Job Purpose
Real Estate property is the underlying security for any secured mortgage based funding. Hence it becomes imperative to have underlying security to be legally, technically clear & fundable. Important aspects of real estate properties are valuation, compliances w.r.t. statutory permissions, physical condition. This can be done through approved valuers as well as in-house technical team.This position is required to cater different businesses for Aditya Birla Finance Ltd. which majorly includes:Risk evaluation: Evaluation of different risks related to underlying security i.e. real estate property.Internal Controls / Audits: Carrying out audits to check security, integrity related risks.Data & MIS Management: Portfolio Management.Vendor Management: Managing External Valuation Agencies.Turn Around Time (TAT): Maintaining requisite TAT through vendors.General administration: Real Estate Updates, Maintaining zone Base Master.Areas Of Excellence Includes
Risk evaluation: Evaluation of different risks related to underlying security i.e. real estate property.Internal Controls / Audits: Carrying out audits to check security, integrity related risks.Data & MIS Management: Portfolio Management.Vendor Management: Managing External Valuation Agencies.Job Context & Major Challenges
Job Context/Job Challenges
As the debt arm of Aditya Birla Financial Services Group (ABFSG), Aditya Birla Finance Limited (ABFL) offers specialized lending and financing solutions in the areas of Capital Markets, Corporate/ Trade Finance, Commercial Real Estate and Mortgages. Currently ranked within the top 25 NBFCs of India, we have made significant progress and our balance sheet at INR 15,000 Cr plus exceeds that of several mid-sized Banks and NBFCs.A well established brand and top 3 player in the Capital Markets space, today our product suite comprises of a well-diversified look, with equal weightage and focus given to the 3 lines of businessHaving seen a y.o.y cumulative growth of 50% in both top-line and bottom line, sustainable profitability continues to be the key management agenda.The company has a well-defined vision of being one of the most reputed and material financiers within the lending space - spread across both retail HNI and corporate clientele. We have made significant investments in our process and system infrastructure towards preparing for the next level of growth and are one of the only financial entities certified for ISO 9001:2008 across all our business processes. Spread across 18 cities, we plan on further diversifying our risk and revenue mix through expansion into new geographies and new product segments allowing our customers a one-window shop for all their financing needs.The Risk and Compliance function is engaged in evaluating the creditworthiness of the loan applications for CMG, CFG, SME and Mortgage lending divisions considering the quantitative & qualitative factors like ownership, size & market presence of the client business, capital adequacy, collateral quality, earnings quality, liquidity, management quality & client credibility & adherence to statutory requirements.The Risk & Compliance is engaged in formulating credit risk policies for all ABFL businesses, carries out risk assessment of credit proposals, obtains credit decisions from Credit Committees, monitors credit exposure and carries out recovery of over dues. It formulates risk policies in association with Central Risk, ABFSG for overall risk management in ABFL.This profile would require an understanding of following types of properties:Residential Property - under construction & completed.Commercial Property - under construction & completed.Industrial Property including WarehousesSpecific usage properties -schools, hospitals, hotels etc.Commercial Real Estate Projects - Residential, Commercial, Retail & Mixed development.The role also requires an understanding of following types of transactions:Home Loans - Builder purchase,Loan Against PropertyLease Rental DiscountingConstruction FinanceThe major challenges to this profile includeCross functional coordination to enable timely approval of proposalsRegular updation on changing economic & Industry scenario.Monitoring TAT of valuations.Customer Satisfaction: Internal as well as external customer satisfaction.Vendor Management: Seamless co-ordination with external entities.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 Civil Engineer with minimum 5 to 8 years of experience. Total experience should be of good mix of construction as well as valuation. Valuation experience with Banks or NBFCs is preferable.Key Result Areas
KRA (Accountabilities) (Max 1325 Characters)
Supporting Actions (Max 1325 Characters)
KRA1 Policy & Process Preparing & review City Specific Process notes which can cater city specific deviations & mitigants for the same.Inputs for updating technical policy, Vendor management Policy, Audit policy.KRA2 Vendor Management Vendor Empanelment for respective zonesPeriodical review of the vendors for respective zones.Monitoring TATResolving valuation specific queries from respective zones.KRA3 Audit & Hind sighting Carrying out periodical audits of vendors for respective zonesCarrying out monthly audit for sampled valuations, lease rentals for respective zones/locations.KRA4 Construction Finance Visiting Construction Finance projects.Due diligence of all project approvals.Project analysis including evaluation of projects, project lifecycles, cost break-ups & Techno economic feasibility analysis.Preparation of primary Project Feasibility analysis for Construction finance / Debt Syndication proposals.Valuation of Construction Finance Projects, checking regulatory compliances w.r.t. permissions & Development Control Regulations of authorities.Preparing project life cycles & Milestones.Monitoring periodically the progress of projects & end use of funds for all construction finance cases.Quarterly progress report for construction finance projects.KRA5 Mortgages / Home Loans / CFG/CMG 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.KRA6 Approved Project Facility Getting project reports from valuation agencies.Periodical maintenance & circulation of MIS for APF projects.Periodical monitoring of all APF projects & updating the management about progress.KRA7 Portfolio Analysis Revaluation of portfolio as per approved revaluation policy.Monthly sampling & audit for valuation reports.Any other type of analysis.KRA8 Database / MIS Management MIS for respective ZonesMIS for APF (Monthly)MIS for vendor (Half-Yearly)MIS for Advance Disbursement Facility cases (Monthly)MIS for delay in disbursement for under-construction cases (Half-Yearly)MIS for progress for construction finance projects (Quarterly)
