Technical Manager_Credit_Bilaspur

Business

Financial services

Unit

Aditya Birla Finance Ltd

Location

Poornata Position Number of the job

Reports to:PoornataPosition Number

Poornata Position Title of the job

Technical Manager

Reports to:PoornataPosition Title

Area Technical Manager

Function

ABFL-Risk

Reports to: Function

Head- Risk- Retail

Department

Technical

Reports to: Department

Risk

Date of writing/Updationof JD

1) Job Purpose:Writethe purpose for which the job exists (in 2-3 lines)

To contribute to mortgage 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 to.

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

Unit Workforce Number

Function Workforce Number

Department Workforce Number

Other Quantitative and Important Parametersfor the job:Budgets/ Volumes/No. of Products/Geography/ Markets/ Customersor any other parameter

3) Job Context & Major Challenges:Writethe 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

This role is an integral part of the Risk & compliance & is responsible for carrying out due diligence for the underlying security i.e. Real Estate Property and ensure that all information required to take a credit decisionw.r.t.real estate property be provided to higher management. He is also responsible for maintaining TAT. The key aspect of due diligence is that underlying security i.e. real estate properties are compliant with local statutory norms & regulations & falls under acceptable norms as per ABFL as well as RBI.The role holderis also responsible for providing and keeping 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/shehas toprovide inputs related to real estate property to higher management which will help them in decision making to improvise TATs of the overall sanction process.

The major challenges to this profile include

• Selfupdationon economic / sectoral changes in the economy

• Customer Satisfaction: Internal as well as external customer satisfaction.

• Vendor Management:Seamless co-ordination with external entities.

4)Key Result Areas:Writethekey resultsexpected from thejobandthe supporting actions for each of thesekey result areas (Fora majority ofjobs typicallythere could be4-7key result areas)

Key Result Areas

Supporting Actions

Policy & Process

• 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

Vendor Management

• Vendor Empanelment for respective locations

• Periodical review of the vendors for respective zones.

• Monitoring TAT

• Resolving valuation specific queries from respectivelocations.

Carry out technical evaluations of property to be held as security against mortgages / LAPs and home loans

• Oversee the real estate valuation process for ABFL, to be carried out through external technical agencies as well asanin-house technicalteam

• Identify projects for which home loans may be approved on an expedited basis,so as toreduce the turn-around-time of home loans

• Develop and oversee the upkeepofatechnical MIS andsupervisetechnical activitiesacross locations

• Coordinate with valuation agencies to purchase valuation reports carry out checks and validations of these reports and incorporate them into the technical database

• Ensurecompliance with technical norms(both internal and regulatory)in line with organizational policies

• Appraise senior management of anyamendments in development control regulations affectingthereal estate sector, and their effects on business

Audit & Hind sighting

• Carrying out periodical audits of vendors for respective locations

• Carrying out monthly audit for sampled valuations, lease rentals for respective locations.

Oversee the development and upkeep of an MIS for technical information

To prepare regularMISfor areas under risk management and give presentation to various stakeholders

• Develop an MIS system to track TAT, price trends, valuer allocation %, collateral score data.

• Prepare MIS reports and trend charts on portfolio progress/variances/defaults for all the loans during their credit life cycle and present them to the team leader.

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, thatjob is required tointeract with in order to deliver thejobobjectives

Relationship Type

Frequency

Nature

Internal

1. Zonal Technical

1. Head Technical

1. National Risk Head (Mortgages / HFC / CF)

1. Regional Credit Manager (Mortgages/HFC/CF)

Daily

Weekly

Need based

Daily

1. MIS, intimation in cases requiring management intervention

1. Recommendations on loans, ongoing portfolio/client reviews, documentation audits

1. MIS, intimation on major shortfall/skips/defaults in portfolios

External

1. Clients

1. External Vendors

1. Regulatory authorities

Need based

Daily / Weekly

Need Based

1. Documentation, intimation in case of shortfall

1. Real Estate property issues, valuation issues, audit etc.

1. Document verification, changes in statutory norms