherever required and feasible
• Suggest and initiate actions when risk metrics are breached or have potential to be breached and follow up on the action items as advised by the management
• To regularly upgrade credit procedures & ensure their compliance with internal & external rules of lending

Monitoring & Risk Identification of Under Construction and operational Projects

• Keeping track and monitoring of the under construction, along with Business & Credit Team, including physical and financial progress.
• Using latest technology such as satellite image analytics, artificial intelligence, machine learning, among others to enable risk identification, monitoring and field level interventions
• Using remote project monitoring tools to identify and predict project delays and losses
• Evaluating cost and time overrun, if any of the projects and suggesting mitigating measures for the same.
• Regular interaction with project stakeholders including LIE, other lenders of the project etc.
• Attending Lenders/consortium meetings, Investor calls etc .
• To review reports and analytics on repayment schedules, covenant monitoring, modification in terms and loan sanction, etc
• Undertake regular site visit of operational / under construction projects to keep track of the project assets and identify any gaps, which can be used to safeguard the project assets.

To manage a robust documentation mechanism for business proposals & develop MIS reporting for areas under credit management.

To ensure efficient Turnaround time (TATs) by the Credit and Operations team for validating and processing the proposals

• To maintain accurate reports & analysis of portfolio risk variances & trends for the lending portfolio
• To present periodic MIS to the Head – Credit Monitoring and other internal and external stakeholders
• To effectively deploy processes and mechanisms for ensuring high quality TATs for validating lending proposals & share the same with all concerned
• To ensure prompt resolution/ explanation of queries raised by sanctioning authorities

Refer the links to know more Growth & Culture at ABC: https://www.adityabirlacapital.com/careers?ref=abc-homepage

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Disclaimer

Aditya Birla Capital is committed to provide equal opportunity to all in employment and prohibits discrimination or harassment in any form on the basis of race, colour, religion, ethnicity, age, gender, disability or any other characteristic protected by law. Diversity, Equity and Inclusion (DEI) is embedded in our recruitment policies based on our business needs and candidates meeting the eligibility criteria such as qualification, skills and experience.

Important

• Aditya Birla Capital and its member companies do not demand or accept money from job applicants.
• Any job offer made against a service charge or security deposit or processing fees or background verification expenses or any other terms, whether refundable or non-refundable should be considered fake.
• An authentic job offer mail from us will have our domain name (adityabirlacapital.com).
• Please be aware of fraudsters using fake URLs to mask themselves as senders from reputed organisations. Hence always check and verify the email ID.
• Any mail offering a job, interview date and asking for personal details should be handled with caution, especially if the mail address list also includes email IDs ending with Gmail/Yahoo/Hotmail/Live domains.
• In case a job applicant is offered a job against payment in any form, or has accepted employment from fraudulent persons, Aditya Birla Capital and its member companies will NOT be held liable and responsible for any consequences thereof.
• Please remain vigilant of such offers and notify us here .You may also lodge a complaint with the law enforcement agencies.
• Beware of fake websites, email IDs, Facebook, LinkedIn pages that appear similar to ours.
• We reserve the right to initiate any appropriate action as we deem fit.