Deputy Chief Manager

Birla Carbon; Mumbai; On-site; INR 1,800,000 - 2,800,000; Full time

Job summary

A leading company in carbon production is seeking a Deputy Chief Manager to assess credit risk among corporate debt investments. You will monitor and review a diversified portfolio to minimize credit risk while constantly evaluating macroeconomic factors that impact the portfolio. This role is critical for providing informed insights to the fund management team to optimize performance and ensure compliance with norms.

Qualifications

• Experience in credit risk analysis of corporate debt investments.
• Strong ability to interact with company management and rating agencies.
• Knowledge of IRDA norms is desirable.
• Familiarity with macroeconomic indicators and portfolio management.

Responsibilities

• Conduct assessment of credit risk amongst corporate debt investments.
• Monitor a large and diversified portfolio efficiently.
• Perform ongoing reviews of the outstanding debt portfolio.

Job description

At the Aditya Birla Group, our Corporate Vision is aligned and intricately woven with our People Vision.

Deputy Chief Manager

Job Purpose

The purpose of the job is to conduct assessment of credit risk amongst the corporate debt investment portfolio for both the existing and new/incremental investments in order to enable the debt fund team to optimise fund performance. The role will also be responsible for updating the fund management team on key macro economic variables.

Job Context

The purpose of the job is to conduct assessment of credit risk amongst the corporate debt investment portfolio for both the existing and new/incremental investments in order to enable the debt fund team to optimise fund performance. The role will also be responsible for updating the fund management team on key macro economic variables.

Job Challenges

• Effectively monitoring a large and diversified portfolio given the constraints of manpower and time.
• Giving quality credit calls in a very dynamic environment where domestic and global economy is changing very fast.

Key Result Areas

KRA1

Conducting credit risk analysis for new corporate debt investment proposals thereby enhancing the coverage of the approved debt universe.

1. Interact with the investee company’s management.
2. Preparing credit risk research report on the company.
3. Ensure compliance with internal as well as IRDA norms.
4. Debt Universe amongst manufacturing sector has increased from 30 companies in March 2009 to 64 companies as on March 2012.
5. New inclusions to the debt universe are backed by in‑depth research on fundamentals of companies, industry competitiveness, domestic and global demand‑supply scenario, external risk factors, and various sensitives considered while projecting the companies’ financials (e.g., demand growth, capacity utilisation, input cost pressures, interest rate sensitivity).
6. Analysing the management profile and track record is a prior concern before making any investment decision.
7. Strategy has been to maintain the credit quality of the portfolio.

KRA2

Perform ongoing review of the outstanding debt portfolio in order to minimise the credit risk in the portfolio.

1. Conduct quarterly result analysis.
2. Monitoring and analysing rating actions by credit rating agencies.
3. Regular interaction with company management and rating agencies.
4. Ensure compliance with internal as well as IRDA norms.
5. Monitoring & reviewing the credit risk & corresponding credit limits in the outstanding debt portfolio on an ongoing basis by reviewing the trends in business as well as financial profile of the companies.
6. Credit rating alert list to be reviewed constantly with any deletions/up gradations/critical cases and updated to Fund Management Team.

KRA3

Updating key macro economic global and domestic indicators in order to assess the impact on the economy/sector/companies in the portfolio.

1. Tracking daily news flow and circulating to fund management team.
2. Tracking and sharing a fortnightly analysis of domestic indicators and a monthly analysis of global indicators.

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