Area Technical Manager - Chennai

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 behaviour 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 Financial Service Group (ABFSG), 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 operates in the Rs. 9.7 trillion Indian Housing Finance market, which has grown at a steady rate of 19% CAGR over the last 3 years 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 newer entrants in niche segments like affordable housing 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 has remained stable at 37% as on September 2014.The nature of the HFC business (dealing largely with retail customers in the potentially sensitive area of housing/ mortgages), along with the additional regulatory and control mechanisms imposed as a result, means it is imperative that all functions and processes align and comply with sound risk management guidelines and applicable regulations/ controls proactively and judiciously. This is vital for managing risk and protecting interests of both the business as well as the customer.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 ChallengesCross functional coordination to enable timely approval of proposalsRegular updation on changing economic & Industry scenario.

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 sameInputs for updating technical policy, Vendor management Policy, Audit policyKRA2 Check thefeasibility ofConstructionFinance Projects Visiting Construction Finance projectsDue diligence of all project approvalsProject analysis including evaluation of projects, project lifecycles, cost break-ups & Techno economic feasibility analysisPreparation of primary Project Feasibility analysis for Construction finance / Debt Syndication proposalsValuation of Construction Finance Projects, checking regulatory compliances w.r.t. permissions & Development Control Regulations of authoritiesPreparing project life cycles & MilestonesMonitoring periodically the progress of projects & end use of funds for all construction finance casesQuarterly progress report for construction finance projectsKRA3 EnsuringBusinesscompliance Checking & validating valuation reports given by valuation agencies.Setting up of city specific process notes to identify city specific deviations & providing solutions for the same.Ensuring compliance with technical norms for the area in line with those set out as per the process.Timely collection and updating the amendments in development control regulations affecting real estate sector