Team Member - Credit Monitoring - CF - Mumbai (Maharashtra)

Designation: Manager Location: India Maharashtra R-Tech Park Goregaon Organization: Financial Services Job Description: Managing credit monitoring Team Manage credit monitoring division for Construction Finance, SME - Institutional To build a robust credit coverage and Credit monitoring system - Focus on identification, measuring, monitoring, and managing the risks (including credit, operational, market risks etc.) in the overall portfolio and individual borrowers - Gathering market intelligence about the borrower and industry through: - Regular lesioning with borrowers bankers, credit rating agencies, CIBIL etc. - Regular meeting with companys management and its supply chain stakeholders - Interacting with other industry players, wherever possible - Any other sources of information that are available - Taking responsibility of managing the overall credit quality of the portfolio - To have risk awareness about macro and sectoral issues related to various sectors where the division has lent and is looking for business opportunities - Benchmark the internal credit monitoring policy to the industry and keep improving upon the same - To monitor the compliance of internal and regulatory guidelines etc. To perform portfolio monitoring and leverage data analytics for effective Credit monitoring & formulate compliance processes for recent and existing business - To monitor the portfolio performance by continual analysis of fundamentals & reviewing the ratings, analyses the covenants and evaluate industry performance in that sector - Regularly updating on the pending compliances, gaps in security creation and perfection to be duly highlighted to the senior management including credit committee etc. - Regularly track and evaluate the collaterals using Collateral Management System or any other process/system and suggest mitigant steps to preserve/recover the value of the collaterals as the case may be - Empanel and use the services of established and on ground valuers to identify any impairment in the collateral and take appropriate steps - Devise risk-based data analytics tools, including Collateral Management System and pending compliances etc., that are constantly evolving and gradually can be used to predict the Early Warning signals - Use statistical models to standardize and improve lending decisions - To make sure that all the post sanction compliances are regularly met and adhered to - Ensuring proper end use of funds, adequate insurance cover of borrowers assets, legal documentations are complete and valid etc - Monitoring escrow statements and cash flow performance of the project and the borrower - Keep track of the timely receipt of all payments from the borrowers and to ensure that ABFLs security and security cover are constantly monitored and safeguarded - Conduct regular site visits and periodic meetings with companys management wherever required and feasible - Suggest and initiate actions when risk metrics are breached or have potential to be breached and follow up on the action items as advised by the management - To regularly upgrade credit procedures & ensure their compliance with internal & external rules of lending Monitoring & Risk Identification of Under Construction and operational Projects - Keeping track and monitoring of the under construction, along with Business & Credit Team, including physical and financial progress. - Using latest technology such as satellite image analytics, artificial intelligence, machine learning, among others to enable risk identification, monitoring and field level interventions - Using remote project monitoring tools to identify and predict project delays and losses - Evaluating cost and time overrun, if any of the projects and suggesting mitigating measures for the same. - Regular interaction with project stakeholders including LIE, other lenders of the project etc. - Attending Lenders/consortium meetings, Investor calls etc . - To review reports and analytics on repayment schedules, covenant monitoring, modification in terms and loan sanction, etc - Undertake regular site visit of operational / under construction projects to keep track of the project assets and identify any gaps, which can be used to safeguard the project assets. To manage a robust documentation mechanism for business proposals & develop MIS reporting for areas under credit management. To ensure efficient Turnaround time (TATs) by the Credit and Operations team for validating and processing the proposals - To maintain accurate reports & analysis of portfolio risk variances & trends for the lending portfolio - To present periodic MIS to the Head Credit Monitoring and other internal and external stakeholders - To effectively deploy processes and mechanisms for ensuring high quality TATs for validating lending proposals & share the same with all concerned - To ensure prompt resolution/ explanation of queries raised by sanctioning .