Area Credit Manager || HL & LAP - Prime || Hyderabad

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 Area Credit Manager plays the role of executing risk and credit operations in line with established guidelines & norms and securing the organization against diverse risks in local business operations via process measures and checks. This role is responsible for ensuring robust and efficient creditworthiness and risk assessment, and is the first approval authority in the risk management structure. He/she is the ears on the ground member of the Risk Team who meets every customer as part of the underwriting process and also visits the property which is being funded. Therefore, they need to have an understanding of the Legal and Valuation framework to be able to perform their role satisfactorily

Key Challenges

• While the ABFL Mortgages team also works with retail customers in the property space, the ABHFL business is exposed to the additional Construction Risk, i.e. risk from under construction projects not getting completed as planned. The Risk Team must factor for this when designing and implementing control mechanisms, and evaluating business proposals.
• ABHFL is in its inception phase as a company and in the midst of rapid growth. The Risk function must therefore be able to balance priorities of risk management and business growth efficiently, without increasing sub-prime exposures or impacting business health and sustainability.

The housing space is characterized by state-wise norms and business practices, as well as varied interpretations of regulatory guidelines by different stakeholders. It is therefore essential for Risk function team members to remain up to date on business

• practices/ norms in their respective states/ locations and work within regulatory guidelines in a manner that minimizes business risk and also supports growth objectives.

Enabling Skill Sets & Qualifications

• Critical skill sets required to meet these challenges include business and commercial acumen, analytical skills, interpersonal and presentation skills, and execution capabilities.

Education & experience required to fulfil this profile are a CA/ MBA Finance with minimum 10 – 12 yrs of experience in a bank/ NBFC/ HFC, of which at least recent 3 - 4 yrs experience should be in managing risk and underwriting in an HFC.