Deputy Area Manager - Business Loans - Underwriting East

Bajaj Finance; East Champaran; On-site; INR 900,000 - 1,300,000; Full time

Job summary

Bajaj Finserv Limited in India is seeking a Credit Analyst to source MSME working capital loans for Small Business lending. You will review credit proposals, assess risk, and own assigned portfolio with EWIs and deferral tracking.

Work with Business and Risk teams to align with risk appetite. Responsibilities include evaluating CAMs, ensuring policy adherence, liaising with valuation/legal agencies for collateral, and timely credit decisions.

Qualifications

• Strong credit assessment skills with SME/Corporate exposure.
• Banking product processes and risk concepts.
• Understanding of accounting principles and regulatory knowledge.
• Excellent written and verbal communication skills.

Responsibilities

• Review credit proposals submitted by Credit managers teams and assess risk comprehensively.
• Convey a clear opinion on feasibility from risk perspective covering business model, industry, structure, and financial risk.
• Monitor portfolio health, EWIs, deferral tracking, and coordinate with Business and Risk teams.
• Collaborate with RM, Legal, Valuation agencies, and other stakeholders for collateral assessment and policy adherence.
• Ensure adherence to TAT and Delegation of Authority for credit appraisals.
• Provide portfolio reporting to management on a monthly basis and conduct quarterly reviews.
• Foster a high-performing team and promote collaboration and knowledge sharing.
• Interact with relationship managers to assess risks and suggest mitigants.

Skills

Credit assessment

Banking product knowledge

Accounting principles

Communication skills

Education

CA/CFA or MBA in Finance

Job description

Job Summary

• Credit Analyst for sourcing MSME working capital loans for Small Business lending vertical
• To Review Evaluate Credit proposals created by team for MSME deals involving Term Loans, working capital limit CGTMSE backed limit, Purchase Bill Discounting
• Complete ownership of assigned portfolio of accounts including regular monitoring, early warning identifications (EWIs), deferral tracking and working on appropriate account strategy in conjunction with Business and Risk teams in line with the BFLs' risk appetite

Responsibilities

• Review credit proposals (CAMs /Interim CAMS /Ad-hoc CAMs) submitted by Credit managers teams on assigned set of accounts and assess the risk involved comprehensively.
• Convey a clear opinion regarding the feasibility of the proposed transaction/ proposed facilities, from risk point of view, covering business model, industry risk, structure, and financial risk.
• Awareness of the product proposed and suitability to the client needs
• Reviewing Complete / accurate CAM's / Coverage and Intensity of Diligence Adherence to Credit Policy and extant regulatory guidelines
• Compliance of underwriting process and liaising with Valuation Legal Agencies for collateral assessment.
• Ensuring adherence to pre-defined TAT and Delegation of Authority for credit appraisals
• Gathering market intelligence and sharing with the risk policy team getting them incorporated in the policy programs for improvement in portfolio health business growth.
• Market Research and Feedback for credit policy and new product launch based on market conditions.
• Portfolio Monitoring:
• Ongoing monitoring of accounts including tracking developments in the industry and the account to identify stresses early and work with Credit Monitoring business teams in devising appropriate mitigation strategies wherever required.
• Reviewing cases suggested by Central Monitoring Unit as per action staircase, engaging further with RM's and clients for evaluation.
• Independently manage C-level and VP-level client executives both internally and externally; Appropriate level of client calling to develop strong understanding of client business and industry dynamics
• Management Reporting - presentation to the management on a monthly basis and rapid portfolio review on a quarterly basis
• Team Management:
• Foster a cohesive and high-performing team by promoting collaboration, knowledge sharing, and continuous learning, with a strong focus on industry expertise.
• Providing the team with an encouraging atmosphere whereby the individuals can work independently.
• Review the CAMs for the team and ensuring factual accuracy and confirming the BFL approved policy.
• Collaboration with the Stakeholders:
• To interact with the relationship managers pro-actively to assess the main risks and propose mitigants, at various stages of credit process.
• Suggesting policy changes or Program related developments to Risk Counterparts, if required
• Engaging with Business, Central Monitoring Risk Team, Operations Team, Legal, and other stakeholders (collateral agencies) as appropriate for all credit processes
• Liaison with COE team for process enhancement and system enablement.

Key Decisions / Dimensions

• Engaging with Business Team to ensure to meet its AOP targets
• Managing Early MOB cases
• Maintain portfolio hygiene
• Ensuring Nil Losses in the Book
• Recommendation- Engaging with Business Team for onboarding of clients and setting up exposure limits
• Recalibration: Alignment with the Business Team for right-sizing and down-sizing of the portfolio based on the recommendations from Portfolio Monitoring Team, External Environment Credit health of the clients.

Major Challenges

• The NBFC segment is susceptible to regulatory and legislative risks
• Limited Product Suite for a Corporate Borrower considering the vast NBFC space

Required Qualifications and Experience

a) Qualifications

• CA/CFA or MBA in Finance
• Key Skills:

• Strong credit assessment skills preferably in SME + Mid Corporate Segment
• Expert knowledge in analyzing Financial Statements Collaterals w.r.t Legal Clearance and Valuations.
• Banking Product Process Knowledge
• Understanding of accounting principles and Regulatory Knowledge
• Excellent knowledge of competition current trends in financial Industry
• Strong written and verbal communication skills

b) Work Experience

• Overall 6-8 years in credit and risk management in SME Wholesale or Retail credit with minimum 6 years of experience in business banking from reputed financial institutions
• Exposure to Banking/ Credit Rating Agencies