State Credit Manager - Nashik

About the Role

The State Credit Manager will play a pivotal role in critically assessing credit proposals, focusing on the inherent industry, business, financial, management, and facility structure risks. This position supports Mortgage business products such as Loan against Property, Lease Rent Discounting, Construction Finance, and Home Loans. The role strongly collaborates with the sales team to ensure a swift credit proposal turnaround.

Organizational Context

Aditya Birla Finance Limited (ABFL), a lending subsidiary of Aditya Birla Capital Limited, operates as a Systematically Important NBFC with a strong pan-India presence of 91 branches and a lending portfolio of Rs. 45,560 Crores. ABFL offers a range of secured and unsecured loans to Retail, HNI, MSMEs, and large corporates, and maintains top-tier credit ratings from India Ratings, ICRA, and CARE.

Key Responsibilities

• Conduct in-depth credit analysis and evaluation of lending proposals for local approval or escalation to higher committees.
• Scrutinize credit proposals by examining creditworthiness, business viability, financials, tax returns, cash flows, repayment history, and bank balances, ensuring compliance with internal credit policies.
• Engage in personal interactions with customers for thorough investigation and gather pertinent credit information.
• Perform external market research including references from bankers, suppliers, and customers to assess proposals.
• Coordinate with legal and technical teams to assess and mitigate property-related risks.
• Submit detailed Credit Appraisal Memos to the Regional Credit Manager highlighting borrower risk factors.
• Issue sanction letters accurately within approval limits and identify deviations diligently to protect revenue.
• Ensure complete and proper documentation flow between Relationship Managers and disbursement teams, guaranteeing marketable securities with clear titles.
• Exercise credit delegation authority up to INR 1.50 Crores, especially for high-risk and complex product funding.
• Continuously monitor mortgage portfolio performance, overdue positions, covenant compliance, and pending documentation to facilitate recovery processes and risk mitigation.
• Network with financial institutions for local industry references when necessary.
• Ensure strict adherence to credit policies, support credit policy revisions, and contribute to new policy developments.
• Maintain effective documentation tracking and ensure prompt turnaround times.
• Prepare and present Management Information System (MIS) reports reflecting portfolio status, variances, and defaults to relevant leadership.
• Oversee SOP compliance for mortgage credit assessments and facilitate continuous process improvements to meet evolving business needs.
• Capture accurate data for MIS generation and train local teams on underwriting, legal, technical, and operational procedures.
• Manage customer escalations and coordinate with legal teams to resolve issues promptly.
• Lead and mentor Credit Analysts and CPAs ensuring adherence to turnaround times, processes, and quality standards.
• Identify and recommend local vendors for valuations, legal, investigations, and fraud containment, managing vendor performance and training.

Key Relationships

• Internal daily interactions with Credit, Risk & Compliance heads, Regional Credit Managers, Credit Analysts, sales teams, operations, and support functions to coordinate loan approvals, portfolio monitoring, documentation, and business operations.
• External frequent engagements with clients, auditors, lawyers, valuers, field investigation agencies, and fraud containment units for credit reviews, market insights, and collections.