Credit Officer

Overview

This position involves executing risk management activities at the field level for the construction finance sector. The officer will develop an in-depth understanding of projects and developers, preparing credit memos to evaluate project feasibility and proposing structures aligning with Aditya Birla Housing Finance Limited's risk guidelines and client requirements. The role includes detailed viability assessments, analysis of market trends, and financial scrutiny of developers.

Company and Role Context

Aditya Birla Capital aims to be a prominent and respected financing institution catering to retail High Net Worth Individuals and corporate clients. Operating across 18 cities with ISO 9001:2008 certification for all business processes, the organization emphasizes broadening its risk and revenue base by expanding geographically and diversifying product offerings.

The Credit Officer plays a crucial role by conducting rigorous due diligence on credit proposals within the Construction Finance Business, ensuring compliance with credit policies, RBI regulations, and statutory norms. Maintaining turnaround time (TAT) for appraisals and actively collaborating with sales and risk management teams to optimize processes are key job aspects.

Challenges and Responsibilities

• Coordinating across departments for prompt credit proposal approvals.
• Continuously updating knowledge on economic and sector developments.
• Enhancing turnaround times for credit decisions.
• Collaborating with various internal and external stakeholders effectively.
• Contributing to new product development initiatives.

Core Responsibilities

• Assess and perform comprehensive credit analyses of loan applications for local approvals or escalation to the central Risk team.
• Engage with developers/builders to gauge project viability regarding scale, progress, and financial health.
• Structure deals ensuring adherence to internal risk guidelines and regulatory standards.
• Analyze developers' financial statements and conduct background research on projects and market trends, including negative information identification.
• Coordinate with Legal and Technical teams to address property risks.
• Monitor compliance with statutory real estate norms.
• Maintain close relationships with developer finance and accounts teams for accurate and timely data.
• Prepare and submit credit memos to Risk/credit committees, actively following up to reduce approval time.
• Ensure complete documentation handover and mortgage creation for loan disbursement, verifying security marketability and clear title.
• Emphasize adherence to credit risk strategies, collaborating with Central Risk teams to mitigate risk, and tracking asset quality and delinquency rates.
• Oversee vendor management processes including appointment, performance review, and training of field investigation agencies, legal advisors, valuers, and fraud containment units.
• Ensure compliance with credit and operational Standard Operating Procedures at the local level and foster continuous process improvements to align with business dynamics.
• Manage data capture for MIS generation and partake in training local credit and sales teams on product knowledge and legal/technical guidelines.
• Handle customer grievances and escalations during and post loan disbursal, collaborating with legal departments for resolution.

Candidate Profile and Qualifications

• Strong analytical abilities with attention to detail, good decision-making, initiative, and target-driven work ethic.
• In-depth market knowledge supported by a robust industry network.
• Professional qualification as a Chartered Accountant or MBA.
• Relevant experience of 2 to 4 years within credit and risk functions at Banks or Non-Banking Financial Companies (NBFCs).