Job Description

Job Purpose

To contribute to risk management by ensuring that properties held as security for mortgages, home loans and Construction Finance are marketable and identifying and evaluating associated risks, to prepare and monitor the MIS for capturing the behavior of the portfolio and the quality of security and to effectively monitor the technical vendors to ensure that the quality of technical reports and TATs are adhered

Job Context & Major Challenges

Organizational Context
Key Aspects:
Part of the Aditya Birla Capital Limited, Aditya Birla Housing Finance Limited (ABHFL) is registered with the National Housing Bank as a housing finance company under the National Housing Bank Act, 1987. The company offers a complete range of housing finance solutions such as home loans, home improvement and home construction loans, balance transfer and top-up loans, loans against property and construction finance. The company acquired its license on 9th July 2014 and has aggressive growth plans.
ABHFL has grown at a steady rate while reporting good asset quality despite challenges in the operating environment. While the industry is dominated by five large groups, there has been an emergence of segments like Affordable and self-employed borrowers, given the high potential in these segments. Despite increased focus by banks, HFCs have been able to maintain their share in the mortgage market. and is poised for rapid growth and plans to grow 5X (40,000 Cr) in the next 5 years. This shall take ABHFL within the top 5 percentile of HFCs in the country.
Job Context
Key Aspects:
The Risk team provides core underwriting services fundamental to the ABHFL business health, risk management and sustainability. Structured as a dual to the Sales/ Sourcing team, with positions mapped against corresponding Sales roles across the organization, the Risk team is responsible for necessary controls and process checks to ensure business performance and health.
While the core responsibility for this function is to control the business via robust underwriting and risk management, supporting business expansion via joint evaluation of different product/ market growth proposals with the Sales team is also an important contribution.
The role of Team Member - Technical is an integral part of the Risk & compliance & is responsible for carrying out due diligence for the underlying security i.e. Real Estate Property & ensure that all information required to take a credit decision w.r.t. real estate property be provided to higher management. He is also responsible for maintaining TAT. He is also responsible for providing updates about changes happening in statutory rules & regulations related real estate properties, real estate property rate movements, demand-supply analysis, impacts of economic changes on real estate property etc. In all he has to provide inputs related to real estate property to higher management which will help them in decision making to improvise TATs of the overall sanction process.
Key Challenges
Cross functional coordination to enable timely approval of proposals
Regular updation on changing economic & Industry scenario.
Monitoring TAT of valuations.
Customer Satisfaction: Internal as well as external customer satisfaction.
Vendor Management: Seamless co-ordination with external entities.

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 Civil Engineer with minimum 5 to 8 years of experience. Total experience should be of good mix of construction as well as valuation. Valuation experience with Banks or NBFCs is preferable.

Key Result Areas

	KRA (Accountabilities) (Max 1325 Characters)	Supporting Actions (Max 1325 Characters)
KRA1	Preparing the Policy & Processes	Preparing & review city specific process notes which can cater city specific deviations & mitigants for the same Inputs for updating technical policy, Vendor management Policy, Audit policy.
KRA2	Complete Vendor Management	Vendor Empanelment for respective zones Periodical review of the vendors for respective zones Regular monitoring of TAT Resolving valuation specific queries from respective zones
KRA3	Responsible for Audit & Hindsighting	Carrying out periodical audits of vendors for respective zones Carrying out monthly audit for sampled valuations, lease rentals for respective zones/locations.
KRA4	Check the feasibility of Construction Finance Projects	Visiting Construction Finance projects Due diligence of all project approvals Project analysis including evaluation of projects, project lifecycles, cost break-ups & Techno economic feasibility analysis Preparation of primary Project Feasibility analysis for Construction finance / Debt Syndication proposals Valuation of Construction Finance Projects, checking regulatory compliances w.r.t. permissions & Development Control Regulations of authorities Preparing project life cycles & Milestones Monitoring periodically the progress of projects & end use of funds for all construction finance cases Quarterly progress report for construction finance projects

Technical Manager