Senior Business Analyst

Part of the Aditya Birla Capital Limited, 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 has grown at a steady rate 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 segment 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 is poised for rapid growth and plans to grow 5X (40,000 Cr) in the next 5 years. This shall take ABHFL within the top 5 percentile of HFCs in the country.

The ABHFL Sales organization works broadly with 3 customer segments – retail (individual) customers, institutional customers (for retail and institutional loan consumers) and builders (for both retail tie-ups and construction finance), with a major share of the business coming from retail customers. Client segments can also be divided into Salaried and Self-employed, with both of these having very different preferences and needs.

The Business Credit Analyst is an integral part of the Construction Finance Business and is responsible for analyzing the proposals with the required due diligence and to ensure that all information required to take a credit decision is captured in the proposal.

The analyst is also responsible to ensure that proposals are compliant with all the norms of credit policy, RBI regulations and other statutory regulations.

He/she has to maintain stipulated TAT in credit appraisal process and is also responsible for keeping update on the various changes in economic scenario, sectors, etc., co-ordination with sales team and RMG for faster decisions to improvise TATs of the overall sanction process.

Market Intelligence and understanding Competition best practices and suggesting changes in the existing product / policy and processes.

Generating various MIS’s and EWS (early warning signals), overall portfolio monitoring form risk as well as compliance perspective is an important job aspect.

Cross functional coordination to enable timely approval of credit proposals

Self-updating on economic / sectoral changes in the economy

Improvising on TAT

Seamless co-ordination with multiple internal and external entities

New product development

The critical skill sets are a strong analytical acumen, evaluation skills, detail orientation & decision-making skills, initiative & target orientation & market intelligence developed through a strong industry network.

The education & experience required to fulfil this profile are a Chartered Accountant or an MBA with minimum 2-4 years of experience in credit and risk functions of Banks/NBFCs.

Meet with developers and builders to understand the viability of their projects, in terms of project scale, progress and financials

Provide inputs towards the structuring of the deal, ensuring compliance with internal risk and external regulatory requirements

Carry out an analysis of the balance sheet and recent financial results of developers and their organizations

Carry out background research on the project, the developer and the regional market, highlighting any negative reports so as to ensure the quality of ABHFL’s lending portfolio

To interact with the Legal and Technical agencies to ensure that property risk have been understood and mitigated.

Monitor statutory real estate guidelines and assess any relevant information from these sources

Manage direct relationships with developer finance and accounts teams to get timely and correct information

Prepare a credit memo and forward it to the Risk team /credit committee, following up on action so as to ensure minimal turn-around-time of the approval process

To ensure document execution from RMs & the handover of complete documentation to MOG for disbursement of loans. Ensuring proper mortgage is created in favor of ABFL. Ensuring the underlying security mortgaged is marketable and having a clear title.

Ensure a thorough understanding and acceptance of the ABFL credit risk strategies, and ensure that appropriate credit risk parameters are incorporated in proposals

To work with the Central Risk teams to identify risk areas and build processes to mitigate risk, including performance metrics and documented procedures

Monitor customer accounts on a periodic basis to ensure the maintenance of acceptable asset quality levels

Track delinquent and potentially problematic accounts closely, taking action to minimize the level of NPAs within the region

Ensuring that end to end processes are followed as per the SOPs as defined for CF at the local assessment level

Continuous improvement in credit approval process to meet the dynamic business needs and instituting mechanisms for adherence of risk associated with the product s, safety of financed amount and customer satisfaction.

Proper capturing of data in the requisite system to ensure proper MIS generation for business decisions

Training implementation for Local Credit Process team, Sales team on product, processes, legal and technical aspects.

Handling customer escalations and complaints during and post disbursements – replies to mailers, correspondences with co-ordination with the legal team