Bajaj Finance
Bajaj Finance | Cluster Manager - Business Loans - Underwriting East
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Job Highlights
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.
- 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.
- Reviewing cases suggested by Central Monitoring Unit as per action staircase, engaging further with RM’s and clients for evaluation.
- Management Reporting – presentation to the management on a monthly basis and rapid portfolio review on a quarterly basis.
- 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.
- 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.
- Gathering market intelligence and sharing with the risk policy team & getting them incorporated in the policy programs for improvement in portfolio health & business growth.
- 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.
- Foster a cohesive and high-performing team by promoting collaboration, knowledge sharing, and continuous learning, with a strong focus on industry expertise.
- Suggesting policy changes or Program related developments to Risk Counterparts, if required
Requirements
- Strong credit assessment skills preferably in SME + Mid Corporate Segment.
- Expert knowledge in analyzing Financial Statements & Collaterals w.r.t Legal Clearance and Valuations.
- Understanding of accounting principles and Regulatory.
- Excellent knowledge of competition & current trends in financial Industry.
- Strong written and verbal communication skills.
- 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.
About the company
Bajaj Finance Limited
Bajaj Finance Limited is one of India's largest non-banking financial companies. Incorporated in 1987 as Bajaj Auto Finance Limited and renamed in 2010, it is headquartered in Pune and is a subsidiary of Bajaj Finserv Limited. It is regulated by the Reserve Bank of India as a deposit-taking NBFC in the upper layer of RBI's scale-based framework, and its shares are listed on the NSE and BSE.
Its businesses span consumer lending and payments, SME and commercial lending, rural lending, fixed deposits and digital lending, with home loans offered through its subsidiary Bajaj Housing Finance. Beyond its large sales and service teams, Bajaj Finance hires CA, CMA, CFA and MBA (Finance) profiles into finance and accounts, taxation, treasury, internal audit, credit underwriting, risk and compliance roles.
